(Correction: The original article incorrectly compared the net income to analyst estimates, but the analyst estimates should be compared to adjusted net income.)
Thursday morning, Diodes Inc. (DIOD) released its financial results for the second quarter, with the semiconductor and electronics component maker reporting adjusted earnings that came in a penny above analyst estimates.
Diodes reported net income for the quarter of $13.11 million or $0.31 per share compared to $12.25 million or $0.29 per share in the prior year quarter.
The company also reported adjusted net income, which excludes stock option expenses and a one-time non-cash currency hedge loss, of 15.0 million or $0.35 per diluted share.
On average, four analysts polled by First Call/Thomson Financial expected the company to earn $0.34 per share. Analyst estimates typically exclude one-time items.
Revenue for the quarter rose to $116.02 million from $96.28 million in the same quarter last year. Analyst had a consensus revenue estimate for the quarter of $115.29 million.
Looking forward, the company said it expects third quarter revenues in the range of $134 million to $142 million. Analysts currently expect the company to report revenues of $134.28 million for the quarter.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.