Diodes Incorporated (NASDAQ:DIOD) is one of the best semiconductor stocks with the highest upside potential right now. Truist lifted the price target on Diodes Incorporated (NASDAQ:DIOD) to $139 from $98 on May 8, maintaining a Buy rating on the shares. It told investors in a research note that the company is continuing its cyclical recovery with an above-seasonal Q1 result and modestly above-seasonal Q2 guide, adding that the lead times are starting to extend and inventories are declining.
The rating update came after Diodes Incorporated (NASDAQ:DIOD) reported its financial results for fiscal Q1 2026, with revenue for the quarter coming up $405.5 million, compared to $332.1 million in fiscal Q1 2025 and $391.6 million in the prior quarter. GAAP gross profit was $128.8 million, compared to $104.7 million in fiscal Q1 2025 and $121.9 million in the prior quarter. Meanwhile, GAAP gross profit margin was 31.8 percent, compared to 31.5 percent in fiscal Q1 2025 and 31.1 percent in the prior quarter.
Diodes Incorporated (NASDAQ:DIOD) is involved in the manufacture and supply of application-specific standard products within the broad discrete, logic, analog, and mixed-signal semiconductor markets. The firm’s offerings include rectifiers, diodes, protection devices, transistors, MOSFETs, amplifiers and comparators, functional specific arrays, single gate, dual gate and standard logic, Hall-effect, and temperature sensors. Its operations are divided into the following geographical segments: Asia, the Americas, and Europe.
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