Needham Starts Diodes Coverage With Buy Rating, $110 Price Target
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Needham initiated coverage of Diodes Incorporated with a $110 target as the semiconductor maker's gross margin improved year over year and its August outlook called for a further increase. The firm assigned Diodes a Buy rating. Diodes had revenue of $445.5 million for the quarter ended June 30, 2026. Its GAAP gross margin was 33.1%, compared with 31.5% a year earlier, an increase of 160 basis points. In its August 2026 forecast for the third quarter, Diodes projected revenue of about $510 million, plus or minus 3%, and GAAP gross margin of 35%, plus or minus 1%.
Source: TokenPost
