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DIOD

Diodes Incorporated

DIOD

Diodes Incorporated • NASDAQ
$46.21 ▲ 0.22% (+0.10)
Market Cap $2.14 B
52w High $67.12
52w Low $32.93
Dividend Yield 0%
P/E 33.49
Volume 293.23K
Outstanding Shares 46.39M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $392.17M ▲ $108.916M ▲ $14.278M ▼ 3.641% ▼ $0.31 ▼ $55.047M ▼
Q2-2025 $366.212M ▲ $105.935M ▲ $46.098M ▲ 12.588% ▲ $0.99 ▲ $89.613M ▲
Q1-2025 $332.113M ▼ $103.398M ▲ $-4.437M ▼ -1.336% ▼ $-0.096 ▼ $33.604M ▼
Q4-2024 $339.298M ▼ $98.967M ▲ $8.241M ▼ 2.429% ▼ $0.18 ▼ $47.641M ▼
Q3-2024 $350.079M $96.131M $13.745M 3.926% $0.3 $52.892M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $391.854M ▲ $2.47B ▼ $522.37M ▼ $1.889B ▲
Q2-2025 $327.334M ▼ $2.472B ▲ $537.384M ▲ $1.877B ▲
Q1-2025 $343.927M ▲ $2.356B ▼ $484.507M ▼ $1.801B ▲
Q4-2024 $316.135M ▼ $2.386B ▼ $517.334M ▲ $1.795B ▼
Q3-2024 $319.327M $2.389B $506.073M $1.812B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $14.278M ▼ $79.133M ▲ $-19.873M ▲ $3.809M ▲ $59.27M ▲ $62.811M ▲
Q2-2025 $44.16M ▲ $41.521M ▼ $-50.156M ▼ $-28.798M ▼ $-18.181M ▼ $21.077M ▼
Q1-2025 $-2.787M ▼ $56.743M ▼ $-28.458M ▲ $-1.318M ▲ $26.234M ▲ $40.849M ▼
Q4-2024 $10.229M ▼ $81.822M ▲ $-69.165M ▼ $-3.808M ▼ $-2.36M ▼ $62.126M ▲
Q3-2024 $15.183M $54.357M $-18.035M $1.438M $49.427M $39.357M

Five-Year Company Overview

Income Statement

Income Statement Revenue climbed strongly through 2021–2022 and then pulled back meaningfully over the last two years, which is typical of a semiconductor down‑cycle. Profitability followed the same pattern: margins were healthy at the peak but have compressed sharply more recently, with operating and net income now much slimmer. The business is still profitable, but far less so than during the boom years, suggesting current results reflect a weaker phase of the industry cycle rather than structural decline, at least so far.

Balance Sheet

Balance Sheet The balance sheet looks conservative and steadily stronger over time. Total assets have inched up, equity has grown solidly, and debt has been paid down year after year, leaving the company far less leveraged than it used to be. Cash levels have stayed fairly stable, indicating reasonable liquidity but not an excessive cash hoard. Overall, financial flexibility appears good, which is important for riding out semiconductor cycles and funding ongoing investment.

Cash Flow

Cash Flow Cash generation has been consistently positive, even as earnings have come off their highs. Operating cash flow peaked around the strong demand years and has fallen back with the cycle, but it remains in the black. Free cash flow has been positive in every reported year, after funding a steady level of capital spending. That points to a business that is managing investments in capacity and technology without overstretching its cash resources, though there is less cushion now than at the peak.

Competitive Edge

Competitive Edge Diodes sits in the more stable, bread‑and‑butter parts of the chip world: discrete, analog, and mixed‑signal components used across automotive, industrial, communications, and consumer devices. Its breadth of products, global manufacturing footprint, and long‑standing customer relationships — especially where reliability and qualification are critical, like in cars and factories — provide a meaningful competitive base. The vertically integrated model can support cost control and quality. The main pressures come from intense price competition, larger rivals with deeper pockets, and the cyclical nature of end markets, which can squeeze margins when demand softens.

Innovation and R&D

Innovation and R&D The company’s innovation effort is clearly targeted rather than scattershot. It focuses on application‑specific parts for high‑growth areas such as automotive, power management, and industrial systems. Work on newer power technologies like silicon carbide and gallium nitride, along with advanced packaging, aims to improve efficiency and size — key selling points in electric vehicles, renewable energy, and dense electronics. Automotive‑grade components and networking chips for in‑vehicle systems deepen its presence in a demanding, higher‑barrier market. Strategic acquisitions have also been used to expand the product set. The opportunity is significant, but success depends on keeping pace with rapid technological change and converting these developments into sustained volumes at good margins.

Summary

Diodes shows a classic cyclical semiconductor profile: strong revenue and profits during the recent upturn, followed by a marked slowdown and margin compression as the cycle turned. Against that, it has steadily strengthened its balance sheet, reduced debt, and maintained positive cash flow while continuing to invest. Competitively, it is positioned more in diversified, application‑specific and power‑focused products than in cutting‑edge processors, which can mean somewhat steadier demand and deeper customer ties, especially in automotive and industrial markets. Its ongoing push into automotive, power efficiency, and advanced materials offers long‑term growth avenues, but nearer‑term results remain exposed to the broader chip cycle and pricing pressure. Monitoring how quickly margins recover as demand normalizes — and how well new products gain traction — will be key to judging the durability of its current strategy.

NEWS

November 20, 2025 · 9:00 AM UTC

Boost Controller from Diodes Incorporated Featuring Four-Channel Current Sinks and Diagnostic Functions for Backlighting in Automotive Applications

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November 13, 2025 · 4:05 PM UTC

Diodes Incorporated to Participate at Upcoming Financial Conferences

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November 6, 2025 · 4:05 PM UTC

Diodes Incorporated Reports Third Quarter Fiscal 2025 Financial Results

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October 29, 2025 · 9:00 AM UTC

Diodes Incorporated Secures Top Recognition from Resilinc for Supply Chain Excellence

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October 23, 2025 · 9:00 AM UTC

Automotive-Compliant Retimer from Diodes Incorporated Meets the Rigorous Demands for High-Speed USB and DisplayPort Connectivity in Vehicles

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