Diodes Incorporated (DIOD) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$0.61	$0.7	+14.8%	—	$445.5M	—
Q1 26	$0.33	$0.43	+30.3%	—	$405.5M	—
Q4 25	$0.27	$0.34	+25.9%	—	$391.6M	—
Q3 25	$0.38	$0.37	-2.6%	—	$392.2M	—
Q2 25	$0.25	$0.32	+28.0%	—	$366.2M	—
Q1 25	$0.15	$0.19	+26.7%	—	$332.1M	—
Q4 24	$0.32	$0.27	-15.6%	—	$339.3M	—
Q3 24	$0.42	$0.43	+2.4%	—	$350.1M	—
Q2 24	$0.35	$0.33	-5.7%	—	$319.8M	—
Q1 24	$0.3	$0.28	-6.7%	—	$302M	—
Q4 23	$0.49	$0.51	+4.1%	—	$322.7M	—
Q3 23	$1.22	$1.13	-7.4%	—	$404.6M	—
Q2 23	$1.57	$1.59	+1.3%	—	$467.2M	—
Q1 23	$1.47	$1.59	+8.2%	—	$467.2M	—
Q4 22	$1.61	$1.73	+7.5%	—	$496.2M	—
Q3 22	$1.88	$2	+6.4%	—	$521.3M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$1.43	—	—	$1.5B	—
FY24	—	$0.95	—	—	$1.3B	—
FY23	—	$4.96	—	—	$1.7B	—
FY22	—	$7.31	—	—	$2B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$942.2M	$1.1B	$1.2B	$1.2B	$1.2B	$1.8B	$2B	$1.7B	$1.3B	$1.5B
YoY change	+11%	+11.9%	+15.2%	+2.89%	-1.59%	+46.9%	+10.8%	-16.9%	-21.1%	+13%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	942.2M	1.1B	1.2B	1.2B	1.2B	1.8B	2B	1.7B	1.3B	1.5B
Cost of revenue	655.2M	697.4M	778.7M	783.3M	798.1M	1.1B	1.2B	1B	875.3M	1B
Gross profit	286.9M	356.8M	435.3M	465.8M	431.1M	670.4M	827.2M	658.2M	435.9M	462.4M
Gross margin	30.5%	33.8%	35.9%	37.3%	35.1%	37.1%	41.3%	39.6%	33.2%	31.2%
Research & development	69.9M	77.9M	86.3M	88.5M	94.3M	119.2M	126.3M	134.9M	134.1M	162.2M
Selling, general & administrative	158.3M	168.6M	176.2M	181.3M	185.1M	257.7M	280.9M	257.9M	233.9M	241.6M
Operating expenses	228.3M	246.5M	263.1M	271.6M	280.4M	377.9M	407.1M	392.8M	368M	403.8M
Operating income	38.1M	91.5M	153.8M	176.2M	134.4M	276.2M	404.5M	250.1M	51.4M	36.4M
Operating margin	4.05%	8.68%	12.7%	14.1%	10.9%	15.3%	20.2%	15.1%	3.92%	2.46%
Non-operating income, net	-1.2M	-16.9M	4M	27.8M	-3.5M	43.2M	-4M	20.2M	-4.7M	22M
Pretax income	25M	62.6M	150M	198.2M	120.3M	315.1M	395.9M	277.9M	62.7M	84M
Income tax	6.6M	62.3M	44.6M	44.1M	21.1M	78.8M	56.7M	47.3M	11.8M	14.8M
Net income	18.5M	266K	105.4M	154.1M	99.2M	236.3M	339.3M	230.6M	50.8M	69.2M
Net margin	1.96%	0.03%	8.68%	12.3%	8.07%	13.1%	17%	13.9%	3.88%	4.67%
EBITDA	138.4M	191.8M	267.6M	295M	247.8M	419.4M	542.8M	407.5M	209.7M	207.8M
EPS	0.33	-0.04	2.09	3.02	1.92	5.11	7.31	4.96	0.95	1.43
Diluted EPS	0.32	-0.04	2.04	2.96	1.88	5	7.2	4.91	0.95	1.43

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	404.6M	322.7M	302M	319.8M	350.1M	339.3M	332.1M	366.2M	392.2M	391.6M	405.5M	445.5M
Cost of revenue	248.8M	210.2M	202.4M	212.4M	232.1M	228.4M	227.4M	250.9M	271.7M	269.6M	276.7M	298M
Gross profit	155.9M	112.5M	99.6M	107.4M	118M	110.9M	104.7M	115.3M	120.5M	121.9M	128.8M	147.6M
Gross margin	38.5%	34.9%	33%	33.6%	33.7%	32.7%	31.5%	31.5%	30.7%	31.1%	31.8%	33.1%
Research & development	34.1M	33M	34M	33.2M	33.7M	33.2M	38.6M	40.5M	41.9M	41.1M	40.6M	40.7M
Selling, general & administrative	63M	56.5M	53.7M	58.5M	59.4M	62.3M	58.7M	59.5M	60.5M	62.9M	64.3M	69.8M
Operating expenses	95.6M	91M	87.7M	91.7M	93.1M	95.5M	97.6M	100M	102.4M	104.1M	104.9M	110.4M
Operating income	56.4M	17.7M	8.1M	11.9M	21.1M	10.4M	1.3M	9.5M	12.3M	13.1M	19.9M	33.2M
Operating margin	13.9%	5.48%	2.67%	3.71%	6.03%	3.05%	0.38%	2.59%	3.13%	3.35%	4.91%	7.46%
Non-operating income, net	458K	5.8M	6.6M	-2.5M	-6.4M	-2.5M	-9.4M	37.2M	-1.2M	-4.3M	-2.2M	19.5M
Pretax income	60.5M	27.9M	18.8M	12.8M	18.8M	12.3M	-2.8M	53.2M	19M	14.5M	22.4M	58M
Income tax	10.7M	2.8M	3.5M	2.6M	3.6M	2M	20K	9.1M	3.6M	2.2M	4M	6.8M
Net income	49.8M	25.1M	15.3M	10.2M	15.2M	10.2M	-2.8M	44.2M	15.5M	12.3M	16.1M	48.8M
Net margin	12.3%	7.78%	5.06%	3.18%	4.34%	3.01%	-0.84%	12.1%	3.95%	3.15%	3.97%	10.9%
EBITDA	97.1M	60.6M	48M	50.5M	59.9M	51.4M	43.6M	52.8M	57.9M	53.3M	60.6M	74.5M
EPS	1.06	0.55	0.3	0.17	0.3	0.18	-0.1	0.99	0.31	0.22	0.33	1.02
Diluted EPS	1.05	0.55	0.3	0.17	0.3	0.18	-0.1	0.99	0.31	0.22	0.32	1

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	1.2B	1.4B	1.6B	2.9B	3.6B	—	3.5B	3.7B	2.8B	2.3B	4.4B
Enterprise value	1.4B	1.5B	1.6B	2.8B	3.8B	—	3.3B	3.5B	2.6B	2B	4.1B
Shares outstanding	48.6M	48.8M	49.8M	50.8M	51M	44.8M	45.3M	45.8M	46.2M	46.3M	46.3M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	67.5	5.3K	15.3	18.6	36.2	—	10.2	16	56	33.1	51.1
P/S	1.32	1.33	1.32	2.29	2.93	—	1.73	2.22	2.17	1.54	2.68
P/B	1.52	1.6	1.64	2.48	3.54	—	2.18	2.04	1.52	1.18	2.23
EV/EBITDA	10.1	7.61	5.92	9.33	15.4	—	6.12	8.49	12.5	9.65	18.7
EV/Sales	1.48	1.39	1.3	2.2	3.1	—	1.66	2.08	2	1.35	2.53
Earnings yield	1.48%	0.02%	6.56%	5.38%	2.76%	—	9.83%	6.25%	1.78%	3.03%	1.96%
FCF yield	5.31%	5%	6.1%	4.59%	3.1%	—	5.24%	3.53%	1.63%	6%	3.98%
PEG	—	—	—	—	—	—	—	—	—	—	16.9

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	30.5%	33.8%	35.9%	37.3%	35.1%	37.1%	41.3%	39.6%	33.2%	31.2%	33.1%
Operating margin	4.05%	8.68%	12.7%	14.1%	10.9%	15.3%	20.2%	15.1%	3.92%	2.46%	7.46%
Net margin	1.96%	0.03%	8.68%	12.3%	8.07%	13.1%	17%	13.9%	3.88%	4.67%	5.27%
ROE	2.25%	0.03%	10.8%	13.4%	9.77%	18.1%	21.4%	12.7%	2.72%	3.57%	4.68%
ROA	1.21%	0.02%	6.91%	9.4%	5.01%	10.8%	14.8%	9.74%	2.13%	2.83%	1.95%
ROIC	2.9%	0.04%	11.3%	13.1%	9.01%	16.3%	23.9%	13.1%	2.54%	1.81%	4.02%
Return on tangible assets	2.01%	0.03%	10.7%	13.8%	6.88%	13.9%	18.4%	11.8%	2.69%	3.48%	4.32%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	3.95	2.68	2.89	2.84	2.01	2.52	2.69	3.02	3.26	3.32	3.17
Quick ratio	2.91	1.8	2.04	2.01	1.41	1.78	1.85	2.03	1.99	2.08	1.99
Debt / equity	0.52	0.31	0.23	0.13	0.48	0.26	0.13	0.05	0.05	0.05	0.04
Debt / assets	0.28	0.18	0.15	0.09	0.25	0.15	0.09	0.04	0.04	0.04	0.03
Net debt / EBITDA	1.08	0.32	-0.09	-0.38	0.86	-0.08	-0.24	-0.56	-1.07	-1.35	-1.43
Interest coverage	2.89	5.65	16.1	26.1	11.3	43.1	48.6	49.8	27.9	31.2	41.4
Effective tax rate	26.2%	99.6%	29.7%	22.3%	17.5%	25%	14.3%	17%	18.9%	17.6%	14.5%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	19.4	21.6	24.4	24.6	24.1	40.3	44.1	36.3	28.4	32	35.5
EPS (basic)	0.33	-0.04	2.09	3.02	1.92	5.11	7.31	4.96	0.95	1.43	1.43
EPS (diluted)	0.32	-0.04	2.04	2.96	1.88	5	7.2	4.91	0.95	1.43	1.86
Book value per share	16.9	17.9	19.6	22.7	19.9	29.1	34.9	39.5	40.4	41.8	42.6
FCF per share	1.36	1.43	1.97	2.58	2.18	4.41	3.99	2.84	1	2.96	3.07
Cash per share	5.71	4.27	4.99	5.18	5.38	8.27	7.58	7.11	6.84	8.14	9.55
Capex per share	1.2	2.25	1.75	1.36	1.48	3.08	4.66	3.23	1.56	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	6.2%	10.4%	7.17%	5.53%	6.15%	7.64%	10.6%	8.91%	5.51%	—	—
Capex / operating cash flow	52.9%	64.7%	41.1%	27.6%	36.3%	39.6%	59.3%	44.9%	61.4%	—	—
Payout ratio	—	—	—	—	—	—	—	—	—	—	0%

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$404.6M	$322.7M	$302M	$319.8M	$350.1M	$339.3M	$332.1M	$366.2M	$392.2M	$391.6M	$405.5M	$445.5M
YoY change	-22.4%	-35%	-35.4%	-31.5%	-13.5%	+5.14%	+9.98%	+14.5%	+12%	+15.4%	+22.1%	+21.7%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	277.6M	208.4M	248.6M	263.2M	274.2M	370.1M	343.8M	325.6M	316.1M	377M
Receivables	217.2M	200.1M	228.4M	260.3M	320.1M	358.5M	369.2M	371.9M	325.5M	307.1M
Inventory	193.5M	216.5M	215.4M	236.5M	307.1M	348.6M	360.3M	389.8M	474.9M	471.5M
Total current assets	732.8M	662.3M	734.8M	810M	1B	1.2B	1.2B	1.2B	1.2B	1.3B
Property, plant & equipment	209.7M	256.1M	238.7M	241.1M	263.1M	305.1M	412.8M	405.7M	331.6M	282.9M
Goodwill & intangibles	608.6M	581.3M	540.7M	521.7M	537.8M	488.9M	447.8M	421M	497.9M	457.8M
Total assets	1.5B	1.5B	1.5B	1.6B	2B	2.2B	2.3B	2.4B	2.4B	2.4B
Accounts payable	87.6M	108M	117.8M	122.1M	168M	221.3M	160.4M	158.3M	133.8M	149.4M
Short-term debt	14.4M	21.6M	37.9M	59.9M	173.2M	46.7M	45.4M	54M	43.4M	42.4M
Total current liabilities	185.4M	247.2M	254M	285.3M	509.8M	471M	432.5M	393.5M	375.6M	378.3M
Long-term debt	413.1M	247.5M	186.1M	92.1M	315.2M	287.9M	168.3M	44.4M	48.3M	53.2M
Total liabilities	708.1M	614.8M	548.9M	486.6M	963.3M	891.8M	705.4M	558M	517.3M	509.7M
Shareholders' equity	820.5M	873.9M	977.4M	1.2B	1B	1.3B	1.6B	1.8B	1.9B	1.9B
Total debt	427.5M	269.1M	224M	152M	488.5M	334.6M	213.7M	98.4M	91.7M	95.6M
Net debt	179.7M	65.3M	-17M	-106.4M	220.4M	-29M	-123.1M	-217.1M	-217M	-271.6M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	304.9M	325.6M	276M	273.9M	319.3M	316.1M	343.9M	327.3M	386.4M	377M	404.3M	440M
Receivables	414.2M	371.9M	391.5M	385M	358.9M	325.5M	302.2M	313.5M	303.8M	307.1M	304.5M	310.3M
Inventory	343.7M	389.8M	429.4M	461.5M	482M	474.9M	471M	482.7M	470.9M	471.5M	492.8M	504.6M
Total current assets	1.2B	1.2B	1.2B	1.2B	1.3B	1.2B	1.2B	1.2B	1.3B	1.3B	1.3B	1.4B
Property, plant & equipment	—	405.7M	—	—	—	331.6M	—	—	—	282.9M	700.8M	708.7M
Goodwill & intangibles	422.4M	421M	413.8M	406M	404.4M	497.9M	487.7M	483.2M	466.8M	457.8M	447.4M	440.1M
Total assets	2.3B	2.4B	2.4B	2.4B	2.4B	2.4B	2.4B	2.5B	2.5B	2.4B	2.5B	2.6B
Accounts payable	161.1M	158.3M	149.2M	156.7M	150.2M	133.8M	135.6M	148.3M	146.9M	149.4M	169.2M	183.5M
Short-term debt	30.6M	54M	50.2M	27.7M	37.1M	43.4M	32.4M	29.1M	37.9M	42.4M	43.8M	32M
Total current liabilities	414.9M	393.5M	377.3M	361M	352.8M	375.6M	356.9M	373.6M	383.8M	378.3M	411.4M	429.4M
Long-term debt	22.6M	44.4M	19.6M	19M	20.7M	48.3M	19.1M	24.9M	20.1M	53.2M	61.1M	57M
Total liabilities	581.3M	558M	531.4M	509.5M	506.1M	517.3M	484.5M	537.4M	522.4M	509.7M	546.9M	561.1M
Shareholders' equity	1.8B	1.8B	1.8B	1.9B	1.9B	1.9B	1.9B	1.9B	1.9B	1.9B	2B	2B
Total debt	53.2M	98.4M	69.8M	46.7M	57.9M	91.7M	51.6M	54M	58M	95.6M	104.9M	89M
Net debt	-241.8M	-217.1M	-196.4M	-218M	-254M	-217M	-284.2M	-263.1M	-318.6M	-271.6M	-289.2M	-341.4M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	18.5M	266K	105.4M	154.1M	99.2M	236.3M	339.3M	230.6M	50.8M	69.2M
Depreciation & amortization	99M	95.7M	104.6M	109.6M	108M	122.4M	127.8M	137.3M	137.1M	143.7M
Stock-based compensation	14M	18.6M	20.7M	20.5M	25.3M	33.2M	36.3M	30.9M	22.8M	25.7M
Change in working capital	-8.9M	31.4M	-21M	-44M	-12M	-67.1M	-104.5M	-50.5M	-79.8M	57.6M
Operating cash flow	110.3M	169.9M	211.7M	250.8M	208.3M	348.3M	356.5M	329.4M	117.5M	215.5M
Capital expenditure	-58.4M	-109.9M	-87.1M	-69.1M	-75.6M	-138M	-211.3M	-148M	-72.2M	—
Investing cash flow	-26.4M	-78.9M	-88.9M	-100.4M	-106.8M	-144.2M	-265.3M	-158.3M	-118M	-44.8M
Dividends paid	—	—	—	—	—	—	—	—	—	—
Share repurchases	-18M	-8.7M	0	0	-296.7M	0	0	—	—	-33.8M
Financing cash flow	-72.5M	-160.6M	-54.7M	-119.8M	-94.8M	-304.5M	-219.1M	-169.1M	-117.6M	-116.6M
Net change in cash	11.4M	-69.5M	68M	30.6M	6.7M	-100.5M	-127.9M	2M	-118.1M	54.1M
Free cash flow	66.2M	70M	98.1M	131.3M	111.4M	197.3M	180.8M	130.1M	46.4M	137.2M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	49.8M	25.1M	15.3M	10.2M	15.2M	10.2M	-2.8M	44.2M	15.5M	12.3M	16.1M	48.8M
Depreciation & amortization	34.8M	34.6M	34.8M	33.8M	33.6M	34.9M	35.9M	35.9M	36.7M	35.3M	35.2M	35.2M
Stock-based compensation	6M	7.5M	5.1M	4.2M	6.8M	6.7M	6.4M	5.8M	6.8M	6.7M	7.6M	11.3M
Change in working capital	-47.2M	23.8M	-64.8M	-22.5M	8.9M	-1.3M	29.8M	4.4M	21.9M	1.6M	764K	-7.7M
Operating cash flow	39.4M	76.8M	-13.3M	23.3M	60.9M	46.7M	64.6M	41.5M	79.1M	38.1M	64.3M	68.5M
Capital expenditure	-36.8M	-26.6M	-20.3M	-17.9M	-14.1M	-20M	-15.8M	—	—	—	—	—
Investing cash flow	-31.9M	-29M	-18.3M	-13.8M	-18M	-12.5M	-28.5M	-35.3M	932K	2.2M	-4.9M	-5.1M
Dividends paid	—	—	—	—	—	—	—	—	—	—	—	—
Share repurchases	—	—	—	—	—	—	—	—	0	-23.8M	—	—
Financing cash flow	-53.4M	2.8M	3.2M	-86.4M	-4.7M	-29.7M	-4.5M	-38.5M	-12.7M	-51M	-14.8M	-16.6M
Net change in cash	-45.9M	50.7M	-28.4M	-76.9M	38.1M	4.5M	31.7M	-32.2M	67.4M	-10.7M	44.6M	46.8M
Free cash flow	11.6M	11.1M	-51.5M	-3.5M	39.4M	62.1M	40.8M	21.1M	62.8M	12.4M	32.4M	34.8M

Diodes Incorporated Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement