Tearsheet

Diodes (DIOD)

Market Price (12/4/2025): $51.4 | Market Cap: $2.4 Bil
Sector: Information Technology | Industry: Semiconductors

Diodes (DIOD)

Market Price (12/4/2025): $51.4
Market Cap: $2.4 Bil
Sector: Information Technology
Industry: Semiconductors

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow

0	Cash is significant % of market cap Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -13%	Weak multi-year price returns 2Y Excs Rtn is -75%, 3Y Excs Rtn is -114%	Weak revenue growth Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -8.8%
1	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 18%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 13%
2	Attractive yield FCF Yield is 7.6%
3	Megatrend and thematic drivers Megatrends include Electric Vehicles & Autonomous Driving, Artificial Intelligence, and Automation & Robotics. Themes include EV Manufacturing, Show more.

0	Cash is significant % of market cap Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -13%
1	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 18%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 13%
2	Attractive yield FCF Yield is 7.6%
3	Megatrend and thematic drivers Megatrends include Electric Vehicles & Autonomous Driving, Artificial Intelligence, and Automation & Robotics. Themes include EV Manufacturing, Show more.
4	Weak multi-year price returns 2Y Excs Rtn is -75%, 3Y Excs Rtn is -114%
5	Weak revenue growth Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -8.8%

Valuation, Metrics & Events

	12/4/25	2024	2023	2022	2021
Share Price CYE	$51.40	$61.67	$80.52	$76.14	$109.81
Market Cap CYE ($ Bil)	2.4	2.9	3.7	3.5	4.9
Total Debt ($ Bil)	0.1	0.1	0.1	0.2	0.3
Total Cash ($ Bil)	0.4	0.3	0.3	0.3	0.4
Enterprise Value ($ Bil)	2.1	3.0	3.8	3.7	5.2
Valuation Ratios
P/S TTM	1.7	2.2	2.2	1.7	2.7
P/EBIT TTM	29.5	43.8	13.0	8.5	15.2
P/E TTM	38.5	64.7	16.2	10.4	21.5
Sector Ratios
P/S TTM (Sector)	0.0	0.0	0.0	0.0	0.0
P/EBIT TTM (Sector)	0.0	0.0	0.0	0.0	0.0
P/E TTM (Sector)	0.0	0.0	0.0	0.0	0.0

	12/4/25	2024	2023
Share Price CYE	$51.40	$61.67	$80.52
Market Cap CYE ($ Bil)	2.4	2.9	3.7
Total Debt ($ Bil)	0.1	0.1	0.1
Total Cash ($ Bil)	0.4	0.3	0.3
Enterprise Value ($ Bil)	2.1	3.0	3.8
Valuation Ratios
P/S TTM	1.7	2.2	2.2
P/EBIT TTM	29.5	43.8	13.0
P/E TTM	38.5	64.7	16.2
Sector Ratios
P/S TTM (Sector)	0.0	0.0	0.0
P/EBIT TTM (Sector)	0.0	0.0	0.0
P/E TTM (Sector)	0.0	0.0	0.0

	DIOD	S&P 500
REVENUE GROWTH
Rev LTM ($ Bil)	1.4
Rev Chg Q	12.0%	7.1%
Rev Chg LTM	10.4%	6.1%
Rev Chg 3Y Avg	-8.8%	5.5%
PROFITABILITY	VERY POOR
Op Inc LTM ($ Bil)	0.0
CFO LTM ($ Bil)	0.3
Net Inc LTM ($ Bil)	0.1
Op Mgn LTM	2.3%	18.8%
CFO/Rev LTM	18.1%	20.5%
Net Inc Mgn	4.5%	13.1%
VALUATION	MODERATE
P/S	1.7	3.2
P/CFO	9.5	15.8
P/FCF	13.2	20.5
P/E	38.5	23.5
STABILITY	VERY GOOD
Debt/Equity	0.02	0.20
Cash/Assets	0.16	0.07

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Metric	Value	Date	Source
Number of products (SKU) shipped in 2024	>28K	12312024	Link
Number of units shipped in 2024	>39Bn	12312024	Link
Number of employees	~8400	2112025	Link
Percentage of product revenue from automotive/industrial	42%	12312024	Link
Number of customers	>50K	2112025	Link
New part numbers introduced	755	12312024	Link
New automotive-specific part numbers introduced	330	12312024	Link

Recent
11/06/2025	Earnings Release	Rev: $392 Mil (A) vs. $380 Mil (E) EPS: 0.37 (A) vs. $0.38 (E)
Upcoming
2/10/2026	Earnings Release	Rev: - EPS: -

DIOD Stock

Return (1M):

Why The Stock Moved

Qualitative Assessment

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Here are the key points for why Diodes (DIOD) stock moved by -5.7% for the approximate time period from August 31, 2025, to December 4, 2025:

1. Diodes Incorporated reported a significant sequential decline in GAAP net income for the third quarter of fiscal year 2025. The company's GAAP net income was $14.3 million, or $0.31 per diluted share, in Q3 2025, a notable decrease from $46.1 million, or $0.99 per diluted share, reported in the second quarter of 2025.

2. The GAAP gross profit margin decreased in Q3 2025 compared to prior periods. The gross profit margin stood at 30.7% in the third quarter of 2025, which was lower than 31.5% in the second quarter of 2025 and 33.7% in the third quarter of 2024. This indicates pressure on profitability.

Stock Movement Drivers

Fundamental Drivers

The -2.5% change in DIOD stock from 9/3/2025 to 12/3/2025 was primarily driven by a -3.3% change in the company's P/E Multiple.

	9032025	12032025	Change
Stock Price ($)	52.65	51.33	-2.51%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	1387.70	1429.79	3.03%
Net Income Margin (%)	4.59%	4.49%	-2.13%
P/E Multiple	38.38	37.10	-3.35%
Shares Outstanding (Mil)	46.40	46.38	0.03%
Cumulative Contribution			-2.51%

LTM = Last Twelve Months as of date shown

Market Drivers

9/3/2025 to 12/3/2025

	Return	Correlation
DIOD	-2.5%
Market (SPY)	6.2%	54.5%
Sector (XLK)	11.0%	48.0%

Fundamental Drivers

The 7.1% change in DIOD stock from 6/4/2025 to 12/3/2025 was primarily driven by a 135.6% change in the company's Net Income Margin (%).

	6042025	12032025	Change
Stock Price ($)	47.92	51.33	7.12%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	1341.26	1429.79	6.60%
Net Income Margin (%)	1.90%	4.49%	135.65%
P/E Multiple	86.97	37.10	-57.35%
Shares Outstanding (Mil)	46.37	46.38	-0.03%
Cumulative Contribution			7.12%

LTM = Last Twelve Months as of date shown

Market Drivers

6/4/2025 to 12/3/2025

	Return	Correlation
DIOD	7.1%
Market (SPY)	15.1%	53.7%
Sector (XLK)	22.7%	47.8%

Fundamental Drivers

The -19.4% change in DIOD stock from 12/3/2024 to 12/3/2025 was primarily driven by a -23.2% change in the company's P/E Multiple.

	12032024	12032025	Change
Stock Price ($)	63.65	51.33	-19.36%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	1294.52	1429.79	10.45%
Net Income Margin (%)	4.72%	4.49%	-4.86%
P/E Multiple	48.28	37.10	-23.17%
Shares Outstanding (Mil)	46.33	46.38	-0.11%
Cumulative Contribution			-19.36%

LTM = Last Twelve Months as of date shown

Market Drivers

12/3/2024 to 12/3/2025

	Return	Correlation
DIOD	-19.4%
Market (SPY)	14.3%	61.8%
Sector (XLK)	23.1%	61.0%

Fundamental Drivers

The -43.9% change in DIOD stock from 12/4/2022 to 12/3/2025 was primarily driven by a -70.8% change in the company's Net Income Margin (%).

	12042022	12032025	Change
Stock Price ($)	91.55	51.33	-43.93%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	1984.54	1429.79	-27.95%
Net Income Margin (%)	15.36%	4.49%	-70.77%
P/E Multiple	13.66	37.10	171.54%
Shares Outstanding (Mil)	45.48	46.38	-2.00%
Cumulative Contribution			-43.95%

LTM = Last Twelve Months as of date shown

Market Drivers

12/4/2023 to 12/3/2025

	Return	Correlation
DIOD	-26.0%
Market (SPY)	53.2%	59.8%
Sector (XLK)	60.2%	57.8%

Return vs. Risk

Price Returns Compared

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
DIOD Return	25%	56%	-31%	6%	-23%	-24%	-17%
Peers Return	35%	35%	-23%	40%	-3%	56%	197%
S&P 500 Return	16%	27%	-19%	24%	23%	16%	112%
Monthly Win Rates [3]
DIOD Win Rate	58%	75%	33%	67%	50%	40%
Peers Win Rate	62%	55%	40%	63%	43%	48%
S&P 500 Win Rate	58%	75%	42%	67%	75%	70%
Max Drawdowns [4]
DIOD Max Drawdown	-41%	-2%	-44%	-20%	-34%	-44%
Peers Max Drawdown	-35%	-4%	-35%	-4%	-13%	-25%
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: MU, AMAT, TXN, ADI, MCHP. See DIOD Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/3/2025 (YTD)

How Low Can It Go

Unique Key	Event	DIOD	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-46.0%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	85.1%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	Not Fully Recovered days	464 days
2020 Covid Pandemic	2020 Covid Pandemic
2020 Covid Pandemic% Loss	% Loss	-43.8%	-33.9%
2020 Covid Pandemic% Gain to Breakeven	% Gain to Breakeven	78.0%	51.3%
2020 Covid PandemicTime to Breakeven	Time to Breakeven	195 days	148 days
2018 Correction	2018 Correction
2018 Correction% Loss	% Loss	-28.6%	-19.8%
2018 Correction% Gain to Breakeven	% Gain to Breakeven	40.0%	24.7%
2018 CorrectionTime to Breakeven	Time to Breakeven	147 days	120 days
2008 Global Financial Crisis	2008 Global Financial Crisis
2008 Global Financial Crisis% Loss	% Loss	-90.1%	-56.8%
2008 Global Financial Crisis% Gain to Breakeven	% Gain to Breakeven	909.0%	131.3%
2008 Global Financial CrisisTime to Breakeven	Time to Breakeven	3261 days	1480 days

Compare to MU, AMAT, TXN, ADI, MCHP

In The Past

Diodes's stock fell -46.0% during the 2022 Inflation Shock from a high on 12/27/2021. A -46.0% loss requires a 85.1% gain to breakeven.

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About Diodes (DIOD)

Diodes Incorporated designs, manufactures, and supplies application-specific standard products in the discrete, logic, analog, and mixed-signal semiconductor markets worldwide. It focuses on low pin count semiconductor devices with one or more active or passive components. The company offers discrete semiconductor products, such as MOSFET, TVS, and performance Schottky rectifiers; GPP bridges and retifiers, and performance Schottky diodes; Zener and performance Zener diodes, including tight tolerance and low operating current type; standard, fast, super-fast, and ultra-fast recovery rectifiers; bridge rectifiers; switching diodes; small signal bipolar and prebiased transistors; thyristor surge protection devices; and transient voltage suppressors. It also provides analog products, such as power management devices comprising AC-DC and DC-DC converters, USB power switches, and low dropout and linear voltage regulators; linear devices, such as operational amplifiers and comparators, current monitors, voltage references, and reset generators; LED lighting drivers; audio amplifiers; and sensor products, including hall-effect sensors and motor drivers. The company offers mixed-signal products, such as high speed mux/demux products, digital switches, interfaces, redrivers, universal level shifters/voltage translator, clock ICs, and packet switches; standard logic products comprising low-voltage complementary metaloxidesemiconductor (CMOS) and high-speed CMOS devices; ultra-low power CMOS logic products and analog switches; multichip products and co-packaged discrete, analog, and mixed-signal silicon in miniature packages; silicon and silicon epitaxial wafers; and crystals and oscillators. It sells its products to the consumer electronics, computing, communications, industrial, and automotive markets through direct sales, marketing personnel, independent sales representatives, and distributors. The company was incorporated in 1959 and is headquartered in Plano, Texas.

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Here are 1-3 brief analogies to describe Diodes (DIOD) succinctly:

A more focused Texas Instruments (TI): They supply the essential power management and discrete components (like diodes, transistors, and voltage regulators) found in virtually all electronic devices, much like TI does across a broader spectrum.
The "electrical plumbing" supplier for the tech world: Akin to a company like ON Semiconductor (ON), Diodes provides the foundational chips that manage power and signals, which are indispensable for everything from consumer gadgets to industrial equipment to function.
The "nuts and bolts" semiconductor provider: Think of them as the company making the basic, yet critical, building block components – from simple logic gates to complex power controllers – that every electronic product needs, similar to a diversified Microchip Technology (MCHP).

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Diodes: A comprehensive range of discrete diodes including rectifiers, Zener diodes, Schottky diodes, and transient voltage suppressors.
Transistors: Various discrete transistors such as BJTs and MOSFETs used for switching and amplification in electronic circuits.
Power Management ICs: Integrated circuits designed to efficiently regulate and control power in electronic devices, including LDOs, DC-DC converters, and LED drivers.
Analog and Mixed-Signal Products: Circuits for signal conditioning, data conversion, and timing, encompassing amplifiers, comparators, voltage references, and clock ICs.
Logic Devices: Standard integrated circuits that perform fundamental digital functions for processing and control in electronic systems.

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Diodes (Symbol: DIOD) - Major Customers

The public company Diodes (symbol: DIOD) sells primarily to other companies (business-to-business, or B2B), providing discrete, logic, analog, and mixed-signal semiconductors. Diodes Inc. does not disclose specific customer names that account for 10% or more of its consolidated net revenue in its public filings (such as its annual 10-K reports). This indicates a diversified customer base, meaning no single customer is considered a "major customer" requiring individual disclosure. Therefore, specific customer company names and their stock symbols cannot be listed. However, Diodes' products are integral components for manufacturers across various industries, which represent its primary customer categories:

Automotive Sector: Customers include manufacturers of vehicles and automotive electronics suppliers. Diodes' products are used in applications such as infotainment systems, advanced driver-assistance systems (ADAS), electric vehicle (EV) charging infrastructure, automotive lighting, and powertrain management.
Industrial Sector: This category encompasses companies that produce a wide range of industrial equipment, including factory automation systems, power supplies, motor control units, building control systems, and medical devices.
Consumer Electronics and Computing Sector: Customers here are manufacturers of diverse electronic devices, including smartphones, tablets, laptops, wearables, and home appliances. This sector also includes companies developing computing solutions such as servers, desktop PCs, and data storage systems.
Communications Sector: This includes companies involved in developing networking equipment, base stations, and other infrastructure for wired and wireless communications.

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Gary Yu

Chief Executive Officer and President Mr. Yu was appointed Chief Executive Officer of Diodes Incorporated in May 2025, having served as President since January 2024. He joined Diodes in 2008 and has held various roles including Chief Operating Officer, Senior Vice President with responsibility for Business Groups and the integration of Lite-On Semiconductor Corporation, President of the Asia Pacific Region, and General Manager of the company's Shanghai wafer fabrication operation. Prior to Diodes, he spent over 10 years at Lite-On Semiconductor Corporation as Vice President of Worldwide Sales and held positions in IT, finance, and capacity planning at Texas Instruments.

Brett Whitmire

Chief Financial Officer Mr. Whitmire assumed his current position as Chief Financial Officer in March 2019. With over 35 years of industry experience, he has been with Diodes for more than 14 years. Before becoming CFO, he was the Corporate Controller and Principal Accounting Officer, and previously the Director of Global Supply Chain. Mr. Whitmire served as Chief Financial Officer for the Analog & Sensors Division at Freescale Semiconductor. He began his career at Texas Instruments, where he held various finance and operations leadership roles, including seven years as Vice President for the High Volume Analog & Logic Division and as the corporate supply chain head.

Francis Tang

Senior Vice President, Worldwide Discrete Products Mr. Tang was appointed Senior Vice President, Worldwide Discrete Products in November 2020, and prior to that, Vice President, Worldwide Discrete Products in 2006. He served as the company's Global Product Manager starting in 2005. Before joining Diodes, from 2002, Mr. Tang was the general manager of T2 Microelectronics in Shanghai, China, where he managed complex mixed-signal SOC product development. From 1996 to 2001, he was the senior strategic marketing director for Acer Labs, Inc.

Andy (Kuo-Ting) Tsong

Senior Vice President, Worldwide Analog Products Mr. Tsong was appointed Senior Vice President, Worldwide Analog Products in March 2024. He joined Diodes in 2009 as Worldwide Design Engineering Manager for the Analog Business Group. He later led the acquired worldwide Pericom business in November 2015, serving as Division Manager for the Precision Timing and Connectivity organization. In November 2020, he was appointed regional President for the Asia Pacific region, overseeing non-manufacturing functions.

Sheana Chen

Chief Legal Officer, Corporate Compliance Officer, and Vice President of Corporate Operations Ms. Chen joined Diodes in 2020 as Vice President, General Counsel, and Corporate Compliance Officer. In 2024, she took on additional responsibilities for worldwide corporate operations, including Sustainability, Human Resources, Supply Chain, and Global Procurement. Before Diodes, Ms. Chen was the Vice President, Assistant General Counsel with Texas Instruments and a Partner at Baker & McKenzie.

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The emergence and increasing adoption of Wide Bandgap (WBG) semiconductors like Gallium Nitride (GaN) and Silicon Carbide (SiC) is a clear emerging threat. These materials offer superior performance in power electronics, leading to smaller, more efficient, and higher-power-density solutions compared to traditional silicon-based devices that form a significant part of Diodes' product portfolio. This trend is particularly evident and accelerating in high-growth markets such as electric vehicles (EVs), renewable energy infrastructure, data centers, and 5G telecommunications, potentially eroding Diodes' market share in these critical areas if they do not sufficiently adapt or expand their own WBG offerings.

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Diodes Incorporated (DIOD) operates in various semiconductor markets, providing discrete, analog, logic, and mixed-signal products to a range of end-user industries. The addressable markets for their main products and services are substantial and globally distributed.

Main Product Market Sizes (Global)

Discrete Semiconductors: The global discrete semiconductor market was valued at approximately USD 56.26 billion in 2023 and is projected to reach USD 111.62 billion by 2032, growing at a compound annual growth rate (CAGR) of 8.01%. Another source indicates a market size of USD 50.1 billion in 2023, expected to reach USD 119.7 billion by 2033, with a CAGR of 9.1%.
- Power Discrete Semiconductors: This segment, a core part of discrete semiconductors, was valued at approximately USD 20 billion in 2023 and is projected to reach USD 35 billion by 2032, with a CAGR of 6.5%. The broader power discrete and modules market was valued at USD 29.8 billion in 2024 and is expected to reach USD 53.4 billion by 2034, growing at a CAGR of 6.1%.
- TVS Diodes: The global TVS diodes market was valued at USD 2.35 billion in 2024 and is set to reach USD 3.6 billion by 2034, expanding at a CAGR of 4.37% from 2025 to 2034. Another report estimates the TVS and ESD Protection Diodes market size at USD 2267.79 million in 2024, projected to reach USD 3545.97 million by 2033, registering a CAGR of 4.8%.
- MOSFETs: Within the power discrete and modules market, the MOSFET segment alone was valued at USD 8.7 billion in 2024.
Analog Semiconductors: The global analog semiconductor market size was valued at USD 101.22 billion in 2024 and is projected to increase to approximately USD 180.24 billion by 2034, expanding at a CAGR of 5.94% from 2025 to 2034. Another source reported the market size at USD 87.5 billion in 2024, estimated to grow at a 7.4% CAGR from 2025 to 2034.
- Power Management ICs (PMICs): The global power management IC market size was USD 40.86 billion in 2024 and is expected to exceed USD 79.11 billion by 2034, with a CAGR of 6.83% from 2025 to 2034. Another estimate places the PMIC market at USD 38.2 billion in 2024, projected to reach USD 59.1 billion by 2030 with a CAGR of around 7.6%.
Logic Semiconductors: The global logic semiconductor market size accounted for USD 140.7 billion in 2024 and is predicted to increase to approximately USD 231.38 billion by 2034, expanding at a CAGR of 5.10% from 2025 to 2034. Another report indicates a market size of USD 132.68 billion in 2024, projected to reach USD 218.52 billion by 2033, growing at a CAGR of 6.1%.
Mixed-Signal ICs: The global mixed-signal IC market size was valued at USD 127.5 billion in 2024 and is estimated to reach USD 188.7 billion by 2033, exhibiting a CAGR of 4.5% during 2025-2033. Another valuation states the market at USD 129.04 billion in 2024, projected to increase to USD 211.20 billion by 2034 with a CAGR of 5.05%.

Main End-User Market Sizes (Global for Semiconductor Content)

Automotive Market: The global automotive semiconductor market is expected to reach US$78 billion in 2025. It was valued at USD 59.7 billion in 2022 and is projected to reach USD 153.9 billion by 2032, with a CAGR of 10.1% from 2023 to 2032. Another source estimates the market to grow from USD 100.48 billion in 2025 to USD 142.87 billion in 2030, with a 7.29% CAGR.
Industrial Market: The global industrial semiconductors market was valued at USD 88.74 billion in 2024 and is expected to reach USD 235.08 billion by 2032, growing at a CAGR of 12.95% from 2025 to 2032. Another analysis projects the industrial semiconductors market to grow from USD 103.52 billion in 2024 to USD 416.95 billion by 2035, with a CAGR of 13.5%.
Consumer Electronics Market: The consumer electronics semiconductor market size is estimated at USD 99.93 billion in 2025 and is forecast to reach USD 140.75 billion by 2030, advancing at a 7.09% CAGR. The semiconductor device market in the consumer industry is projected to reach approximately USD 150 billion by 2033, growing at a CAGR of 6.5% from 2025 to 2033. Semiconductor device revenue for the mobile and consumer segments reached $296 billion in 2023 and is expected to reach $383 billion in 2030.
Communications Market: While a specific "communications semiconductor market" size was not explicitly found across global reports, the telecommunications segment within the analog semiconductors market is expected to reach USD 11.1 billion by 2034. Furthermore, the deployment of 5G infrastructure and IoT technologies are significant drivers across various semiconductor markets including discrete, analog, logic, and mixed-signal, indicating a substantial addressable market within communications.
Computing Market: The computing semiconductor market, which includes devices for desktops, laptops, and tablets, is expected to reach $121 billion in 2030. The computing segment accounted for 28% of Diodes' product revenue in Q3 2025, driven by AI-related server applications, data centers, and edge computing.

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Expected Drivers of Future Revenue Growth for Diodes (DIOD)

Diodes Inc. (DIOD) is strategically positioned for future revenue growth over the next 2-3 years, driven by several key factors:

Expansion in Automotive and Industrial End Markets: Diodes is consistently focused on increasing its market share and content within the automotive and industrial sectors, which are recognized for their higher margins and stable demand. The company is actively launching new programs in the automotive space and expanding its presence in industrial applications such as AI robotics, power management, medical, and factory automation.
Growing Demand in AI-related Computing Applications: Strong demand from AI-related server applications, data centers, and edge computing is a significant catalyst for revenue growth, particularly with robust performance observed in the Asian market.
New Product Introductions and Innovation: Diodes continues to prioritize new product initiatives, with a notable focus on introducing new part numbers, including those specifically designed for automotive applications. This strategy aims to enhance its product portfolio and capture additional market opportunities across its target segments.
Strong Demand and Growth in Asia: The company has observed strong demand and growth in Asia, particularly in regions like Taiwan and China, driven by AI computing applications. This geographic strength is a significant contributor to Diodes' overall global point of sales.
Favorable Product Mix Optimization: Management anticipates future margin expansion, which will be propelled by an ongoing improvement in the product mix. This improvement is expected as the recovery gains momentum in the higher-margin automotive and industrial end markets, indicating a strategic shift towards more profitable product offerings.

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Share Repurchases

In May 2025, Diodes Incorporated announced a new share repurchase program authorizing up to $100 million of its outstanding common stock.
This program is set to expire on December 31, 2030, unless extended or shortened by the Board of Directors.
The authorization reflects the company's strong cash flow generation, healthy balance sheet, and commitment to delivering shareholder value.

Share Issuance

The company's outstanding common stock increased from 45,938,382 shares at December 31, 2023, to 46,332,891 shares at December 31, 2024.
For the full year 2024, the share count used to compute GAAP diluted EPS was 46.4 million shares.
Non-cash share-based compensation expense was approximately $5.3 million (net of tax) for the fourth quarter of 2024.

Outbound Investments

In 2020, Diodes acquired Lite-On Semiconductor Corporation for approximately $453.4 million, completed on November 30, 2020.
In 2022, Diodes completed the acquisition of onsemi's South Portland, Maine wafer fabrication facility and its operations.
In 2024, Diodes acquired Fortemedia, Inc. for $60.4 million to expand its product portfolio in advanced voice processing technologies, targeting the automotive and compute markets.

Capital Expenditures

Cash capital expenditures for the full year 2024 were $73.0 million, primarily focused on manufacturing expansion.
In 2021, Diodes invested $141.2 million in capital expenditures to support its future expected growth.
For the first quarter of 2025, capital expenditures were reported at $16.3 million.

Better Bets than Diodes (DIOD)

	DIOD	Better Performance than DIOD
Metric	Value	INDUSTRY: Semiconductors
Rev Chg LTM	10.4%	NVDA (71.6%), MU (48.9%), AMD (31.8%), AVGO (28.0%), QCOM (13.7%)
Rev Chg 3Y Avg	-8.8%	NVDA (92.0%), AVGO (24.0%), MU (20.3%), AMD (12.9%), INTC (-7.6%)
Op Mgn LTM	2.3%	NVDA (58.1%), AVGO (39.0%), QCOM (28.0%), MU (26.2%), AMD (9.4%)
CFO/Rev LTM	18.1%	MU (46.9%), NVDA (46.6%), AVGO (42.4%), QCOM (31.6%), AMD (20.0%)
FCF/Rev LTM	13.1%	NVDA (43.6%), AVGO (41.6%), ADI (35.4%), QCOM (28.9%), AMD (17.0%)
Total Yield	2.6%	TXN (6.0%), NXPI (5.4%), QCOM (5.2%), MU (4.8%), ADI (3.3%)
P/S	1.7	CSIQ (0.1), ARRY (0.9), PENG (1.0), AMKR (1.1), SKYT (1.6)
P/Op Inc	73.9	QCOM (14.5), MU (19.1), TXN (27.8), NVDA (40.1), AVGO (55.6)

	DIOD	Better Performance than DIOD
Metric	Value	SECTOR: Information Technology
Rev Chg LTM	10.4%	NVDA (71.6%), PLTR (47.2%), AMD (31.8%), AVGO (28.0%), MSFT (15.6%)
Rev Chg 3Y Avg	-8.8%	NVDA (92.0%), AVGO (24.0%), MSFT (13.2%), ORCL (10.2%), AAPL (1.8%)
Op Mgn LTM	2.3%	NVDA (58.1%), MSFT (46.3%), AVGO (39.0%), AAPL (31.9%), ORCL (31.6%)
CFO/Rev LTM	18.1%	MSFT (50.0%), NVDA (46.6%), AVGO (42.4%), ORCL (36.5%), AAPL (26.6%)
FCF/Rev LTM	13.1%	PLTR (46.0%), NVDA (43.6%), AVGO (41.6%), MSFT (26.6%), AAPL (23.5%)
Total Yield	2.6%	CSCO (6.0%), IBM (5.4%), MSFT (3.4%), AAPL (3.0%), ORCL (2.8%)
P/S	1.7	HPQ (0.4), JBL (0.8), HPE (0.8), DELL (0.8), CTSH (1.6)
P/Op Inc	73.9	MSFT (28.3), AAPL (29.1), ORCL (33.1), NVDA (40.1), AVGO (55.6)

	DIOD	Better Performance than DIOD
Metric	Value	ALL OTHER SECTORS
Rev Chg LTM	10.4%	LLY (36.8%), META (21.3%), MA (14.6%), GOOGL (13.4%), AMZN (10.9%)
Rev Chg 3Y Avg	-8.8%	BRK-B (19.8%), META (17.3%), AMZN (11.3%), GOOGL (11.0%), TSLA (9.3%)
Op Mgn LTM	2.3%	META (43.2%), LLY (43.0%), GOOGL (32.2%), AMZN (11.4%), TSLA (5.1%)
CFO/Rev LTM	18.1%	META (56.8%), MA (56.1%), GOOGL (39.3%), JNJ (26.3%), LLY (20.5%)
FCF/Rev LTM	13.1%	MA (52.5%), META (23.7%), NFLX (20.7%), JNJ (20.3%), GOOGL (19.1%)
Total Yield	2.6%	BRK-B (6.2%), GOOGL (4.6%), META (3.5%), AMZN (3.0%), LLY (2.7%)
P/S	1.7	UNH (0.7), WMT (1.1), XOM (1.4), COST (1.5), CVX (1.6)
P/Op Inc	73.9	META (22.6), GOOGL (23.7), WMT (26.9), LLY (29.9), AMZN (30.7)

		Best Bets In Information Technology Sector
	DIOD
What You Pay
P/E	38.5
P/EBIT	29.5
What You Get
Rev Chg Q	12.0%
Rev Chg LTM	10.4%
Rev Chg 3Y Avg	-8.8%
FCF/Rev 3Y Avg	7.1%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 24%, alpha of 2.9%, and sharpe of 1.04

Latest Trefis Analyses

	Title	Topic	Date
0	DASHBOARDS
1	Diodes Earnings Notes
2	With Diodes Stock Sliding, Have You Assessed The Risk?	Return
3	Diodes vs Microsoft: Which Is A Better Investment?	Counter-Intuitive Comparisons
4	null
5	Better Bet Than DIOD Stock: Pay Less Than Diodes To Get More From NVDA, MSFT
6	Better Bet Than DIOD Stock: Pay Less Than Diodes To Get More From NVDA, MSFT
7	Better Bet Than DIOD Stock: Pay Less Than Diodes To Get More From NVDA, MU
8	Why Diodes Stock Moved: DIOD Stock Has Lost 35% Since 2020 Fiscal End, Primarily Due To Unfavorable Change In Price To Sales Multiple (P/S)
9	DIOD Dip Buy Analysis
10	Diodes Total Shareholder Return (TSR): -23.4% in 2024 and -17.5% 3-yr compounded annual returns (below peer average)
11	ARTICLES
12	After A Dismal Performance Last Month, Diodes Incorporated Looks Set To Rally		December 10th, 2021
13	Up 5% Last Week, Diodes Incorporated Stock Could Continue Its Rise		August 2nd, 2021
14	Strong Q1 2021 Earnings Could Push Diodes Incorporated Stock To $90		May 18th, 2021
15	Weak FY ’20 Performance Could Drag Diodes Incorporated Stock Lower		February 25th, 2021
16	Diodes Incorporated Stock To Return To Early 2020 Levels?		January 14th, 2021

	Title
0	DASHBOARDS
1	Diodes Earnings Notes
2	With Diodes Stock Sliding, Have You Assessed The Risk?
3	Diodes vs Microsoft: Which Is A Better Investment?
4	null
5	Better Bet Than DIOD Stock: Pay Less Than Diodes To Get More From NVDA, MSFT
6	Better Bet Than DIOD Stock: Pay Less Than Diodes To Get More From NVDA, MSFT
7	Better Bet Than DIOD Stock: Pay Less Than Diodes To Get More From NVDA, MU
8	Why Diodes Stock Moved: DIOD Stock Has Lost 35% Since 2020 Fiscal End, Primarily Due To Unfavorable Change In Price To Sales Multiple (P/S)
9	DIOD Dip Buy Analysis
10	Diodes Total Shareholder Return (TSR): -23.4% in 2024 and -17.5% 3-yr compounded annual returns (below peer average)
11	ARTICLES
12	After A Dismal Performance Last Month, Diodes Incorporated Looks Set To Rally
13	Up 5% Last Week, Diodes Incorporated Stock Could Continue Its Rise
14	Strong Q1 2021 Earnings Could Push Diodes Incorporated Stock To $90
15	Weak FY ’20 Performance Could Drag Diodes Incorporated Stock Lower
16	Diodes Incorporated Stock To Return To Early 2020 Levels?

Trade Ideas

Select past ideas related to DIOD. For more, see Trefis Trade Ideas.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
ENPH_11302025_Dip_Buyer_High_CFO_Margins_ExInd_DE	11302025	ENPH	Enphase Energy	Dip Buy	DB \| CFO/Rev \| Low D/EDip Buy with High Cash Flow Margins Buying dips for companies with significant cash flows from operations and reasonable debt / market cap	0.9%	0.9%	-0.9%
PD_11262025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	11262025	PD	PagerDuty	Dip Buy	DB \| FCF Yield \| Low D/EDip Buy with High Free Cash Flow Yield Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap	0.8%	0.8%	0.0%
CRM_11212025_Dip_Buyer_FCFYield	11212025	CRM	Salesforce	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	3.3%	3.3%	-0.1%
HUBS_11212025_Dip_Buyer_High_CFO_Margins_ExInd_DE	11212025	HUBS	HubSpot	Dip Buy	DB \| CFO/Rev \| Low D/EDip Buy with High Cash Flow Margins Buying dips for companies with significant cash flows from operations and reasonable debt / market cap	5.1%	5.1%	0.0%
FIVN_11212025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	11212025	FIVN	Five9	Dip Buy	DB \| FCF Yield \| Low D/EDip Buy with High Free Cash Flow Yield Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap	4.0%	4.0%	0.0%
DIOD_10312023_Dip_Buyer_FCFYield	10312023	DIOD	Diodes	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	12.2%	-6.0%	-9.9%
DIOD_4302022_Dip_Buyer_FCFYield	04302022	DIOD	Diodes	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	-0.9%	9.1%	-16.5%

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
ENPH_11302025_Dip_Buyer_High_CFO_Margins_ExInd_DE	11302025	ENPH	Enphase Energy	Dip Buy	DB \| CFO/Rev \| Low D/EDip Buy with High Cash Flow Margins Buying dips for companies with significant cash flows from operations and reasonable debt / market cap	0.9%	0.9%	-0.9%
PD_11262025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	11262025	PD	PagerDuty	Dip Buy	DB \| FCF Yield \| Low D/EDip Buy with High Free Cash Flow Yield Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap	0.8%	0.8%	0.0%
CRM_11212025_Dip_Buyer_FCFYield	11212025	CRM	Salesforce	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	3.3%	3.3%	-0.1%
HUBS_11212025_Dip_Buyer_High_CFO_Margins_ExInd_DE	11212025	HUBS	HubSpot	Dip Buy	DB \| CFO/Rev \| Low D/EDip Buy with High Cash Flow Margins Buying dips for companies with significant cash flows from operations and reasonable debt / market cap	5.1%	5.1%	0.0%
FIVN_11212025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	11212025	FIVN	Five9	Dip Buy	DB \| FCF Yield \| Low D/EDip Buy with High Free Cash Flow Yield Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap	4.0%	4.0%	0.0%
DIOD_10312023_Dip_Buyer_FCFYield	10312023	DIOD	Diodes	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	12.2%	-6.0%	-9.9%
DIOD_4302022_Dip_Buyer_FCFYield	04302022	DIOD	Diodes	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	-0.9%	9.1%	-16.5%

Recent Active Movers

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
MPLT	MapLight Therapeutics	0.7	31.3%
AEVA	Aeva Technologies	0.8	25.7%	188.2%
DC	Dakota Gold	0.6	19.7%	150.9%
SERV	Serve Robotics	0.7	18.2%	-12.6%
ACDC	ProFrac	0.7	17.6%	-45.0%
HY	Hyster Yale	0.6	15.6%	-29.9%
AEO	American Eagle Outfitters	4.1	15.1%	49.7%
BEAM	Beam Therapeutics	2.7	14.4%	7.8%
GOSS	Gossamer Bio	0.8	14.4%	278.1%
FTRE	Fortrea	1.3	14.4%	-21.8%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
PSTG	Pure Storage	22.6	-27.3%	12.1%
GTLB	GitLab	6.3	-12.8%	-32.9%
CTEV	Claritev	0.7	-11.3%
FBYD	Falcons Beyond Global	0.7	-11.2%	131.2%
ACHC	Acadia Healthcare	1.3	-10.9%	-63.0%
ULS	UL Solutions	16.0	-10.7%	60.4%
HPK	HighPeak Energy	0.7	-10.6%	-59.8%
OS	OneStream	3.5	-10.4%	-35.0%
ARE	Alexandria Real Estate Equities	8.2	-10.1%	-47.9%
THO	Thor Industries	5.3	-9.5%	6.6%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
HPP	Hudson Pacific Properties	6.3	641.5%	-34.3%
TLRY	Tilray Brands	7.5	618.1%	-46.9%
TMC	TMC The Metals	2.8	42.2%	589.3%
VERA	Vera Therapeutics	2.6	40.2%	-2.4%
ARWR	Arrowhead Pharmaceuticals	9.0	39.1%	246.1%
TE	T1 Energy	0.7	37.4%
MPLT	MapLight Therapeutics	0.7	32.1%
AEVA	Aeva Technologies	0.8	31.1%	188.2%
AMKR	Amkor Technology	10.9	30.2%	73.4%
DC	Dakota Gold	0.6	30.2%	150.9%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
JANX	Janux Therapeutics	1.1	-50.7%	-68.0%
VTYX	Ventyx Biosciences	0.6	-25.0%	258.0%
CTEV	Claritev	0.7	-23.5%
AMBA	Ambarella	3.0	-22.9%	-3.6%
FULC	Fulcrum Therapeutics	0.6	-21.5%	92.8%
PD	PagerDuty	1.1	-20.5%	-33.9%
NTNX	Nutanix	12.7	-19.3%	-22.4%
CNK	Cinemark	2.6	-18.0%	-25.2%
PSTG	Pure Storage	22.6	-17.2%	12.1%
ZS	Zscaler	38.1	-15.9%	35.1%

1 Month Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
OLMA	Olema Pharmaceuticals	2.3	223.6%	367.4%
COGT	Cogent Biosciences	5.4	152.6%	402.1%
CDTX	Cidara Therapeutics	5.9	115.1%	722.1%
IRWD	Ironwood Pharmaceuticals	0.6	100.5%	-15.8%
TERN	Terns Pharmaceuticals	2.5	95.9%	396.2%
FRGE	Forge Global	0.6	90.3%	217.8%
SGML	Sigma Lithium	1.1	87.3%	-10.6%
INSP	Inspire Medical Systems	4.0	82.8%	-27.3%
NPCE	NeuroPace	0.6	77.2%	48.9%
ALMS	Alumis	0.6	71.9%	-0.3%

1 Month Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
UP	Wheels Up Experience	0.4	-52.7%	-62.4%
CCOI	Cogent Communications	0.9	-51.9%	-72.9%
SMR	NuScale Power	3.0	-50.7%	12.3%
FRMI	Fermi	10.3	-47.5%
AMSC	American Superconductor	1.4	-47.2%	30.1%
TLRY	Tilray Brands	7.5	-46.1%	-46.9%
BTDR	Bitdeer Technologies	2.4	-44.8%	-41.8%
EXOD	Exodus Movement	0.4	-43.1%	-53.3%
STUB	Stubhub	3.5	-39.8%
METC	Ramaco Resources	1.0	-39.4%	66.9%

Recent Active Movers

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
MPLT	MapLight Therapeutics	0.7	31.3%
AEVA	Aeva Technologies	0.8	25.7%	188.2%
DC	Dakota Gold	0.6	19.7%	150.9%
SERV	Serve Robotics	0.7	18.2%	-12.6%
ACDC	ProFrac	0.7	17.6%	-45.0%
HY	Hyster Yale	0.6	15.6%	-29.9%
AEO	American Eagle Outfitters	4.1	15.1%	49.7%
BEAM	Beam Therapeutics	2.7	14.4%	7.8%
GOSS	Gossamer Bio	0.8	14.4%	278.1%
FTRE	Fortrea	1.3	14.4%	-21.8%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
PSTG	Pure Storage	22.6	-27.3%	12.1%
GTLB	GitLab	6.3	-12.8%	-32.9%
CTEV	Claritev	0.7	-11.3%
FBYD	Falcons Beyond Global	0.7	-11.2%	131.2%
ACHC	Acadia Healthcare	1.3	-10.9%	-63.0%
ULS	UL Solutions	16.0	-10.7%	60.4%
HPK	HighPeak Energy	0.7	-10.6%	-59.8%
OS	OneStream	3.5	-10.4%	-35.0%
ARE	Alexandria Real Estate Equities	8.2	-10.1%	-47.9%
THO	Thor Industries	5.3	-9.5%	6.6%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
HPP	Hudson Pacific Properties	6.3	641.5%	-34.3%
TLRY	Tilray Brands	7.5	618.1%	-46.9%
TMC	TMC The Metals	2.8	42.2%	589.3%
VERA	Vera Therapeutics	2.6	40.2%	-2.4%
ARWR	Arrowhead Pharmaceuticals	9.0	39.1%	246.1%
TE	T1 Energy	0.7	37.4%
MPLT	MapLight Therapeutics	0.7	32.1%
AEVA	Aeva Technologies	0.8	31.1%	188.2%
AMKR	Amkor Technology	10.9	30.2%	73.4%
DC	Dakota Gold	0.6	30.2%	150.9%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
JANX	Janux Therapeutics	1.1	-50.7%	-68.0%
VTYX	Ventyx Biosciences	0.6	-25.0%	258.0%
CTEV	Claritev	0.7	-23.5%
AMBA	Ambarella	3.0	-22.9%	-3.6%
FULC	Fulcrum Therapeutics	0.6	-21.5%	92.8%
PD	PagerDuty	1.1	-20.5%	-33.9%
NTNX	Nutanix	12.7	-19.3%	-22.4%
CNK	Cinemark	2.6	-18.0%	-25.2%
PSTG	Pure Storage	22.6	-17.2%	12.1%
ZS	Zscaler	38.1	-15.9%	35.1%

Peer Comparisons for Diodes

Peers to compare with:

Financials

	DIOD	MU	AMAT	TXN	ADI	MCHP	Median
Name	Diodes	Micron T.	Applied .	Texas In.	Analog D.	Microchi.
Mkt Price	51.33	234.16	268.63	182.60	278.24	63.61	208.38
Mkt Cap	2.4	262.7	214.4	166.0	137.6	34.3	151.8
Rev LTM	1,430	37,378	28,613	17,266	10,387	4,212	13,826
Op Inc LTM	33	9,809	8,623	6,012	2,630	155	4,321
FCF LTM	187	1,668	5,823	2,080	3,678	754	1,874
FCF 3Y Avg	113	-1,443	6,457	1,732	3,439	1,807	1,770
CFO LTM	259	17,525	7,705	6,897	4,162	841	5,530
CFO 3Y Avg	227	9,197	7,788	6,560	4,310	2,047	5,435

Growth & Margins

	DIOD	MU	AMAT	TXN	ADI	MCHP	Median
Name	Diodes	Micron T.	Applied .	Texas In.	Analog D.	Microchi.
Rev Chg LTM	10.4%	48.9%	6.6%	9.9%	7.1%	-23.4%	8.5%
Rev Chg 3Y Avg	-8.8%	20.3%	4.4%	-4.6%	-0.6%	-14.9%	-2.6%
Rev Chg Q	12.0%	46.0%	7.7%	14.2%	24.6%	-2.0%	13.1%
QoQ Delta Rev Chg LTM	3.0%	10.5%	1.9%	3.5%	5.8%	-0.6%	3.3%
Op Mgn LTM	2.3%	26.2%	30.1%	34.8%	25.3%	3.7%	25.8%
Op Mgn 3Y Avg	8.2%	-1.1%	29.4%	38.0%	27.5%	21.0%	24.3%
QoQ Delta Op Mgn LTM	-0.7%	3.7%	0.5%	-0.1%	1.8%	-1.2%	0.2%
CFO/Rev LTM	18.1%	46.9%	26.9%	39.9%	40.1%	20.0%	33.4%
CFO/Rev 3Y Avg	14.3%	30.3%	28.5%	38.6%	39.5%	30.4%	30.3%
FCF/Rev LTM	13.1%	4.5%	20.4%	12.0%	35.4%	17.9%	15.5%
FCF/Rev 3Y Avg	7.1%	-11.5%	23.7%	10.2%	31.5%	26.9%	16.9%

Valuation

	DIOD	MU	AMAT	TXN	ADI	MCHP	Median
Name	Diodes	Micron T.	Applied .	Texas In.	Analog D.	Microchi.
Mkt Cap	2.4	262.7	214.4	166.0	137.6	34.3	151.8
P/S	1.7	5.0	5.1	9.7	11.3	8.2	6.7
P/EBIT	29.5	18.5	15.9	26.8	44.3	731.6	28.1
P/E	38.5	22.0	21.4	33.1	60.1	-187.4	27.6
P/CFO	9.5	10.7	19.0	24.2	28.3	41.2	21.6
Total Yield	2.6%	4.8%	5.6%	6.0%	3.3%	1.6%	4.0%
Dividend Yield	0.0%	0.3%	0.9%	3.0%	1.6%	2.1%	1.3%
FCF Yield 3Y Avg	3.9%	-2.4%	4.4%	1.1%	3.2%	4.4%	3.5%
D/E	0.0	0.1	0.0	0.1	0.1	0.2	0.1
Net D/E	-0.1	0.0	-0.0	0.1	0.0	0.1	0.0

Returns

	DIOD	MU	AMAT	TXN	ADI	MCHP	Median
Name	Diodes	Micron T.	Applied .	Texas In.	Analog D.	Microchi.
1M Rtn	-3.6%	-0.2%	13.2%	13.1%	19.1%	2.8%	8.0%
3M Rtn	-2.5%	97.4%	72.3%	-5.9%	13.8%	1.4%	7.6%
6M Rtn	7.1%	127.1%	66.7%	-2.7%	27.8%	-0.1%	17.5%
12M Rtn	-19.4%	135.5%	48.1%	-4.4%	27.8%	0.3%	14.1%
3Y Rtn	-43.9%	335.3%	158.6%	12.6%	73.2%	-11.5%	42.9%
1M Excs Rtn	-3.6%	-0.2%	13.3%	13.1%	19.1%	2.9%	8.0%
3M Excs Rtn	-9.3%	83.3%	64.7%	-7.0%	7.7%	-5.7%	1.0%
6M Excs Rtn	-7.6%	112.4%	52.0%	-17.4%	13.1%	-14.8%	2.8%
12M Excs Rtn	-34.6%	126.5%	41.7%	-19.8%	16.2%	-17.3%	-0.5%
3Y Excs Rtn	-114.4%	254.1%	93.9%	-57.2%	6.1%	-80.7%	-25.6%

Financials

Annual
Quarterly

$ Mil \| FY: 12/31	LTM	2024	2023	2022	2021	2020	2019
Period End	9/30/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Filing Date	11/6/2025	2/14/2025	2/9/2024	2/10/2023	2/18/2022	2/22/2021	2/12/2020
Key Financials
Total Revenue	1,430	1,311	1,662	2,001	1,805	1,229	1,249
EBITDA	227	202	421	532	445	240	316
Operating Income	33	51	250	405	276	134	176
Net Income	64	44	227	331	229	98	153
EPS	1.38	0.95	4.96	7.31	5.11	1.92	3.02
Growth Rates
Total Revenue Growth	10.4%	-21.1%	-16.9%	10.8%	46.9%	-1.6%	2.9%
EBITDA Growth	4.4%	-52.0%	-20.9%	19.5%	85.4%	-24.0%	19.4%
Operating Income Growth	-43.1%	-79.4%	-38.2%	46.5%	105.5%	-23.7%	14.5%
Net Income Growth	5.1%	-80.6%	-31.4%	44.8%	133.2%	-36.0%	47.3%
Margins
EBITDA Margin	15.9%	15.4%	25.3%	26.6%	24.7%	19.5%	25.3%
Operating Income Margin	2.3%	3.9%	15.1%	20.2%	15.3%	10.9%	14.1%
Net Income Margin	4.5%	3.4%	13.7%	16.6%	12.7%	8.0%	12.3%
Cash & Debt
Total Cash	386	316	326	344	370	274	263
Total Debt	58	92	98	214	335	488	152
Net Debt / (Cash)	-328	-224	-227	-130	-36	214	-111
Cash Flows
Net Cash from Operations	259	119	281	393	339	187	230
Free Cash from Operations	187	46	130	181	197	111	131
Returns to Shareholders
Dividends	0	-0	-0	-0	-0	-0	-0
Share Repurchases	-0	-0	-0	-0	-0	297	-0

$ Mil \| FY: 12/31	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4
Period End	9/30/2025	6/30/2025	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022
Filing Date	11/6/2025	8/7/2025	5/8/2025	2/14/2025	11/7/2024	8/8/2024	5/9/2024	2/9/2024	11/8/2023	8/8/2023	5/9/2023	2/10/2023
Key Financials Quarterly
Total Revenue	392	366	332	339	350	320	302	323	405	467	467	496
Ebitda	56	90	34	48	53	47	54	63	96	137	124	132
Operating Income	12	9	1	10	21	12	8	18	56	89	86	93
Net Income	14	46	-4	8	14	8	14	25	49	82	71	92
EPS	0.31	0.99	-0.10	0.18	0.30	0.17	0.30	0.55	1.06	1.79	1.56	2.03
Key Financials TTM
Total Revenue TTM	1,430	1,388	1,341	1,311	1,295	1,349	1,496	1,662	1,835	1,952	1,986	2,001
Ebitda TTM	227	224	182	202	218	261	351	421	490	539	536	532
Operating Income TTM	33	42	45	51	59	94	172	250	325	381	398	405
Net Income TTM	64	64	26	44	61	96	170	227	294	332	330	331
Growth Rates Quarterly
Total Revenue Growth	12.0%	14.5%	10.0%	5.1%	-13.5%	-31.5%	-35.4%	-35.0%	-22.4%	-6.8%	-3.1%	3.3%
EBITDA Growth	6.3%	88.9%	-38.0%	-24.4%	-45.0%	-65.5%	-56.4%	-52.3%	-33.8%	2.4%	3.2%	-6.1%
Operating Income Growth	-41.8%	-20.2%	-84.2%	-41.4%	-62.6%	-86.7%	-90.7%	-81.0%	-49.8%	-15.8%	-7.2%	7.6%
Net Income Growth	3.9%	476.2%	-131.6%	-67.4%	-71.8%	-90.2%	-80.3%	-72.5%	-43.6%	2.3%	-2.1%	40.5%
Margins Quarterly
EBITDA Margin	14.3%	24.5%	10.1%	14.0%	15.1%	14.8%	17.9%	19.5%	23.8%	29.4%	26.6%	26.6%
Operating Income Margin	3.1%	2.6%	0.4%	3.1%	6.0%	3.7%	2.7%	5.5%	13.9%	19.2%	18.5%	18.7%
Net Income Margin	3.6%	12.6%	-1.3%	2.4%	3.9%	2.5%	4.6%	7.8%	12.0%	17.6%	15.2%	18.6%
Cash & Debt
Total Cash	386	327	344	316	319	274	276	326	305	331	332	344
Total Debt	58	54	52	92	58	47	70	98	53	89	125	214
Net Debt / (Cash)	-328	-273	-292	-224	-261	-227	-206	-227	-252	-241	-206	-130
Cash Flows Quarterly
FCF from Operations	79	42	57	82	54	14	-31	38	50	93	100	103
Cash Flows TTM
FCF from Operations TTM	259	234	207	119	76	72	150	281	345	428	420	393
Returns to Shareholders Quarterly
Dividends	0	0	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0
Return on Invested Capital (ROIC) Quarterly
ROIC	-	-	-	-	-	-	-	-	-	-	-	-
Return on Invested Capital (ROIC) TTM
ROIC TTM	-	-	-	-	-	-	-	-	-	-	-	-

Segment Financials

Revenue by Segment

$ Mil	2024	2023	2022	2021	2020
Standard semiconductor products	1,662	2,001	1,805	1,229	1,249
Total	1,662	2,001	1,805	1,229	1,249

Price Behavior

Price Behavior

Market Price	$51.33
Market Cap ($ Bil)	2.4
First Trading Date	03/17/1992
Distance from 52W High	-21.9%
	50 Days	200 Days
DMA Price	$50.78	$49.19
DMA Trend	down	down
Distance from DMA	1.1%	4.3%
	3M	1YR
Volatility	55.4%	52.1%
Downside Capture	229.13	161.91
Upside Capture	153.88	119.64
Correlation (SPY)	55.9%	62.3%

DIOD Betas & Captures as of 11/30/2025

	1M	2M	3M	6M	1Y	3Y
Beta	2.13	2.39	2.43	2.30	1.62	1.73
Up Beta	4.96	4.44	4.48	3.81	1.64	1.65
Down Beta	1.45	2.88	2.57	2.75	1.91	1.80
Up Capture	25%	89%	101%	141%	118%	325%
Bmk +ve Days	12	25	38	73	141	426
Stock +ve Days	8	18	28	58	115	363
Down Capture	206%	198%	216%	170%	131%	111%
Bmk -ve Days	7	16	24	52	107	323
Stock -ve Days	11	23	34	65	130	384

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

1Y 5Y 10Y

Based On 1-Year Data

		Comparison of DIOD With Other Asset Classes (Last 1Y)
	DIOD	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	-20.2%	25.9%	15.3%	58.9%	4.6%	-5.8%	-3.1%
Annualized Volatility	52.0%	27.6%	19.7%	19.4%	15.9%	17.8%	35.7%
Sharpe Ratio	-0.25	0.81	0.60	2.26	0.09	-0.48	0.04
Correlation With Other Assets		60.9%	61.6%	3.8%	22.0%	37.3%	31.2%

ETFs used for asset classes: Sector ETF = XLK, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How

Based On 5-Year Data

		Comparison of DIOD With Other Asset Classes (Last 5Y)
	DIOD	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	-5.0%	19.9%	15.0%	17.9%	11.9%	4.9%	37.1%
Annualized Volatility	44.1%	24.6%	17.1%	15.5%	18.9%	19.0%	49.1%
Sharpe Ratio	0.03	0.73	0.71	0.93	0.52	0.17	0.64
Correlation With Other Assets		67.1%	66.3%	10.6%	16.0%	44.4%	31.4%

Based On 10-Year Data

		Comparison of DIOD With Other Asset Classes (Last 10Y)
	DIOD	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	9.5%	22.2%	14.5%	14.2%	5.6%	5.4%	76.3%
Annualized Volatility	41.6%	24.2%	18.0%	14.8%	17.7%	20.9%	55.9%
Sharpe Ratio	0.36	0.84	0.69	0.79	0.25	0.23	0.95
Correlation With Other Assets		65.3%	64.2%	4.2%	21.5%	42.7%	21.8%

Short Interest

Short Interest: As Of Date	11142025
Short Interest: Shares Quantity	2,065,050
Short Interest: % Change Since 10312025	-7.8%
Average Daily Volume	360,945
Days-to-Cover Short Interest	5.72
Basic Shares Quantity	46,383,000
Short % of Basic Shares	4.5%

Returns Analyses

	Title
0	With Diodes Stock Sliding, Have You Assessed The Risk?
1	Diodes Stock Return Comparison
2	[9/30/2021] Diodes (DIOD) Stock Price Forecast: AI Forecasts DIOD Stock Price To Be Around $94.2 In A Month (Up 4%)
3	Diodes Total Shareholder Return (TSR): -30.7% in 2022 and 10.5% 3-yr returns (below peer average)
4	Diodes (DIOD) Stock Return: AI Predicts DIOD Average and Excess Return After a Fall or Rise

SEC Filings

Expand for More

Report Date	Filing Date	Filing
9302025	11062025	10-Q 9/30/2025
6302025	8072025	10-Q 6/30/2025
3312025	5082025	10-Q 3/31/2025
12312024	2142025	10-K 12/31/2024
9302024	11072024	10-Q 9/30/2024
6302024	8082024	10-Q 6/30/2024
3312024	5092024	10-Q 3/31/2024
12312023	2092024	10-K 12/31/2023
9302023	11082023	10-Q 9/30/2023
6302023	8082023	10-Q 6/30/2023
3312023	5092023	10-Q 3/31/2023
12312022	2102023	10-K 12/31/2022
9302022	11072022	10-Q 9/30/2022
6302022	8042022	10-Q 6/30/2022
3312022	5042022	10-Q 3/31/2022
12312021	2182022	10-K 12/31/2021

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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Diodes (DIOD)

Market Price (12/4/2025): $51.4 | Market Cap: $2.4 BilSector: Information Technology | Industry: Semiconductors

Diodes (DIOD)

Market Price (12/4/2025): $51.4Market Cap: $2.4 BilSector: Information TechnologyIndustry: Semiconductors

Valuation, Metrics & Events

DIOD Stock

Why The Stock Moved

Qualitative Assessment

Stock Movement Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Return vs. Risk

Price Returns Compared

How Low Can It Go

In The Past

Preserve Wealth

Asset Allocation

About Diodes (DIOD)

Diodes (Symbol: DIOD) - Major Customers

Gary Yu

Brett Whitmire

Francis Tang

Andy (Kuo-Ting) Tsong

Sheana Chen

Main Product Market Sizes (Global)

Main End-User Market Sizes (Global for Semiconductor Content)

Expected Drivers of Future Revenue Growth for Diodes (DIOD)

Interactive Breakdown

Better Bets than Diodes (DIOD)

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Based On 1-Year Data

Based On 5-Year Data

Based On 10-Year Data

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Market Price (12/4/2025): $51.4 | Market Cap: $2.4 Bil
Sector: Information Technology | Industry: Semiconductors

Market Price (12/4/2025): $51.4
Market Cap: $2.4 Bil
Sector: Information Technology
Industry: Semiconductors