Tearsheet

Diodes (DIOD)

Market Price (12/28/2025): $50.11 | Market Cap: $2.3 Bil
Sector: Information Technology | Industry: Semiconductors

Diodes (DIOD)

Market Price (12/28/2025): $50.11
Market Cap: $2.3 Bil
Sector: Information Technology
Industry: Semiconductors

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

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 -14%	Weak multi-year price returns 2Y Excs Rtn is -83%, 3Y Excs Rtn is -117%	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%		Key risks DIOD key risks include [1] its heavy reliance on the volatile and cyclical semiconductor market, Show more.
2	Attractive yield FCF Yield is 8.0%
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 -14%
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 8.0%
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 -83%, 3Y Excs Rtn is -117%
5	Weak revenue growth Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -8.8%
6	Key risks DIOD key risks include [1] its heavy reliance on the volatile and cyclical semiconductor market, Show more.

Valuation, Metrics & Events

	12/28/25	2024	2023	2022	2021
Share Price CYE	$50.11	$61.67	$80.52	$76.14	$109.81
Market Cap CYE ($ Bil)	2.3	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)	2.0	3.0	3.8	3.7	5.2
Valuation Ratios
P/S TTM	1.6	2.2	2.2	1.7	2.7
P/EBIT TTM	27.8	43.8	13.0	8.5	15.2
P/E TTM	36.2	64.7	16.2	10.4	21.5
P/FCF TTM	12.4	61.4	28.3	19.1	24.9
Sector Ratios
P/S TTM (Sector)	3.2	3.2	2.9	2.6	4.6
P/EBIT TTM (Sector)	3.0	2.3	-0.2	-0.7	-0.0
P/E TTM (Sector)	-0.2	-0.3	-0.5	-0.8	-0.0
P/FCF TTM (Sector)	12.3	13.7	12.2	6.9	13.8

	12/28/25	2024	2023
Share Price CYE	$50.11	$61.67	$80.52
Market Cap CYE ($ Bil)	2.3	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)	2.0	3.0	3.8
Valuation Ratios
P/S TTM	1.6	2.2	2.2
P/EBIT TTM	27.8	43.8	13.0
P/E TTM	36.2	64.7	16.2
P/FCF TTM	12.4	61.4	28.3
Sector Ratios
P/S TTM (Sector)	3.2	3.2	2.9
P/EBIT TTM (Sector)	3.0	2.3	-0.2
P/E TTM (Sector)	-0.2	-0.3	-0.5
P/FCF TTM (Sector)	12.3	13.7	12.2

	DIOD	S&P 500
REVENUE GROWTH
Rev LTM ($ Bil)	1.4
Rev Chg Q	12.0%	7.3%
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%	20.4%
Net Inc Mgn	4.5%	13.1%
VALUATION	MODERATE
P/S	1.6	3.3
P/CFO	9.0	15.8
P/FCF	12.4	20.7
P/E	36.2	23.7
STABILITY	VERY GOOD
Debt/Equity	0.02	0.21
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

Upcoming
2/10/2026	Earnings Release	Rev: - EPS: -

DIOD Stock

Return (1M):

Why The Stock Moved

Qualitative Assessment

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1. Diodes Incorporated reported its third quarter fiscal 2025 adjusted earnings per share of $0.37, which fell short of analyst estimates of $0.38 to $0.39 per share.

2. The company experienced a significant decline in GAAP net income for Q3 2025, totaling $14.3 million, a notable drop from $46.1 million in the preceding quarter.

3. Gross margin decreased to 30.7% in the third quarter of 2025, compared to 33.7% in the same quarter of 2024 and 31.5% in the prior quarter. This decline was attributed to an unfavorable product mix, shifting towards lower-margin computing and consumer products.

4. In the 90 days leading up to December 26, 2025, Diodes received two downgrades from Wall Street analysts against one upgrade, with Truist Securities specifically lowering its price target for DIOD to $51 from $54 on November 7, 2025, while maintaining a "Hold" rating.

5. During the Q3 2025 earnings call, it was highlighted that the automotive and industrial markets were recovering at a slower pace than anticipated, thereby affecting Diodes' overall growth potential.

Stock Movement Drivers

Fundamental Drivers

The -5.1% change in DIOD stock from 9/27/2025 to 12/27/2025 was primarily driven by a -5.9% change in the company's P/E Multiple.

	9272025	12272025	Change
Stock Price ($)	53.10	50.39	-5.10%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	1387.70	1429.79	3.03%
Net Income Margin (%)	4.59%	4.49%	-2.13%
P/E Multiple	38.71	36.42	-5.92%
Shares Outstanding (Mil)	46.40	46.38	0.03%
Cumulative Contribution			-5.10%

LTM = Last Twelve Months as of date shown

Market Drivers

9/27/2025 to 12/27/2025

	Return	Correlation
DIOD	-5.1%
Market (SPY)	4.3%	54.2%
Sector (XLK)	5.1%	49.5%

Fundamental Drivers

The -4.6% change in DIOD stock from 6/28/2025 to 12/27/2025 was primarily driven by a -62.0% change in the company's P/E Multiple.

	6282025	12272025	Change
Stock Price ($)	52.82	50.39	-4.60%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	1341.26	1429.79	6.60%
Net Income Margin (%)	1.90%	4.49%	135.65%
P/E Multiple	95.87	36.42	-62.01%
Shares Outstanding (Mil)	46.37	46.38	-0.03%
Cumulative Contribution			-4.60%

LTM = Last Twelve Months as of date shown

Market Drivers

6/28/2025 to 12/27/2025

	Return	Correlation
DIOD	-4.6%
Market (SPY)	12.6%	51.1%
Sector (XLK)	17.0%	45.5%

Fundamental Drivers

The -21.3% change in DIOD stock from 12/27/2024 to 12/27/2025 was primarily driven by a -25.0% change in the company's P/E Multiple.

	12272024	12272025	Change
Stock Price ($)	64.05	50.39	-21.33%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	1294.52	1429.79	10.45%
Net Income Margin (%)	4.72%	4.49%	-4.86%
P/E Multiple	48.59	36.42	-25.05%
Shares Outstanding (Mil)	46.33	46.38	-0.11%
Cumulative Contribution			-21.33%

LTM = Last Twelve Months as of date shown

Market Drivers

12/27/2024 to 12/27/2025

	Return	Correlation
DIOD	-21.3%
Market (SPY)	17.0%	63.2%
Sector (XLK)	24.0%	62.3%

Fundamental Drivers

The -32.0% change in DIOD stock from 12/28/2022 to 12/27/2025 was primarily driven by a -70.8% change in the company's Net Income Margin (%).

	12282022	12272025	Change
Stock Price ($)	74.09	50.39	-31.99%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	1984.54	1429.79	-27.95%
Net Income Margin (%)	15.36%	4.49%	-70.77%
P/E Multiple	11.06	36.42	229.39%
Shares Outstanding (Mil)	45.48	46.38	-2.00%
Cumulative Contribution			-32.02%

LTM = Last Twelve Months as of date shown

Market Drivers

12/28/2023 to 12/27/2025

	Return	Correlation
DIOD	-38.2%
Market (SPY)	48.0%	59.7%
Sector (XLK)	53.5%	58.0%

Return vs. Risk

Price Returns Compared

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
DIOD Return	25%	56%	-31%	6%	-23%	-19%	-11%
Peers Return	16%	38%	-12%	21%	26%	16%	150%
S&P 500 Return	16%	27%	-19%	24%	23%	18%	114%
Monthly Win Rates [3]
DIOD Win Rate	58%	75%	33%	67%	50%	42%
Peers Win Rate	52%	65%	42%	68%	57%	52%
S&P 500 Win Rate	58%	75%	42%	67%	75%	73%
Max Drawdowns [4]
DIOD Max Drawdown	-41%	-2%	-44%	-20%	-34%	-44%
Peers Max Drawdown	-34%	-5%	-26%	-7%	-9%	-23%
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: HPQ, HPE, IBM, CSCO, AAPL. 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 12/26/2025 (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	3,261 days	1,480 days

Compare to HPQ, HPE, IBM, CSCO, AAPL

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)

Business Description Analogies Products Customers Suppliers Management Key Risks Emerging Threats Market Size Revenue Drivers Capital Allocation

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 key risks to Diodes Incorporated's business are:

Semiconductor Market Cyclicality and Dependence: Diodes' performance is heavily reliant on the semiconductor market, which is characterized by cyclical demand and pricing pressures. This inherent volatility can significantly impact the company's financial results and operations.
Supply Chain Disruptions: The company faces risks related to potential disruptions in the supply of raw materials or components. Such disruptions can arise from geopolitical tensions, natural disasters, or other unforeseen events, affecting production capacity and delivery schedules.
Technological Obsolescence and Intense Competition: Operating in the rapidly evolving semiconductor industry, Diodes Inc. is susceptible to technological obsolescence, where rapid advancements could render its existing products outdated. Additionally, the company navigates a highly competitive landscape with numerous established and emerging players, necessitating continuous innovation to maintain market share.

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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)

INDUSTRY: Semiconductors

Higher Rev Chg 3Y Avg | Lower P/S (Values for DIOD: -8.8% | 1.6x)

AMKR (-2.3% | 1.6x)

Amkor Technology

CSIQ (-4.6% | 0.3x)

Canadian Solar

ARRY (2.7% | 1.2x)

Array Technologies

PENG (0.5% | 0.8x)

Penguin Solutions

AOSL (-4.0% | 0.9x)

Alpha & Omega Semiconductor

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for DIOD: -8.8% | 70.0x)

NVDA (91.6% | 42.1x)

NVIDIA

AVGO (25.2% | 63.9x)

Broadcom

MU (28.3% | 23.3x)

Micron Technology

QCOM (1.2% | 15.2x)

Qualcomm

TXN (-4.6% | 26.7x)

Texas Instruments

Higher Rev Chg LTM (Value for DIOD: 10.4%)

NVDA (65.2%)

NVIDIA

MU (45.4%)

Micron Technology

AMD (31.8%)

Advanced Micro Devices

AVGO (23.9%)

Broadcom

QCOM (13.7%)

Qualcomm

Higher Rev Chg 3Y Avg (Value for DIOD: -8.8%)

NVDA (91.6%)

NVIDIA

MU (28.3%)

Micron Technology

AVGO (25.2%)

Broadcom

AMD (12.9%)

Advanced Micro Devices

QCOM (1.2%)

Qualcomm

Higher Op Mgn LTM (Value for DIOD: 2.3%)

NVDA (58.8%)

NVIDIA

AVGO (40.8%)

Broadcom

MU (32.5%)

Micron Technology

QCOM (28.0%)

Qualcomm

AMD (9.4%)

Advanced Micro Devices

Higher CFO/Rev LTM (Value for DIOD: 18.1%)

MU (53.6%)

Micron Technology

NVDA (44.4%)

NVIDIA

AVGO (43.1%)

Broadcom

QCOM (31.6%)

Qualcomm

AMD (20.0%)

Advanced Micro Devices

Higher FCF/Rev LTM (Value for DIOD: 13.1%)

AVGO (42.1%)

Broadcom

NVDA (41.3%)

NVIDIA

ADI (38.8%)

Analog Devices

QCOM (28.9%)

Qualcomm

AMD (17.0%)

Advanced Micro Devices

Higher Total Yield (Value for DIOD: 2.7%)

TXN (6.2%)

Texas Instruments

QCOM (5.0%)

Qualcomm

MU (3.9%)

Micron Technology

MRVL (3.6%)

Marvell Technology

ADI (3.1%)

Analog Devices

SECTOR: Information Technology

Higher Rev Chg 3Y Avg | Lower P/S (Values for DIOD: -8.8% | 1.6x)

DELL (0.2% | 0.8x)

Dell Technologies

HPE (6.5% | 1.0x)

Hewlett Packard Enterprise

JBL (-3.3% | 0.9x)

Jabil

FLEX (-1.0% | 0.9x)

Flex

HPQ (-3.9% | 0.4x)

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for DIOD: -8.8% | 70.0x)

NVDA (91.6% | 42.1x)

NVIDIA

AAPL (1.8% | 31.3x)

Apple

MSFT (13.2% | 26.7x)

Microsoft

AVGO (25.2% | 63.9x)

Broadcom

ORCL (9.8% | 29.1x)

Oracle

Higher Rev Chg LTM (Value for DIOD: 10.4%)

NVDA (65.2%)

NVIDIA

PLTR (47.2%)

Palantir Technologies

AVGO (23.9%)

Broadcom

MSFT (15.6%)

Microsoft

ORCL (11.1%)

Oracle

Higher Rev Chg 3Y Avg (Value for DIOD: -8.8%)

NVDA (91.6%)

NVIDIA

AVGO (25.2%)

Broadcom

MSFT (13.2%)

Microsoft

ORCL (9.8%)

Oracle

AAPL (1.8%)

Apple

Higher Op Mgn LTM (Value for DIOD: 2.3%)

NVDA (58.8%)

NVIDIA

MSFT (46.3%)

Microsoft

AVGO (40.8%)

Broadcom

ORCL (31.9%)

Oracle

AAPL (31.9%)

Apple

Higher CFO/Rev LTM (Value for DIOD: 18.1%)

MSFT (50.0%)

Microsoft

NVDA (44.4%)

NVIDIA

AVGO (43.1%)

Broadcom

ORCL (36.5%)

Oracle

AAPL (26.6%)

Apple

Higher FCF/Rev LTM (Value for DIOD: 13.1%)

PLTR (46.0%)

Palantir Technologies

AVGO (42.1%)

Broadcom

NVDA (41.3%)

NVIDIA

MSFT (26.6%)

Microsoft

AAPL (23.5%)

Apple

Higher Total Yield (Value for DIOD: 2.7%)

CSCO (5.4%)

Cisco Systems

MU (3.9%)

Micron Technology

ORCL (3.7%)

Oracle

MSFT (3.6%)

Microsoft

AAPL (2.8%)

Apple

All Other Sectors

Higher Rev Chg 3Y Avg | Lower P/S (Values for DIOD: -8.8% | 1.6x)

WMT (5.4% | 1.3x)

Walmart

XOM (-5.6% | 1.6x)

Exxon Mobil

COST (6.7% | 1.4x)

Costco Wholesale

UNH (11.4% | 0.7x)

UnitedHealth

CVX (-6.2% | 1.6x)

Chevron

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for DIOD: -8.8% | 70.0x)

GOOGL (11.0% | 30.5x)

Alphabet

AMZN (11.3% | 32.5x)

Amazon.com

META (17.3% | 20.4x)

Meta Platforms

LLY (23.4% | 42.3x)

Eli Lilly

WMT (5.4% | 30.8x)

Walmart

Higher Rev Chg LTM (Value for DIOD: 10.4%)

LLY (36.8%)

Eli Lilly

META (21.3%)

Meta Platforms

MA (14.6%)

Mastercard

GOOGL (13.4%)

Alphabet

AMZN (10.9%)

Amazon.com

Higher Rev Chg 3Y Avg (Value for DIOD: -8.8%)

BRK-B (19.8%)

Berkshire Hathaway

META (17.3%)

Meta Platforms

AMZN (11.3%)

Amazon.com

GOOGL (11.0%)

Alphabet

TSLA (9.3%)

Tesla

Higher Op Mgn LTM (Value for DIOD: 2.3%)

META (43.2%)

Meta Platforms

LLY (43.0%)

Eli Lilly

GOOGL (32.2%)

Alphabet

AMZN (11.4%)

Amazon.com

TSLA (5.1%)

Tesla

Higher CFO/Rev LTM (Value for DIOD: 18.1%)

META (56.8%)

Meta Platforms

MA (56.1%)

Mastercard

GOOGL (39.3%)

Alphabet

JNJ (26.3%)

Johnson & Johnson

LLY (20.5%)

Eli Lilly

Higher FCF/Rev LTM (Value for DIOD: 13.1%)

V (53.9%)

Visa

MA (52.5%)

Mastercard

META (23.7%)

Meta Platforms

JNJ (20.3%)

Johnson & Johnson

GOOGL (19.1%)

Alphabet

Higher Total Yield (Value for DIOD: 2.7%)

JPM (6.4%)

JPMorgan Chase

BRK-B (6.3%)

Berkshire Hathaway

META (3.8%)

Meta Platforms

GOOGL (3.5%)

Alphabet

AMZN (2.9%)

Amazon.com

		Best Bets In Information Technology Sector
	DIOD	VRSN	IDCC	NVDA	RMBS	GEN	ZM	DBX	YOU	MPWR	DAVE
What You Pay
P/E	36.4	28.3	17.2	46.7	44.3	30.0	16.5	14.5	19.0	23.9	21.0
P/EBIT	27.9	20.5	13.9	39.8	37.7	10.7	23.9	11.8	20.7	65.5	24.0
What You Get
Rev Chg Q	12.0%	7.3%	28.0%	62.5%	22.7%	25.3%	4.4%	-0.7%	15.5%	18.9%	63.0%
Rev Chg LTM	10.4%	5.5%	28.8%	65.2%	31.0%	16.2%	3.8%	-0.4%	17.8%	30.5%	53.8%
Rev Chg 3Y Avg	-8.8%	5.2%	27.1%	91.6%	17.3%	16.5%	3.4%	3.4%	31.0%	17.2%	38.6%
FCF/Rev 3Y Avg	7.1%	57.4%	54.2%	43.4%	39.3%	36.7%	36.1%	33.4%	32.5%	28.6%	26.0%

[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
0	DASHBOARDS
1	Diodes Earnings Notes
2	Diodes Earnings Notes
3	Diodes Earnings Notes
4	Would You Still Hold Diodes Stock If It Fell 30%?	Return
5	Diodes vs Microsoft: Which Is A Better Investment?	Counter-Intuitive Comparisons
6	How Does Diodes Stock Compare With Peers?	Peer Comparison
7	Better Bet Than DIOD Stock: Pay Less Than Diodes To Get More From NVDA, MSFT
8	Better Bet Than DIOD Stock: Pay Less Than Diodes To Get More From NVDA, MSFT
9	Better Bet Than DIOD Stock: Pay Less Than Diodes To Get More From NVDA, MU
10	Why Diodes Stock Moved: DIOD Stock Has Lost 28% Since 2020 Fiscal End, Primarily Due To Unfavorable Change In Price To Sales Multiple (P/S)

	Title
0	ARTICLES

Trade Ideas

Select 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	14.4%	14.4%	-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	13.1%	13.1%	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	17.3%	17.3%	-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	12.0%	12.0%	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	5.5%	5.5%	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

Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
ZETA	Zeta Global	4.6	8.3%	15.1%
SGML	Sigma Lithium	1.6	7.3%	29.2%
USAS	Americas Gold And Silver	1.6	6.6%	557.6%
CPNG	Coupang	44.2	6.4%	10.4%
LION	Lionsgate Studios	2.7	4.6%	-69.9%
BBW	Build-A-Bear Workshop	0.8	4.4%	37.8%
XRAY	Dentsply Sirona	2.3	4.2%	-36.3%
BLMN	Bloomin Brands	0.6	3.8%	-41.2%
FUN	Six Flags Entertainment	1.5	3.8%	-69.1%
SVM	Silvercorp Metals	1.9	3.6%	198.0%

Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
FLY	Firefly Aerospace	3.3	-13.7%	-61.3%
TMC	TMC The Metals	2.5	-10.5%	508.9%
ORGO	Organogenesis	0.7	-10.1%	64.8%
AAOI	Applied Optoelectronics	2.4	-9.3%	0.8%
BKSY	BlackSky Technology	0.7	-9.0%	79.0%
LUNR	Intuitive Machines	1.8	-8.7%	-16.0%
RCAT	Red Cat	0.8	-8.7%	-35.4%
RGTI	Rigetti Computing	6.7	-8.7%	46.7%
RDW	Redwire	1.0	-8.6%	-56.6%
RKLB	Rocket Lab	36.4	-8.5%	177.4%

Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
OMER	Omeros	0.9	71.5%	59.0%
RZLT	Rezolute	0.3	44.3%	-45.5%
DVAX	Dynavax Technologies	1.8	41.5%	20.4%
LUNR	Intuitive Machines	1.8	40.6%	-16.0%
UAMY	United States Antimony	0.7	39.0%	252.5%
FOLD	Amicus Therapeutics	4.4	30.9%	51.3%
ADEA	Adeia	1.9	30.3%	23.0%
HUT	Hut 8	5.2	28.6%	142.3%
AAOI	Applied Optoelectronics	2.4	27.1%	0.8%
SGML	Sigma Lithium	1.6	24.9%	29.2%

Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
TPL	Texas Pacific Land	6.6	-67.9%	-21.5%
LW	Lamb Weston	5.9	-29.0%	-35.3%
TLRY	Tilray Brands	10.2	-22.2%	-27.8%
TDUP	ThredUp	0.8	-18.2%	348.2%
LAB	Standard BioTools	0.5	-16.9%	-21.1%
OLMA	Olema Pharmaceuticals	2.2	-14.9%	349.9%
EVEX	Eve	1.4	-12.0%	-21.9%
IRON	Disc Medicine	2.8	-11.2%	26.7%
AVO	Mission Produce	0.8	-11.1%	-18.8%
CABO	Cable One	0.7	-10.6%	-67.4%

Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
TLRY	Tilray Brands	10.2	876.4%	-27.8%
HPP	Hudson Pacific Properties	4.7	452.7%	-51.0%
WVE	WAVE Life Sciences	2.9	139.2%	43.7%
TE	T1 Energy	1.1	106.7%	400.0%
VERA	Vera Therapeutics	3.4	82.1%	26.7%
OMER	Omeros	0.9	66.2%	59.0%
RKLB	Rocket Lab	36.4	65.8%	177.4%
PL	Planet Labs PBC	5.9	65.0%	379.2%
AAOI	Applied Optoelectronics	2.4	63.5%	0.8%
LUNR	Intuitive Machines	1.8	62.4%	-16.0%

Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
RZLT	Rezolute	0.3	-72.0%	-45.5%
JANX	Janux Therapeutics	0.9	-59.0%	-73.4%
FRMI	Fermi	5.3	-46.0%	-76.6%
LENZ	LENZ Therapeutics	0.5	-43.5%	-41.6%
GOGO	Gogo	0.6	-35.3%	-43.0%
HPK	HighPeak Energy	0.5	-33.9%	-70.4%
PACB	Pacific Biosciences of California	0.5	-32.7%	-3.3%
LDI	loanDepot	0.4	-29.6%	3.9%
ORIC	ORIC Pharmaceuticals	0.6	-29.0%	2.2%
LW	Lamb Weston	5.9	-28.6%	-35.3%

Peer Comparisons for Diodes

Peers to compare with:

Financials

	DIOD	HPQ	HPE	IBM	CSCO	AAPL	Median
Name	Diodes	HP	Hewlett .	Internat.	Cisco Sy.	Apple
Mkt Price	50.39	23.26	24.49	305.09	78.16	273.40	64.28
Mkt Cap	2.3	21.9	32.6	284.9	309.2	4,074.4	158.8
Rev LTM	1,430	55,295	34,296	65,402	57,696	408,625	56,496
Op Inc LTM	33	3,624	1,644	11,544	12,991	130,214	7,584
FCF LTM	187	2,800	627	11,854	12,733	96,184	7,327
FCF 3Y Avg	113	2,978	1,400	11,753	13,879	100,503	7,366
CFO LTM	259	3,697	2,919	13,483	13,744	108,565	8,590
CFO 3Y Avg	227	3,672	3,896	13,498	14,736	111,559	8,697

Growth & Margins

	DIOD	HPQ	HPE	IBM	CSCO	AAPL	Median
Name	Diodes	HP	Hewlett .	Internat.	Cisco Sy.	Apple
Rev Chg LTM	10.4%	3.2%	13.8%	4.5%	8.9%	6.0%	7.4%
Rev Chg 3Y Avg	-8.8%	-3.9%	6.5%	2.6%	3.7%	1.8%	2.2%
Rev Chg Q	12.0%	4.2%	14.4%	9.1%	7.5%	9.6%	9.4%
QoQ Delta Rev Chg LTM	3.0%	1.1%	3.7%	2.1%	1.8%	2.1%	2.1%
Op Mgn LTM	2.3%	6.6%	4.8%	17.7%	22.5%	31.9%	12.1%
Op Mgn 3Y Avg	8.2%	7.4%	7.2%	16.4%	24.2%	30.8%	12.3%
QoQ Delta Op Mgn LTM	-0.7%	-0.2%	-1.4%	0.6%	0.4%	0.1%	-0.1%
CFO/Rev LTM	18.1%	6.7%	8.5%	20.6%	23.8%	26.6%	19.4%
CFO/Rev 3Y Avg	14.3%	6.8%	12.7%	21.4%	26.1%	28.4%	17.8%
FCF/Rev LTM	13.1%	5.1%	1.8%	18.1%	22.1%	23.5%	15.6%
FCF/Rev 3Y Avg	7.1%	5.5%	4.6%	18.6%	24.6%	25.6%	12.9%

Valuation

	DIOD	HPQ	HPE	IBM	CSCO	AAPL	Median
Name	Diodes	HP	Hewlett .	Internat.	Cisco Sy.	Apple
Mkt Cap	2.3	21.9	32.6	284.9	309.2	4,074.4	158.8
P/S	1.6	0.4	1.0	4.4	5.4	10.0	3.0
P/EBIT	27.9	6.8	19.9	25.1	22.5	31.3	23.8
P/E	36.4	8.6	572.7	36.0	29.9	41.0	36.2
P/CFO	9.0	5.9	11.2	21.1	22.5	37.5	16.2
Total Yield	2.7%	14.1%	2.3%	5.0%	5.4%	2.8%	3.9%
Dividend Yield	0.0%	2.5%	2.1%	2.2%	2.1%	0.4%	2.1%
FCF Yield 3Y Avg	3.9%	10.6%	5.5%	6.4%	6.0%	3.1%	5.7%
D/E	0.0	0.5	0.7	0.2	0.1	0.0	0.2
Net D/E	-0.1	0.3	0.6	0.2	0.0	0.0	0.1

Returns

	DIOD	HPQ	HPE	IBM	CSCO	AAPL	Median
Name	Diodes	HP	Hewlett .	Internat.	Cisco Sy.	Apple
1M Rtn	9.3%	-1.8%	14.4%	0.6%	2.7%	-1.5%	1.7%
3M Rtn	-5.1%	-11.9%	2.7%	7.9%	17.0%	7.1%	4.9%
6M Rtn	-4.6%	-4.0%	34.5%	6.6%	15.2%	36.3%	10.9%
12M Rtn	-21.3%	-27.0%	16.2%	40.5%	34.5%	7.5%	11.8%
3Y Rtn	-32.0%	-1.9%	71.1%	143.1%	81.3%	120.2%	76.2%
1M Excs Rtn	9.1%	-5.6%	12.9%	-2.2%	-0.0%	-3.7%	-1.1%
3M Excs Rtn	-9.4%	-16.2%	-1.7%	3.6%	12.7%	2.8%	0.6%
6M Excs Rtn	-16.9%	-16.3%	22.3%	-5.7%	3.0%	24.0%	-1.3%
12M Excs Rtn	-35.0%	-42.9%	-0.7%	25.0%	19.9%	-8.4%	-4.6%
3Y Excs Rtn	-117.1%	-83.5%	-11.2%	59.6%	-1.2%	28.4%	-6.2%

Comparison Analyses

	Title
0	How Does Diodes Stock Compare With Peers?
1	Why DIOD With 12% Upside May Beat TXN?
2	DIOD Could Deliver 12% Returns And Outperform AMAT
3	MCHP or DIOD - With 12% Return Forecast, DIOD Probably Deserves Your Money
4	Diodes vs. Micron Technology: With Return Forecast Of 69%, Micron Technology Is A Better Bet
5	Diodes vs. ResMed: With Return Forecast Of 20%, ResMed Is A Better Bet
6	Diodes vs. Align Technology: With Return Forecast Of 65%, Align Technology Is A Better Bet
7	Diodes vs. Fortinet: Both Seem Similar Bets
8	Diodes vs Acadia Healthcare: Similar Market Cap; Which Stock Is A Better Bet?
9	Diodes vs Intuitive Surgical: Similar Income; Which Stock Is A Better Bet?

FDIC Bank Data

Bank Capital

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Bank Deposits

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Bank Assets

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Bank Loans

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FDA Approved Drugs Data

Expand for Morenull

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	$50.39
Market Cap ($ Bil)	2.3
First Trading Date	03/17/1992
Distance from 52W High	-23.3%
	50 Days	200 Days
DMA Price	$50.28	$49.16
DMA Trend	down	down
Distance from DMA	0.2%	2.5%
	3M	1YR
Volatility	53.8%	51.6%
Downside Capture	204.03	167.35
Upside Capture	138.21	117.68
Correlation (SPY)	53.9%	63.1%

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

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	-18.1%	25.0%	17.8%	72.1%	8.6%	4.4%	-8.2%
Annualized Volatility	51.3%	27.5%	19.4%	19.3%	15.2%	17.0%	35.0%
Sharpe Ratio	-0.21	0.79	0.72	2.70	0.34	0.09	-0.08
Correlation With Other Assets		62.3%	63.3%	2.7%	24.2%	38.6%	31.7%

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	-6.0%	18.8%	14.7%	18.7%	11.5%	4.6%	30.8%
Annualized Volatility	44.1%	24.7%	17.1%	15.5%	18.7%	18.9%	48.6%
Sharpe Ratio	0.01	0.69	0.70	0.97	0.50	0.16	0.57
Correlation With Other Assets		67.0%	66.3%	10.1%	16.3%	44.3%	31.9%

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	8.0%	22.5%	14.8%	15.3%	7.0%	5.3%	69.2%
Annualized Volatility	41.5%	24.2%	18.0%	14.7%	17.6%	20.8%	55.8%
Sharpe Ratio	0.33	0.85	0.71	0.86	0.32	0.22	0.90
Correlation With Other Assets		65.4%	64.4%	3.9%	21.7%	42.8%	21.8%

Short Interest

Short Interest: As Of Date	12152025
Short Interest: Shares Quantity	1,790,565
Short Interest: % Change Since 11302025	-11.9%
Average Daily Volume	472,841
Days-to-Cover Short Interest	3.79
Basic Shares Quantity	46,383,000
Short % of Basic Shares	3.9%

Returns Analyses

	Title
0	Would You Still Hold Diodes Stock If It Fell 30%?
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

Earnings Returns History

Expand for More

	Forward Returns
Earnings Date	1D Returns	5D Returns	21D Returns
11/6/2025	-14.5%	-13.1%	-0.8%
8/7/2025	7.9%	14.3%	12.9%
5/8/2025	12.1%	21.4%	27.5%
2/11/2025	3.1%	12.0%	-9.9%
11/7/2024	2.3%	-12.4%	0.6%
8/8/2024	7.5%	10.7%	1.0%
5/9/2024	-9.4%	-5.3%	-6.1%
2/6/2024	-2.2%	-3.2%	4.0%
...
SUMMARY STATS
# Positive	13	11	15
# Negative	11	13	9
Median Positive	4.1%	9.3%	7.8%
Median Negative	-5.2%	-3.9%	-8.3%
Max Positive	12.1%	21.4%	27.5%
Max Negative	-14.5%	-13.1%	-33.2%

	Forward Returns
11/6/2025	-14.5%	-13.1%	-0.8%
8/7/2025	7.9%	14.3%	12.9%
5/8/2025	12.1%	21.4%	27.5%
2/11/2025	3.1%	12.0%	-9.9%
11/7/2024	2.3%	-12.4%	0.6%
8/8/2024	7.5%	10.7%	1.0%
5/9/2024	-9.4%	-5.3%	-6.1%
2/6/2024	-2.2%	-3.2%	4.0%
11/8/2023	-9.0%	5.5%	7.9%
8/8/2023	-5.2%	-7.5%	-8.3%
5/9/2023	5.2%	9.0%	11.5%
2/6/2023	4.1%	4.4%	0.3%
11/7/2022	3.2%	12.9%	18.5%
8/4/2022	-2.2%	-3.9%	-17.9%
5/4/2022	-5.4%	-12.2%	-5.8%
2/9/2022	-3.9%	-2.8%	-15.1%
11/3/2021	5.8%	9.3%	8.9%
8/5/2021	3.0%	3.3%	11.1%
5/6/2021	3.1%	-2.2%	5.3%
2/16/2021	0.2%	-2.4%	4.7%
11/9/2020	-1.2%	2.4%	7.8%
8/6/2020	-0.6%	-0.6%	-8.1%
5/11/2020	-11.5%	-6.2%	2.3%
2/11/2020	4.9%	-1.2%	-33.2%
SUMMARY STATS
# Positive	13	11	15
# Negative	11	13	9
Median Positive	4.1%	9.3%	7.8%
Median Negative	-5.2%	-3.9%	-8.3%
Max Positive	12.1%	21.4%	27.5%
Max Negative	-14.5%	-13.1%	-33.2%

SEC Filings

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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

Insider Activity

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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 (12/28/2025): $50.11 | Market Cap: $2.3 BilSector: Information Technology | Industry: Semiconductors

Diodes (DIOD)

Market Price (12/28/2025): $50.11Market Cap: $2.3 BilSector: Information TechnologyIndustry: Semiconductors

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

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)

INDUSTRY: Semiconductors

Higher Rev Chg 3Y Avg | Lower P/S (Values for DIOD: -8.8% | 1.6x)

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for DIOD: -8.8% | 70.0x)

Higher Rev Chg LTM (Value for DIOD: 10.4%)

Higher Rev Chg 3Y Avg (Value for DIOD: -8.8%)

Higher Op Mgn LTM (Value for DIOD: 2.3%)

Higher CFO/Rev LTM (Value for DIOD: 18.1%)

Higher FCF/Rev LTM (Value for DIOD: 13.1%)

Higher Total Yield (Value for DIOD: 2.7%)

SECTOR: Information Technology

Higher Rev Chg 3Y Avg | Lower P/S (Values for DIOD: -8.8% | 1.6x)

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for DIOD: -8.8% | 70.0x)

Higher Rev Chg LTM (Value for DIOD: 10.4%)

Higher Rev Chg 3Y Avg (Value for DIOD: -8.8%)

Higher Op Mgn LTM (Value for DIOD: 2.3%)

Higher CFO/Rev LTM (Value for DIOD: 18.1%)

Higher FCF/Rev LTM (Value for DIOD: 13.1%)

Higher Total Yield (Value for DIOD: 2.7%)

All Other Sectors

Higher Rev Chg 3Y Avg | Lower P/S (Values for DIOD: -8.8% | 1.6x)

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for DIOD: -8.8% | 70.0x)

Higher Rev Chg LTM (Value for DIOD: 10.4%)

Higher Rev Chg 3Y Avg (Value for DIOD: -8.8%)

Higher Op Mgn LTM (Value for DIOD: 2.3%)

Higher CFO/Rev LTM (Value for DIOD: 18.1%)

Higher FCF/Rev LTM (Value for DIOD: 13.1%)

Higher Total Yield (Value for DIOD: 2.7%)

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Valuation

Market Price (12/28/2025): $50.11 | Market Cap: $2.3 Bil
Sector: Information Technology | Industry: Semiconductors

Market Price (12/28/2025): $50.11
Market Cap: $2.3 Bil
Sector: Information Technology
Industry: Semiconductors