Diodes (DIOD)
Market Price (7/22/2026): $93.76 | Market Cap: $4.3 BilSector: Information Technology | Industry: Semiconductors
Diodes (DIOD)
Market Price (7/22/2026): $93.76Market Cap: $4.3 BilSector: Information TechnologyIndustry: Semiconductors
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 14% Megatrend and thematic driversMegatrends include Electric Vehicles & Autonomous Driving, Artificial Intelligence, and Automation & Robotics. Themes include EV Manufacturing, Show more. | Weak multi-year price returns2Y Excs Rtn is -23%, 3Y Excs Rtn is -67% | Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -6.3% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -2.5% Key risksDIOD key risks include [1] its heavy reliance on the volatile and cyclical semiconductor market, Show more. |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 14% |
| Megatrend and thematic driversMegatrends include Electric Vehicles & Autonomous Driving, Artificial Intelligence, and Automation & Robotics. Themes include EV Manufacturing, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -23%, 3Y Excs Rtn is -67% |
| Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -6.3% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -2.5% |
| Key risksDIOD key risks include [1] its heavy reliance on the volatile and cyclical semiconductor market, Show more. |
Qualitative Assessment
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Diodes (DIOD) stock has gained about 35% since 3/31/2026 because of the following key factors:
1. Diodes Incorporated reported stronger-than-expected financial results for fiscal Q1 2026 (ended March 31, 2026) and provided robust guidance for fiscal Q2 2026. The company announced on May 7, 2026, that its non-GAAP diluted earnings per share (EPS) reached $0.43, exceeding analysts' consensus estimates of $0.35 by $0.08. Revenue for fiscal Q1 2026 climbed to $405.5 million, a 22.1% year-over-year increase, surpassing analyst expectations of approximately $396.33 million. This performance, which represented the fifth consecutive quarter of double-digit year-over-year growth and a 3.5% sequential gain, defied typical seasonal patterns. For fiscal Q2 2026, Diodes projected revenue of approximately $435 million (plus or minus 3%) and non-GAAP EPS of $0.60 (plus or minus $0.10), indicating continued growth momentum.
2. The company's strategic pivot towards high-growth automotive and industrial markets significantly contributed to its strong performance and investor confidence. In fiscal Q1 2026, the automotive and industrial segments collectively accounted for 44% of Diodes' product revenue. The automotive segment demonstrated 32% year-over-year growth, while the industrial segment grew 31% year-over-year. Management specifically cited strong automotive orders, robust industrial demand, and applications related to AI servers as key drivers for both revenue and earnings expansion. This strategic focus aligns Diodes with lucrative end markets demanding advanced, energy-efficient semiconductors.
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Diodes (DIOD) stock has gained about 35% since 3/31/2026 because of the following key factors:
1. Diodes Incorporated reported stronger-than-expected financial results for fiscal Q1 2026 (ended March 31, 2026) and provided robust guidance for fiscal Q2 2026. The company announced on May 7, 2026, that its non-GAAP diluted earnings per share (EPS) reached $0.43, exceeding analysts' consensus estimates of $0.35 by $0.08. Revenue for fiscal Q1 2026 climbed to $405.5 million, a 22.1% year-over-year increase, surpassing analyst expectations of approximately $396.33 million. This performance, which represented the fifth consecutive quarter of double-digit year-over-year growth and a 3.5% sequential gain, defied typical seasonal patterns. For fiscal Q2 2026, Diodes projected revenue of approximately $435 million (plus or minus 3%) and non-GAAP EPS of $0.60 (plus or minus $0.10), indicating continued growth momentum.
2. The company's strategic pivot towards high-growth automotive and industrial markets significantly contributed to its strong performance and investor confidence. In fiscal Q1 2026, the automotive and industrial segments collectively accounted for 44% of Diodes' product revenue. The automotive segment demonstrated 32% year-over-year growth, while the industrial segment grew 31% year-over-year. Management specifically cited strong automotive orders, robust industrial demand, and applications related to AI servers as key drivers for both revenue and earnings expansion. This strategic focus aligns Diodes with lucrative end markets demanding advanced, energy-efficient semiconductors.
3. A positive broader semiconductor market upcycle, particularly fueled by AI and data center investments, provided a favorable operating environment. The global semiconductor market has transitioned into a more complex upcycle, with improving demand momentum in fiscal Q2 2026, especially driven by data center investments and Edge AI applications. The automotive and industrial sectors within the semiconductor market also regained momentum and showed increased demand visibility. Analysts forecast the global semiconductor industry to reach $975 billion in annual sales in 2026, with a projected growth of 26%, largely propelled by the intensifying AI infrastructure boom.
4. The announcement of a strategic acquisition is expected to be immediately accretive and enhance Diodes' market position. On July 14, 2026, Diodes announced a definitive agreement to acquire ElevATE Semiconductor for $250 million in an all-cash transaction. ElevATE specializes in integrated circuits for the Automated Test Equipment (ATE) industry. This acquisition is anticipated to be immediately accretive to Diodes' revenue, gross margin, and EPS, with an expected addition of approximately $50 million in revenue during the first twelve months post-close. Furthermore, ElevATE's revenue is projected to grow at a compound annual growth rate of over 20% for the next four years, with gross margins significantly higher than Diodes' corporate average. This move expands Diodes' analog and mixed-signal portfolio and positions it to capitalize on accelerated growth opportunities in the ATE market driven by increasing complexity of ICs for automotive, industrial, data center, and AI applications.
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Stock Movement Drivers
Fundamental Drivers
The 37.3% change in DIOD stock from 3/31/2026 to 7/21/2026 was primarily driven by a 23.2% change in the company's Net Income Margin (%).| (LTM values as of) | 3312026 | 7212026 | Change |
|---|---|---|---|
| Stock Price ($) | 68.26 | 93.75 | 37.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,482 | 1,555 | 4.9% |
| Net Income Margin (%) | 4.5% | 5.5% | 23.2% |
| P/E Multiple | 47.7 | 50.3 | 5.5% |
| Shares Outstanding (Mil) | 46 | 46 | 0.6% |
| Cumulative Contribution | 37.3% |
Market Drivers
3/31/2026 to 7/21/2026| Return | Correlation | |
|---|---|---|
| DIOD | 37.3% | |
| Market (SPY) | 15.1% | 61.2% |
| Sector (XLK) | 36.0% | 72.0% |
Fundamental Drivers
The 90.0% change in DIOD stock from 12/31/2025 to 7/21/2026 was primarily driven by a 41.1% change in the company's P/E Multiple.| (LTM values as of) | 12312025 | 7212026 | Change |
|---|---|---|---|
| Stock Price ($) | 49.34 | 93.75 | 90.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,430 | 1,555 | 8.8% |
| Net Income Margin (%) | 4.5% | 5.5% | 22.5% |
| P/E Multiple | 35.7 | 50.3 | 41.1% |
| Shares Outstanding (Mil) | 46 | 46 | 1.0% |
| Cumulative Contribution | 90.0% |
Market Drivers
12/31/2025 to 7/21/2026| Return | Correlation | |
|---|---|---|
| DIOD | 90.0% | |
| Market (SPY) | 10.0% | 50.7% |
| Sector (XLK) | 25.7% | 58.5% |
Fundamental Drivers
The 77.3% change in DIOD stock from 6/30/2025 to 7/21/2026 was primarily driven by a 188.7% change in the company's Net Income Margin (%).| (LTM values as of) | 6302025 | 7212026 | Change |
|---|---|---|---|
| Stock Price ($) | 52.89 | 93.75 | 77.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,341 | 1,555 | 16.0% |
| Net Income Margin (%) | 1.9% | 5.5% | 188.7% |
| P/E Multiple | 96.0 | 50.3 | -47.6% |
| Shares Outstanding (Mil) | 46 | 46 | 1.0% |
| Cumulative Contribution | 77.3% |
Market Drivers
6/30/2025 to 7/21/2026| Return | Correlation | |
|---|---|---|
| DIOD | 77.3% | |
| Market (SPY) | 22.1% | 50.5% |
| Sector (XLK) | 43.4% | 55.0% |
Fundamental Drivers
The 1.4% change in DIOD stock from 6/30/2023 to 7/21/2026 was primarily driven by a 293.5% change in the company's P/E Multiple.| (LTM values as of) | 6302023 | 7212026 | Change |
|---|---|---|---|
| Stock Price ($) | 92.49 | 93.75 | 1.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,986 | 1,555 | -21.7% |
| Net Income Margin (%) | 16.6% | 5.5% | -66.9% |
| P/E Multiple | 12.8 | 50.3 | 293.5% |
| Shares Outstanding (Mil) | 46 | 46 | -0.7% |
| Cumulative Contribution | 1.4% |
Market Drivers
6/30/2023 to 7/21/2026| Return | Correlation | |
|---|---|---|
| DIOD | 1.4% | |
| Market (SPY) | 74.8% | 55.4% |
| Sector (XLK) | 111.9% | 57.2% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| DIOD Return | 56% | -31% | 6% | -23% | -20% | 77% | 24% |
| Peers Return | 44% | -14% | 29% | -9% | 6% | 43% | 120% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 9% | 98% |
Monthly Win Rates [3] | |||||||
| DIOD Win Rate | 75% | 33% | 67% | 50% | 42% | 71% | |
| Peers Win Rate | 65% | 38% | 62% | 35% | 47% | 51% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 43% | |
Max Drawdowns [4] | |||||||
| DIOD Max Drawdown | -24% | -46% | -37% | -38% | -48% | -29% | |
| Peers Max Drawdown | -16% | -31% | -27% | -27% | -39% | -24% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: ON, TXN, NXPI, MCHP, ADI. 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] 2026 data is for the year up to 7/21/2026 (YTD)
How Low Can It Go
| Event | DIOD | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -40.0% | -18.8% |
| % Gain to Breakeven | 66.7% | 23.1% |
| Time to Breakeven | 84 days | 79 days |
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -27.1% | -7.8% |
| % Gain to Breakeven | 37.2% | 8.5% |
| Time to Breakeven | 610 days | 18 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -34.0% | -9.5% |
| % Gain to Breakeven | 51.5% | 10.5% |
| Time to Breakeven | 889 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -17.4% | -6.7% |
| % Gain to Breakeven | 21.1% | 7.1% |
| Time to Breakeven | 30 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -45.1% | -24.5% |
| % Gain to Breakeven | 82.1% | 32.4% |
| Time to Breakeven | 1404 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -33.1% | -33.7% |
| % Gain to Breakeven | 49.4% | 50.9% |
| Time to Breakeven | 39 days | 140 days |
In The Past
Diodes's stock fell -40.0% during the 2025 US Tariff Shock. Such a loss loss requires a 66.7% gain to breakeven.
Preserve Wealth
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Asset Allocation
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| Event | DIOD | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -40.0% | -18.8% |
| % Gain to Breakeven | 66.7% | 23.1% |
| Time to Breakeven | 84 days | 79 days |
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -27.1% | -7.8% |
| % Gain to Breakeven | 37.2% | 8.5% |
| Time to Breakeven | 610 days | 18 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -34.0% | -9.5% |
| % Gain to Breakeven | 51.5% | 10.5% |
| Time to Breakeven | 889 days | 24 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -45.1% | -24.5% |
| % Gain to Breakeven | 82.1% | 32.4% |
| Time to Breakeven | 1404 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -33.1% | -33.7% |
| % Gain to Breakeven | 49.4% | 50.9% |
| Time to Breakeven | 39 days | 140 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -30.6% | -6.8% |
| % Gain to Breakeven | 44.1% | 7.3% |
| Time to Breakeven | 301 days | 15 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -34.3% | -17.9% |
| % Gain to Breakeven | 52.1% | 21.8% |
| Time to Breakeven | 115 days | 123 days |
| 2010 Eurozone Sovereign Debt Crisis / Flash Crash | ||
| % Loss | -34.5% | -15.4% |
| % Gain to Breakeven | 52.6% | 18.2% |
| Time to Breakeven | 145 days | 125 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -89.0% | -53.4% |
| % Gain to Breakeven | 809.0% | 114.4% |
| Time to Breakeven | 833 days | 1085 days |
In The Past
Diodes's stock fell -40.0% during the 2025 US Tariff Shock. Such a loss loss requires a 66.7% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Diodes (DIOD)
Diodes Incorporated (DIOD) is a global semiconductor company specializing in the design, manufacturing, and supply of application-specific standard products. The company focuses on low pin count semiconductor devices within the discrete, logic, analog, and mixed-signal markets. In essence, Diodes produces the fundamental electronic components necessary for a wide array of electronic systems and devices to operate.
The company's extensive product portfolio is categorized into three main areas. Discrete semiconductor products include crucial components like MOSFETs, various rectifiers (such as Schottky and Zener), and transistors. Its analog offerings feature power management solutions like AC-DC and DC-DC converters, voltage regulators, and LED lighting drivers, alongside linear devices such as operational amplifiers and sensors. Furthermore, Diodes provides mixed-signal products, encompassing high-speed switches, interfaces, clock integrated circuits, and both standard and ultra-low power logic devices.
These essential semiconductor components are supplied to a diverse range of industries worldwide. Diodes primarily serves the consumer electronics, computing, communications, industrial, and automotive markets, providing critical building blocks for the functionality of numerous electronic systems in these sectors.
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- Like Texas Instruments (TI) for a broad catalog of standard discrete, analog, and logic semiconductor components.
- Similar to Infineon Technologies for general-purpose discrete, analog, and mixed-signal electronic parts.
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- Discrete Semiconductor Devices: These include a wide range of components such as MOSFETs, rectifiers, diodes, transistors, and transient voltage suppressors.
- Analog Semiconductor Devices: This category comprises power management devices, linear devices, LED lighting drivers, audio amplifiers, and sensor products.
- Mixed-Signal Semiconductor Devices: These products integrate both analog and digital functionalities, such as high-speed mux/demux, interfaces, redrivers, and clock ICs.
- Logic Semiconductor Devices: This includes various low-voltage and high-speed CMOS logic products and analog switches.
- Multichip Products: These are co-packaged discrete, analog, and mixed-signal silicon solutions in miniature packages.
- Silicon Wafers: The company supplies silicon and silicon epitaxial wafers for semiconductor manufacturing.
- Crystals and Oscillators: These are timing devices used in various electronic applications.
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Diodes Incorporated (DIOD) sells its products primarily to other companies.
The provided company description does not list specific customer company names. However, it indicates that Diodes sells its products into the following major markets, which represent its primary customer categories:
- Consumer Electronics Market
- Computing Market
- Communications Market
- Industrial Market
- Automotive Market
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Gary Yu, Chief Executive Officer, President and Director
Gary Yu was promoted to President of Diodes Incorporated effective January 2024, and assumed the role of Chief Executive Officer on May 13, 2025. Before joining Diodes in 2008, he served over 10 years as Vice President at Lite-On Semiconductor Corporation. Yu also held positions in IT, finance, and capacity planning at Texas Instruments.
Brett R. Whitmire, Chief Financial Officer and Principal Accounting Officer
Brett R. Whitmire was appointed Chief Financial Officer of Diodes Incorporated effective March 1, 2019. He has over 30 years of industry experience and had been with Diodes for over eight years prior to his CFO appointment. Before joining Diodes, Whitmire served as CFO for the Analog and Sensors Division at Freescale Semiconductor. He also worked for 20 years at Texas Instruments, where he held various finance and operational leadership positions, including seven years as vice president.
Dr. Keh-Shew Lu, Chairman of the Board
Dr. Keh-Shew Lu currently serves as the Chairman of the Board of Diodes Incorporated, a role he has held concurrently with his previous position as CEO until May 2025. He became Chief Executive Officer and President of Diodes Incorporated on June 1, 2005. Dr. Lu also served as CEO of Pericom Semiconductor Corp. from November 2015. He has a distinguished 27-year career at Texas Instruments, where he was a Senior Vice President of TI's worldwide Analog, Logic, and Mixed-Signal business group and President at TI Asia.
Francis Tang, Senior Vice President, Worldwide Discrete Products
Francis Tang has been the Vice President of Worldwide Discrete Products at Diodes Inc. since May 2006, and was previously Global Product Manager from August 2005 to May 2006. He brings over 20 years of experience in digital, analog, and mixed-signal product development and customer support. His prior roles include serving as General Manager of T2 Microelectronics Shanghai and Xian, China, a subsidiary of Acer Labs, Inc., where he led multiple SoC product development projects from 2001 to 2005. From 1996 to 2001, he worked for Acer Labs, Inc. USA, focusing on strategic marketing and mixed-signal IP developments, and also held various engineering and marketing positions at National Semiconductor Corp. for 16 years.
Emily Yang, Senior Vice President, Worldwide Sales and Marketing
Emily Yang serves as the Senior Vice President, Worldwide Sales and Marketing for Diodes Incorporated. She joined Diodes Inc. in December 2017 as Vice President Worldwide Sales and Marketing.
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Highly Competitive and Cyclical Semiconductor Industry
Diodes operates within a fiercely competitive semiconductor industry characterized by rapid technological advancements and intense rivalry from larger companies with greater resources. This environment necessitates continuous innovation and cost reduction to maintain a competitive edge. The company is also exposed to the cyclical nature of the semiconductor market, where demand fluctuations in key end-markets such as consumer electronics, computing, communications, industrial, and automotive can significantly impact net sales, operating results, and gross margins, potentially rendering inventory obsolete. Furthermore, Diodes faces ongoing pressure from customers and competitors to reduce product prices.
Geopolitical Risks and Reliance on Chinese Manufacturing
A substantial portion of Diodes' manufacturing operations is concentrated in China, exposing the company to significant geopolitical risks. Potential disruptions could arise from regulatory changes or economic instability within the region. The company's extensive international operations also subject it to risks such as unfavorable currency exchange rates, trade restrictions, tariffs, or embargoes, which can adversely affect its business and financial condition.
Supply Chain Dependencies
Diodes is reliant on third-party suppliers for raw materials and components essential to its manufacturing processes. This dependency introduces risks of supply disruptions, which could stem from various factors including natural disasters, geopolitical events, or supplier-specific issues. Such disruptions, along with potential quality control problems with sourced components, could negatively impact Diodes' production schedules, product quality, and ability to meet customer demand.
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The addressable markets for Diodes Incorporated's main products and services, primarily within the discrete, logic, analog, and mixed-signal semiconductor markets, are substantial on a global scale.
- Discrete Semiconductor Market: The global discrete semiconductor market size was estimated at approximately USD 68.58 billion in 2025 and is projected to increase to around USD 159.13 billion by 2035. Another estimate indicates the global market was valued at USD 52.77 billion in 2026 and is expected to reach USD 101.53 billion by 2033.
- Logic Semiconductor Market: The global logic semiconductor market (including logic integrated circuits) was valued at approximately USD 142.99 billion in 2025 and is projected to grow to USD 245.46 billion by 2034. Another source reported the global market size at USD 147.88 billion in 2025, with a forecast to reach USD 231.38 billion by 2034.
- Analog Semiconductor Market: The global analog semiconductor market size was valued at around USD 93.71 billion in 2025 and is projected to grow to USD 154.05 billion by 2034. Other estimates place the global market size at USD 108.1 billion in 2025, with a projection to reach USD 187.9 billion in 2034.
- Mixed-Signal Semiconductor Market: The global mixed-signal IC market size was valued at approximately USD 120.05 billion in 2025 and is projected to grow to USD 200.55 billion by 2034. Another report states the global market size was USD 135.56 billion in 2025 and is predicted to increase to about USD 211.20 billion by 2034.
- Diode Market (specific product): The global diode market size reached USD 18.16 billion in 2025 and is projected to hit USD 19.24 billion in 2026, with an estimated growth to USD 25.67 billion by 2031.
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Diodes Incorporated (DIOD) anticipates several key drivers to fuel its revenue growth over the next two to three years:
- Expansion in Automotive, Industrial, and AI-related Computing Markets: Diodes is strategically focusing on and dedicating significant resources to the automotive and industrial sectors, which accounted for a combined 42% of its product revenue in Q4 2025. This growth is driven by the increasing semiconductor content in electric vehicles, advanced driver-assistance systems, and the adoption of AI in manufacturing and automation. Additionally, the computing segment, particularly AI-related server applications, saw a 25% year-over-year increase in Q4 2025, with the company's content in AI server applications rising to $103 from $90 in the prior year.
- Launch of New Products and Strategic Design Wins: The company is actively expanding its product portfolio, having introduced over 650 new part numbers in 2025, with approximately 40% specifically targeting the automotive market. This product expansion, alongside securing strategic design deals with industry leaders, is a key component of Diodes' growth strategy and its total system solutions sales approach.
- Strategic Focus on High-Growth Markets and Key Accounts: Diodes' strategic priorities include implementing a total system solutions sales approach and intensely focusing on key accounts and high-growth markets. This involves investing in technology leadership in target products, fab processes, and advanced packaging, particularly within the higher-margin automotive, industrial, analog, and discrete power solutions segments.
- Overall Market Recovery and Increased Demand: Diodes' management has expressed optimism about market conditions, with an outlook for Q1 2026 projecting approximately $395 million in revenue, representing a 19% year-over-year increase. This is significantly better than typical seasonality, indicating a broader recovery and robust demand in the semiconductor industry that is expected to benefit the company.
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Share Repurchases
- Diodes authorized a $100 million stock repurchase program on May 8, 2025, which is set to expire on December 31, 2030.
- The company repurchased $33.8 million of common stock during the full year 2025.
- As of December 31, 2025, $66.2 million remained available under the authorized repurchase program.
Outbound Investments
- In 2025, Diodes entered into a joint venture to acquire a 43% interest in ATX Semiconductor SDN, aiming to enhance synergies in testing and packaging.
Capital Expenditures
- Capital expenditures amounted to $78.4 million in 2025.
- For the full year 2024, capital expenditures were $46.4 million.
- The company's capital expenditure strategy focuses on manufacturing expansion, especially in assembly/test and wafer fabrication facilities, and technological advancements, with a target range of 5% to 9% of net sales.
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 183.45 |
| Mkt Cap | 57.1 |
| Rev LTM | 9,339 |
| Op Inc LTM | 2,138 |
| FCF LTM | 1,868 |
| FCF 3Y Avg | 1,728 |
| CFO LTM | 2,222 |
| CFO 3Y Avg | 2,458 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 11.0% |
| Rev Chg 3Y Avg | -3.9% |
| Rev Chg Q | 20.3% |
| QoQ Delta Rev Chg LTM | 4.6% |
| Op Inc Chg LTM | 21.8% |
| Op Inc Chg 3Y Avg | -15.0% |
| Op Mgn LTM | 21.5% |
| Op Mgn 3Y Avg | 24.8% |
| QoQ Delta Op Mgn LTM | 2.2% |
| CFO/Rev LTM | 23.6% |
| CFO/Rev 3Y Avg | 26.2% |
| FCF/Rev LTM | 19.8% |
| FCF/Rev 3Y Avg | 17.2% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 57.1 |
| P/S | 7.8 |
| P/Op Inc | 42.2 |
| P/EBIT | 41.6 |
| P/E | 53.3 |
| P/CFO | 29.8 |
| Total Yield | 2.8% |
| Dividend Yield | 1.3% |
| FCF Yield 3Y Avg | 3.0% |
| D/E | 0.1 |
| Net D/E | 0.0 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -14.5% |
| 3M Rtn | 4.2% |
| 6M Rtn | 40.9% |
| 12M Rtn | 45.0% |
| 3Y Rtn | 18.9% |
| 1M Excs Rtn | -14.6% |
| 3M Excs Rtn | -0.3% |
| 6M Excs Rtn | 31.4% |
| 12M Excs Rtn | 24.9% |
| 3Y Excs Rtn | -48.8% |
Comparison Analyses
Price Behavior
| Market Price | $93.75 | |
| Market Cap ($ Bil) | 4.3 | |
| First Trading Date | 03/17/1992 | |
| Distance from 52W High | -23.6% | |
| 50 Days | 200 Days | |
| DMA Price | $102.42 | $73.02 |
| DMA Trend | up | up |
| Distance from DMA | -8.5% | 28.4% |
| 3M | 1YR | |
| Volatility | 73.9% | 61.9% |
| Downside Capture | 484.69 | 218.37 |
| Upside Capture | 347.99 | 235.25 |
| Correlation (SPY) | 60.1% | 50.5% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 3.32 | 3.21 | 2.89 | 2.49 | 2.37 | 1.84 |
| Up Beta | 0.50 | 1.66 | 1.86 | 2.04 | 2.69 | 1.66 |
| Down Beta | 4.14 | 2.93 | 3.65 | 3.73 | 3.14 | 2.02 |
| Up Capture | 503% | 408% | 471% | 489% | 396% | 693% |
| Bmk +ve Days | 11 | 24 | 40 | 67 | 140 | 429 |
| Stock +ve Days | 11 | 22 | 39 | 74 | 130 | 375 |
| Down Capture | 302% | 348% | 280% | 138% | 141% | 112% |
| Bmk -ve Days | 10 | 17 | 23 | 58 | 112 | 321 |
| Stock -ve Days | 10 | 19 | 24 | 51 | 120 | 373 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with DIOD | |
|---|---|---|---|---|
| DIOD | 70.9% | 61.8% | 1.10 | - |
| Sector ETF (XLK) | 39.3% | 24.7% | 1.29 | 55.5% |
| Equity (SPY) | 20.3% | 12.6% | 1.19 | 50.7% |
| Gold (GLD) | 21.6% | 28.1% | 0.69 | 19.2% |
| Commodities (DBC) | 31.4% | 19.1% | 1.30 | 2.1% |
| Real Estate (VNQ) | 15.0% | 14.0% | 0.76 | 5.5% |
| Bitcoin (BTCUSD) | -44.6% | 42.9% | -1.25 | 17.8% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with DIOD | |
|---|---|---|---|---|
| DIOD | 4.9% | 47.9% | 0.26 | - |
| Sector ETF (XLK) | 19.8% | 25.6% | 0.69 | 65.1% |
| Equity (SPY) | 12.9% | 17.1% | 0.58 | 62.2% |
| Gold (GLD) | 17.3% | 18.4% | 0.76 | 12.4% |
| Commodities (DBC) | 8.9% | 19.5% | 0.35 | 12.8% |
| Real Estate (VNQ) | 2.9% | 18.9% | 0.05 | 37.9% |
| Bitcoin (BTCUSD) | 14.9% | 53.4% | 0.46 | 27.3% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with DIOD | |
|---|---|---|---|---|
| DIOD | 18.2% | 43.9% | 0.54 | - |
| Sector ETF (XLK) | 24.6% | 24.8% | 0.90 | 64.6% |
| Equity (SPY) | 15.2% | 17.9% | 0.72 | 62.4% |
| Gold (GLD) | 11.2% | 16.1% | 0.57 | 8.8% |
| Commodities (DBC) | 7.2% | 17.9% | 0.32 | 18.9% |
| Real Estate (VNQ) | 5.1% | 20.7% | 0.21 | 39.5% |
| Bitcoin (BTCUSD) | 58.7% | 66.2% | 0.99 | 20.3% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 6/15/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/12/2026 | -1.4% | -9.4% | 3.3% |
| 2/12/2026 | -1.4% | -5.0% | -8.6% |
| 11/6/2025 | -14.5% | -13.1% | -0.8% |
| 8/11/2025 | 5.2% | 3.8% | 3.3% |
| 5/12/2025 | 2.1% | 0.4% | 7.0% |
| 2/14/2025 | 3.1% | 1.5% | -12.9% |
| 11/12/2024 | -4.1% | -6.9% | 11.1% |
| 8/12/2024 | 3.6% | 5.7% | -2.9% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 17 | 16 | 16 |
| # Negative | 7 | 8 | 8 |
| Median Positive | 3.1% | 3.9% | 4.1% |
| Median Negative | -1.9% | -3.9% | -4.0% |
| Max Positive | 7.8% | 12.9% | 18.5% |
| Max Negative | -14.5% | -13.1% | -12.9% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/12/2026 | -1.4% | -9.4% | 3.3% |
| 2/12/2026 | -1.4% | -5.0% | -8.6% |
| 11/6/2025 | -14.5% | -13.1% | -0.8% |
| 8/11/2025 | 5.2% | 3.8% | 3.3% |
| 5/12/2025 | 2.1% | 0.4% | 7.0% |
| 2/14/2025 | 3.1% | 1.5% | -12.9% |
| 11/12/2024 | -4.1% | -6.9% | 11.1% |
| 8/12/2024 | 3.6% | 5.7% | -2.9% |
| 5/13/2024 | 2.0% | 4.1% | 5.9% |
| 2/8/2024 | 1.8% | 0.6% | 4.5% |
| 11/13/2023 | 7.8% | 11.7% | 18.2% |
| 8/10/2023 | -1.3% | -1.2% | -2.2% |
| 5/16/2023 | 3.2% | 1.7% | 3.4% |
| 2/6/2023 | 4.1% | 4.4% | 0.3% |
| 11/7/2022 | 3.2% | 12.9% | 18.5% |
| 8/9/2022 | 4.2% | 8.7% | -9.3% |
| 5/9/2022 | 2.4% | 1.9% | 3.5% |
| 2/14/2022 | 6.2% | -1.3% | 0.1% |
| 11/5/2021 | 2.4% | 4.4% | 1.4% |
| 8/9/2021 | 0.3% | 1.8% | 4.0% |
| 5/12/2021 | 2.3% | 4.9% | 11.4% |
| 2/22/2021 | -3.7% | -1.1% | -0.4% |
| 11/16/2020 | -1.9% | -2.7% | 4.3% |
| 8/10/2020 | 2.1% | 2.8% | -5.2% |
| SUMMARY STATS | |||
| # Positive | 17 | 16 | 16 |
| # Negative | 7 | 8 | 8 |
| Median Positive | 3.1% | 3.9% | 4.1% |
| Median Negative | -1.9% | -3.9% | -4.0% |
| Max Positive | 7.8% | 12.9% | 18.5% |
| Max Negative | -14.5% | -13.1% | -12.9% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/07/2026 | 10-Q |
| 12/31/2025 | 02/10/2026 | 10-K |
| 09/30/2025 | 11/06/2025 | 10-Q |
| 06/30/2025 | 08/07/2025 | 10-Q |
| 03/31/2025 | 05/08/2025 | 10-Q |
| 12/31/2024 | 02/14/2025 | 10-K |
| 09/30/2024 | 11/07/2024 | 10-Q |
| 06/30/2024 | 08/08/2024 | 10-Q |
| 03/31/2024 | 05/09/2024 | 10-Q |
| 12/31/2023 | 02/09/2024 | 10-K |
| 09/30/2023 | 11/08/2023 | 10-Q |
| 06/30/2023 | 08/08/2023 | 10-Q |
| 03/31/2023 | 05/09/2023 | 10-Q |
| 12/31/2022 | 02/10/2023 | 10-K |
| 09/30/2022 | 11/07/2022 | 10-Q |
| 06/30/2022 | 08/04/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/07/2026 | 10-Q |
| 12/31/2025 | 02/10/2026 | 10-K |
| 09/30/2025 | 11/06/2025 | 10-Q |
| 06/30/2025 | 08/07/2025 | 10-Q |
| 03/31/2025 | 05/08/2025 | 10-Q |
| 12/31/2024 | 02/14/2025 | 10-K |
| 09/30/2024 | 11/07/2024 | 10-Q |
| 06/30/2024 | 08/08/2024 | 10-Q |
| 03/31/2024 | 05/09/2024 | 10-Q |
| 12/31/2023 | 02/09/2024 | 10-K |
| 09/30/2023 | 11/08/2023 | 10-Q |
| 06/30/2023 | 08/08/2023 | 10-Q |
| 03/31/2023 | 05/09/2023 | 10-Q |
| 12/31/2022 | 02/10/2023 | 10-K |
| 09/30/2022 | 11/07/2022 | 10-Q |
| 06/30/2022 | 08/04/2022 | 10-Q |
| 03/31/2022 | 05/04/2022 | 10-Q |
| 12/31/2021 | 02/18/2022 | 10-K |
| 09/30/2021 | 11/03/2021 | 10-Q |
| 06/30/2021 | 08/05/2021 | 10-Q |
| 03/31/2021 | 05/06/2021 | 10-Q |
| 12/31/2020 | 02/22/2021 | 10-K |
| 09/30/2020 | 11/09/2020 | 10-Q |
| 06/30/2020 | 08/06/2020 | 10-Q |
| 03/31/2020 | 05/11/2020 | 10-Q |
| 12/31/2019 | 02/12/2020 | 10-K |
| 09/30/2019 | 11/04/2019 | 10-Q |
| 06/30/2019 | 08/05/2019 | 10-Q |
Recent Forward Guidance
Updated 7/12/2026Latest: Q1 2026 Earnings Reported 5/12/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q2 2026 Revenue | 421.95 Mil | 435.00 Mil | 448.05 Mil | 10.1% | Higher New | Guidance: 395.00 Mil for Q1 2026 | |
| Q2 2026 GAAP Gross Margin | 31.8% | 32.8% | 33.8% | 1.3% | Higher New | Guidance: 31.5% for Q1 2026 | |
| Q2 2026 Non-GAAP Adjusted EPS | 0.5 | 0.6 | 0.7 | ||||
Prior: Q4 2025 Earnings Reported 2/12/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q1 2026 Revenue | 383.15 Mil | 395.00 Mil | 406.85 Mil | 3.9% | Higher New | Guidance: 380.00 Mil for Q4 2025 | |
| Q1 2026 GAAP Gross Margin | 30.5% | 31.5% | 32.5% | 0.5% | Higher New | Guidance: 31.0% for Q4 2025 | |
| Q1 2026 Non-GAAP Operating Expenses | 0.26 | 0.27 | 0.28 | -0.5% | Lower New | Guidance: 0.27 for Q4 2025 | |
| Q1 2026 Net Interest Income | 1.00 Mil | 0 | Same New | Guidance: 1.00 Mil for Q4 2025 | |||
| Q1 2026 Income Tax Rate | 15.5% | 18.5% | 21.5% | 0 | Same New | Guidance: 18.5% for Q4 2025 | |
| 2028 Annual Revenue | 2.00 Bil | ||||||
| 2028 Annual Gross Profit | 700.00 Mil | ||||||
| 2028 Non-GAAP EPS | 4 | ||||||
Q3 2025 Earnings Reported 11/6/2025
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q4 2025 Revenue | 368.60 Mil | 380.00 Mil | 391.40 Mil | -3.1% | Lower New | Guidance: 392.00 Mil for Q3 2025 | |
| Q4 2025 GAAP Gross Margin | 30.0% | 31.0% | 32.0% | -0.6% | Lower New | Guidance: 31.6% for Q3 2025 | |
| Q4 2025 Non-GAAP Operating Expenses | 0.26 | 0.27 | 0.28 | 1.0% | Higher New | Guidance: 0.26 for Q3 2025 | |
| Q4 2025 Net Interest Income | 1.00 Mil | 0 | Same New | Guidance: 1.00 Mil for Q3 2025 | |||
| Q4 2025 Income Tax Rate | 15.5% | 18.5% | 21.5% | 0.5% | Higher New | Guidance: 18.0% for Q3 2025 | |
| Q4 2025 Diluted Shares | 46.40 Mil | -0.2% | Lower New | Guidance: 46.50 Mil for Q3 2025 | |||
Insider Activity
Updated 5/27/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Yang, Emily | SVP Worldwide Sales/Marketing | Direct | Sell | 5272026 | 110.08 | 3,000 | 330,240 | 6,811,530 | Form |
| 2 | Tang, Francis | Chief Technology Officer | Direct | Sell | 5272026 | 110.08 | 5,000 | 550,400 | 9,551,421 | Form |
| 3 | Yu, Gary | President and CEO | Direct | Sell | 5272026 | 110.08 | 3,632 | 399,811 | 11,904,822 | Form |
| 4 | Tsong, Andy | SVP Worldwide Products Group | Direct | Sell | 5272026 | 106.95 | 1,582 | 169,203 | 5,152,022 | Form |
| 5 | Zhao, Jin | President, Diodes Asia | Direct | Sell | 5272026 | 106.86 | 3,689 | 394,209 | 4,651,749 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Yang, Emily | SVP Worldwide Sales/Marketing | Direct | Sell | 5272026 | 110.08 | 3,000 | 330,240 | 6,811,530 | Form |
| 2 | Tang, Francis | Chief Technology Officer | Direct | Sell | 5272026 | 110.08 | 5,000 | 550,400 | 9,551,421 | Form |
| 3 | Yu, Gary | President and CEO | Direct | Sell | 5272026 | 110.08 | 3,632 | 399,811 | 11,904,822 | Form |
| 4 | Tsong, Andy | SVP Worldwide Products Group | Direct | Sell | 5272026 | 106.95 | 1,582 | 169,203 | 5,152,022 | Form |
| 5 | Zhao, Jin | President, Diodes Asia | Direct | Sell | 5272026 | 106.86 | 3,689 | 394,209 | 4,651,749 | Form |
| 6 | Yang, Emily | SVP Worldwide Sales/Marketing | Direct | Sell | 5272026 | 107.52 | 2,000 | 215,040 | 6,975,689 | Form |
| 7 | Tang, Francis | Chief Technology Officer | Direct | Sell | 5272026 | 108.00 | 4,137 | 446,796 | 9,910,944 | Form |
| 8 | Yang, Emily | SVP Worldwide Sales/Marketing | Direct | Sell | 5212026 | 96.81 | 2,000 | 193,620 | 6,474,459 | Form |
| 9 | Yang, Emily | SVP Worldwide Sales/Marketing | Direct | Sell | 5192026 | 101.47 | 2,000 | 202,930 | 6,988,706 | Form |
| 10 | Whitmire, Brett R | CFO | Direct | Sell | 5132026 | 103.34 | 16,556 | 1,710,905 | 4,612,293 | Form |
| 11 | Zhao, Jin | President, Diodes Asia | Direct | Sell | 5132026 | 102.36 | 2,760 | 282,516 | 4,833,482 | Form |
| 12 | Tsong, Andy | SVP Worldwide Products Group | Direct | Sell | 5132026 | 110.00 | 2,652 | 291,720 | 5,472,720 | Form |
| 13 | Tang, Francis | Chief Technology Officer | Direct | Sell | 5132026 | 108.00 | 3,643 | 393,444 | 10,357,740 | Form |
| 14 | Yang, Emily | SVP Worldwide Sales/Marketing | Direct | Sell | 2262026 | 69.89 | 2,154 | 150,551 | 4,953,911 | Form |
| 15 | Yu, Gary | President and CEO | Direct | Sell | 2262026 | 70.00 | 2,000 | 140,000 | 7,676,970 | Form |
| 16 | Lu, Keh Shew | Lu Grandchildren's Trust | Sell | 2242026 | 67.78 | 46,734 | 3,167,845 | 15,261,838 | Form | |
| 17 | Lu, Keh Shew | Texastac Investments, LP | Sell | 2242026 | 67.74 | 64,266 | 4,353,257 | 12,201,732 | Form | |
| 18 | Yang, Emily | SVP Worldwide Sales/Marketing | Direct | Sell | 2172026 | 71.89 | 1,000 | 71,891 | 5,250,365 | Form |
| 19 | Yu, Gary | President and CEO | Direct | Sell | 2042026 | 60.85 | 2,900 | 176,465 | 6,795,180 | Form |
| 20 | Yang, Emily | SVP Worldwide Sales/Marketing | Direct | Sell | 2042026 | 60.85 | 950 | 57,808 | 4,504,847 | Form |
| 21 | Whitmire, Brett R | CFO | Direct | Sell | 2042026 | 60.85 | 830 | 50,506 | 4,085,530 | Form |
| 22 | Zhao, Jin | President, Diodes Asia | Direct | Sell | 2042026 | 59.19 | 525 | 31,075 | 2,958,316 | Form |
| 23 | Lu, Keh Shew | Lu Grandchildren's Trust | Sell | 11132025 | 47.40 | 3,905 | 185,086 | 12,886,635 | Form | |
| 24 | Lu, Keh Shew | Texastac Investments, LP | Sell | 11132025 | 47.46 | 2,095 | 99,419 | 11,597,909 | Form | |
| 25 | Yang, Emily | SVP Worldwide Sales/Marketing | Direct | Sell | 8282025 | 56.36 | 1,000 | 56,360 | 3,352,236 | Form |
| 26 | Whitmire, Brett R | CFO | Direct | Sell | 8282025 | 55.90 | 2,000 | 111,790 | 2,726,390 | Form |
| 27 | Yang, Emily | SVP Worldwide Sales/Marketing | Direct | Sell | 8212025 | 53.22 | 1,000 | 53,217 | 3,218,535 | Form |
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Industry Resources
| Information Technology Resources |
| TechCrunch |
| Wired |
| CIO |
| MIT Technology Review |
| Gartner Insights |
| Ars Technica |
| Semiconductors Resources |
| EE Times |
| Semiconductor Engineering |
| Semiconductor Digest |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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