Diodes Incorporated, together with its subsidiaries, provides semiconductor products in Asia, the Americas, and Europe. The company offers MOSFET and SiC MOSFET discrete semiconductor products; data line protection, power line protection, thyrister, USB Type-C protection, and transient voltage suppressor protection devices; Schottky diodes, small signal switching diodes, Zener diodes, and SiC diodes; and bridges, super barrier rectifiers, Schottky rectifiers, Schottky bridge rectifiers, and fast and ultra-fast rectifiers. It also provides avalanche transistors, gate driver transistors, and pre-bias transistors; power management devices, such as AC-DC and DC-DC converters, digital isolators and isolated gate drivers, USB power switches, low dropout, photocoupler, and linear voltage regulators; standard 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. In addition, the company offers mixed-signal products comprising high speed mux/demux, digital switches, interface, redrivers, universal level shifters/voltage translators, clock ICs, and packet switches; low-voltage complementary metal-oxide-semiconductor (CMOS) and CMOS devices, as well as ultra-low power CMOS logic and analog switches; and multichip products, co-packaged discrete, analog, and mixed-signal silicon in miniature packages. Further, it provides silicon and silicon epitaxial wafers; frequency control products; and contact image sensors. The company serves industrial, automotive, computing, consumer, and communications end-markets through direct sales, marketing personnel, independent sales representatives, and distributors. Diodes Incorporated was incorporated in 1959 and is headquartered in Plano, Texas.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $1.5B | $230M | $66M | $137M | 3.5% | 13.0% | 50.2% |
| 2024 | $1.3B | $202M | $44M | $46M | 2.5% | -21.1% | -80.6% |
| 2023 | $1.7B | $421M | $227M | $130M | 13.1% | -16.9% | -31.4% |
| 2022 | $2.0B | $532M | $331M | $181M | 21.9% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 2,000.58 | 1,661.74 | 1,311.12 | 1,482.07 |
| Cost Of Revenue | - | 1,173.34 | 1,003.56 | 875.26 | 1,019.64 |
| Gross Profit | - | 827.24 | 658.18 | 435.86 | 462.44 |
| Operating Expense | - | 422.70 | 408.07 | 384.46 | 426.01 |
| Operating Income | - | 404.54 | 250.11 | 51.40 | 36.43 |
| EBITDA | - | 532.02 | 420.96 | 202.15 | 230.48 |
| EBIT | - | 404.26 | 283.63 | 65.02 | 86.74 |
| Pretax Income | - | 395.94 | 277.93 | 62.68 | 83.96 |
| Tax Provision | - | 56.68 | 47.28 | 11.84 | 14.79 |
| Net Income | - | 331.28 | 227.18 | 44.02 | 66.14 |
| Net Income Common Stockholders | - | 331.28 | 227.18 | 44.02 | 66.14 |
| Total Expenses | - | 1,596.04 | 1,411.63 | 1,259.72 | 1,445.64 |
| Interest Expense | - | 8.32 | 5.70 | 2.33 | 2.78 |
| Interest Income | - | 3.67 | 13.34 | 18.30 | 28.30 |
| Research And Development | - | 126.32 | 134.87 | 134.05 | 162.18 |
| Selling General And Administration | - | 280.88 | 257.94 | 233.91 | 241.61 |
| Normalized EBITDA | - | 542.76 | 407.50 | 209.73 | 207.79 |
| Normalized Income | - | 340.49 | 216.01 | 50.17 | 47.44 |
| Market Cap | 4,803.09 | 4,803.09 | 4,803.09 | 4,803.09 | 4,803.09 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Diodes Incorporatedthis co. | DIOD | $4.8B | 72.62β premium | 2.56 | 3.5% | 19.66 |
| Lyft, Inc. | LYFT | $5.9B | 1.91 | 1.66 | 86.9% | 54.37 |
| OSI Systems, Inc. | OSIS | $4.9B | 32.21 | 5.07 | 15.7% | 20.54 |
| Enphase Energy, Inc. | ENPH | $4.7B | 27.39 | 4.34 | 15.8% | 18.80 |
| Kulicke and Soffa Industries, Inc. | KLIC | $4.7B |
| - |
| - |
| - |
| - |
| - |
| 21549.74 |
| 5.59 |
| 0.0% |
| 114.37 |
| Box, Inc. | BOX | $4.7B | 29.15 | -11.24 | -38.6% | 24.70 |
| RingCentral, Inc. | RNG | $3.7B | 80.71 | -5.95 | -7.4% | 13.74 |
| ACM Research, Inc. | ACMR | $3.6B | 39.19 | 2.52 | 6.4% | 20.37 |
| Badger Meter, Inc. | BMI | $3.6B | 25.10 | 4.98 | 19.9% | - |
| Peer Median | - | 30.68 | 3.43 | 11.1% | 20.54 | |