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 |
| Operating 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 |
| Research And Development | - | 126.32 | 134.87 | 134.05 | 162.18 |
| Selling General And Administration | - | 280.88 | 257.94 | 233.91 | 241.61 |
| Total Expenses | - | 1,596.04 | 1,411.63 | 1,259.72 | 1,445.64 |
| Operating Income | - | 404.54 | 250.11 | 51.40 | 36.43 |
| Total Operating Income As Reported | - | 408.19 | 250.57 | 50.45 | 35.46 |
| EBITDA | - | 532.02 | 420.96 | 202.15 | 230.48 |
| Normalized EBITDA | - | 542.76 | 407.50 | 209.73 | 207.79 |
| EBIT | - | 404.26 | 283.63 | 65.02 | 86.74 |
| Interest Income | - | 3.67 | 13.34 | 18.30 | 28.30 |
| Interest Expense | - | 8.32 | 5.70 | 2.33 | 2.78 |
| Net Interest Income | - | -4.65 | 7.64 | 15.97 | 25.53 |
| Other Non Operating Income Expenses | - | 6.79 | 6.72 | 2.89 | -0.69 |
| Other Income Expense | - | -3.95 | 20.19 | -4.69 | 22 |
| Interest Income Non Operating | - | 3.67 | 13.34 | 18.30 | 28.30 |
| Interest Expense Non Operating | - | 8.32 | 5.70 | 2.33 | 2.78 |
| Net Non Operating Interest Income Expense | - | -4.65 | 7.64 | 15.97 | 25.53 |
| Pretax Income | - | 395.94 | 277.93 | 62.68 | 83.96 |
| Tax Provision | - | 56.68 | 47.28 | 11.84 | 14.79 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -1.54 | 2.29 | -1.43 | 3.99 |
| Net Income Continuous Operations | - | 339.26 | 230.65 | 50.84 | 69.17 |
| Net Income From Continuing And Discontinued Operation | - | 331.28 | 227.18 | 44.02 | 66.14 |
| Net Income From Continuing Operation Net Minority Interest | - | 331.28 | 227.18 | 44.02 | 66.14 |
| Net Income | - | 331.28 | 227.18 | 44.02 | 66.14 |
| Net Income Common Stockholders | - | 331.28 | 227.18 | 44.02 | 66.14 |
| Net Income Including Noncontrolling Interests | - | 339.26 | 230.65 | 50.84 | 69.17 |
| Normalized Income | - | 340.49 | 216.01 | 50.17 | 47.44 |
| Diluted NI Availto Com Stockholders | - | 331.28 | 227.18 | 44.02 | 66.14 |
| Basic Average Shares | - | 45.33 | 45.80 | 46.21 | 46.34 |
| Diluted Average Shares | - | 46.04 | 46.31 | 46.41 | 46.41 |
| Reconciled Depreciation | - | 127.76 | 137.33 | 137.14 | 143.75 |
| Reconciled Cost Of Revenue | - | 1,061.19 | 881.51 | 754.62 | 898.12 |
| Total Unusual Items | - | -10.74 | 13.46 | -7.58 | 22.69 |
| Total Unusual Items Excluding Goodwill | - | -10.74 | 13.46 | -7.58 | 22.69 |
| Minority Interests | - | -7.97 | -3.47 | -6.82 | -3.03 |
| Special Income Charges | - | 3.65 | 0.46 | -0.95 | 6.95 |
| Gain On Sale Of Business | - | - | 0 | 0 | 13.73 |
| Write Off | - | - | - | - | 5.82 |
| Restructuring And Mergern Acquisition | - | 0 | 1.58 | 8.59 | 0.39 |
| Gain On Sale Of Security | - | -14.39 | 13 | -6.63 | 15.74 |
| Depreciation Amortization Depletion Income Statement | - | 15.61 | 15.28 | 16.50 | 22.23 |
| Depreciation And Amortization In Income Statement | - | 15.61 | 15.28 | 16.50 | 22.23 |
| Gain On Sale Of Ppe | - | 3.65 | 2.04 | 7.64 | -0.57 |
| Other Operating Expenses | 1 | -0.11 | -0.02 | 0 | - |
| Amortization | - | 15.61 | 15.28 | 16.50 | 22.23 |
| Amortization Of Intangibles Income Statement | - | 15.61 | 15.28 | 16.50 | 22.23 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Diodes Incorporatedthis co. | DIOD | $5.2B | 78.15β premium | 2.75 | 3.5% | 21.25 |
| Kulicke and Soffa Industries, Inc. | KLIC | $5.6B | 26417.05 | 6.85 | 0.0% | 141.24 |
| Lyft, Inc. | LYFT | $5.4B | 1.89 | 1.64 | 86.9% | 53.59 |
| EPAM Systems, Inc. | EPAM | $5.1B | 13.50 | 1.39 | 10.3% | 5.75 |
| Axcelis Technologies, Inc. | ACLS | $5.0B |
| - |
| - |
| - |
| - |
| - |
| 41.37 |
| 4.81 |
| 11.6% |
| 28.80 |
| Power Integrations, Inc. | POWI | $4.8B | 215.13 | 7.06 | 3.3% | 117.83 |
| SolarEdge Technologies, Inc. | SEDG | $4.4B | -10.97 | 10.41 | -94.8% | -12.64 |
| ACI Worldwide, Inc. | ACIW | $4.3B | 19.00 | 2.83 | 14.9% | 10.53 |
| Ultra Clean Holdings, Inc. | UCTT | $4.2B | -23.18 | 5.91 | -25.5% | -144.65 |
| Peer Median | - | 16.25 | 5.36 | 6.8% | 19.66 | |