Inferra AI / Company / DIOD

Diodes Inc.

DIOD · Information Technology

Last earnings Aug 12, 2026 · Next earnings Nov 5, 2026

Key results

Revenuequarter

$366.2 million

Revenue for the second quarter 2025 was $366.2 million, an increase of 14% over $319.8 million in the second-quarter 2024 and a 10% increase over $332.1 million in the first-quarter 2025.

SEC original ↗Diodes Inc. — Earnings release (8-K exhibit)EX-99Aug 11, 2025

Gross profit for the second quarter was $115.3 million or 31.5% of revenue compared to $107.4 million or 33.6% of revenue in the prior-year quarter and $104.7 million or 31.5% of revenue in the prior quarter.

SEC original ↗Diodes Inc. — Earnings release (8-K exhibit)EX-99Aug 11, 2025

GAAP operating expenses for the second quarter were $105.9 million or 28.9% of revenue and on a non-GAAP basis, were $99.8 million or 27.3% of revenue, which excludes $5.8 million amortization of acquisition-related intangible asset expenses.

SEC original ↗Diodes Inc. — Earnings release (8-K exhibit)EX-99Aug 11, 2025

This compares to GAAP operating expenses in the second-quarter 2024 of $103.7 million or 32.4% of revenue and $103.4 million or 31.1% of revenue in the prior quarter.

SEC original ↗Diodes Inc. — Earnings release (8-K exhibit)EX-99Aug 11, 2025

Non-GAAP operating expenses in the prior quarter were $97.1 million or 29.3% of revenue.

SEC original ↗Diodes Inc. — Earnings release (8-K exhibit)EX-99Aug 11, 2025

GAAP net incomequarter

$46.1 million

GAAP net income for the second quarter was $46.1 million or $0.99 per diluted share compared to net income of $8.0 million or $0.17 per diluted share in the prior-year quarter and a net loss of $4.4 million or $0.10 per diluted share last quarter.

SEC original ↗Diodes Inc. — Earnings release (8-K exhibit)EX-99Aug 11, 2025

Call Non-GAAP adjusted net incomequarter

$15.0 million

August 07, 2025 / 9:00PM UTC, Q2 2025 Diodes Inc Earnings Call Non-GAAP adjusted net income in the second quarter was $15.0 million or $0.32 per diluted share, which excluded, net of tax, $23.4 million non-cash unrealized mark-to-market gain on investment value adjustment, $12.7 million gain on disposal of a subsidiary, and $4.8 million of acquisition-related intangible asset cost.

SEC original ↗Diodes Inc. — Earnings release (8-K exhibit)EX-99Aug 11, 2025

EBITDA for the second quarter was $84.5 million or 23.1% of revenue compared to $41.1 million or 12.8% of revenue in the prior-year period and $26.2 million or 7.9% of revenue in the prior quarter.

SEC original ↗Diodes Inc. — Earnings release (8-K exhibit)EX-99Aug 11, 2025

AI analysis

Q2 2025 · reported Aug 11, 2025

Based on: Earnings release + parent 8-K + 10-Q — transcript not held

Revenue · Q2 2025

$366.2M

EX-99 · Aug 11, 2025

Diluted EPS · GAAP · Q2 2025

$0.99

EX-99 · Aug 11, 2025

GAAP net income · Q2 2025

$46.1M

EX-99 · Aug 11, 2025

Diluted EPS · non-GAAP · Q2 2025

$0.32

EX-99 · Aug 11, 2025

Headline figures

Metric	Q2 2025	Prior qtr	Year ago
Revenue	$366.2 million	—	—
GAAP net income	$46.1 million	—	—
Call Non-GAAP adjusted net income	$15.0 million	—	—

EX-99 · Aug 11, 2025

Guidance · company-stated

No guidance located in the held release

Stated figure35%

“gross margin is expected to expand to 35%”

Next earningsNov 5, 2026Verified from the company’s own announcement

Capital allocation

Free cash flow$21.1M

Capex$20.4M

Revenue5%

Free cash flow was $21.1 million, which included $20.4 million of capital expenditures.

General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

Baird & Co Inc - Analyst PRESENTATION Operator Good afternoon, and welcome to Diodes Incorporated second-quarter 2025 financial results conference call

Based on: Earnings release + parent 8-K + 10-Q — transcript not held

Guidance & outlook

No guidance located in the held release

Capital allocation

Free cash flow was $21.1 million, which included $20.4 million of capital expenditures.

SEC original ↗Diodes Inc. — Earnings release (8-K exhibit)EX-99Aug 11, 2025

Net cash flow was a negative $18.2 million, including approximately $49.2 million from an increase in equity investment and $10.0 million for the stock buyback program.

SEC original ↗Diodes Inc. — Earnings release (8-K exhibit)EX-99Aug 11, 2025

And total debt, including long-term and short-term, was approximately $54 million.

SEC original ↗Diodes Inc. — Earnings release (8-K exhibit)EX-99Aug 11, 2025

Capital expenditures on a cash basis were $20.4 million for the second quarter, or 5.6% of revenue, which was at the low end of our targeted range of 5% to 9% of revenue.

SEC original ↗Diodes Inc. — Earnings release (8-K exhibit)EX-99Aug 11, 2025

No dividends were paid on our Common Stock in any of the periods presented in this report.

SEC original ↗Diodes Inc. — 10-Q Quarterly report10-QAug 5, 2026

During the three months ended June 30, 2026, the Company repurchased 0.1 million shares of its common stock for an aggregate purchase price of $ 10.0 million.

SEC original ↗Diodes Inc. — 10-Q Quarterly report10-QAug 5, 2026

Strategy & priorities

Additionally, the channel inventory depletion continued to limit increased loading at our manufacturing facilities, resulting in underloading costs also being a headwind to gross margin expansion.

SEC original ↗Diodes Inc. — Earnings release (8-K exhibit)EX-99Aug 11, 2025

During the second quarter, we further extended our new product initiative with over 100 new part numbers introduced, of which over 50% were automotive parts.

SEC original ↗Diodes Inc. — Earnings release (8-K exhibit)EX-99Aug 11, 2025

The China automakers are increasingly focused on the in-cabin experience, with more features like ADAS, infotainment, smart cockpit, telematics, and lighting, which is driving demand for Diodes’ products and our content per car.

SEC original ↗Diodes Inc. — Earnings release (8-K exhibit)EX-99Aug 11, 2025

As the demand continues to drive utilization improvement and inventory digestion extends across the Automotive-Industrial market, in particular, we are very well positioned with a broadened portfolio of products and increasing design wins to drive continued growth and future margin expansion.

SEC original ↗Diodes Inc. — Earnings release (8-K exhibit)EX-99Aug 11, 2025

So the product mix improvement initiative has been a key focus for Diodes for a period of time.

SEC original ↗Diodes Inc. — Earnings release (8-K exhibit)EX-99Aug 11, 2025

Risks & headwinds

In addition, management's prepared remarks contain forward-looking statements, which are subject to risks and uncertainties.

SEC original ↗Diodes Inc. — Earnings release (8-K exhibit)EX-99Aug 11, 2025

And therefore, we refer you to a more detailed discussion of the risks and uncertainties in the company's filings with the Securities and Exchange Commission, including Forms 10-K and 10-Q.

SEC original ↗Diodes Inc. — Earnings release (8-K exhibit)EX-99Aug 11, 2025

Additionally, the channel inventory depletion continued to limit increased loading at our manufacturing facilities, resulting in underloading costs also being a headwind to gross margin expansion.

SEC original ↗Diodes Inc. — Earnings release (8-K exhibit)EX-99Aug 11, 2025

But I guess, how do you parse out how much of this could potentially be related to tariff-driven pull-ins, which we've heard from nearly all companies reporting this earnings season?

SEC original ↗Diodes Inc. — Earnings release (8-K exhibit)EX-99Aug 11, 2025

I think what we've seen, the tariff pull-ins are really small immaterial overall, right?

SEC original ↗Diodes Inc. — Earnings release (8-K exhibit)EX-99Aug 11, 2025

I really want to emphasize to everybody here is like, we really want to qualify our internal wafer fab to offset the headwind from our wafer service agreement that kind of slowed down demand in the future.

SEC original ↗Diodes Inc. — Earnings release (8-K exhibit)EX-99Aug 11, 2025

Documents

Earnings deck slides

0 decks with slide view

Diodes Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

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