DIOD
Diodes Incorporated50.39
-0.15-0.3%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Q&A spotlights fab shifts, margin paths
Q&A elaborated on Diodes' three-year interim targets, stressing 45%+ gross profit flow-through from revenue growth resolving underloading, plus product mix gains in auto, industrial, and AI servers. Management disclosed manufacturing services agreements end this year, with promising ramps at own g-fab and s-p fabs to aid margins from 2027 onward. Supply disruptions like Nexperia offer portfolio expansion at key customers, sans low-margin chase. Backlogs and bookings signal robust demand despite Chinese New Year. Fab transitions matter for the thesis.
Key Stats
Market Cap
2.34BP/E (TTM)
36.51Basic EPS (TTM)
1.38Dividend Yield
0%Recent Filings
8-K
Auditor switch to PwC
8-K
Q4 revenue beats, AI drives growth
Diodes reported Q4 2025 revenue of $391.6M, up 15.4% year-over-year, with full-year sales hitting $1.5B, a 13% rise fueled by 25% computing growth for AI servers, plus automotive and industrial gains. Gross margin ticked to 31.1%, while Q1 2026 guidance eyes $395M revenue—19% above last year—and 31.5% margins. Targets $2B revenue in three years. Strong cash flow powers buybacks.
10-K
FY2025 results
Diodes Incorporated posted FY2025 net sales of $1.5B, up 13.0% y/y from $1.3B—the strongest annual growth since 2021—with Q4 marking the fourth straight quarter of double-digit y/y gains, fueled by AI server demand in computing alongside automotive and industrial strength. Gross margin slipped to 31.2% from 33.2% on product mix shifts, while operating income fell 29.7% to $35.5M amid higher R&D; yet net income jumped 50.2% to $66.1M ($1.43 diluted EPS) thanks to $28.6M unrealized investment gains. Q4 momentum accelerated across all markets, with units shipped hitting 45B (up from 39B in 2024). Cash flow from operations soared to $215.5M; $33.8M share buybacks executed. Global economic weakness could stall this quarterly surge.
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