Diodes Inc

Latest Results (06.10.2025):

Diodes Inc. reported strong financial performance for the second quarter of 2025, demonstrating significant revenue growth and a substantial increase in net income compared to the same period last year. The company continues to exhibit robust growth momentum, anticipating further gains in the upcoming third quarter.

Revenue Growth

Diodes Inc. achieved revenue of $366.2 million in Q2 2025, surpassing revenue expectations with a 10% sequential increase and a 14% year-over-year growth. This marks the third consecutive quarter of year-over-year revenue growth, driven by increased demand across all regions, particularly with double-digit growth in Asia.

Profitability Improvements

The company reported a GAAP gross profit of $115.3 million, maintaining a gross margin of 31.5%. Non-GAAP adjusted net income reached $15.0 million, or $0.32 per diluted share, reflecting a nearly 70% sequential growth. EBITDA also saw a significant rise to $84.5 million, representing 23.1% of revenue.

Net Income Surge

GAAP net income for Q2 2025 was $46.1 million, equivalent to $0.99 per diluted share, a substantial increase from $8.0 million, or $0.17 per diluted share, in Q2 2024. This improvement was driven by effective expense management and increased gross profit despite headwinds from underloading costs.

Positive Business Outlook

Looking ahead to the third quarter of 2025, Diodes Inc. expects revenue to reach approximately $392 million, reflecting a 7% sequential and 12% year-over-year increase. This growth is anticipated to be fueled by strong demand in Asia for AI-related computing applications, consumer electronics, and the growing EV automotive market in China.

Balanced Financial Position

As of June 30, 2025, Diodes Inc. maintained a solid financial position with $333 million in cash and cash equivalents, restricted cash, and short-term investments. Total debt was kept low at approximately $54 million, and working capital stood at $871 million, ensuring the company is well-positioned to support its growth initiatives.