Financial Performance - Fourth quarter revenue for 2025 was $391.6 million, a 15.4% increase year-over-year, and the full year revenue grew by 13%[3][4] - GAAP gross profit for the fourth quarter was $121.9 million, with a gross profit margin of 31.1%, compared to 32.7% in the fourth quarter of 2024[4][6] - GAAP net income for the fourth quarter was $10.2 million, or $0.22 per diluted share, up from $8.2 million, or $0.18 per diluted share, in the same quarter last year[8][9] - Non-GAAP adjusted net income was $15.7 million, or $0.34 per diluted share, compared to $12.5 million, or $0.27 per diluted share, in the fourth quarter of 2024[9][10] - EBITDA for the fourth quarter was $41.9 million, representing 10.7% of revenue, down from 12.0% in the fourth quarter of 2024[12] - Net sales for Q4 2025 reached $391.578 million, a 15.4% increase from $339.298 million in Q4 2024[24] - Gross profit for Q4 2025 was $121.930 million, up 10.3% from $110.884 million in Q4 2024[24] - Net income attributable to common stockholders for Q4 2025 was $10.202 million, a 23.8% increase from $8.241 million in Q4 2024[24] - Non-GAAP adjusted net income for Q4 2025 was $15.678 million, compared to $12.465 million in Q4 2024, representing a 25.5% increase[25] - Diluted earnings per share (EPS) for Q4 2025 was $0.22, up from $0.18 in Q4 2024, marking a 22.2% increase[24] - For the twelve months ended December 31, 2025, net income was $66.141 million, a 50.3% increase from $44.024 million in 2024[28] - Non-GAAP diluted EPS for the twelve months ended December 31, 2025 was $1.22, compared to $1.31 in 2024, reflecting a decrease of 6.9%[28] Operational Metrics - Cash flow from operations for the fourth quarter was $38.1 million, with free cash flow totaling $12.4 million, including $25.7 million in capital expenditures[13] - Free cash flow (FCF) for Q4 2025 was $12.4 million, indicating the cash generated after capital expenditures[42] - Total operating expenses for Q4 2025 were $108.725 million, an increase from $98.967 million in Q4 2024, indicating a rise of 9.8%[24] - GAAP operating expenses for the fourth quarter were $108.7 million, or 27.8% of revenue, compared to 29.2% in the fourth quarter of 2024[7] - Research and development expenses increased to $41.150 million in Q4 2025, compared to $33.207 million in Q4 2024, reflecting a 23.9% rise[24] Market Insights - The automotive market saw a 25% increase in revenue for the full year, contributing significantly to overall growth[3] - The company expects first quarter 2026 revenue to be approximately $395 million, a 19% increase year-over-year, with a GAAP gross margin of 31.5%[16] Balance Sheet Highlights - The company had approximately $382 million in cash and cash equivalents as of December 31, 2025[14] - Total assets as of December 31, 2025, were $2.448 billion, an increase from $2.386 billion as of December 31, 2024[47] - Cash and cash equivalents increased to $367.212 million in 2025 from $308.671 million in 2024, showing a growth of approximately 19%[47] - Total stockholders' equity rose to $1.878 billion in 2025, compared to $1.795 billion in 2024, marking an increase of about 4.6%[47] - Long-term debt increased to $24.224 million in 2025 from $19.563 million in 2024, indicating a rise of approximately 23.5%[47] - Accounts receivable decreased to $307.055 million in 2025 from $325.517 million in 2024, a decline of about 5.7%[47] - Inventories slightly decreased to $471.546 million in 2025 from $474.948 million in 2024, a reduction of approximately 0.7%[47] Other Financial Metrics - The company recorded a gain of $13.730 million from the disposal of a subsidiary during the twelve months ended December 31, 2025[28] - The company reported a net interest expense of $5.680 million for Q4 2025, compared to $4.426 million in Q4 2024, reflecting an increase of approximately 28.3%[45] - EBITDA for Q4 2025 was $41.943 million, compared to $40.746 million in Q4 2024, reflecting a year-over-year increase of approximately 2.9%[45] - Net income for Q4 2025 was $10.202 million, up from $8.241 million in Q4 2024, representing a growth of approximately 24%[45]

Diodes (NASDAQ: DIOD) stock is roaring higher on Wednesday following the publication of the company's fourth-quarter results. The company's share price was up 27.4% as of 3:30 p.m. ET. Diodes published its Q4 results after yesterday's market close, posting sales and earnings that handily topped Wall Street's forecasts. In addition to the Q4 beats, the company issued strong forward guidance and set three-year performance targets. Will AI create the world's first trillionaire? Our team just released a repor ...

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Diodes (DIOD) came out with quarterly earnings of $0.34 per share, beating the Zacks Consensus Estimate of $0.26 per share. This compares to earnings of $0.27 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +30.77%. A quarter ago, it was expected that this semiconductor components maker would post earnings of $0.38 per share when it actually produced earnings of $0.37, delivering a surprise of -2.63%.Over the last four quarter ...

Financial Data and Key Metrics Changes - Fourth quarter revenue grew 15% year-over-year to $391.6 million, with full year revenue increasing 13% to $1.5 billion [5][10] - Gross profit for the fourth quarter was $121.9 million, representing 31.1% of revenue, compared to 32.7% in the prior year quarter [11] - GAAP net income for the fourth quarter was $10.2 million, or $0.22 per diluted share, up from $8.2 million, or $0.18 per diluted share in the prior year [14][15] - Free cash flow increased to $137.2 million for the full year, up from $46.4 million in 2024 [20] Business Line Data and Key Metrics Changes - Revenue from the computing market grew 25% for the full year, primarily driven by AI server-related applications [6][30] - Automotive revenue increased 20% for the full year, with a 6% sequential growth in the fourth quarter [27] - Industrial revenue was flat sequentially but increased 13% for the full year [29] - Consumer market revenue was down 5% sequentially but up 8% for the full year [33] Market Data and Key Metrics Changes - Asia represented 78% of revenue, Europe 12%, and North America 10% in the fourth quarter [26] - The automotive and industrial markets combined accounted for 42% of product revenue, a 1% increase from the previous quarter [26] - Channel inventory decreased, indicating a recovery in demand across markets [25] Company Strategy and Development Direction - The company aims to achieve $2.5 billion in revenue and $1 billion in gross profit by focusing on automotive, industrial, and AI server-related applications [8][9] - A three-year interim target of $2 billion in annual revenue with approximately $700 million in gross profit has been introduced [8] - Continued investment in product mix improvements and manufacturing efficiency is prioritized to drive margin expansion [9] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about market demand improving in 2026, particularly in key segments [40] - The company anticipates a strong first quarter 2026 with revenue guidance of approximately $395 million, representing a 19% year-over-year increase [22] - Management highlighted the importance of maintaining a strong backlog and booking ratio, indicating a positive outlook for recovery [56] Other Important Information - The effective income tax rate for the fourth quarter was approximately 14.9%, with an expected rate of 18% for 2026 [14] - Total debt at the end of the fourth quarter was approximately $56 million, with cash and equivalents totaling around $382 million [20] Q&A Session Summary Question: Can you walk us through the targets and how you see getting there? - Management emphasized commitment to achieving long-term goals and highlighted the importance of driving share in key market segments [37] Question: Is the gross margin improvement due to operational efficiencies? - Management confirmed that improvements in cost structure and manufacturing efficiency are contributing to gross margin enhancements [39] Question: Should the interim goal be contemplated for calendar 2028? - Management confirmed that the interim goal is indeed targeted for achievement by 2028 [44] Question: What is the impact of manufacturing services agreements ending this year? - Management indicated that the end of these agreements is expected to positively impact gross profit margins starting next year [48] Question: How is the company addressing potential seasonality from the Lunar holiday? - Management acknowledged the typical impact of the holiday but noted strong backlog and bookings, leading to a positive outlook for Q1 [56]

Diodes (NasdaqGS:DIOD) Q4 2025 Earnings call February 10, 2026 05:00 PM ET Company ParticipantsBrett Whitmire - CFOEmily Yang - SVP of Worldwide Sales and MarketingGary Yu - President and CEOLeanne Sievers - PresidentConference Call ParticipantsDavid Williams - Equity Research AnalystWilliam Stein - Managing Director and Senior AnalystOperatorGood afternoon, everyone, and welcome to Diodes Incorporated's fourth quarter and full year 2025 financial results conference call. At this time, all participants are ...

Financial Data and Key Metrics Changes - The company reported fourth quarter revenue of $391.6 million, a 15.4% increase year-over-year, and a full year revenue of $1.5 billion, up 13% from 2024 [10][11] - Gross profit for the fourth quarter was $121.9 million, representing 31.1% of revenue, compared to 32.7% in the prior year quarter [11] - GAAP net income for the fourth quarter was $10.2 million, or $0.22 per diluted share, compared to $8.2 million, or $0.18 per diluted share in the prior year quarter [14][15] Business Line Data and Key Metrics Changes - The computing market saw a 25% increase for the full year, primarily driven by AI server-related applications [5] - Automotive revenue grew 6% sequentially and 20% for the full year, indicating improved inventory and demand [26] - Industrial revenue was flat sequentially but increased 13% for the full year, with strong demand in power, sensing, and automation applications [29] Market Data and Key Metrics Changes - Asia represented 78% of revenue, Europe 12%, and North America 10% in the fourth quarter [25] - The automotive and industrial markets combined accounted for 42% of product revenue, a one percentage point increase from the previous quarter [25] - The company introduced over 650 new part numbers in 2025, with 40% targeting the automotive market [26] Company Strategy and Development Direction - The company aims to achieve $2.5 billion in revenue and $1 billion in gross profit by focusing on automotive, industrial, and AI server-related applications [8][9] - Continued emphasis on product mix improvements and manufacturing efficiency to drive margin expansion [9] - The company is strategically supporting key customers in automotive and communication markets to enhance design win momentum [24] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about market recovery, particularly in key segments, and anticipates above-seasonal revenue results in the coming quarter [6][22] - The company expects a 19% year-over-year revenue increase for the first quarter of 2026, indicating strong demand [22][43] - Management highlighted the importance of improving cost structure and product mix to enhance gross margins [41][49] Other Important Information - Cash flow provided by operations was $38.1 million for the fourth quarter, with free cash flow of $12.4 million [19] - The company returned $33.8 million to shareholders through a stock buyback program, contributing to a positive net cash flow of $57.6 million for the full year [20] Q&A Session Summary Question: Can you walk us through the targets and how you see getting there? - Management emphasized commitment to achieving long-term goals and highlighted the importance of driving share in key market segments [38] Question: Is the gross margin improvement due to operational efficiencies? - Management confirmed that improvements in cost structure and manufacturing efficiency are contributing to gross margin enhancement [41] Question: What is the outlook for growth through the year? - Management indicated a promising market demand and suggested using Q1 guidance as a reference for the full year [42][43] Question: Should we consider the new targets as achievable by calendar 2028? - Management confirmed that the interim goal is set for achievement by 2028 [46] Question: What is the impact of underutilization charges on gross margins? - Management acknowledged that underutilization charges are a key factor in gross margin improvement, alongside product mix enhancements [49] Question: Can you clarify the status of manufacturing services agreements? - Management indicated that these agreements are coming to an end, with expected benefits from new wafer fabs starting next year [51]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 002-25577 DIODES INCORPORATED (Exact name of registrant as specified in its charter) Delaware 95-2039518 (State or other jurisdiction of incorporat ...

Fourth Quarter 2025 Financial Results Diodes Incorporated (DIOD) Plano, TX, USA February 10, 2026 Safe Harbor Statement Page 1 Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: Any statements set forth above that are not historical facts are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Such statements include statements containing forward-looking words such as ...

Investor Relations Diodes Incorporated (DIOD) Plano, TX, USA February 10, 2026 Safe Harbor Statement Page 1 Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: Any statements set forth above that are not historical facts are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Such statements include statements containing forward-looking words such as "expect," "anticip ...