Financial Data and Key Metrics Changes - The company achieved record revenue of $350.4 million in Q4 2020, a 13.2% increase on a consolidated basis and a 7.8% increase organically from $309.5 million in Q3 2020 [18] - Gross profit for Q4 was also a record at $122.7 million, with a gross margin of 35.0% on a consolidated basis [18] - GAAP net income for Q4 2020 was $29.7 million or $0.59 per diluted share, compared to $27.2 million or $0.51 per diluted share in Q3 2020 [21] - Non-GAAP adjusted net income for Q4 was $37.3 million or $0.74 per diluted share, compared to $32.8 million or $0.62 per diluted share in Q3 2020 [22] Business Line Data and Key Metrics Changes - Revenue from the automotive market grew 24% sequentially and 40% year-over-year, contributing to solid market share gains [11] - The computing segment represented 23% of revenue, with record quarterly revenue driven by Pericom products [33][45] - The industrial market saw an 18% sequential revenue increase, driven by applications in solar power inverters and smart metering systems [38] Market Data and Key Metrics Changes - In Q4, Asia accounted for 81% of revenue, Europe 11%, and North America 8% [31] - The automotive market represented 12% of total revenue, reflecting strong growth in connected driving and powertrain applications [34] - Distributor inventory weeks decreased, indicating a tightening supply chain, which is expected to normalize soon [32] Company Strategy and Development Direction - The company is focused on integrating Lite-On Semiconductor (LSC) to capitalize on synergies across end markets and product offerings [12][47] - There is an emphasis on expanding R&D to enhance product differentiation and market penetration, particularly in industrial and automotive segments [62][64] - The company aims to leverage its internal capacity and the acquisition of LSC to gain market share from competitors facing capacity constraints [51][54] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about continued growth, projecting Q1 2021 revenue to reach approximately $400 million, a 14% sequential increase [28] - The ongoing semiconductor supply shortage is seen as an opportunity for the company to strengthen its market position [52] - Management highlighted the importance of maintaining strong customer relationships and adapting to market dynamics to ensure long-term growth [70] Other Important Information - The company reported cash flow from operations of $60.8 million and free cash flow of $33.5 million for Q4 2020 [25] - Total inventory days decreased to approximately 114 days, indicating improved inventory management [26] - The company plans to ramp up production capacity in its Shanghai FAB and other facilities to meet growing demand [76] Q&A Session Summary Question: Timeline for sales synergies from Lite-On acquisition - Management indicated that product qualification at Lite-On's facilities is nearly complete, with expectations to ramp up production by the end of the year [49][50] Question: Benefits from Lite-On's underutilized manufacturing capacity - Management noted that the current semiconductor supply shortage benefits Diodes, allowing them to capture market share from competitors [52] Question: Visibility into second quarter and rest of the year - Management refrained from providing specific guidance beyond Q1 but indicated a positive outlook for 2021 [59] Question: Incremental R&D investment for Lite-On products - Management plans to increase R&D at Lite-On to match Diodes' levels and focus on introducing differentiated products [62][64] Question: Stickiness of new customer gains - Management believes that new opportunities created by market changes will lead to long-term customer relationships [70] Question: Gross margin expectations with increased utilization - Management expects gradual improvements in gross margins as LSC products are qualified and integrated [71][72]

Diodes Incorporated (NASDAQ:DIOD) Q3 2020 Earnings Conference Call November 9, 2020 5:00 PM ET Company Participants Leanne Sievers - President of Shelton Group, Investor Relations Keh-Shew Lu - Chairman, President & Chief Executive Officer Brett Whitmire - Chief Financial Officer Emily Yang - Vice President of Worldwide Sales & Marketing Conference Call Participants Gary Mobley - Wells Fargo Securities Shawn Harrison - Loop Capital Matt Ramsay - Cowen Tristan Gerra - Baird Operator Good afternoon, and welco ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2020 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 ...

[PART I – FINANCIAL INFORMATION](index=3&type=section&id=PART%20I%20%E2%80%93%20FINANCIAL%20INFORMATION) This section details the company's financial statements, management's analysis, market risks, and internal controls [Item 1. Financial Statements](index=3&type=section&id=Item%201.%20Financial%20Statements) This section provides unaudited condensed consolidated financial statements and notes on accounting policies, key financial items [Condensed Consolidated Balance Sheets](index=3&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) The company's condensed consolidated balance sheets detail assets, liabilities, and equity at specific reporting dates Balance Sheet Summary | Metric | June 30, 2020 (Unaudited) ($ thousands) | December 31, 2019 ($ thousands) | | :--------------------------------------- | :-------------------------------------- | :------------------------------ | | **Assets** | | | | Cash and cash equivalents | $503,206 | $258,390 | | Total current assets | $1,126,485 | $809,959 | | Total assets | $1,937,163 | $1,639,384 | | **Liabilities** | | | | Total current liabilities | $325,335 | $285,322 | | Total liabilities | $741,536 | $486,601 | | **Equity** | | | | Total stockholders' equity | $1,143,385 | $1,106,424 | | Total equity | $1,195,627 | $1,152,783 | | Total liabilities and stockholders' equity | $1,937,163 | $1,639,384 | - Total assets increased by **$297.8 million (18.2%)** from December 31, 2019, to June 30, 2020, primarily driven by a significant increase in cash and cash equivalents[8](index=8&type=chunk) - Total liabilities increased by **$254.9 million (52.4%)** from December 31, 2019, to June 30, 2020, largely due to an increase in long-term debt[6](index=6&type=chunk) [Condensed Consolidated Statements of Operations](index=4&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) The company's condensed consolidated statements of operations detail net sales, gross profit, and net income for the reporting periods Statements of Operations Summary | Metric | Three Months Ended June 30, 2020 ($ thousands) | Three Months Ended June 30, 2019 ($ thousands) | Six Months Ended June 30, 2020 ($ thousands) | Six Months Ended June 30, 2019 ($ thousands) | | :----------------------------------------- | :--------------------------------------------- | :--------------------------------------------- | :------------------------------------------- | :------------------------------------------- | | Net sales | $288,669 | $322,006 | $569,386 | $624,299 | | Gross profit | $101,492 | $121,988 | $197,334 | $234,399 | | Income from operations | $30,869 | $48,516 | $56,721 | $90,639 | | Net income attributable to common stockholders | $21,033 | $36,284 | $41,201 | $68,000 | | Basic EPS | $0.41 | $0.72 | $0.80 | $1.35 | | Diluted EPS | $0.40 | $0.70 | $0.78 | $1.32 | - Net sales decreased by **10.4%** for the three months ended June 30, 2020, and by **8.8%** for the six months ended June 30, 2020, compared to the respective prior year periods[13](index=13&type=chunk) - Diluted EPS decreased by **42.9%** for the three months ended June 30, 2020, and by **40.9%** for the six months ended June 30, 2020, compared to the respective prior year periods[13](index=13&type=chunk) [Condensed Consolidated Statements of Comprehensive Income](index=5&type=section&id=Condensed%20Consolidated%20Statements%20of%20Comprehensive%20Income) The company's condensed consolidated statements of comprehensive income include net income and other comprehensive income components Statements of Comprehensive Income Summary | Metric | Three Months Ended June 30, 2020 ($ thousands) | Three Months Ended June 30, 2019 ($ thousands) | Six Months Ended June 30, 2020 ($ thousands) | Six Months Ended June 30, 2019 ($ thousands) | | :------------------------------------------------- | :--------------------------------------------- | :--------------------------------------------- | :------------------------------------------- | :------------------------------------------- | | Net income | $21,388 | $36,703 | $41,788 | $68,439 | | Unrealized (loss) gain on defined benefit plan, net of tax | $(16,570) | $1,020 | $(6,851) | $(5,009) | | Unrealized gain (loss) on swaps and collars, net of tax | $817 | $503 | $(621) | $(3,406) | | Unrealized foreign currency gain (loss), net of tax | $6,733 | $(6,900) | $(2,881) | $(1,964) | | Total comprehensive income attributable to common stockholders | $12,013 | $30,907 | $30,848 | $57,621 | - Total comprehensive income attributable to common stockholders decreased significantly by **61.1%** for the three months ended June 30, 2020, and by **46.5%** for the six months ended June 30, 2020, primarily due to unrealized losses on defined benefit plans and foreign currency fluctuations[15](index=15&type=chunk) [Condensed Consolidated Statements of Equity](index=6&type=section&id=Condensed%20Consolidated%20Statements%20of%20Equity) The company's condensed consolidated statements of equity detail changes in common stock, retained earnings, and other equity components Statements of Equity Summary | Metric | June 30, 2020 ($ thousands) | December 31, 2019 ($ thousands) | | :------------------------------------------------------------------------------------------------- | :-------------------------- | :------------------------------ | | Common stock amount | $35,389 | $35,111 | | Additional paid-in capital | $433,989 | $427,262 | | Retained earnings | $831,159 | $789,958 | | Treasury stock at cost | $(38,660) | $(37,768) | | Accumulated other comprehensive loss | $(118,492) | $(108,139) | | Total Diodes Incorporated Stockholders' equity | $1,143,385 | $1,106,424 | | Noncontrolling interest | $52,242 | $46,359 | | Total equity | $1,195,627 | $1,152,783 | - Total stockholders' equity increased by **$36.96 million (3.3%)** from December 31, 2019, to June 30, 2020, driven by an increase in retained earnings and additional paid-in capital, partially offset by an increase in accumulated other comprehensive loss[18](index=18&type=chunk) [Condensed Consolidated Statements of Cash Flows](index=8&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) The company's condensed consolidated statements of cash flows categorize cash movements from operating, investing, and financing activities Statements of Cash Flows Summary | Metric | Six Months Ended June 30, 2020 ($ thousands) | Six Months Ended June 30, 2019 ($ thousands) | | :---------------------------------------------------------------- | :------------------------------------------- | :------------------------------------------- | | Net cash flows provided by operating activities | $86,734 | $110,488 | | Net cash and cash equivalents used in investing activities | $(34,048) | $(82,517) | | Net cash and cash equivalents provided by (used in) financing activities | $241,784 | $(32,955) | | Net increase in cash and cash equivalents, including restricted cash | $295,114 | $(5,019) | | Cash and cash equivalents, end of period, including restricted cash | $554,621 | $236,814 | - Net cash provided by operating activities decreased by **$23.75 million (21.5%)** for the six months ended June 30, 2020, compared to the same period in 2019[21](index=21&type=chunk) - Net cash provided by financing activities significantly increased to **$241.8 million** in the first six months of 2020, compared to a net cash outflow of $33.0 million in the prior year, primarily due to increased debt facilities for the LSC acquisition[21](index=21&type=chunk)[136](index=136&type=chunk) [NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS](index=10&type=section&id=NOTES%20TO%20CONDENSED%20CONSOLIDATED%20FINANCIAL%20STATEMENTS) This section provides detailed notes explaining the significant accounting policies and specific financial statement line items [NOTE 1 – Summary of Operations and Significant Accounting Policies](index=10&type=section&id=NOTE%201%20%E2%80%93%20Summary%20of%20Operations%20and%20Significant%20Accounting%20Policies) This note outlines the company's business, significant accounting policies, and recent accounting pronouncement adoptions - **Diodes Incorporated (Nasdaq: DIOD)** is a global manufacturer and supplier of high-quality, application-specific standard products in the discrete, logic, analog, and mixed-signal semiconductor markets[28](index=28&type=chunk) - The company serves consumer electronics, computing, communications, industrial, and automotive markets with products including diodes, rectifiers, transistors, MOSFETs, and power management devices[28](index=28&type=chunk) - The company adopted ASU No. 2016-13 on January 1, 2020, regarding expected credit losses, which did not materially impact financial statements[33](index=33&type=chunk) - In Q2 2020, the company elected to apply hedge accounting expedients under ASU No. 2020-04 for reference rate reform, specifically for probability and effectiveness assessments of LIBOR-indexed cash flows[31](index=31&type=chunk) [NOTE 2 – Earnings per Share](index=11&type=section&id=NOTE%202%20%E2%80%93%20Earnings%20per%20Share) This note details the calculation of basic and diluted earnings per share, showing a decrease in EPS for the reporting periods Earnings per Share Data | Metric | Three Months Ended June 30, 2020 | Three Months Ended June 30, 2019 | Six Months Ended June 30, 2020 | Six Months Ended June 30, 2019 | | :----------------------------------------------------------------- | :------------------------------- | :------------------------------- | :----------------------------- | :----------------------------- | | Net income attributable to common stockholders ($ thousands) | $21,033 | $36,284 | $41,201 | $68,000 | | Weighted average common shares outstanding (basic) (thousands) | 51,527 | 50,658 | 51,431 | 50,529 | | Adjusted weighted average common shares outstanding (diluted) (thousands) | 52,569 | 51,620 | 52,517 | 51,566 | | Basic EPS | $0.41 | $0.72 | $0.80 | $1.35 | | Diluted EPS | $0.40 | $0.70 | $0.78 | $1.32 | - Diluted EPS decreased by **42.9%** for the three months ended June 30, 2020 ($0.40 vs $0.70 in 2019)[35](index=35&type=chunk) - Diluted EPS decreased by **40.9%** for the six months ended June 30, 2020 ($0.78 vs $1.32 in 2019)[35](index=35&type=chunk) [NOTE 3 – Inventories](index=11&type=section&id=NOTE%203%20%E2%80%93%20Inventories) This note describes inventory valuation and presents the breakdown of finished goods, work-in-progress, and raw materials Inventory Breakdown | Inventory Category | June 30, 2020 ($ thousands) | December 31, 2019 ($ thousands) | | :----------------- | :-------------------------- | :------------------------------ | | Finished goods | $69,174 | $62,900 | | Work-in-progress | $53,457 | $55,082 | | Raw materials | $133,197 | $118,490 | | Total | $255,828 | $236,472 | - Total inventories increased by **$19.36 million (8.2%)** from December 31, 2019, to June 30, 2020[36](index=36&type=chunk) [NOTE 4 – Goodwill and Intangible Assets](index=11&type=section&id=NOTE%204%20%E2%80%93%20Goodwill%20and%20Intangible%20Assets) This note details changes in goodwill and intangible assets, including amortization expense, influenced by the Savitech acquisition Goodwill and Intangible Assets Data | Metric | June 30, 2020 ($ thousands) | December 31, 2019 ($ thousands) | | :-------------------------------- | :-------------------------- | :------------------------------ | | Goodwill | $152,140 | $141,318 | | Total intangible assets, net | $118,076 | $119,523 | | Amortization expense (3 months) | $4,021 | $4,536 | | Amortization expense (6 months) | $8,242 | $9,020 | - Goodwill increased by **$10.82 million (7.7%)** from December 31, 2019, to June 30, 2020, mainly due to the Savitech acquisition ($12.7 million)[37](index=37&type=chunk) - Amortization expense for intangible assets decreased by **11.4%** for the three months ended June 30, 2020, and by **8.6%** for the six months ended June 30, 2020, compared to the prior year periods[39](index=39&type=chunk) [NOTE 5 – Income Tax Provision](index=12&type=section&id=NOTE%205%20%E2%80%93%20Income%20Tax%20Provision) This note details the income tax provision and effective tax rates, which decreased due to lower non-U.S. withholding taxes Income Tax Provision and Effective Tax Rates | Metric | Three Months Ended June 30, 2020 | Three Months Ended June 30, 2019 | Six Months Ended June 30, 2020 | Six Months Ended June 30, 2019 | | :-------------------------------- | :------------------------------- | :------------------------------- | :----------------------------- | :----------------------------- | | Income tax provision ($ thousands) | $4,670 | $11,174 | $9,226 | $21,472 | | Effective tax rate | 17.9% | 23.3% | 18.1% | 23.9% | | Impact of tax holidays on tax expense ($ thousands) | $(241) | $572 | $(1,315) | $849 | | Basic EPS impact of tax holidays | $0.01 | $(0.01) | $0.03 | $(0.02) | | Diluted EPS impact of tax holidays | $0.01 | $(0.01) | $0.03 | $(0.02) | - The effective tax rate decreased from **23.3% to 17.9%** for the three months ended June 30, 2020, and from **23.9% to 18.1%** for the six months ended June 30, 2020, primarily due to lower non-U.S. withholding taxes and favorable U.S. permanent differences[40](index=40&type=chunk) - The company does not expect the CARES Act to have a material impact on its financial statements[44](index=44&type=chunk) [NOTE 6 – Share-Based Compensation](index=13&type=section&id=NOTE%206%20%E2%80%93%20Share-Based%20Compensation) This note details share-based compensation expense, including restricted stock awards and the impact of a director's RSU modification Share-Based Compensation Expense | Expense Category | Three Months Ended June 30, 2020 ($ thousands) | Three Months Ended June 30, 2019 ($ thousands) | Six Months Ended June 30, 2020 ($ thousands) | Six Months Ended June 30, 2019 ($ thousands) | | :----------------------------------- | :--------------------------------------------- | :--------------------------------------------- | :------------------------------------------- | :------------------------------------------- | | Cost of goods sold | $259 | $259 | $530 | $384 | | Selling, general and administrative | $4,309 | $4,309 | $10,426 | $7,946 | | Research and development | $730 | $730 | $1,438 | $1,445 | | Total share-based compensation expense | $5,298 | $5,298 | $12,394 | $9,775 | - Total share-based compensation expense increased by **26.8%** for the six months ended June 30, 2020, compared to the same period in 2019[45](index=45&type=chunk) - A modification to a director's unvested RSU grants in Q2 2020 resulted in an additional expense of approximately **$1.7 million**[45](index=45&type=chunk) - As of June 30, 2020, total unrecognized share-based compensation expense was approximately **$43.5 million**, to be recognized over a weighted average period of approximately 2.1 years[47](index=47&type=chunk) [NOTE 7 – Segment Information and Net Sales](index=13&type=section&id=NOTE%207%20%E2%80%93%20Segment%20Information%20and%20Net%20Sales) This note confirms the company's single operating segment and disaggregates net sales by region and customer type - The company operates in a single segment: standard semiconductor products[48](index=48&type=chunk) Net Sales by Region | Net Sales by Region | Three Months Ended June 30, 2020 ($ thousands) | Three Months Ended June 30, 2019 ($ thousands) | | :------------------ | :--------------------------------------------- | :--------------------------------------------- | | Asia | $223,056 | $239,082 | | Europe | $43,145 | $46,050 | | Americas | $22,468 | $36,874 | | Total net sales | $288,669 | $322,006 | Net Sales by Type | Net Sales by Type | Six Months Ended June 30, 2020 ($ thousands) | Six Months Ended June 30, 2019 ($ thousands) | | :---------------- | :------------------------------------------- | :------------------------------------------- | | Direct sales | $280,581 | $195,289 | | Distributor sales | $288,805 | $429,010 | | Total net sales | $569,386 | $624,299 | - Net sales from products shipped to China were **$152.4 million** for the three months ended June 30, 2020, a decrease from $160.3 million in the prior year[53](index=53&type=chunk) [NOTE 8 – Debt](index=15&type=section&id=NOTE%208%20%E2%80%93%20Debt) This note details the company's debt, including credit facilities and a significant increase in borrowing capacity for the LSC acquisition - Asia subsidiaries maintain **$165.5 million** in credit facilities, with $63.7 million outstanding and $101.4 million unused as of June 30, 2020[54](index=54&type=chunk) - A Second Amended and Restated Credit Agreement was entered into on May 29, 2020, increasing aggregate credit facilities to **$670 million** (from $500 million), including a **$340 million** acquisition draw term, **$180 million** initial term, and a **$150 million** revolver, all maturing May 29, 2023[55](index=55&type=chunk)[57](index=57&type=chunk) - The amendment resulted in a **$52.2 million** debt extinguishment and a **$0.7 million** loss on extinguishment and third-party fees[55](index=55&type=chunk) Debt Summary | Debt Type | June 30, 2020 ($ thousands) | December 31, 2019 ($ thousands) | | :--------------------------------------- | :-------------------------- | :------------------------------ | | Short-term debt | $63,668 | $13,342 | | Total long-term debt | $297,958 | $98,641 | | Less: Current portion of long-term debt | $(13,052) | $(33,105) | | Less: Unamortized debt costs | $(2,635) | $(1,135) | | Total long-term debt, net of current portion | $282,271 | $64,401 | [NOTE 9 – Commitments and Contingencies](index=16&type=section&id=NOTE%209%20%E2%80%93%20Commitments%20and%20Contingencies) This note outlines commitments for capital expenditures, wafer purchases, UK defined benefit plan liability, and legal proceedings - As of June 30, 2020, the company had **$26.8 million** in non-cancelable capital expenditure purchase contracts and a **$29.8 million** commitment for wafer purchases[61](index=61&type=chunk) - The unfunded liability for the UK defined benefit plan was approximately **$28.7 million** as of June 30, 2020[62](index=62&type=chunk) - Annual contributions of **GBP 2.0 million (approximately $2.4 million)** are scheduled from April 1, 2020, to eliminate the defined benefit plan deficit by December 31, 2028[64](index=64&type=chunk) - The company is not currently a party to any pending litigation considered material[65](index=65&type=chunk) [NOTE 10 – Derivative Financial Instruments](index=17&type=section&id=NOTE%2010%20%E2%80%93%20Derivative%20Financial%20Instruments) This note details the company's use of derivative instruments, including foreign currency forwards and interest rate swaps, to manage market risks - The company uses foreign currency forward agreements, interest rate swaps, and interest rate collars to manage foreign currency and interest rate risks[66](index=66&type=chunk)[67](index=67&type=chunk)[68](index=68&type=chunk) - As of June 30, 2020, **$93.0 million** in foreign currency forward contracts were outstanding, not designated for hedge accounting[67](index=67&type=chunk) Derivative Financial Instruments Impact | Derivative Type | Three Months Ended June 30, 2020 (Gain/Loss in OCI) ($ thousands) | Three Months Ended June 30, 2020 (Reclassified to Income) ($ thousands) | Six Months Ended June 30, 2020 (Gain/Loss in OCI) ($ thousands) | Six Months Ended June 30, 2020 (Reclassified to Income) ($ thousands) | | :-------------------------- | :---------------------------------------------------------------- | :---------------------------------------------------------------------- | :-------------------------------------------------------------- | :---------------------------------------------------------------------- | | Interest rate swaps and collars | $(180) | $(2) (Interest expense) | $(1,571) | $(73) (Interest expense) | | Cross currency swaps | $0 | $0 | $0 | $0 | | Foreign currency forward contracts (not designated) | N/A | $(391) (Foreign currency loss, net) | N/A | $(2,538) (Foreign currency loss, net) | - An estimated **$0.6 million** of net derivative gains in AOCI as of June 30, 2020, are expected to be reclassified into expense within the next 12 months[70](index=70&type=chunk) [NOTE 11 – Leases](index=19&type=section&id=NOTE%2011%20%E2%80%93%20Leases) This note details the company's lease arrangements for land, buildings, and equipment, including expenses, ROU assets, and liabilities Lease Expense Summary | Lease Expense Category | Three Months Ended June 30, 2020 ($ thousands) | Three Months Ended June 30, 2019 ($ thousands) | Six Months Ended June 30, 2020 ($ thousands) | Six Months Ended June 30, 2019 ($ thousands) | | :--------------------------- | :--------------------------------------------- | :--------------------------------------------- | :------------------------------------------- | :------------------------------------------- | | Operating lease expense | $3,669 | $3,773 | $7,399 | $7,477 | | Finance lease expense (amortization) | $209 | $245 | $418 | $489 | | Finance lease expense (interest) | $6 | $13 | $13 | $28 | | Short-term lease expense | $122 | $98 | $216 | $134 | | Variable lease expense | $738 | $802 | $1,449 | $1,420 | | Total lease expense | $4,744 | $4,931 | $9,495 | $9,548 | Lease Balance Sheet Items | Balance Sheet Item | June 30, 2020 ($ thousands) | December 31, 2019 ($ thousands) | | :----------------------------------- | :-------------------------- | :------------------------------ | | Operating lease ROU assets | $51,739 | $57,427 | | Total operating lease liabilities | $34,350 | $40,099 | | Finance lease ROU assets, net | $627 | $1,472 | | Total finance lease liabilities | $593 | $1,041 | - Weighted average remaining lease term for operating leases is 4.2 years (4.4 years at Dec 31, 2019), and for finance leases is 0.8 years (1.3 years at Dec 31, 2019)[74](index=74&type=chunk) [NOTE 12 – Employee Benefit Plans](index=20&type=section&id=NOTE%2012%20%E2%80%93%20Employee%20Benefit%20Plans) This note describes the company's Non-Qualified Deferred Compensation Plan for executives and board members, with obligations offset by investments - The company maintains a Non-Qualified Deferred Compensation Plan for executive officers, key employees, and Board of Directors members[77](index=77&type=chunk) - Investments offsetting plan obligations totaled approximately **$11.2 million** as of June 30, 2020, down from $12.9 million at December 31, 2019[77](index=77&type=chunk) [NOTE 13 – Related Parties](index=20&type=section&id=NOTE%2013%20%E2%80%93%20Related%20Parties) This note details transactions with related parties, including LSC, Nuvoton, and Keylink, and the ongoing acquisition of LSC - LSC is the company's largest stockholder, owning approximately **15%** of outstanding Common Stock as of June 30, 2020[78](index=78&type=chunk) - The acquisition of LSC for approximately **$444.4 million** is anticipated to close in the second half of 2020, pending regulatory approval in China[78](index=78&type=chunk) Related Party Transactions (Sales and Purchases) | Related Party | Transaction Type | Three Months Ended June 30, 2020 ($ thousands) | Six Months Ended June 30, 2020 ($ thousands) | | :------------ | :--------------- | :--------------------------------------------- | :------------------------------------------- | | LSC | Net sales | $171 | $299 | | LSC | Purchases | $3,806 | $6,554 | | Nuvoton | Purchases | $2,011 | $3,655 | | Keylink | Net sales | $4,975 | $8,960 | | Keylink | Purchases | $426 | $831 | | JCP | Purchases | $291 | $447 | Related Party Balances (Accounts Receivable and Payable) | Related Party | Balance Sheet Item | June 30, 2020 ($ thousands) | December 31, 2019 ($ thousands) | | :------------ | :----------------- | :-------------------------- | :------------------------------ | | LSC | Accounts receivable | $171 | $184 | | LSC | Accounts payable | $2,799 | $2,154 | | Nuvoton | Accounts payable | $1,071 | $1,055 | | Keylink | Accounts receivable | $36,960 | $31,598 | | Keylink | Accounts payable | $32,029 | $28,244 | | JCP | Accounts payable | $326 | $173 | [NOTE 14 – Acquisitions](index=21&type=section&id=NOTE%2014%20%E2%80%93%20Acquisitions) This note details recent acquisitions, including Savitech Corporation and the GFAB wafer fabrication facility, and their impact on goodwill - On February 5, 2020, the company agreed to acquire at least **51%** of Savitech Corporation for up to approximately **$14.2 million**[83](index=83&type=chunk) - The first tranche of **$5.6 million** for Savitech, providing **33.6%** ownership, was completed on March 4, 2020[83](index=83&type=chunk) - Total purchase consideration recorded for Savitech was **$13.9 million**, including **$12.7 million** in goodwill[85](index=85&type=chunk)[86](index=86&type=chunk) - On April 1, 2019, the company acquired a wafer fabrication facility (GFAB) in Greenock, Scotland, for **$33.2 million**, recording **$0.9 million** in goodwill[87](index=87&type=chunk)[88](index=88&type=chunk) [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=23&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) This section analyzes financial condition and results of operations, highlighting impacts from global slowdown, COVID-19, and the LSC acquisition [Overview](index=23&type=section&id=Overview) This overview introduces Diodes Incorporated as a global semiconductor manufacturer and highlights its competitive advantages - Diodes Incorporated is a leading global manufacturer and supplier of high-quality, application-specific standard products in the discrete, logic, analog, and mixed-signal semiconductor markets[92](index=92&type=chunk) - The company's focus on innovative packaging, cost-effective process technologies, and customer-focused product development provides a competitive advantage[92](index=92&type=chunk) [Factors Relevant to Our Results of Operations for the Three Months Ended June 30, 2020](index=23&type=section&id=Factors%20Relevant%20to%20Our%20Results%20of%20Operations%20for%20the%20Three%20Months%20Ended%20June%2030%2C%202020) This section discusses key factors influencing operating results for Q2 2020, including sales, profit, and EPS trends Key Operating Metrics | Metric | Q2 2020 ($ millions) | Q2 2019 ($ millions) | Q1 2020 ($ millions) | | :------------------- | :------------------- | :------------------- | :------------------- | | Net sales | $288.7 | $322.0 | $280.7 | | Gross profit | $101.5 | $122.0 | $95.8 | | Gross profit margin | 35.2% | 37.9% | 34.1% | | Net income | $21.0 | $36.3 | $20.2 | | Diluted EPS | $0.40 | $0.70 | $0.38 | | Cash flow from operations | $33.1 | N/A | N/A | | Net cash flow | $283.7 | N/A | N/A | - Net sales decreased by **10.3% YoY** but increased by **2.8% QoQ**[93](index=93&type=chunk) - Net income decreased by **42.1% YoY** but increased by **4.0% QoQ**[93](index=93&type=chunk) - The company benefited from growth in the computing market and serial-connectivity products despite overall net sales decrease[104](index=104&type=chunk) [Recent Developments](index=24&type=section&id=Recent%20Developments) This section highlights recent significant developments, including the LSC acquisition and the company's response to the COVID-19 pandemic [LSC Acquisition](index=24&type=section&id=LSC%20Acquisition) This section details the ongoing acquisition of Lite-On Semiconductor Corporation (LSC), including its status, consideration, and related financing - The acquisition of Lite-On Semiconductor Corporation (LSC) is expected to be completed in the second half of 2020, pending regulatory approval in China[95](index=95&type=chunk) - The aggregate consideration for LSC is approximately **$444.4 million**, subject to Taiwan dollar to US dollar exchange rate fluctuations at closing[95](index=95&type=chunk) - A **$200.0 million** draw-down under the new credit agreement was made as a partial currency hedge for the LSC acquisition[95](index=95&type=chunk) [COVID-19](index=24&type=section&id=COVID-19) This section discusses the impact of the COVID-19 pandemic on operations, including temporary facility closures and the company's liquidity - The duration and severity of COVID-19's effects on the business, financial condition, and results of operations are currently unknown[97](index=97&type=chunk) - Manufacturing facilities in China and the United Kingdom experienced temporary closures but have since resumed full production[98](index=98&type=chunk) - As of June 30, 2020, the company had **$506.9 million** in cash, cash equivalents, and short-term investments, plus **$150 million** in available revolving credit, providing adequate liquidity for at least 12 months[99](index=99&type=chunk) [Results of Operations for the Three Months Ended June 30, 2020 and 2019](index=25&type=section&id=Results%20of%20Operations%20for%20the%20Three%20Months%20Ended%20June%2030%2C%202020%20and%202019) This section analyzes operating results for Q2 2020, highlighting decreases in net sales, gross profit, and changes in expenses Q2 Operating Results as Percentage of Net Sales | Metric | Q2 2020 (% of Net Sales) | Q2 2019 (% of Net Sales) | | :----------------------------------------- | :----------------------- | :----------------------- | | Net sales | 100% | 100% | | Cost of goods sold | (65)% | (62)% | | Gross profit | 35% | 38% | | Total operating expense | 24% | 23% | | Income from operations | 11% | 15% | | Net income attributable to common stockholders | 7% | 12% | Q2 Operating Results Comparison | Metric | Q2 2020 ($ thousands) | Q2 2019 ($ thousands) | Change ($ thousands) | % Change | | :------------------------- | :-------------------- | :-------------------- | :------------------- | :------- | | Net sales | $288,669 | $322,006 | $(33,337) | (10.4%) | | Gross profit | $101,492 | $121,988 | $(20,496) | (16.8%) | | Total operating expense | $70,623 | $73,472 | $(2,849) | (3.9%) | | Interest income | $168 | $633 | $(465) | (73.5%) | | Interest expense | $(2,653) | $(2,011) | $642 | 31.9% | | Foreign currency loss, net | $(3,600) | $(496) | $3,104 | 625.8% | | Income tax provision | $4,670 | $11,174 | $(6,504) | (58.2%) | Q2 End-User Market Revenue Distribution | End-User Market | Q2 2020 (% of Total Revenue) | Q2 2019 (% of Total Revenue) | | :---------------- | :--------------------------- | :--------------------------- | | Industrial | 22.0% | 29.0% | | Communications | 22.0% | 23.0% | | Consumer | 27.0% | 22.0% | | Computing | 19.0% | 16.0% | | Automotive | 10.0% | 10.0% | - Gross profit margin decreased from **37.9% to 35.2%** due to decreased net sales and increased unit costs from lower manufacturing capacity utilization[107](index=107&type=chunk) [Results of Operations for the Six Months Ended June 30, 2020 and 2019](index=26&type=section&id=Results%20of%20Operations%20for%20the%20Six%20Months%20Ended%20June%2030%2C%202020%20and%202019) This section analyzes operating results for H1 2020, detailing decreases in net sales, gross profit, and shifts in expenses H1 Operating Results as Percentage of Net Sales | Metric | H1 2020 (% of Net Sales) | H1 2019 (% of Net Sales) | | :----------------------------------------- | :----------------------- | :----------------------- | | Net sales | 100% | 100% | | Cost of goods sold | (65)% | (62)% | | Gross profit | 35% | 38% | | Total operating expense | 25% | 23% | | Income from operations | 10% | 15% | | Net income attributable to common stockholders | 7% | 12% | H1 Operating Results Comparison | Metric | H1 2020 ($ thousands) | H1 2019 ($ thousands) | Change ($ thousands) | % Change | | :------------------------- | :-------------------- | :-------------------- | :------------------- | :------- | | Net sales | $569,386 | $624,299 | $(54,913) | (8.8%) | | Gross profit | $197,334 | $234,399 | $(37,065) | (15.8%) | | Total operating expense | $140,613 | $143,760 | $(3,147) | (2.2%) | | Interest income | $441 | $1,508 | $(1,067) | (70.8%) | | Interest expense | $(3,898) | $(4,156) | $(258) | (6.2%) | | Foreign currency loss, net | $(3,525) | $(560) | $2,965 | 529.5% | | Income tax provision | $9,226 | $21,472 | $(12,246) | (57.0%) | H1 End-User Market Revenue Distribution | End-User Market | H1 2020 (% of Total Revenue) | H1 2019 (% of Total Revenue) | | :---------------- | :--------------------------- | :--------------------------- | | Industrial | 24.0% | 29.0% | | Communications | 22.5% | 23.0% | | Consumer | 25.0% | 22.5% | | Computing | 18.0% | 15.5% | | Automotive | 10.5% | 10.0% | - Average unit cost increased approximately **7.1%** for the six months ended June 30, 2020, partly due to manufacturing facility shutdowns during the extended Chinese New Year period[115](index=115&type=chunk) [Financial Condition](index=27&type=section&id=Financial%20Condition) This section assesses the company's financial condition, focusing on liquidity, capital resources, cash flow, and derivative instrument usage [Liquidity and Capital Resources](index=27&type=section&id=Liquidity%20and%20Capital%20Resources) This section details liquidity sources, working capital, capital expenditures, and foreign cash holdings - Primary liquidity sources are cash and cash equivalents, funds from operations, and credit facilities[119](index=119&type=chunk) - Working capital increased to **$801.2 million** at June 30, 2020, from $524.6 million at December 31, 2019[127](index=127&type=chunk) - A **$200.0 million** draw-down under the new credit agreement was made as a partial currency hedge for the anticipated LSC acquisition[127](index=127&type=chunk) - Capital expenditures for the first six months of 2020 were **$28.3 million**, approximately **5.0%** of net sales, aligning with the target range of 5% to 9%[128](index=128&type=chunk) - Foreign subsidiaries held approximately **$469.5 million** in cash, cash equivalents, and investments as of June 30, 2020, with **$9.7 million** potentially subject to non-U.S. withholding tax if distributed[129](index=129&type=chunk) [Discussion of Cash Flow](index=29&type=section&id=Discussion%20of%20Cash%20Flow) This section analyzes cash flow movements from operating, investing, and financing activities, highlighting the impact of LSC acquisition financing - Cash and cash equivalents increased from **$258.4 million to $503.2 million** at June 30, 2020, reflecting funds for the LSC acquisition[131](index=131&type=chunk) Cash Flow Summary | Cash Flow Activity | Six Months Ended June 30, 2020 ($ thousands) | Six Months Ended June 30, 2019 ($ thousands) | Change ($ thousands) | | :---------------------------------------------------------------- | :------------------------------------------- | :------------------------------------------- | :------------------- | | Net cash flows provided by operating activities | $86,734 | $110,488 | $(23,754) | | Net cash and cash equivalents used in investing activities | $(34,048) | $(82,517) | $48,469 | | Net cash and cash equivalents provided by (used in) financing activities | $241,784 | $(32,955) | $274,739 | | Net increase in cash and cash equivalents, including restricted cash | $295,114 | $(5,019) | $300,133 | - Net cash used in investing activities decreased by **$48.47 million**, primarily due to lower purchases of property, plant, and equipment and the absence of a large acquisition like GFAB in 2019[135](index=135&type=chunk) [Use of Derivative Instruments and Hedging](index=30&type=section&id=Use%20of%20Derivative%20Instruments%20and%20Hedging) This section describes the company's use of derivative instruments to manage interest rate and foreign exchange risks - The company uses interest rate swaps, foreign exchange forward contracts, and cross-currency swaps to manage interest rate and foreign exchange exposure[137](index=137&type=chunk) - Interest rate derivatives, primarily swaps and collars, are used to stabilize interest expense and manage interest rate movements[138](index=138&type=chunk) - Foreign currency forward agreements are used to preserve the economic value of foreign currency denominated monetary assets and liabilities but are not designated for hedge accounting[139](index=139&type=chunk) [Off-Balance Sheet Arrangements](index=30&type=section&id=Off-Balance%20Sheet%20Arrangements) This section confirms the absence of any material off-balance sheet arrangements that would significantly impact liquidity or capital resources - The company does not have any transactions, arrangements, or relationships with unconsolidated entities that affect liquidity or capital resources[140](index=140&type=chunk) - No special purpose entities are used for off-balance sheet financing, liquidity, or market/credit risk support[140](index=140&type=chunk) [Contractual Obligations](index=31&type=section&id=Contractual%20Obligations) No material changes to contractual obligations have occurred since the Annual Report on Form 10-K for FY2019 - No material changes to contractual obligations have occurred since the Annual Report on Form 10-K for FY2019[142](index=142&type=chunk) [Critical Accounting Policies](index=31&type=section&id=Critical%20Accounting%20Policies) This section confirms consistency of critical accounting policies with prior reports and refers to Note 1 for new pronouncements - Critical accounting policies are consistent with those disclosed in the FY2019 Annual Report on Form 10-K[143](index=143&type=chunk) - New or updated accounting policies are discussed in Note 1 – Summary of Operations and Significant Accounting Policies[143](index=143&type=chunk)[144](index=144&type=chunk) [Recently Issued Accounting Pronouncements](index=31&type=section&id=Recently%20Issued%20Accounting%20Pronouncements) Details on recently issued accounting pronouncements are available in Note 1 – Summary of Operations and Significant Accounting Policies - Details on recently issued accounting pronouncements are available in Note 1 – Summary of Operations and Significant Accounting Policies[144](index=144&type=chunk) [Available Information](index=31&type=section&id=Available%20Information) This section informs stakeholders about the availability of SEC filings and investor information on the company's website - SEC filings (10-K, 10-Q, 8-K, proxy statements) are available free of charge on the company's website (www.diodes.com)[145](index=145&type=chunk) [Cautionary Statement for Purposes of the "Safe Harbor" Provision of the Private Securities Litigation Reform Act of 1995](index=31&type=section&id=Cautionary%20Statement%20for%20Purposes%20of%20the%20%22Safe%20Harbor%22%20Provision%20of%20the%20Private%20Securities%20Litigation%20Reform%20Act%20of%201995) This section provides a cautionary statement regarding forward-looking statements, emphasizing inherent risks and non-obligation to update - The report contains forward-looking statements, identified by specific terminology, subject to risks and uncertainties that could cause actual results to differ materially[146](index=146&type=chunk) - All forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 (PSLRA)[146](index=146&type=chunk) - The company undertakes no obligation to update forward-looking statements to reflect subsequent events or circumstances[148](index=148&type=chunk) [Item 3. Quantitative and Qualitative Disclosures About Market Risk](index=36&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) No material changes to market risks have occurred since the Annual Report on Form 10-K for FY2019 - No material changes to market risks have occurred since the Annual Report on Form 10-K for FY2019[193](index=193&type=chunk) [Item 4. Controls and Procedures](index=36&type=section&id=Item%204.%20Controls%20and%20Procedures) This section confirms the effectiveness of disclosure controls and procedures and reports no material changes in internal control - As of June 30, 2020, disclosure controls and procedures were deemed effective at a reasonable assurance level[194](index=194&type=chunk) - No material changes in internal control over financial reporting occurred during the three months ended June 30, 2020[196](index=196&type=chunk) [PART II – OTHER INFORMATION](index=37&type=section&id=PART%20II%20%E2%80%93%20OTHER%20INFORMATION) This part covers other essential information, including legal proceedings, risk factors, equity sales, defaults, and exhibits [Item 1. Legal Proceedings](index=37&type=section&id=Item%201.%20Legal%20Proceedings) This section confirms the absence of material pending litigation and management's assessment of routine legal proceedings - The company is not a party to any pending litigation considered material[199](index=199&type=chunk) - Management believes the ultimate outcome of any pending legal proceeding will not have a material adverse effect on financial position, cash flows, or operating results[200](index=200&type=chunk) [Item 1A. Risk Factors](index=37&type=section&id=Item%201A.%20Risk%20Factors) This section details various risk factors, including the uncertain impact of COVID-19, global economic conditions, and operational challenges - The ultimate impact of the COVID-19 pandemic cannot be estimated but may have a **material adverse effect** on the business, financial condition, and results of operations[202](index=202&type=chunk)[205](index=205&type=chunk) - Risks include changes in ordering patterns, demand for products, efficiency losses due to travel limitations, and potential increases in IT spending or healthcare costs[205](index=205&type=chunk)[207](index=207&type=chunk) - Disruptions to suppliers and customers due to quarantines, worker absenteeism, and social distancing measures could adversely impact the business[208](index=208&type=chunk) [RISKS RELATED TO OUR BUSINESS](index=32&type=section&id=RISKS%20RELATED%20TO%20OUR%20BUSINESS) This section outlines business-specific risks, including economic dependency, industry cyclicality, competition, production disruptions, and personnel - Success depends on global economy and financial market stability; weaknesses can adversely affect net sales, operating results, and financial condition[150](index=150&type=chunk) - Downturns in the highly cyclical semiconductor industry or changes in end-market demand could adversely affect operating results and financial condition[151](index=151&type=chunk) - The semiconductor business is highly competitive, and increased competition may harm business, operating results, and financial condition[151](index=151&type=chunk) - Production disruptions at manufacturing facilities due to natural disasters or technical malfunctions could prevent meeting customer demands[155](index=155&type=chunk) - Failure to attract or retain qualified personnel could adversely affect business, operating results, and financial condition[164](index=164&type=chunk) [RISKS RELATED TO OUR INTERNATIONAL OPERATIONS](index=34&type=section&id=RISKS%20RELATED%20TO%20OUR%20INTERNATIONAL%20OPERATIONS) This section details risks associated with international operations, including governmental policies, trade restrictions, Brexit, and foreign currency - International operations, particularly in China, the U.K., Germany, Hong Kong, and Taiwan, expose the company to inherent risks in those jurisdictions[178](index=178&type=chunk) - Uncertainties related to changes in governmental policies, international trading partnerships, or economic unions could have a material adverse effect[179](index=179&type=chunk) - Tariffs or other restrictions imposed by the United States Trade Representative may disrupt operations and impact profitability[180](index=180&type=chunk) - The U.K.'s exit from the European Union (Brexit) continues to have uncertain effects and could adversely impact business[181](index=181&type=chunk) - A slowdown in the Chinese economy could limit demand for electronic devices containing products, materially affecting business[181](index=181&type=chunk) - The company is subject to foreign currency risk as a result of its international operations[183](index=183&type=chunk) [RISKS RELATED TO OUR COMMON STOCK](index=35&type=section&id=RISKS%20RELATED%20TO%20OUR%20COMMON%20STOCK) This section addresses risks related to the company's common stock, including price volatility, acquisition impacts, and anti-takeover provisions - Variations in quarterly operating results may cause stock price volatility[187](index=187&type=chunk) - Future acquisitions and related actions could adversely affect the price of Common Stock[187](index=187&type=chunk) - Directors, executive officers, and significant stockholders hold a substantial portion of Common Stock, potentially leading to conflicts with other stockholders[187](index=187&type=chunk) - Anti-takeover provisions in Delaware law and the company's Certificate of Incorporation and Bylaws may hinder takeover attempts[189](index=189&type=chunk)[190](index=190&type=chunk)[191](index=191&type=chunk) [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](index=38&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) No unregistered sales of equity securities or use of proceeds to report for the period - No unregistered sales of equity securities or use of proceeds to report[210](index=210&type=chunk) [Item 3. Defaults Upon Senior Securities](index=38&type=section&id=Item%203.%20Defaults%20Upon%20Senior%20Securities) No defaults upon senior securities to report for the period - No defaults upon senior securities to report[212](index=212&type=chunk) [Item 4. Mine Safety Disclosures](index=38&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) Mine Safety Disclosures are not applicable to the company - Mine Safety Disclosures are not applicable to the company[212](index=212&type=chunk) [Item 5. Other Information](index=38&type=section&id=Item%205.%20Other%20Information) No other information to report for the period - No other information to report[212](index=212&type=chunk) [Item 6. Exhibits](index=39&type=section&id=Item%206.%20Exhibits) This section lists all exhibits filed with the Quarterly Report, including corporate governance documents, credit agreements, and certifications - Exhibits include corporate governance documents (Certificate of Incorporation, By-laws), credit agreements, and Sarbanes-Oxley Act certifications[214](index=214&type=chunk)[215](index=215&type=chunk) - Inline XBRL documents are provided for interactive data filing[215](index=215&type=chunk)[216](index=216&type=chunk) - A cautionary note advises against relying solely on representations and warranties in exhibits, as they may be subject to contractual materiality standards and risk allocation[217](index=217&type=chunk) [SIGNATURES](index=40&type=section&id=SIGNATURES) This section confirms the official signing of the Quarterly Report on Form 10-Q by the Principal Executive and Financial Officers - The report was signed by Keh-Shew Lu, President and CEO, and Brett R. Whitmire, CFO, on August 6, 2020[220](index=220&type=chunk)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2020 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 inc ...

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, 2019 or | --- | --- | --- | |----------------------------------------------------------------|------------------------------------------------------------------------------|-----------------------------------------------------------------------| | | | | | EXCHANGE ACT OF 1934 | TRANSITION REPORT PURSUAN ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2019 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 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2019 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 inco ...

NN29.9 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2019 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 ...

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, 2018 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 incorpor ...