Diodes Incorporated (NASDAQ:DIOD) Q4 2022 Earnings Conference Call February 6, 2023 5:00 PM ET Company Participants Leanne Sievers - President, Shelton Group, Investor Relations Dr. Keh-Shew Lu - Chairman, President and CEO Brett Whitmire - Chief Financial Officer Emily Yang - Senior Vice President, Worldwide Sales and Marketing Gary Yu - Senior Vice President, Business Group Gurmeet Dhaliwal - Director, Investor Relations Conference Call Participants William Stein - Truist Joshua Buchalter - Cowen Operator ...

Financial Data and Key Metrics Changes - Revenue for Q3 2022 was a record $521.3 million, an increase of 4.1% from $501 million in Q2 2022 [16] - Gross profit for Q3 was also a record at $217.8 million, representing 41.8% of revenue, increasing 5.5% from $206.5 million or 41.2% of revenue in Q2 2022 [16] - GAAP net income for Q3 2022 was a record $86.4 million or $1.88 per diluted share, compared to $80.2 million or $1.75 per diluted share in Q2 2022 [18] - Non-GAAP adjusted net income in Q3 was a record $92.2 million or $2 per diluted share, representing a 5.3% improvement from the previous quarter [19] - EBITDA for Q3 was a record $141.9 million or 27.2% of revenue, compared to $130.6 million or 26% of revenue in the prior quarter [20] Business Line Data and Key Metrics Changes - Automotive business represented 16% of product revenue for the first time, reflecting ongoing success in customer initiatives and market share gains [12] - Industrial end market revenue grew approximately 30% year-over-year and 6% sequentially, marking a sixth consecutive quarter of growth [30] - Computing market showed resilience despite softness in the PC market, focusing on cloud servers and SSD applications [31] Market Data and Key Metrics Changes - Asia represented 73% of revenue, Europe 15%, and North America 12% in Q3 [26] - Automotive and industrial end markets combined accounted for 44% of product revenue, exceeding the 2025 target by 4 percentage points [26] Company Strategy and Development Direction - The company is on track to meet its 2025 financial target of $2.5 billion in revenue and $1 billion in gross profit [13] - Continued focus on automotive and industrial markets, with a strategy to qualify new products for automotive applications [52] - Emphasis on adapting to market changes and reallocating manufacturing capacity to meet demand [46] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating supply chain challenges, including COVID-related disruptions in China [40] - The company anticipates revenue for Q4 2022 to be approximately $494 million, in line with typical seasonality [23] - Management noted strong demand in automotive markets and ongoing design wins, indicating a positive outlook for future growth [35] Other Important Information - Total inventory days at the end of Q3 were approximately 113, with finished goods inventory days remaining flat at 32 [21] - Cash flow generated from operations was $132.2 million for Q3 2022, with free cash flow of $62.4 million [20] Q&A Session Summary Question: Insights on industrial market visibility - Management indicated that the backlog remains strong, with no significant changes in overall strength despite some adjustments in specific applications [38] Question: Geopolitical risks and operational adjustments in China - Management expressed confidence in handling operational disruptions due to COVID-19 lockdowns, utilizing a closed-loop operation strategy [40] Question: Changes in customer order lead times and manufacturing capacity flexibility - Management reported no significant changes in lead times and confirmed the ability to quickly adjust manufacturing capacity across markets [45] Question: Sustainability of automotive growth and potential market shifts - Management highlighted strong ongoing demand in the automotive sector, with a consistent growth trajectory supported by design wins [50][52] Question: Pricing environment and non-cancelable orders - Management noted that the pricing trend remains unstable, with no significant changes expected in the near term regarding non-cancelable orders [58] Question: Update on South Portland fab progress - Management confirmed that the South Portland fab acquisition is progressing well, with plans to develop and qualify new processes [69][70]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Non-accelerated filer ☐ Smaller reporting company ☐ Emerging growth company ☐ 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, 2022 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 ...

Financial Data and Key Metrics Changes - Diodes achieved record revenue of $501 million in Q2 2022, a 3.9% increase from $482.1 million in Q1 2022 [17] - Gross profit reached a record $206.5 million, representing a gross margin of 41.2%, up from 40.8% in Q1 2022 [18] - GAAP net income was a record $80.2 million or $1.75 per diluted share, compared to $72.7 million or $1.59 per diluted share in Q1 2022 [21] - Non-GAAP adjusted net income was a record $86.9 million or $1.90 per diluted share, reflecting a 58.3% increase year-over-year [22][23] - EBITDA for Q2 was $130.6 million or 26% of revenue, up from $118.2 million or 24.5% in the previous quarter [24] Business Line Data and Key Metrics Changes - Automotive market revenue reached a record 14% of total revenue, growing 36% year-over-year [36] - Industrial market revenue also set a record, increasing 43% year-over-year [42] - Consumer market revenue remained strong despite lockdowns, with notable design wins in smart home applications [50] - Computing market showed strength in enterprise SSDs and cloud computing, despite softness in low-end PCs [45][62] Market Data and Key Metrics Changes - Asia represented 74% of total revenue, Europe 14%, and North America 12% [33] - Worldwide POS revenue was slightly down due to euro weakness, but demand in Asia remained strong [32] - Distributor inventory increased slightly but remained within the normal range of 11 to 14 weeks [32] Company Strategy and Development Direction - Diodes continues to focus on expanding its automotive and industrial markets, which are higher margin segments [73] - The company aims for $2.5 billion in revenue and $1 billion in gross profit by 2025 [54] - The acquisition of onsemi's wafer fab facility is expected to enhance capacity and support growth in automotive and industrial markets [14] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in maintaining strong demand despite pockets of weakness in certain consumer and computing segments [61][85] - The company anticipates approximately $521 million in revenue for Q3 2022, indicating continued growth [29] - Management highlighted the importance of product mix improvements and operational efficiency in driving future margin growth [72] Other Important Information - Cash flow from operations was $85 million, with free cash flow of $45.5 million [26] - Total inventory increased slightly, with total inventory days at approximately 115 [27] Q&A Session Summary Question: What percentage of demand exceeds supply currently? - Management indicated that overall demand remains stronger than supply, particularly in automotive and industrial markets, despite some softness in low-end PCs and smartphones [55][56] Question: What is the company's exposure to IGBT and plans for silicon carbide technology? - Diodes does not have IGBT products but is actively working on developing silicon carbide technology, with potential market release by the end of the year [57] Question: How is the automotive market trending over time? - The automotive market has shown consistent growth, with a compounded annual growth rate of 30% from 2013 to 2021, and a 36% year-over-year growth in Q2 2022 [69] Question: What is the impact of macroeconomic conditions on margins and capacity? - Management believes that product mix improvements and operational efficiency will continue to support margin growth, even in the face of potential macroeconomic slowdowns [70][72] Question: How are customer relationships developing post-pandemic? - Diodes is expanding relationships with new customers and increasing dollar content within existing accounts, maintaining strong momentum [78][80] Question: What are the trends expected in each segment for Q3? - Automotive and industrial markets are expected to remain strong, while computing may stabilize and consumer demand varies by application [82][84]

` UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Non-accelerated filer ☐ Smaller reporting company ☐ Emerging growth company ☐ 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, 2022 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 sp ...

Diodes Incorporated (NASDAQ:DIOD) Q1 2022 Results Conference Call May 4, 2022 5:00 PM ET Company Participants Leanne Sievers - Shelton Group, IR Gurmeet Dhaliwal - Director of Investor Relations Keh-Shew Lu - Chairman, President & CEO Brett Whitmire - CFO Emily Yang - SVP, Worldwide Sales and Marketing Gary Yu - SVP, Business Groups Conference Call Participants Matt Ramsay - Cowen Tristan Gerra - Baird William Stein - Truist Securities David William - Benchmark Operator Good afternoon, and welcome to Diodes ...

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, 2022 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, 2021 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 (NASDAQ:DIOD) Q4 2021 Earnings Conference Call February 9, 2022 5:00 PM ET Company Participants Leanne Sievers - Shelton Group, IR Keh-Shew Lu - Chairman, President & CEO Brett Whitmire - CFO Emily Yang - SVP, Worldwide Sales and Marketing Gary Yu - SVP, Business Groups Conference Call Participants Matt Ramsay - Cowen & Company William Stein - Truist Securities Gary Mobley - Wells Fargo Securities. Tristan Gerra - Baird David Williams - Benchmark Disclaimer*: This transcript is designed ...

Financial Data and Key Metrics Changes - Revenue for Q3 2021 was a record $471.4 million, an increase of 7% from $440.4 million in Q2 2021 [13] - Gross profit for Q3 2021 was $181.2 million, representing 38.4% of revenue, an increase of 13% from $159.8 million or 36.3% of revenue in Q2 2021 [13] - GAAP net income for Q3 2021 was a record $68.4 million or $1.50 per diluted share, a 23% increase compared to $1.22 per diluted share in Q2 2021 [16] - EBITDA for Q3 2021 was a record $114.5 million or 24.3% of revenue, compared to $99.4 million or 22.6% of revenue in the prior quarter [18] Business Line Data and Key Metrics Changes - Automotive revenue grew over 65% year-over-year and 7% sequentially, contributing to an eight-year CAGR of 30% [10][27] - Industrial market revenue reached a quarterly record, growing 66% over the prior year and 17% sequentially [30] - Computing market revenue grew over 140% year-over-year, driven by record Pericom revenue [34] Market Data and Key Metrics Changes - Asia represented 80% of revenue, Europe 12%, and Americas 8% in Q3 2021 [25] - In terms of end markets, computing represented 30% of revenue, industrial 24%, consumer 18%, communication 16%, and automotive 12% [26] Company Strategy and Development Direction - The company aims for a target of $1 billion in gross profit on $2.5 billion in revenue and 40% gross margin by 2025 [12] - The strategy includes content expansion initiatives and a total solution sales strategy to drive design-ins and design wins [38][59] Management's Comments on Operating Environment and Future Outlook - Management noted that the backlog remains strong and has not seen significant changes in customer behavior regarding inventory rebalancing [40] - The company expects revenue for Q4 2021 to increase to approximately $476 million, which is better than typical seasonality [23] Other Important Information - Cash flow generated from operations was $98.9 million for Q3 2021, with free cash flow of $57.8 million [19] - Total inventory days increased to approximately 99 in Q3 2021, with total inventory dollars increasing to approximately $322.1 million [22] Q&A Session Summary Question: Market share gains in the quarter - Management indicated that market share gains were across all product lines, not just Pericom, driven by content expansion and design wins [38] Question: Supply constraints and shipping - Management acknowledged supply constraints but noted that the backlog remains strong and customer demand is being understood to overcome bottlenecks [40] Question: Seasonal guidance and end markets - Management stated that strength is seen across all markets, particularly in automotive, industrial, and computing, with consumer-related low-end PCs being slightly softer [42] Question: Capacity expansion efforts - Management discussed ongoing capacity expansion by converting smaller wafers to larger ones and ramping up production in various fabs [49] Question: Gross margin improvements - Management indicated that gross margin improvements are primarily due to manufacturing efficiency and product mix rather than price increases [56]