On this page of StockholderLetter.com we present the latest annual shareholder letter from DIODES INC /DEL/ — ticker symbol DIOD. Reading current and past DIOD letters to shareholders can bring important insights into the investment thesis.

 •  4/1/2026 Letter Continued (Full PDF)
 •  4/13/2023 DIOD Stockholder Letter
 •  4/19/2024 DIOD Stockholder Letter
 •  4/2/2025 DIOD Stockholder Letter
 •  More "Semiconductors" Category Stockholder Letters
 •  DIOD Benford's Law Stock Score = 74

DIOD Shareholder/Stockholder Letter Transcript:

2025
ANNUAL REPORT
Analog & Power Solutions


i
e In r
ra e
e er
er
Year In Review
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Gr win
r uni y in r
ia In e i en e I
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ve In u ria ar e



                                    s                          /                                                                                                                                               
                                                                                        d                                                                                                                
n i en r a i i y an a
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Year inan ia ar e
                                                                                                                                                                     d                                                            

   '                                                '  W                                   
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for the company.

Gary Yu,
W                      K

FINANCIAL HIGHLIGHTS




















2021 2022 2023 2024 2025
$1,805 $2,001 $1,662 $1,311 $1,482
2021 2022 2023 2024 2025
$229 $331 $227 $44 $66
2021 2022 2023 2024 2025
$237 $339 $223 $61 $57
2021 2022 2023 2024 2025
$1,237 $1,514 $1,741 $1,795 $1,878
NET SALES
NET INCOME
COMMON STOCKHOLDERS
NET INCOME
COMMON STOCKHOLDERS
[NON-GAAP ADJUSTED1]
STOCKHOLDERS    EQUITY
in millions
in millions
in millions
in millions
LQ WKRXVDQGV  H[FHSW SHU VKDUH GDWD
NET SALES
<2< JURZWK
GROSS PROFIT
*URVV PDUJLQ
Selling, general and administrative expenses
Research and development expenses
Amortization of acquisition-related intangible assets
Restructuring costs
Loss (gain) on disposal of fixed assets
2025
2024
2023
2022
2021
1,482,073
462,436
241,606
1,311,120
435,862
233,913
1,661,739
658,182
257,939
2,000,580
827,237
280,877
1,805,162
670,360
257,710
162,175
22,227
134,051
134,868
126,316
119,200
16,499
15,282
15,610
16,216
394
8,591
1,583


(7,641)
(2,045)
(3,651)
246
572
Other

TOTAL OPERATING EXPENSES
(1)
(16)
(108)
1,003
426,974
385,412
407,611
419,044
394,375
Income from operations
35,462
50,450
250,571
408,193
275,985
Interest income (expense), net
25,528
15,969
7,638
(4,648)
(12,818)
(6,308)
(5,264)
2,122
(2,107)
(321)
18,267
(16,514)
28,018

Foreign currency (loss) gain, net
Unrealized gain (loss) on investments
28,561
(4,352)
Impairment of equity investment
(5,817)



Gain on disposal of subsidiary
13,730




2,892
6,721
6,787
17,551
315,095
Other (expense) income
(687)
INCOME before income taxes and noncontrolling interest
83,959
62,682
277,933
395,940
Income tax provision
14,789
11,840
47,285
56,685
78,807
Net income
69,170
50,842
230,648
339,255
236,288
Less: net income - noncontrolling interest
NET INCOME (LOSS) - COMMON STOCKHOLDERS (GAAP)
(3,029)

66,141
(6,818)

44,024
(3,466)

227,182
(7,972)

331,283
(7,525)

228,763
NET INCOME - COMMON STOCKHOLDERS (non-GAAP adjusted)1

56,682

60,945

222,784

338,959

237,192
EARNINGS (LOSS) PER SHARE, diluted (GAAP)

1.43

0.95

4.91

7.20

5.00
EARNINGS PER SHARE, diluted (non-GAAP adjusted)1

1.22

1.31

4.81

7.36

Number of diluted shares
Total assets
Working capital
Long-term debt, net of current portion
Total Diodes Incorporated stockholders' equity
"Additional Information" located near the end of this report.
46,414

2,448,100
46,408

2,386,281
46,311

2,367,659
46,036

2,288,312
5.18
45,781

2,194,495
878,622
848,557
793,887
729,141
24,224
19,563
16,979
147,470
716,638
265,574
1,878,124
1,795,301
1,740,741
1,513,645
1,237,242

4/1/2026 Letter Continued (Full PDF)

 

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