Diodes

Diodes makes tiny parts that control electricity in gadgets and cars. These components help smartphones work and keep car systems running. The company helps manufacturers build electronics for homes and factories.

The Parts Powering Your World

• Computing: Essential hardware for laptops and data servers; represents 26% of product revenue.
• Industrial: Electronic components for factory machinery; accounts for 24% of product revenue.
• Automotive: Semiconductors used in vehicle power and safety systems; makes up 20% of product revenue.
• Consumer: Parts for household appliances and personal devices; accounts for 17% of product revenue.
• Communications: Technology supporting smartphones and networks; represents 13% of product revenue.

Scaling Up Through Strategic Moves

• Acquired a 43% interest in ATX in June 2025 to create synergies in semiconductor testing and packaging.
• Increased its investment in Atlas in June 2025 to gain access to developing wafer design technology.
• Bought the remaining minority interest in a Taiwan joint venture in early 2025 to reach 100% ownership.

A Distributed Global Presence

Diodes uses a hybrid manufacturing model that blends internal factories with external suppliers for flexibility. Its global network includes engineering and manufacturing sites across Asia, Europe, and the Americas.

Measuring Recent Success

• Net sales reached $405.5 million in Q1 2026, up 22.1% from the prior year.
• Net income turned positive at $15 million in Q1 2026, improving from a $4.4 million loss.
• Operating income rose to $19.8 million in Q1 2026, up from $1.3 million in Q1 2025.
• Free cash flow hit $32.4 million in Q1 2026, down 20.6% from the same period in 2025.

The Big Picture

Diodes has evolved from producing simple semiconductors to delivering specialized power and analog solutions. Its strategic focus on automotive and industrial markets supports its long-term growth and margin targets.