Pulling SEC filings + quote and writing the call…

DIODES INC /DEL/
Next earnings Aug 5, 2026 · consensus $0.62 EPS, $444M rev
Last earnings -7.6% on 2026-05-12
Analog/discrete chipmaker recovering off a cyclical trough with a fortress balance sheet, but earnings far below peak and the multiple is steep.
Sources: SEC EDGAR (CIK 0000029002, latest 10-Q filed 2026-05-07) · analysis by claude-code · as of 6/21/2026, 8:57:36 PM.
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Middling fundamentals and a rich price (~56% above fair value) leave little margin of safety — a wait-and-see.
Diodes is a discrete and analog semiconductor maker emerging from a sharp cyclical downturn. FY2025 revenue grew 13.0% to $1.48B and net income rose 50.2% to $66.1M, but both remain far below the FY2022 peak ($2.00B revenue, $331M net income) — this is an early-cycle recovery, not a return to prior earnings power. Tellingly, operating income actually fell 29.7% to $35.5M (a depressed 2.4% operating margin), while reported net income rose on below-the-line/tax items; the gross margin of 31.2% is well off the levels the company earned at the top of the cycle.
The risks, catalysts, 12-month price target and the cited SEC figures behind this rating — with Pro.
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| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $1.81B | $2.00B | $1.66B | $1.31B | $1.48B |
| Gross profit | $670M | $827M | $658M | $436M | $462M |
| Operating income | $276M | $408M | $251M | $50.5M | $35.5M |
| Net income | $229M | $331M | $227M | $44.0M | $66.1M |
| Diluted EPS | $5.00 | $7.20 | $4.91 | $0.95 | $1.43 |
| Net margin | 12.7% | 16.6% | 13.7% | 3.4% | 4.5% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
1046 tracked peers · median
Dates from 8-K (Item 2.02); beat/miss = reported EPS vs consensus (Finnhub, recent quarters); move = prior close → close on/after.
Last 90 days: 0 open-market buys · 10 sales
| 2026-05-29 | Tang Francis Chief Technology Officer | Sell | 15.3K @ $112.04 | $1.72M |
| 2026-05-29 | White Richard Dallas Corporate Secretary | Sell | 1.00K @ $104.48 | $104K |
| 2026-05-29 | White Richard Dallas Corporate Secretary | Sell | 2.00K @ $107.01 | $214K |
| 2026-05-27 | Yang Emily SVP Worldwide Sales/Marketing | Sell | 3.00K @ $110.08 | $330K |
| 2026-05-27 | Tang Francis Chief Technology Officer | Sell | 5.00K @ $110.08 | $550K |
| 2026-05-27 | Yu Gary President and CEO | Sell | 3.63K @ $110.08 | $400K |
| 2026-05-26 | LU KEH SHEW Insider | Tax | 1.97K @ $108.24 | $213K |
| 2026-05-26 | Zhao Jin President, Diodes Asia | Sell | 3.69K @ $106.86 | $394K |
| 2026-05-26 | Tsong Andy SVP Worldwide Products Group | Sell | 1.58K @ $106.96 | $169K |
| 2026-05-26 | Yang Emily SVP Worldwide Sales/Marketing | Sell | 2.00K @ $107.52 | $215K |
| 2026-05-26 | Tang Francis Chief Technology Officer | Sell | 4.14K @ $108.00 | $447K |
| 2026-05-26 | Yu Gary President and CEO | Tax | 592.00 @ $108.24 | $64.1K |