Diodes Past Earnings Performance
Past criteria checks 3/6
Diodes's earnings have been declining at an average annual rate of -23.4%, while the Semiconductor industry saw earnings growing at 1.8% annually. Revenues have been declining at an average rate of 4.9% per year. Diodes's return on equity is 4.5%, and it has net margins of 5.5%.
Key information
-23.41%
Earnings growth rate
-23.42%
EPS growth rate
| Semiconductor Industry Growth | 27.66% |
| Revenue growth rate | -4.95% |
| Return on equity | 4.51% |
| Net Margin | 5.50% |
| Last Earnings Update | 31 Mar 2026 |
Recent past performance updates
Recent updates
Analysis Article • May 11
Earnings Beat: Diodes Incorporated Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models
A week ago, Diodes Incorporated ( NASDAQ:DIOD ) came out with a strong set of quarterly numbers that could potentially...
Narrative Update • May 01
DIOD: Higher Multiple And Margin Durability Risk Will Restrain Auto Earnings Upside
Analysts have raised their price target on Diodes by a combined $31. This reflects updated views on the company’s growth, margin profile and future P/E assumptions following recent research from multiple firms.Narrative Update • Apr 16
DIOD: Higher Multiple And Execution Risk Will Restrain Auto Earnings Upside
Analysts have lifted their fair value estimate for Diodes from $67.00 to $80.00, citing updated assumptions for revenue growth, profit margins, and future P/E multiples that are consistent with recent upgrades and higher price targets from the Street. Analyst Commentary Recent Street research on Diodes has centered on updated assumptions for revenue trends, profitability, and the P/E multiple that investors might be willing to pay.Seeking Alpha • Apr 14
Diodes Incorporated: Why The Rally Is Overdone
Summary DIOD has staged a turnaround in 2026 with the stock rallying higher after a slump in H2 2025, but it is arguably better not to take part in the rally. Most of the gains came after DIOD set impressive targets for the next three years, but there are a couple of issues here worth keeping in perspective. DIOD seems to be benefiting from problems at Nexperia, but recent developments suggest this tailwind could become a headwind in the future. The stock looks overvalued and risky after rallying by so much, which is why I am neutral on DIOD with a hold rating. Read the full article on Seeking Alpha
Narrative Update • Apr 01
DIOD: Future Earnings Power Will Be Supported By Automotive Expansion And Execution Risks
Analysts have raised their price targets on Diodes by $18 and $13 in recent reports, reflecting updated views on the stock that inform the latest valuation assumptions. Analyst Commentary Recent price target increases on Diodes signal that research desks are refreshing their views on the company, with updated assumptions feeding into revised valuation ranges.Narrative Update • Mar 18
DIOD: Higher Earnings Power Will Be Driven By Improved Risk Profile
Analysts have raised their price targets on Diodes by $18 and $13, citing updated views on the company’s risk profile, growth outlook, profitability, and forward P/E assumptions. Analyst Commentary Recent target changes on Diodes reflect updated views on risk, growth, and valuation, with bullish analysts revisiting their models around profitability and forward P/E assumptions.Narrative Update • Mar 04
DIOD: Auto And Power Products Will Support Balanced Outlook At Higher Earnings Multiple
Analysts have lifted their price target for Diodes from $54 to $67, citing updated assumptions around revenue growth, profit margins, and a higher future P/E multiple as reflected in recent Street research from firms including Benchmark and Truist. Analyst Commentary Even with the higher price targets, research updates signal that expectations for Diodes are more balanced than the headline moves suggest.Narrative Update • Feb 18
DIOD: Higher Revenue And Margin Assumptions Will Support Stronger Earnings Power
Narrative Update on Diodes The analyst price target for Diodes has been updated from $58.67 to $75.67, with analysts pointing to higher assumed revenue growth, profit margins, a slightly higher discount rate, and a lower future P/E as key drivers of the change. Analyst Commentary Recent research updates have focused on how changes in assumptions around revenue growth, margins, discount rates, and future P/E levels affect Diodes' valuation framework.Analysis Article • Feb 17
We Think That There Are Issues Underlying Diodes' (NASDAQ:DIOD) Earnings
Unsurprisingly, Diodes Incorporated's ( NASDAQ:DIOD ) stock price was strong on the back of its healthy earnings...Narrative Update • Feb 04
DIOD: Auto And Power Products Will Support Steady Outlook On Fair Value
Analysts have kept their Diodes price target steady at US$54.00, reflecting updated views that are broadly consistent on discount rate, revenue growth, profit margin, and future P/E assumptions. What's in the News Launched the automotive compliant PI2MEQX2505Q MIPI D PHY ReDriver, targeting higher pixel count camera monitoring and ADAS systems with data rates up to 2.5Gbps and multiple programmable signal integrity settings (Key Developments).Narrative Update • Jan 20
DIOD: Automotive Portfolio And Power Products Will Support Steady Fair Value Outlook
Analysts have maintained their fair value estimate for Diodes at US$54.00. They have made small adjustments to the discount rate, expected revenue growth, profit margin, and future P/E assumptions to reflect updated views on the company’s risk profile and earnings potential.Narrative Update • Jan 06
DIOD: Automotive Product Expansion And Higher P/E Will Support Balanced Outlook
Analysts have lifted their price target on Diodes from US$51 to US$54, citing updated assumptions for fair value, discount rate, revenue growth, profit margin and future P/E that together support a slightly higher valuation range. What's in the News Diodes expanded its automotive-compliant bipolar transistor portfolio with the DXTN/P 78Q and 80Q series, a set of twelve ultra low VCE(sat) NPN and PNP devices aimed at power switching, gate driving, DC-DC conversion, and motor and actuator control across 12 V, 24 V, and 48 V systems, priced from US$0.19 to US$0.22 in 6,000-piece quantities (Product-Related Announcements).Narrative Update • Dec 14
DIOD: Automotive Expansion And Higher Multiple Will Drive Balanced Risk Reward
Analysts have lifted their price target on Diodes from 43.00 dollars to 51.00 dollars, citing expectations for faster top line growth and a higher future earnings multiple. These factors more than offset slightly lower projected profit margins and a higher discount rate.Narrative Update • Aug 08
AI Demand And Automotive Electrification Will Expand Semiconductor Markets
Despite a notable decline in net profit margin, the significant rise in Diodes’ future P/E multiple suggests heightened market optimism for future growth, resulting in a revised fair value price target of $58.67. What's in the News Diodes Incorporated provided Q3 2025 guidance targeting revenue of approximately $392 million (±3%), representing a 12% year-over-year increase, marking the fourth consecutive quarter of annual growth.Analysis Article • Aug 01
Revenues Working Against Diodes Incorporated's (NASDAQ:DIOD) Share Price
You may think that with a price-to-sales (or "P/S") ratio of 1.7x Diodes Incorporated ( NASDAQ:DIOD ) is definitely a...Analysis Article • Jun 24
These 4 Measures Indicate That Diodes (NASDAQ:DIOD) Is Using Debt Reasonably Well
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Analysis Article • May 16
Investors Can Find Comfort In Diodes' (NASDAQ:DIOD) Earnings Quality
Diodes Incorporated's ( NASDAQ:DIOD ) recent soft profit numbers didn't appear to worry shareholders, as the stock...Analysis Article • Apr 17
Diodes Incorporated's (NASDAQ:DIOD) 27% Dip In Price Shows Sentiment Is Matching Revenues
To the annoyance of some shareholders, Diodes Incorporated ( NASDAQ:DIOD ) shares are down a considerable 27% in the...Analysis Article • Apr 16
At US$35.62, Is It Time To Put Diodes Incorporated (NASDAQ:DIOD) On Your Watch List?
Diodes Incorporated ( NASDAQ:DIOD ), is not the largest company out there, but it received a lot of attention from a...Analysis Article • Mar 31
Capital Allocation Trends At Diodes (NASDAQ:DIOD) Aren't Ideal
Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...Analysis Article • Feb 28
Diodes Incorporated (NASDAQ:DIOD) Looks Inexpensive But Perhaps Not Attractive Enough
With a price-to-sales (or "P/S") ratio of 1.8x Diodes Incorporated ( NASDAQ:DIOD ) may be sending bullish signals at...Analysis Article • Feb 04
Is Diodes (NASDAQ:DIOD) A Risky Investment?
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Analysis Article • Jan 03
Is Diodes Incorporated (NASDAQ:DIOD) Potentially Undervalued?
Diodes Incorporated ( NASDAQ:DIOD ), might not be a large cap stock, but it saw a double-digit share price rise of over...Analysis Article • Nov 17
Returns On Capital Signal Tricky Times Ahead For Diodes (NASDAQ:DIOD)
Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...Revenue & Expenses Breakdown
Revenue & Expenses Breakdown
How Diodes makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 26 | 1,555 | 86 | 247 | 164 |
| 31 Dec 25 | 1,482 | 66 | 242 | 162 |
| 30 Sep 25 | 1,430 | 64 | 241 | 154 |
| 30 Jun 25 | 1,388 | 64 | 240 | 146 |
| 31 Mar 25 | 1,341 | 26 | 239 | 139 |
| 31 Dec 24 | 1,311 | 44 | 234 | 134 |
| 30 Sep 24 | 1,295 | 61 | 228 | 134 |
| 30 Jun 24 | 1,349 | 96 | 232 | 134 |
| 31 Mar 24 | 1,496 | 170 | 241 | 136 |
| 31 Dec 23 | 1,662 | 227 | 258 | 135 |
| 30 Sep 23 | 1,835 | 294 | 273 | 136 |
| 30 Jun 23 | 1,952 | 332 | 278 | 135 |
| 31 Mar 23 | 1,986 | 330 | 280 | 131 |
| 31 Dec 22 | 2,001 | 331 | 281 | 126 |
| 30 Sep 22 | 1,985 | 305 | 280 | 122 |
| 30 Jun 22 | 1,935 | 287 | 279 | 121 |
| 31 Mar 22 | 1,874 | 262 | 270 | 120 |
| 31 Dec 21 | 1,805 | 229 | 258 | 119 |
| 30 Sep 21 | 1,675 | 193 | 240 | 114 |
| 30 Jun 21 | 1,513 | 152 | 216 | 107 |
| 31 Mar 21 | 1,362 | 117 | 202 | 98 |
| 31 Dec 20 | 1,229 | 98 | 185 | 94 |
| 30 Sep 20 | 1,180 | 116 | 176 | 91 |
| 30 Jun 20 | 1,194 | 126 | 178 | 90 |
| 31 Mar 20 | 1,228 | 142 | 179 | 90 |
| 31 Dec 19 | 1,249 | 153 | 181 | 89 |
| 30 Sep 19 | 1,262 | 136 | 181 | 88 |
| 30 Jun 19 | 1,260 | 128 | 177 | 88 |
| 31 Mar 19 | 1,242 | 117 | 173 | 88 |
| 31 Dec 18 | 1,214 | 104 | 176 | 86 |
| 30 Sep 18 | 1,168 | 44 | 178 | 84 |
| 30 Jun 18 | 1,132 | 27 | 179 | 82 |
| 31 Mar 18 | 1,092 | 16 | 176 | 80 |
| 31 Dec 17 | 1,054 | -2 | 169 | 78 |
| 30 Sep 17 | 1,018 | 30 | 162 | 76 |
| 30 Jun 17 | 983 | 26 | 157 | 73 |
| 31 Mar 17 | 956 | 19 | 158 | 70 |
| 31 Dec 16 | 942 | 16 | 158 | 70 |
| 30 Sep 16 | 924 | 10 | 160 | 69 |
| 30 Jun 16 | 883 | 2 | 156 | 65 |
| 31 Mar 16 | 865 | 11 | 147 | 62 |
| 31 Dec 15 | 849 | 24 | 139 | 57 |
| 30 Sep 15 | 858 | 46 | 132 | 53 |
| 30 Jun 15 | 883 | 62 | 132 | 53 |
Quality Earnings: DIOD has a large one-off gain of $46.4M impacting its last 12 months of financial results to 31st March, 2026.
Growing Profit Margin: DIOD's current net profit margins (5.5%) are higher than last year (1.9%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: DIOD's earnings have declined by 23.4% per year over the past 5 years.
Accelerating Growth: DIOD's earnings growth over the past year (234.8%) exceeds its 5-year average (-23.4% per year).
Earnings vs Industry: DIOD earnings growth over the past year (234.8%) exceeded the Semiconductor industry 12.3%.
Return on Equity
High ROE: DIOD's Return on Equity (4.5%) is considered low.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/14 06:28 |
| End of Day Share Price | 2026/05/14 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Diodes Incorporated is covered by 11 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Tristan Gerra | Baird |
| Brian Piccioni | BMO Capital Markets Equity Research |
| Shawn Harrison | Longbow Research LLC |