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Makes discrete and analog/mixed-signal semiconductors used broadly in automotive, industrial and consumer electronics.
Makes discrete and analog/mixed-signal semiconductors used broadly in automotive, industrial and consumer electronics.
Sells large volumes of low-priced chips, largely through distributors to electronics makers in Asia, so earnings depend on keeping its factories full and on mix shifting toward higher-value parts for cars and industrial equipment. It runs its own plants, including in China and the UK, and bought Lite-On Semiconductor in 2020 to add scale.
Moat: narrow (scale, cost advantage). Scale in commodity discrete components gives manufacturing cost advantages over smaller rivals.
Headquarters: Plano, Texas, US · Founded: 1959 · Employees: 7,989
Size Diodes (DIOD) is a United States Information Technology company (Semiconductors) with a market value of $3.56B, the 1423rd largest of 3,117 United States companies the cockpit tracks. Shares closed at $77.36 on 6 Nov 2026.
Performance Over six months the shares fell 30.6%, against -25.6% for the median peer and -1.1% for the United States market (cap-weighted) — 8th lowest of 19 in its peer set.
Growth Revenue grew 17.8% over the last twelve months (peer median +23.9%); the operating margin is 4.8% (peer median 3.8%).
Valuation It trades at 14.6× forward earnings against a peer median of 81.0× (2nd cheapest of 16).
Price implies For today's price to make sense, revenue must grow about 34% a year for seven years (Req g). Recent delivered growth is +4%, so the hurdle is +30 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 10.9 points below its cost of capital (14.4% WACC).
Short interest Short interest is 5.6% of the free float (15 Oct 2026).
Next results Next results expected around 16 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $1.63B | $1.48B | $1.31B | $1.66B | $2.00B |
| Revenue growth | — | +13% | -21% | -17% | — |
| Gross profit | $500M | $440M | $419M | $643M | $812M |
| EBITDA | $221M | $180M | $189M | $387M | $532M |
| Net income | $86.1M | $66.1M | $44.0M | $227M | $331M |
| Free cash flow | $143M | $137M | $46.4M | $130M | $181M |
| Capital expenditure | $108M | $78.4M | $73.0M | $151M | $212M |
| Total debt | $89.0M | $95.6M | $91.7M | $98.4M | $214M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Diodes DIOD | $3.56B | -31% | +18% | 5% | 14.6× | 34.0% |
| ON Semiconductor ON | $24.6B | -39% | +3% | 19% | 14.3× | 20.0% |
| Vishay Intertechnology VSH | $3.57B | -32% | +18% | 5% | 13.2× | 18.8% |
| STM STM | $41.0B | -29% | +16% | 7% | 17.3× | 38.6% |
| Alpha and Omega Semiconductor L AOSL | $716M | -38% | -2% | -6% | n/a | n/a |
| Rohm 6963.T | $6.76B | -19% | +12% | 4% | 24.3× | n/a |
| Infineon Technologies IFX.DE | $66.8B | -33% | +6% | 13% | 26.0× | 30.2% |
| Yangzhou Yangjie Electronic Technology 300373.SZ | $5.99B | -3% | +29% | 18% | 22.4× | 18.1% |
| Texas Instruments TXN | $253B | -4% | +20% | 41% | 24.6× | 23.3% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | DIOD | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -19.6% | -20.3% | 11th highest of 21 |
| 6-month return | -30.6% | -25.6% | 8th lowest of 19 |
| Distance from 52-week high | -38.6% | -54.4% | 4th highest of 21 |
| Revenue growth (TTM) | +17.8% | +23.9% | 9th lowest of 21 |
| Operating margin | 4.8% | 3.8% | 10th highest of 20 |
| Forward P/E | 14.6× | 81.0× | 2nd cheapest of 16 |
| Growth the price implies (Req g, 7 yrs) | 34.0% | 14.3% | most demanding of 8 |
| Growth delivered (Del g) | +3.8% | +17.9% | 2nd lowest of 8 |
| Hurdle (Req g minus delivered) | +30.2 pp | -10.4 pp | most demanding of 8 |
| ROIC minus cost of capital | -10.9 pp | -7.2 pp | 5th lowest of 20 |
| EV / EBITDA | 14.8× | 33.6× | 2nd cheapest of 5 |
| Net debt / EBITDA | -1.6× | -1.2× | 3rd least indebted of 6 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Diodes DIOD | United States | $3.56B | -31% | +18% | 5% | 14.6× | 34.0% | +3.8% |
| Suzhou Novosense Microlectronics 2676.HK | Hong Kong | $3.57B | -28% | +86% | -2% | 121.4× | n/a | n/a |
| Hangzhou Lion Electronics 605358.SS | China | $3.55B | -25% | +24% | -1% | 81.0× | n/a | n/a |
| Suzhou Novosense Microelectronics 688052.SS | China | $3.60B | -15% | +77% | -2% | 209.7× | n/a | n/a |
| Linktel Technologies 301205.SZ | China | $3.60B | -39% | +54% | 3% | 281.1× | n/a | n/a |
| JA Solar Technology 002459.SZ | China | $3.50B | -35% | -23% | n/a | n/a | -20.3% | +13.7% |
| Nordic Semiconductor NOD.OL | Norway | $3.62B | -12% | +15% | 8% | 54.6× | n/a | n/a |
| Suzhou Everbright Photonics 688048.SS | China | $3.48B | -63% | +88% | -1% | 626.2× | n/a | n/a |
| Jiangsu X-chip Semiconductor Tech 301707.SZ | China | $3.40B | n/a | +55% | 41% | n/a | n/a | n/a |
| Soitec SOI.PA | France | $3.79B | -38% | -34% | -6% | 141.8× | 25.0% | +0.3% |
| Jiangsu JieJie Microelectronics 300623.SZ | China | $3.31B | -9% | +34% | 17% | 24.6× | 17.9% | +28.2% |
| Loongson Technology 688047.SS | China | $3.86B | -44% | +24% | -76% | n/a | n/a | n/a |
| Shenyang Fortune Precision Equipment 688409.SS | China | $3.28B | -2% | +34% | 4% | 122.8× | n/a | n/a |
| Trina Solar 688599.SS | China | $3.90B | -36% | -3% | -9% | n/a | -4.3% | +17.9% |
| Chipbond Technology 6147.TWO | Taiwan | $3.20B | -20% | +18% | 17% | 17.2× | n/a | n/a |
| Airoha Technology 6526.TW | Taiwan | $3.16B | +5% | +10% | 6% | 25.4× | 23.8% | +16.5% |
| Allwinner Technology 300458.SZ | China | $4.02B | -25% | +26% | 15% | 57.3× | n/a | n/a |
| Chengdu Ultra Pure Applied Materials 301717.SZ | China | $4.03B | n/a | +93% | 42% | n/a | n/a | n/a |
| Jiangsu Leadmicro Nano Technology 688147.SS | China | $4.06B | -26% | -5% | 3% | 82.1× | n/a | n/a |
| Shenzhen S.C New Energy Technology 300724.SZ | China | $3.12B | -36% | -67% | 8% | 24.2× | 7.6% | +30.8% |
| Rorze 6323.T | Japan | $3.11B | -24% | +10% | 27% | 12.6× | 14.3% | +20.4% |