Business
Diodes Incorporated Reports Second Quarter Fiscal 2025 Financial Results
Exceeds 2Q Revenue Expectations, Growing 10% Sequentially and 14% Year-over-Year with Continued Double-Digit Year-over-Year Growth Momentum into 3Q PLANO,
About this update from Diodes Incorporated
[{"type":"text","content":"\nExceeds 2Q Revenue Expectations, Growing 10% Sequentially and 14% Year-over-Year with Continued Double-Digit Year-over-Year Growth Momentum into 3Q\n\n\n PLANO, Texas--(BUSINESS WIRE)--\nDiodes Incorporated (Diodes) (Nasdaq: DIOD) today reported its financial results for the second quarter ended June 30, 2025.\n\n\nSecond Quarter Highlights\n\n\n\nRevenue was $366.2 million, compared to $319.8 million in the second quarter 2024 and $332.1 million in the prior quarter;\n\n\n\nGAAP gross profit was $115.3 million, compared to $107.4 million in the same quarter a year ago and $104.7 million in the prior quarter;\n\n\n\nGAAP gross profit margin was 31.5 percent, compared to 33.6 percent in the second quarter of 2024 and 31.5 percent in the prior quarter;\n\n\n\nGAAP net income was $46.1 million, compared to GAAP net income of $8.0 million in the same quarter a year ago and GAAP net loss of $4.4 million last quarter;\n\n\n\nNon-GAAP adjusted net income was $15.0 million, compared to $15.4 million in the same quarter a year ago and $8.8 million in the prior quarter;\n\n\n\nGAAP income was $0.99 per diluted share, compared to GAAP EPS of $0.17 per diluted share in the second quarter of 2024 and GAAP loss per share of $0.10 per share in the prior quarter;\n\n\n\nNon-GAAP EPS was $0.32 per diluted share, compared to $0.33 per diluted share in the same quarter a year ago and $0.19 per diluted share in the prior quarter;\n\n\n\nExcluding $4.6 million, net of tax, non-cash share-based compensation expense, both GAAP net income and non-GAAP adjusted net income would have increased by $0.10 per diluted share;\n\n\n\nEBITDA was $84.5 million, or 23.1 percent of revenue, compared to $41.1 million, or 12.8 percent of revenue during the same quarter last year and $26.2 million, or 7.9 percent of revenue in the prior quarter; and\n\n\n\nAchieved $41.5 million cash flow from operations and $21.1 million of free cash flow, including $20.4 million of capital expenditures. Net cash flow was a negative $18.2 million, including approximately $49.2 million from an increase in equity investments and $10.0 million for the stock buyback program.\n\n\n\nCommenting on the results, Gary Yu, President and CEO of Diodes, stated, “Our above expected revenue results represent our third consecutive quarter of year-over-year growth, indicating the ongoing improvem...