Slide 1: First Quarter 2025 Financial Results
First Quarter 2025 Financial Results Diodes Incorporated (DIOD) Plano, TX, USA May 8, 2025
Slide 2: Safe Harbor Statement
Safe Harbor Statement Page 1 Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: Any statements set forth above that are not historical facts are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from th
Slide 3: About Diodes Incorporated
About Diodes Incorporated Page 2 Diodes delivers analog and discrete power solutions through its high-quality semiconductor products to the world’s leading companies in the automotive, industrial, computing, consumer electronics, and communications markets. 66 33 ~8400 Vision: Years in Consecutive y
Slide 4: Longer Term $B Corporate Objectives
Longer Term $B Corporate Objectives Page 3 ▪ Goal 1: $1B Market Cap ▪ Goal 2: $1B Annual Revenue ▪ Goal 3: $1B Gross Profit $1B PBT ▪ Goal 4: $1B Profit Before Tax Next Target: $1B Gross Profit $1B Gross Profit Gross Margin: 40% Revenue: $2.5B $1B Revenue - 2017 $1B Market Cap - 2010
Slide 5: Targeted Market Segment Goal
Targeted Market Segment Goal Page 4 Automotive ▪ Connected driving, comfort/style/safety, electrification/powertrain ~40% of revenue Industrial (42% for Q1 2025) ▪ Embedded systems, precision controls, medical, clean energy, machine to machine, robotics, motor controls, and AIoT Consumer ▪ IoT: wear
Slide 6: Profitability Growth
Profitability Growth Page 5 Track Record of Continued Outperformance Annual Revenue ($ in millions) Gross Profit ($ in millions)
Slide 7: Gross Margins and EPS
Gross Margins and EPS Page 6 Gross Margins (%) Non-GAAP EPS ($)
Slide 8: 1Q FY25 Highlights
1Q FY25 Highlights Page 7 1Q revenue exceeded expectations and achieved over 10% YoY growth 12th consecutive quarter of automotive and industrial product revenue above our target model of 40% Automotive revenue 19% of product revenue $349 million in cash and cash equivalents*; total debt approx. $52
Slide 9: 1Q FY25 Performance
1Q FY25 Performance Page 8 Revenue GAAP Gross Profit GAAP Gross Margin Non-GAAP EPS $332.1M $104.7M 31.5% $0.19 -2.1% Q-Q - 5.6% Q-Q -120 bps Q-Q -29.6% Q-Q Non-GAAP Cash Flow from Ops Strong Balance Sheet EBITDA Net Income $8.8M $26.2M $56.7M $349M/$52M Cash*/Debt -29.6% Q-Q 7.9% of Revenue 17% of
Slide 10: Revenue Profile for First Quarter 2025
Revenue Profile for First Quarter 2025 Page 9
Slide 11: Quarterly Performance
Quarterly Performance Page 10 Quarterly Revenue ($ Millions) Quarterly Gross Profit ($ Millions)
Slide 12: Income Statement – First Quarter 2025
Income Statement – First Quarter 2025 Page 11 ($ in millions, except EPS) 1Q24 4Q24 1Q25 Net sales 302.0 339.3 332.1 Gross profit (GAAP) 99.6 110.9 104.7 Gross profit margin % (GAAP) 33.0% 32.7% 31.5% Net income (GAAP) 14.0 8.2 (4.4) Net income (non-GAAP) 13.0 12.5 8.8 Diluted EPS (non-GAAP) 0.28 0.
Slide 13: Balance Sheet
Balance Sheet Page 12 ($ in millions) Dec 31, 2023 Dec 31, 2024 Mar 31, 2025 Cash* 329 322 349 Inventory 390 475 471 Current assets 1,187 1,224 1,225 Total assets 2,368 2,386 2,356 Total debt 62 52 52 Total liabilities 558 517 485 Total equity 1,810 1,869 1,872 * Cash and cash equivalents, restricte
Slide 14: Second Quarter 2025 Business Outlook
Second Quarter 2025 Business Outlook Page 13 ▪ Revenue to be ~$355 million, +/- 3.0% ▪ Shares used to calculate diluted EPS are approximately 46.4 million ▪ GAAP gross margin of 31.8%, +/- 1% ▪ Amortization of $4.8 million, after tax, for ▪ Non-GAAP operating expenses 28.0% previous acquisitions is
Slide 15: Investment Summary
Investment Summary Page 14 ▪ Vision: Expand shareholder value ▪ Mission: Profitability growth to drive 20%+ operating profit ▪ Next Strategic Goal: $1B gross profit ▪ Tactics: ▪ Total system solutions sales approach and content expansion driving growth ▪ Focus on key accounts ▪ Increased focus on hi
Slide 16: Thank you
In CORPORATE D DIODES | scesnbics Thank you www.diodes.com
Slide 17: Reconciliation of Net Income to Adjusted Net Income
Reconciliation of Net Income to Adjusted Net Income Page 16 (in thousands, except per share data) For the three months ended March 31, 2025 (unaudited) Note: Included in GAAP net loss and non-GAAP adjusted net income was approximately $5.0 million, net of tax, non-cash share-based compensation expen
Slide 18: GAAP to Non-GAAP Reconciliation
GAAP to Non-GAAP Reconciliation Page 17 (in thousands, except per share data) For the three months ended March 31, 2025 Other (unaudited) Operating (Income) Income Tax Expenses Expense Provision Net Income Per-GAAP $ 14,038 Diluted earnings per share (per-GAAP) $ 0.30 Adjustments to reconcile net in