Diodes Incorporated · NASDAQ:DIOD
Diodes — Diodes Inc /Del/ — Q2 2025 Earnings Presentation
18 slides from Diodes's earnings presentation, Aug 7, 2025
Slide 1: Second Quarter 2025 Financial Results
Diodes Incorporated (DIOD) Plano, TX, USA Second Quarter 2025 Financial Results August 7, 2025 Exhibit 99.2
Slide 2: Safe Harbor Statement
Safe Harbor Statement 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 those in
Slide 3: About Diodes Incorporated
About Diodes Incorporated Vision: Profitability Growth to Maximize Shareholder Value Our Core Values: Integrity, Commitment, Innovation Diodes delivers analog and discrete power solutions through its high-quality semiconductor products to the world’s leading companies in the automotive, industrial,
Slide 4: Longer Term Corporate Objectives
Longer Term $B Corporate Objectives Goal 1: $1B Market Cap Goal 2: $1B Annual Revenue Goal 3: $1B Gross Profit Goal 4: $1B Profit Before Tax $1B Market Cap $1B Revenue $1B Gross Profit $1B PBT - 2010 - 2017 Next Target: $1B Gross Profit Gross Margin: 40% Revenue: $2.5B
Slide 5: Targeted Market Segment Goal
Targeted Market Segment Goal Automotive Connected driving, comfort/style/safety, electrification/powertrain Industrial Embedded systems, precision controls, medical, clean energy, machine to machine, robotics, motor controls, and AIoT Consumer IoT: wearables, home automation, home appliances, smart
Slide 6: Profitability Growth Track Record of Continued Outperformance
Profitability Growth Track Record of Continued Outperformance Annual Revenue Gross Profit ($ in millions) ($ in millions) CAGR: 10% (2005 – 2024) CAGR: 10% (2005 - 2024)
Slide 7: Gross Margins and EPS
Gross Margins and EPS Gross Margins (%) EPS (Non-GAAP) ($) CAGR: 7.3% (2012 - 2024)
Slide 8: 2Q FY25 Highlights
2Q FY25 Highlights 2Q revenue exceeded expectations and grew 10% sequentially and 14% year-over-year Strong balance sheet with $333 million in cash and cash equivalents*; $54 million in total debt * Cash and cash equivalents, restricted cash, and short-term investments Non-GAAP earnings growth of ~7
Slide 9: 2Q FY25 Performance
2Q FY25 Performance * Cash and cash equivalents, restricted cash, and short-term investments $366.2M +10.3% Q-Q Revenue $115.3M 31.5% Flat Q-Q GAAP Gross Margin $0.32 +68.4% Q-Q Non-GAAP EPS $15M +70.5% Q-Q Non-GAAP Net Income $84.5M EBITDA 23.1% of Revenue Cash Flow from Ops 11.3% of Revenue Strong
Slide 10: Revenue Profile for Second Quarter 2025
Revenue Profile for Second Quarter 2025
Slide 11: Quarterly Performance
Quarterly Performance Quarterly Gross Profit ($ Millions) Quarterly Revenue ($ Millions)
Slide 12: Income Statement – Second Quarter 2025
Income Statement – Second Quarter 2025 ($ in millions, except EPS) 2Q24 1Q25 2Q25 Net sales 319.8 332.1 366.2 Gross profit (GAAP) 107.4 104.7 115.3 Gross profit margin % (GAAP) 33.6% 31.5% 31.5% Net income (GAAP) 8.0 (4.4) 46.1 Net income (non-GAAP) 15.4 8.8 15.0 Diluted EPS (non-GAAP) 0.33 0.19 0.3
Slide 13: Balance Sheet
Balance Sheet ($ in millions) Dec 31, 2023 Dec 31, 2024 June 30, 2025 Cash* 329 322 333 Inventory 390 475 483 Current assets 1,187 1,224 1,245 Total assets 2,368 2,386 2,472 Total debt 62 52 54 Total liabilities 558 517 537 Total equity 1,810 1,869 1,934 * Cash and cash equivalents, restricted cash,
Slide 14: Business Outlook - Third Quarter 2025
Revenue to be ~$392 million, +/- 3.0% representing 12 percent growth over the prior year period at the mid-point, which will be the fourth consecutive quarter of year-over-year growth GAAP gross margin of 31.6%, +/- 1% Non-GAAP operating expenses 26.0% of revenue, +/- 1%, which are GAAP operating ex
Slide 15: Investment Summary
Investment Summary 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 high-margin automotive,
Slide 16: Thank you
PXODES Analog and Discrete Power Solutions In ¢CORPORATED Thank you www.diodes.com
Slide 17: Reconciliation of Net Income to Adjusted Net Income
Reconciliation of Net Income to Adjusted Net Income (in thousands, except per share data) (unaudited) Note: Included in GAAP net income and non-GAAP adjusted net income was approximately $4.6 million, net of tax, non-cash share-based compensation expense. Excluding share-based compensation expense,
Slide 18: GAAP to Non-GAAP Reconciliation
GAAP to Non-GAAP Reconciliation Note: Included in GAAP and non-GAAP income was approximately $3.4 million and $2.8 million respectively, net of tax, non-cash share-based compensation expense. Excluding share-based compensation expense, GAAP diluted earnings per share would have improved by $0.07 per