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Jun 30, 2025
Diodes Q2 2025 Earnings Report
Diodes reported its second quarter fiscal 2025 financial results, exceeding revenue expectations with sequential and year-over-year growth, alongside significant improvements in GAAP net income and EPS.
Key Takeaways
Diodes Incorporated delivered strong second-quarter fiscal 2025 results, with revenue reaching $366.2 million, a 14% increase year-over-year. The company reported GAAP net income of $46.1 million and GAAP EPS of $0.99 per diluted share, significantly up from the prior year. Non-GAAP EPS was $0.32. Gross profit stood at $115.3 million, with a gross profit margin of 31.5%. The company also generated $41.5 million in cash flow from operations and $21.1 million in free cash flow.
Revenue for Q2 2025 was $366.2 million, marking a 10% sequential increase and 14% year-over-year growth, exceeding expectations.
GAAP net income significantly improved to $46.1 million, compared to $8.0 million in Q2 2024, and GAAP EPS rose to $0.99 per diluted share from $0.17.
EBITDA increased substantially to $84.5 million, or 23.1% of revenue, up from $41.1 million (12.8% of revenue) in the same quarter last year.
The company generated $41.5 million in cash flow from operations and $21.1 million in free cash flow, demonstrating strong cash generation.
Forward Guidance
For the third quarter of 2025, Diodes anticipates continued strong growth, with revenue expected to increase to approximately $392 million, representing 12% year-over-year growth at the mid-point. GAAP gross margin is projected to be 31.6%, and non-GAAP operating expenses are expected to be around 26.0% of revenue.
Positive Outlook
- Expected revenue increase to approximately $392 million for Q3 2025, indicating continued growth momentum.
- Anticipated 12% year-over-year growth at the mid-point for Q3 2025 revenue, marking the fourth consecutive quarter of year-over-year growth.
- Strong demand in Asia for AI-related computing applications is expected to drive revenue growth.
- Increasing demand in the EV automotive market in China is a positive driver for Q3.
- GAAP gross margin is expected to remain stable at 31.6%, plus or minus 1%.
Challenges Ahead
- No specific negative forward guidance points were explicitly stated in the provided text.
- The company did not provide specific EPS guidance for the next quarter.
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