Recent News
On July 18–22, 2025 Diodes announced the DPC851 photocoupler series, describing 5,000Vrms isolation and 350V transistor-side ratings for appliance, EV-charging and industrial power applications. Additional product posts in late July highlighted an LDO announced July 30 and other component introductions through July 23 targeting power-management and isolation for industrial and computing systems.
Technical Analysis
ADX at 15.65 indicates no established trend; price action lacks directional conviction despite clear short-term pressures.
DI+ at 16.90 trending down while DI− at 24.93 trending up signals bearish directional pressure; negative directional index divergence favors downside risk versus upside recovery.
MACD at −0.29 and declining, with the MACD below the signal line (MACD signal −0.01), confirms weakening momentum and no bullish MACD cross at present.
MRO at 14.58 with a peak-and-reversal pattern indicates price sits above the model target and carries a bias toward reduction rather than expansion in the near term.
RSI at 50.52 and decreasing shows momentum losing lift while remaining near neutral; momentum direction favors the bearish setup from DI and MACD.
Price trades below the 20-day average ($53.45) and below the 12-day EMA ($52.84) which is decreasing; the 200-day average sits at $51.10 and the close at $51.03 tests that long-run level as near-term technical support.
Bollinger bands place the close nearer the lower band (lower 1× at $51.79, lower 2× at $50.13), implying constrained upside and an increased probability of a continuation lower if support undercuts $50.13; the super trend upper at $55.98 serves as a clear resistance reference.
Elevated short-term volatility (42‑day beta 3.27 versus 52‑week beta 1.65) combined with below-average volume (current volume ~249,968 versus 10/50/200‑day averages of ~377,697/454,734/493,395) indicates moves can be sharp but lack broad participation.
Fundamental Analysis
Revenue totaled $366,212,000 for the period; YoY revenue growth reads 74.194% while sequential revenue change shows a QoQ contraction of −5.8475% (both figures reported here as percentages). Free cash flow totaled $21,077,000 and free cash flow yield equaled 0.878%.
Gross margin at 31.491% contracted YoY by −6.227 percentage points. Operating margin sits at 2.588%, reflecting elevated operating expense absorption versus gross profit.
EBIT measured $53,729,000, producing an EBIT margin of 14.672%; that margin sits below the industry peer mean of 18.16% and well below the industry peer median of 24.792%. QoQ change in EBIT margin equals −22.17% while reported YoY change equals 243.526%.
Net income reached $46,098,000 and EPS came in at $0.32 versus an estimate of $0.25, outpacing consensus by $0.07 or a 28% surprise.
Balance-sheet liquidity looks robust: $317,049,000 cash, $327,334,000 cash and short-term investments, current ratio 3.33 and quick ratio 2.04. Total debt remained low at $53,978,000 with debt to equity roughly 0.0288, and interest coverage at 106.18x.
Return metrics remain modest: return on assets 1.91% and return on equity 2.456%, while earnings growth stands at 68.421% (reported). Inventory and working capital show elevated days-in-inventory (191 days) and a cash conversion cycle of 211.11 days, both indicating longer capital tie-up in operations.
Valuation metrics skew toward premium multiples: trailing PE 158.22 and forward PE 72.31; price-to-book 1.28. The enterprise multiple reads 23.74 and EV-to-revenue context shows an enterprise value of $2,127,614,157. WMDST values the stock as over‑valued relative to the company’s risk-adjusted fundamentals and cash generation profile.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-06-30 |
| REPORT DATE: | 2025-08-07 |
| NEXT REPORT DATE: | 2025-11-06 |
| CASH FLOW | Begin Period Cash Flow | $ 341.0 M |
| Operating Cash Flow | $ 41.5 M | |
| Capital Expenditures | $ -20.44 M | |
| Change In Working Capital | $ 3.2 M | |
| Dividends Paid | — | |
| Cash Flow Delta | $ -18.18 M | |
| End Period Cash Flow | $ 322.8 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 366.2 M | |
| Forward Revenue | $ 60.3 M | |
| COSTS | ||
| Cost Of Revenue | $ 250.9 M | |
| Depreciation | $ 30.0 M | |
| Depreciation and Amortization | $ 35.9 M | |
| Research and Development | $ 40.5 M | |
| Total Operating Expenses | $ 356.7 M | |
| PROFITABILITY | ||
| Gross Profit | $ 115.3 M | |
| EBITDA | $ 89.6 M | |
| EBIT | $ 53.7 M | |
| Operating Income | $ 9.5 M | |
| Interest Income | $ 7.0 M | |
| Interest Expense | $ 506.0 K | |
| Net Interest Income | $ 6.5 M | |
| Income Before Tax | $ 53.2 M | |
| Tax Provision | $ 9.1 M | |
| Tax Rate | 17.0 % | |
| Net Income | $ 46.1 M | |
| Net Income From Continuing Operations | $ 44.2 M | |
| EARNINGS | ||
| EPS Estimate | $ 0.25 | |
| EPS Actual | $ 0.32 | |
| EPS Difference | $ 0.07 | |
| EPS Surprise | 28.0 % | |
| Forward EPS | $ 0.66 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 2.5 B | |
| Intangible Assets | $ 241.6 M | |
| Net Tangible Assets | $ 1.6 B | |
| Total Current Assets | $ 1.2 B | |
| Cash and Short-Term Investments | $ 327.3 M | |
| Cash | $ 317.0 M | |
| Net Receivables | $ 313.5 M | |
| Inventory | $ 482.7 M | |
| Long-Term Investments | $ 250.2 M | |
| LIABILITIES | ||
| Accounts Payable | $ 148.3 M | |
| Short-Term Debt | $ 29.1 M | |
| Total Current Liabilities | $ 373.6 M | |
| Net Debt | — | |
| Total Debt | $ 54.0 M | |
| Total Liabilities | $ 537.4 M | |
| EQUITY | ||
| Total Equity | $ 1.9 B | |
| Retained Earnings | $ 1.8 B | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 40.62 | |
| Shares Outstanding | 46.211 M | |
| Revenue Per-Share | $ 7.92 | |
| VALUATION | Market Capitalization | $ 2.4 B |
| Enterprise Value | $ 2.1 B | |
| Enterprise Multiple | 23.742 | |
| Enterprise Multiple QoQ | -54.662 % | |
| Enterprise Multiple YoY | -64.54 % | |
| Enterprise Multiple IPRWA | high: 209.03 mean: 58.229 median: 49.069 DIOD: 23.742 low: -326.325 |
|
| EV/R | 5.81 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 1.317 | |
| Asset To Liability | 4.599 | |
| Debt To Capital | 0.028 | |
| Debt To Assets | 0.022 | |
| Debt To Assets QoQ | -0.183 % | |
| Debt To Assets YoY | 86.189 % | |
| Debt To Assets IPRWA | high: 0.638 median: 0.206 mean: 0.194 DIOD: 0.022 low: 0.004 |
|
| Debt To Equity | 0.029 | |
| Debt To Equity QoQ | 0.454 % | |
| Debt To Equity YoY | 84.359 % | |
| Debt To Equity IPRWA | high: 1.649 mean: 0.357 median: 0.318 DIOD: 0.029 low: -0.118 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 1.279 | |
| Price To Book QoQ | 12.27 % | |
| Price To Book YoY | -33.688 % | |
| Price To Book IPRWA | high: 13.227 mean: 4.16 median: 2.914 DIOD: 1.279 low: -2.007 |
|
| Price To Earnings (P/E) | 158.223 | |
| Price To Earnings QoQ | -32.033 % | |
| Price To Earnings YoY | -29.6 % | |
| Price To Earnings IPRWA | high: 477.854 DIOD: 158.223 mean: 100.043 median: 68.132 low: -85.508 |
|
| PE/G Ratio | 2.312 | |
| Price To Sales (P/S) | 6.556 | |
| Price To Sales QoQ | 6.106 % | |
| Price To Sales YoY | -38.744 % | |
| Price To Sales IPRWA | high: 118.859 mean: 22.71 median: 16.194 DIOD: 6.556 low: 0.291 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 72.309 | |
| Forward PE/G | 1.057 | |
| Forward P/S | 39.788 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | -237.263 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.152 | |
| Asset Turnover Ratio QoQ | 8.326 % | |
| Asset Turnover Ratio YoY | 11.897 % | |
| Asset Turnover Ratio IPRWA | high: 0.362 DIOD: 0.152 mean: 0.136 median: 0.123 low: 0.003 |
|
| Receivables Turnover | 1.19 | |
| Receivables Turnover Ratio QoQ | 12.421 % | |
| Receivables Turnover Ratio YoY | 44.421 % | |
| Receivables Turnover Ratio IPRWA | high: 3.244 mean: 2.204 median: 2.051 DIOD: 1.19 low: 0.663 |
|
| Inventory Turnover | 0.526 | |
| Inventory Turnover Ratio QoQ | 9.424 % | |
| Inventory Turnover Ratio YoY | 10.346 % | |
| Inventory Turnover Ratio IPRWA | high: 1.313 mean: 0.691 median: 0.686 DIOD: 0.526 low: 0.159 |
|
| Days Sales Outstanding (DSO) | 76.712 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 211.11 | |
| Cash Conversion Cycle Days QoQ | -4.648 % | |
| Cash Conversion Cycle Days YoY | -13.003 % | |
| Cash Conversion Cycle Days IPRWA | high: 421.858 DIOD: 211.11 median: 138.562 mean: 130.392 low: -168.954 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 0.42 | |
| CapEx To Revenue | -0.056 | |
| CapEx To Depreciation | -0.68 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 1.9 B | |
| Net Invested Capital | $ 1.9 B | |
| Invested Capital | $ 1.9 B | |
| Net Tangible Assets | $ 1.6 B | |
| Net Working Capital | $ 871.0 M | |
| LIQUIDITY | ||
| Cash Ratio | 0.876 | |
| Current Ratio | 3.331 | |
| Current Ratio QoQ | -2.94 % | |
| Current Ratio YoY | -1.482 % | |
| Current Ratio IPRWA | high: 10.851 DIOD: 3.331 mean: 3.244 median: 2.755 low: 0.359 |
|
| Quick Ratio | 2.039 | |
| Quick Ratio QoQ | -3.457 % | |
| Quick Ratio YoY | -3.013 % | |
| Quick Ratio IPRWA | high: 11.513 mean: 2.455 DIOD: 2.039 median: 1.962 low: 0.295 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 0.602 | |
| Cost Of Debt | 0.796 % | |
| Interest Coverage Ratio | 106.184 | |
| Interest Coverage Ratio QoQ | -2255.994 % | |
| Interest Coverage Ratio YoY | 562.482 % | |
| Interest Coverage Ratio IPRWA | DIOD: 106.184 high: 26.361 median: 18.179 mean: 13.239 low: -86.97 |
|
| Operating Cash Flow Ratio | 0.192 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 56.941 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | — | |
| Dividend Payout Ratio | — | |
| Dividend Rate | — | |
| Dividend Yield | — | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 4.89 % | |
| Revenue Growth | 10.267 % | |
| Revenue Growth QoQ | -584.75 % | |
| Revenue Growth YoY | 74.194 % | |
| Revenue Growth IPRWA | high: 39.13 % DIOD: 10.267 % mean: 3.46 % median: 1.591 % low: -16.026 % |
|
| Earnings Growth | 68.421 % | |
| Earnings Growth QoQ | -330.918 % | |
| Earnings Growth YoY | 283.161 % | |
| Earnings Growth IPRWA | high: 122.222 % DIOD: 68.421 % median: 10.0 % mean: 9.459 % low: -53.846 % |
|
| MARGINS | ||
| Gross Margin | 31.491 % | |
| Gross Margin QoQ | -0.105 % | |
| Gross Margin YoY | -6.227 % | |
| Gross Margin IPRWA | high: 86.179 % median: 55.075 % mean: 47.273 % DIOD: 31.491 % low: -13.046 % |
|
| EBIT Margin | 14.672 % | |
| EBIT Margin QoQ | -2217.172 % | |
| EBIT Margin YoY | 243.526 % | |
| EBIT Margin IPRWA | high: 61.973 % median: 24.792 % mean: 18.16 % DIOD: 14.672 % low: -152.931 % |
|
| Return On Sales (ROS) | 2.588 % | |
| Return On Sales QoQ | -473.449 % | |
| Return On Sales YoY | -39.405 % | |
| Return On Sales IPRWA | high: 61.973 % median: 24.792 % mean: 17.182 % DIOD: 2.588 % low: -152.931 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 21.1 M | |
| Free Cash Flow Yield | 0.878 % | |
| Free Cash Flow Yield QoQ | -55.902 % | |
| Free Cash Flow Yield YoY | -944.231 % | |
| Free Cash Flow Yield IPRWA | high: 2.561 % median: 1.357 % DIOD: 0.878 % mean: -0.029 % low: -14.288 % |
|
| Free Cash Growth | -48.403 % | |
| Free Cash Growth QoQ | 41.331 % | |
| Free Cash Growth YoY | -48.017 % | |
| Free Cash Growth IPRWA | high: 370.37 % mean: 9.177 % median: 0.224 % DIOD: -48.403 % low: -185.015 % |
|
| Free Cash To Net Income | 0.457 | |
| Cash Flow Margin | 19.6 % | |
| Cash Flow To Earnings | 1.557 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | 1.91 % | |
| Return On Assets QoQ | -1121.39 % | |
| Return On Assets YoY | 463.422 % | |
| Return On Assets IPRWA | high: 5.595 % median: 2.489 % mean: 2.357 % DIOD: 1.91 % low: -22.34 % |
|
| Return On Capital Employed (ROCE) | 2.561 % | |
| Return On Equity (ROE) | 0.025 | |
| Return On Equity QoQ | -1098.374 % | |
| Return On Equity YoY | 444.568 % | |
| Return On Equity IPRWA | high: 0.098 mean: 0.042 median: 0.037 DIOD: 0.025 low: -0.221 |
|
| DuPont ROE | 2.507 % | |
| Return On Invested Capital (ROIC) | 2.309 % | |
| Return On Invested Capital QoQ | -2456.122 % | |
| Return On Invested Capital YoY | -152.43 % | |
| Return On Invested Capital IPRWA | high: 19.024 % median: 3.146 % mean: 3.144 % DIOD: 2.309 % low: -13.453 % |
|