DIODES INC /DEL/ has recently released its 10-K report, revealing a 13.0% increase in net sales for the year ended December 31, 2025, reaching $1.5 billion. The company, headquartered in Plano, Texas, operates globally, delivering high-quality semiconductor products to the automotive, industrial, computing, consumer electronics, and communications markets. The report also outlines the company's significant financial figures and factors affecting its operations.
In the year ended December 31, 2025, the company reported a gross profit of $462.4 million, representing a 6.1% increase from the previous year. However, the gross profit margin decreased to 31.2% from 33.2% in 2024. Operating income decreased by 29.7% to $35.5 million, and net income saw a substantial increase of 50.2% to $66.1 million. Earnings per share also rose by 50.5% to $1.43 per diluted share. The company achieved $215.5 million in cash flow from operations, with net cash flow of $57.6 million, including the net pay-down of $1.2 million of total debt.
Looking back at the year ended December 31, 2024, the company experienced a 21.1% decrease in net sales, which amounted to $1.3 billion. Gross profit declined by 33.8% to $435.9 million, with a gross profit margin of 33.2%, down from 39.6% in 2023. Operating income decreased by 79.9% to $50.5 million, and net income dropped by 80.6% to $44.0 million. Earnings per share also decreased by 80.6% to $0.95 per diluted share. The company achieved $119.4 million of cash flow from operations, with a negative net cash flow of $3.8 million, including the net pay-down of $7.6 million of total debt.
The 10-K report also discusses the company's business outlook and factors relevant to its results of operations. It highlights the success of the company's design win initiatives and content expansion, with continued demand improvements across all target markets and geographies. Additionally, the report outlines the principal factors affecting the company's net sales, including global economic conditions, political tensions, pricing policies, and foreign currency exchange rates.
The report provides a detailed breakdown of the company's results of operations, including net sales, cost of goods sold, gross profit, total operating expenses, interest income and expense, foreign currency loss, and income tax provision. It also compares the percentages of these items to net sales for the years ended December 31, 2025 and 2024.
As a result of these announcements, the company's shares have moved -0.99% on the market, and are now trading at a price of $56.90. Check out the company's full 10-K submission here.
