Filing Flows › Diodes (DIOD) › Q2 2025
Diodes (DIOD) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 7, 2025
Diodes (DIOD) reported revenue of $366M for the second quarter 2025 (Q2 2025), +15% from a year earlier and +10% from the quarter before. Operating margin was 2.6%, net earnings $46.1M (12.6% of revenue).
Diodes, Q2 2025: revenue $366M (+14% year over year), operating margin 2.6%, net earnings $46.1M, operating cash flow $41.5M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $366M | +10% | +15% |
| Gross profit | $115M | +10% | +7% |
| Operating profit | $9.4M | +624% | +153% |
| Net earnings | $46.1M | — | +476% |
| Operating cash flow | $41.5M | -27% | +188% |
| Free cash flow | $21.1M | -48% | — |
What changed
Revenue was $366.2M in Q2 2025, up 15% year over year and up 10% from the previous quarter.
Gross margin was 31.5%, down 2.1 points from a year earlier. Operating profit was $9.4M, a 2.6% margin (up 1.4 points year over year). Of the extra revenue versus a year earlier, 12% reached operating profit, above the 1% margin then. Operating expenses grew 2% against revenue growth of 15%. The fastest-growing cost line was Research & development (+22%). Net earnings were $46.1M, up 476% year over year ($44.2M including minority interests, which bore $1.9M of losses). The effective tax rate was 17.0%. Non-operating items added $43.8M, 82% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $41.5M (up 188% year over year), 94% of net income including minority interests. Non-cash charges added back $35.9M of depreciation and amortization and $5.8M of share-based compensation. Working capital and other items used $44.3M. Capital expenditures of $20.4M left free cash flow of $21.1M.
Questions
What was Diodes' revenue in the second quarter 2025?
Diodes (DIOD) reported revenue of $366M for the second quarter 2025 (Q2 2025), +15% from a year earlier and +10% from the quarter before.
Was Diodes profitable in the second quarter 2025?
Operating profit was $9.4M (2.6% of revenue) and net earnings $46.1M.
Source: Diodes 10-Q on SEC EDGAR.