Diodes Incorporated (NASDAQ: DIOD) is a semiconductor company that designs, manufactures, and sells discrete and analog semiconductor products to customers across the automotive, industrial, computing, consumer electronics, and communications markets. Revenue is transactional, generated through direct sales and a distribution network serving over 50,000 customers worldwide as of the FY2025 10-K filing. The company operates a hybrid manufacturing model that combines internal fabrication with outsourced production, including a 200mm wafer fabrication facility in Greenock, Scotland acquired from Texas Instruments in 2019. Annual net sales ranged from $1.5 billion to $1.8 billion between 2021 and 2025, with FY2025 net sales growing 13.0% year-over-year, the highest annual growth rate since 2021. The product line includes over 28,000 products, and the company shipped approximately 45 billion units in FY2025, up from 39 billion units in FY2024. No single segment is reported separately; operations are managed and disclosed on a consolidated basis per the FY2025 10-K.

Revenue model

Transactional product sales of discrete and analog semiconductors through direct sales personnel, independent sales representatives, and distributors. No subscription or royalty revenue model is disclosed in the filing.

Products and services

Discrete semiconductors including MOSFETs, SiC MOSFETs, protection devices (data line protection, power line protection, thyristors, USB Type-C protection, transient voltage suppressors), diodes, Schottky diodes, and analog and power solutions. The company also offers multi-chip semiconductor arrays and advanced integrated devices in proprietary miniature and chip-scale packaging. In October 2024, the company acquired Fortemedia, Inc., adding advanced voice processing semiconductor products to the portfolio.

Customers and end markets

Over 50,000 customers worldwide as of the FY2025 10-K, served through distribution and direct channels including electronic manufacturing services (EMS) providers. End markets include automotive, industrial, computing (including AI servers, data centers, cloud), consumer electronics (wearables, IoT, home automation, game consoles, smart watches), and communications (5G networks, smartphones, enterprise networking, space-based connectivity).

Value-chain role

Semiconductor component manufacturer and supplier sitting between wafer fabrication and OEM or EMS assembly. Designs and manufactures discrete and analog components that are incorporated into finished electronic products by customers.

Geographic exposure

Products marketed and sold worldwide. Manufacturing includes a 200mm wafer fabrication facility in Greenock, Scotland (acquired 2019) and a joint venture with Global Advanced Packaging Test Limited for a packaging and testing facility in Malaysia entered in June 2025. No revenue breakdown by geography is provided in the filing excerpts.

Source: SEC 10-K, filed 2026-02-10

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