DIOD
Diodes Incorporated

Diodes IncorporatedDIOD

Technology · Semiconductors
77.36USD
+13.17%
Nov 08, 2026
DIOD overview ready
Automotive-qualified analog and power-discrete semiconductor supplier
Diodes is a broad automotive-qualified analog, power-discrete, protection, timing, connectivity, and signal-conditioning component supplier rather than a traction-inverter or vehicle-platform pure play.
Primary theme is lagging
Analog Semiconductors is lagging (-10.8pp vs SPY over 21 sessions; 3 of 10 members ahead of SPY).
Price trend is broken
Longer-term context reads trend under pressure, with a near-term setup of failed reclaim.
The tactical setup reads failed reclaim, but the weekly structure is broken.
Attractive valuation
Current market expectations look undemanding relative to how much growth and cash flow it delivers per turn of revenue multiple.
Solid fundamentals
Ev / sales is strong.
Primary risk
Exposure to automotive industry cyclicality and production fluctuations.
Market Nov 6Filing Sep 30Price action Nov 7Research Aug 11

Conviction Level

PriceAction5.4BusinessPerformance9.0BusinessQuality7.0Valuation7.5ThemeMomentum1.0Accelerating — Revenue growth has accelerated, rising from +22% to +36% year over year. Diluted EPS is up 207% year over year at $0.95. — Accelerating describes growth momentum measured in recent filed quarters. It is not proof that the acceleration will continue.

Conviction uses Price Action, Business Performance, Business Quality, Valuation. Theme Momentum is research context, not an input.

Theme momentumPrimary theme · group context, not entry timing
vs SPY
−10.8pp
Theme return
−15.8%
Beating SPY
3 of 10
21 sessions to Nov 6, 2026 · Theme Leadership V2
Price
Loading price history…

Price Action

Price trend is broken
Longer-term context reads trend under pressure, with a near-term setup of failed reclaim.
The tactical setup reads failed reclaim, but the weekly structure is broken.
EntryConstructive

Structure is constructive on both timeframes without excessive extension — a reasonable entry location.

Key Financials

Market Cap
$3.5B
Avg Volume (60D)
537.0K
60 sessions
Revenue Growth YoY
+13.0%
FY2025 vs FY2024
Gross Margin
+33.3%
Trailing twelve months
Operating Margin
+7.3%
Trailing twelve months
Free Cash Flow Yield
+3.5%
Distance from 200DMA
-12.5%
P/E
30.6x
EV / Sales
1.9x
Market metrics as of Nov 6, 2026
Financial results for the period ended Sep 30, 2026
Filed balance-sheet data as of Sep 30, 2026

Business Performance

Accelerating

Revenue growth has accelerated, rising from +22% to +36% year over year. Diluted EPS is up 207% year over year at $0.95.

Latest reported: Q3 FY2026, ended Sep 30
Revenue growthAccelerating
+36%
$533M in Q3 FY2026 · YoY
YoY growth, last 4 quarters
  1. +15%
  2. +22%
  3. +22%
  4. +36%
Earnings growthGrowing
+207%
Diluted EPS $0.95 vs $0.31 a year earlier · GAAP
Diluted EPS YoY (GAAP), last 4 quarters
  1. +22%
  2. n/a
  3. +1.0%
  4. +207%
Operating marginExpanding
11.9%
+9.0 pp YoY · gross margin 36.1% (+5.4 pp)

Business Quality

7.0 / 10

How well the business earns on its assets, converts earnings to cash and funds itself — read from its SEC filings.

Fundamentals & Valuation

Only one valuation perspective could be built for this company, and it reads cheap.
Diodes Incorporated has a Cheap valuation stance because current market expectations look undemanding relative to how much growth and cash flow it delivers per turn of revenue multiple.

What changed

  • DIOD rose 13.2% in one session
    DIOD closed +13.2% while the broad market was close to flat (+0.3%).
    2026-11-06

Company Research

Thesis
Diodes is a broad automotive-qualified analog, power-discrete, protection, timing, connectivity, and signal-conditioning component supplier rather than a traction-inverter or vehicle-platform pure play. DIOD has a real, multi-product exposure to the growing semiconductor content and electrical-complexity requirements of modern vehicles.
Opportunity
Moderate opportunity
Rising semiconductor content per vehicle from electrified power systems, 48V subsystems, zonal architectures, ADAS, digital cockpits, high-speed in-vehicle links, and more stringent reliability and protection requirements.
Key risk
Exposure to automotive industry cyclicality and production fluctuations.

Economic classification

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Business & Markets

Technology · Semiconductors
What they do

Diodes Incorporated designs, manufactures, and sells a broad range of discrete semiconductor components globally, serving multiple end markets through its subsidiaries.

How it earns

The company generates revenue primarily through transactional sales of semiconductor products to OEMs and distributors.

Products & services
MOSFET and SiC MOSFET discrete semiconductor products
Data line and power line protection devices
Schottky diodes and rectifiers
Transient voltage suppressors
Avalanche and gate driver transistors
Customers & end markets
Automotive manufacturers and suppliers
Industrial equipment makers
Consumer electronics companies
Market position

A broad automotive-qualified supplier with a diversified product portfolio, positioned as a niche player in analog and power-discrete semiconductors.

Demand drivers
Medium cyclicality

Demand is influenced by automotive production cycles and broader semiconductor market trends but supported by structural growth in electrification.