DIODES INC /DEL/ Segments Disclosure
Note 16 – Segment Information, Net Sales and Enterprise-Wide Disclosures
Segment Reporting. The Company’s operations are managed and reported on a consolidated basis to our President and who is also our CODM. For financial reporting purposes, we operate in a segment, standard semiconductor products, through our various design, manufacturing, and distribution facilities, which reflects the way in which our CODM executes operating decisions, allocates resources, and manages the growth and profitability of the Company. We sell product primarily through our operations in Asia, the Americas, and Europe.
The tables below set forth net sales based on the location of the subsidiary producing the net sale for the twelve months ended December 31, 2025, 2024, and 2023 :
2025 |
|
Asia |
|
|
Americas |
|
|
Europe |
|
|
Consolidated |
|
||||
Total sales |
|
$ |
1,639,747 |
|
|
$ |
1,080,705 |
|
|
$ |
255,779 |
|
|
$ |
2,976,231 |
|
Inter-company sales |
|
|
(739,238 |
) |
|
|
(602,347 |
) |
|
|
(152,573 |
) |
|
|
(1,494,158 |
) |
Net sales |
|
$ |
900,509 |
|
|
$ |
478,358 |
|
|
$ |
103,206 |
|
|
$ |
1,482,073 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
Property, plant, and equipment |
|
$ |
488,295 |
|
|
$ |
68,294 |
|
|
$ |
93,016 |
|
|
$ |
649,605 |
|
Assets |
|
$ |
1,627,268 |
|
|
$ |
559,170 |
|
|
$ |
261,662 |
|
|
$ |
2,448,100 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
2024 |
|
Asia |
|
|
Americas |
|
|
Europe |
|
|
Consolidated |
|
||||
Total sales |
|
$ |
1,441,590 |
|
|
$ |
910,955 |
|
|
$ |
271,137 |
|
|
$ |
2,623,682 |
|
Inter-company sales |
|
|
(625,864 |
) |
|
|
(546,649 |
) |
|
|
(140,049 |
) |
|
|
(1,312,562 |
) |
Net sales |
|
$ |
815,726 |
|
|
$ |
364,306 |
|
|
$ |
131,088 |
|
|
$ |
1,311,120 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
Property, plant, and equipment |
|
$ |
502,171 |
|
|
$ |
76,626 |
|
|
$ |
105,462 |
|
|
$ |
684,259 |
|
Assets |
|
$ |
1,697,072 |
|
|
$ |
461,872 |
|
|
$ |
227,337 |
|
|
$ |
2,386,281 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
2023 |
|
Asia |
|
|
Americas |
|
|
Europe |
|
|
Consolidated |
|
||||
Total sales |
|
$ |
1,560,595 |
|
|
$ |
1,210,561 |
|
|
$ |
378,442 |
|
|
$ |
3,149,598 |
|
Inter-company sales |
|
|
(684,927 |
) |
|
|
(670,624 |
) |
|
|
(132,308 |
) |
|
|
(1,487,859 |
) |
Net sales |
|
$ |
875,668 |
|
|
$ |
539,937 |
|
|
$ |
246,134 |
|
|
$ |
1,661,739 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
Property, plant, and equipment |
|
$ |
545,865 |
|
|
$ |
85,005 |
|
|
$ |
115,299 |
|
|
$ |
746,169 |
|
Assets |
|
$ |
1,600,858 |
|
|
$ |
544,247 |
|
|
$ |
222,554 |
|
|
$ |
2,367,659 |
|
Disaggregation of Net Sales. We disaggregate net sales from contracts with customers into direct sales and distribution sales (“Distributors”) and by geographic area. Direct sales customers consist of those customers using our product in their manufacturing process, and Distributors are those customers who resell our products to third parties. We deliver our products to customers around the world for use in industrial, automotive, computing, communications and consumer applications. Further, most of our contracts are fixed-price arrangements, and are short term in nature, ranging from days to several months.
The tables below set forth net sales for the Company disaggregated into geographic locations based on shipment and by type (direct sales or distributor) for the twelve months ended December 31, 2025, 2024, and 2023:
Net Sales by Region |
|
2025 |
|
|
2024 |
|
|
2023 |
|
|||
Asia |
|
$ |
1,156,823 |
|
|
$ |
1,020,256 |
|
|
$ |
1,181,519 |
|
Europe |
|
|
185,223 |
|
|
|
188,402 |
|
|
|
287,549 |
|
Americas |
|
|
140,027 |
|
|
|
102,462 |
|
|
|
192,671 |
|
Total net sales |
|
$ |
1,482,073 |
|
|
$ |
1,311,120 |
|
|
$ |
1,661,739 |
|
|
|
|
|
|
|
|
|
|
|
|||
Net Sales by Type |
|
2025 |
|
|
2024 |
|
|
2023 |
|
|||
Direct sales |
|
$ |
522,368 |
|
|
$ |
479,845 |
|
|
$ |
530,446 |
|
Distributor sales |
|
|
959,705 |
|
|
|
831,275 |
|
|
|
1,131,293 |
|
Total net sales |
|
$ |
1,482,073 |
|
|
$ |
1,311,120 |
|
|
$ |
1,661,739 |
|
The table below sets forth the number of customers and the amount of sales to that customer, where that customer accounted for 10% or greater of our net sales during the applicable twelve-month period ended December 31:
|
|
2025 |
|
|
2024 |
|
|
2023 |
|
|||
Customer 1 |
|
$ |
182,314 |
|
|
$ |
167,242 |
|
|
$ |
201,583 |
|
Customer 2 |
|
$ |
157,735 |
|
|
$ |
- |
|
|
$ |
183,626 |
|
Each of the customers that accounted for 10% or more of our net sales are broad-based distributors serving thousands of customers. At December 31, 2025 and 2024, one customer that accounted for 10% of more of the Company’s net sales accounted for approximately 16.3% and 12.8%, respectively, of the Company’s outstanding accounts receivable.
The table below sets forth the location to where products were shipped, representing 10% or more of net sales for the twelve months ended December 31, 2025, 2024, and 2023: .
|
|
2025 |
|
|
2024 |
|
|
2023 |
|
|||
China |
|
$ |
660,280 |
|
|
$ |
589,507 |
|
|
$ |
704,829 |
|
Singapore |
|
$ |
141,939 |
|
|
$ |
137,351 |
|
|
$ |
194,613 |
|
Taiwan |
|
$ |
143,949 |
|
|
$ |
136,316 |
|
|
$ |
116,152 |
|
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 10, 2026 | Showing above |
| 2024 | Feb 14, 2025 | |
| 2023 | Feb 9, 2024 | |
| 2022 | Feb 10, 2023 | |
| 2021 | Feb 18, 2022 | |
| 2020 | Feb 22, 2021 | |
| 2019 | Feb 12, 2020 | |
| 2018 | Feb 21, 2019 | |
| 2017 | Feb 20, 2018 | |
| 2016 | Feb 27, 2017 | |
| 2015 | Mar 11, 2016 | |
About Segments Disclosures
Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.
Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.