Deswell Industries, Inc. (DSWL) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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DSWL Revenue Growth
Revenue Breakdown (FY 2023)
DSWL's revenue distribution by segment and geography for fiscal year 2023
By Product/Segment
By Geography
DSWL Revenue Analysis (2014–2025)
As of May 8, 2026, Deswell Industries, Inc. (DSWL) generated trailing twelve-month (TTM) revenue of $137.0 million, reflecting modest growth of +2.5% year-over-year. The most recent quarter (Q4 2025) recorded $32.4 million in revenue, down 7.8% sequentially.
Looking at the longer-term picture, DSWL's 5-year compound annual growth rate (CAGR) stands at +0.7%, indicating moderate growth over time. The company achieved its highest annual revenue of $85.5 million in 2022.
Revenue diversification analysis shows DSWL's business is primarily driven by Segment Total Member (100%). With over half of revenue concentrated in Segment Total Member, the company maintains significant focus in this area while developing other growth vectors.
When compared to Technology sector peers including PLPC (+15.9% YoY), LYTS (+13.2% YoY), and IIIN (+26.2% YoY), DSWL has underperformed the peer group in terms of revenue growth. Compare DSWL vs PLPC →
DSWL Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| DSWLCurrent | $137M | +2.5% | +0.7% | 4.9% | |
 PLPC | $669M | +15.9% | +7.5% | 8.2% | |
 LYTS | $573M | +13.2% | +13.4% | 6.2% | |
 IIIN | $648M | +26.2% | +6.5% | 8.4% | |
 KFRC | $1.3B | -3.9% | -1.0% | 3.8% | |
 SMTC | $909M | +20.6% | +10.7% | 6.8% |
DSWL Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $67.6M | -2.5% | $13.6M | 20.2% | $3.3M | 4.9% |
| 2024 | $69.4M | -10.5% | $13.9M | 20.0% | $3.8M | 5.5% |
| 2023 | $77.5M | -9.3% | $12.8M | 16.6% | $2.9M | 3.7% |
| 2022 | $85.5M | +31.8% | $14.0M | 16.3% | $2.8M | 3.2% |
| 2021 | $64.9M | -0.7% | $13.2M | 20.3% | $3.3M | 5.0% |
| 2020 | $65.4M | -1.8% | $11.9M | 18.1% | $1.4M | 2.2% |
| 2019 | $66.6M | +9.7% | $10.3M | 15.4% | $-1,634,000 | -2.5% |
| 2018 | $60.7M | +36.3% | $9.7M | 16.0% | $1.8M | 3.0% |
| 2017 | $44.5M | -0.1% | $7.4M | 16.7% | $-2,103,000 | -4.7% |
| 2016 | $44.6M | +17.0% | $4.8M | 10.8% | $-5,347,000 | -12.0% |
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Start ComparisonDSWL — Frequently Asked Questions
Quick answers to the most common questions about buying DSWL stock.
Is DSWL's revenue growth accelerating or slowing?
DSWL revenue growth slowed to +2.5%, below the 5-year CAGR of +0.7%. TTM revenue is $137M. The deceleration marks a shift from historical growth rates.
What is DSWL's long-term revenue growth rate?
Deswell Industries, Inc.'s 5-year revenue CAGR of +0.7% reflects the variable expansion pattern. Current YoY growth of +2.5% is near this long-term average.
How is DSWL's revenue distributed by segment?
DSWL reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.