Lightning surges are one of the major reasons of bypass diode (BPD) failure in photovoltaic modules. In this study, standard lightning impulse voltages (SLIVs) were directly applied to Schottky barrier diodes (SKB diodes) and rectifier diodes (PNJ diodes) with different electrical specifications. The critical voltages Vc of SLIV at which the diodes were damaged and the temporal variations of diode current (iD) and voltage (vD) were measured. It was found the iD‐vD characteristics can be categorized into a total of eight patterns: four patterns for the forward SLIV application and the four for the reverse SLIV application, regardless of diode types. The measured results imply that the irreversible voltage dip that occurs before the termination of the reverse breakdown contributes significantly to diode damage in the both forward and reverse SLIV applications. SKB diodes exposed to the reverse SLIV are easily damaged at the lowest magnitude of SLIV among all combinations of diode types and SLIV directions. Once a diode has been damaged due to the first SLIV application, the second application of SLIV to the same diode causes remarkable change in the iD‐vD characteristic even if the magnitude of the second SLIV is smaller than Vc. © 2024 Institute of Electrical Engineers of Japan. Published by Wiley Periodicals LLC.