earnings
confidence high
sentiment positive
materiality 0.85
Diodes reports record Q3 revenue $521.3M, GAAP EPS $1.88, non-GAAP EPS $2.00
DIODES INC /DEL/
2022-Q3 EPS reported
$5.21
revenue$1,504,368,000
- Revenue $521.3M (+10.6% YoY, +4.1% QoQ); GAAP gross margin 41.8% (record, +340 bps YoY).
- GAAP net income $86.4M ($1.88 diluted EPS); non-GAAP adjusted net income $92.2M ($2.00 diluted EPS).
- Automotive and industrial end markets contributed 44% of revenue; automotive alone 16% (first time).
- Q4 2022 guidance: revenue ~$494M (±3%), GAAP gross margin ~41% (±1%), non-GAAP op expenses ~21% of revenue.
- Cash flow from operations $132.2M; free cash flow $62.4M; cash & equivalents $393M; total debt $296M.