Diodes Q1 revenue $467M, down 3% YoY; gross margin 41.6%; guides Q2 flat rev, record gross margin

DIODES INC /DEL/

2023-Q1 EPS reported $1.54 revenue$467,241,000

GAAP EPS $1.54, non-GAAP $1.59; revenue $467.2M, down 3.1% YoY and 5.8% QoQ.
GAAP gross margin 41.6% (+80bps YoY); auto & industrial product mix hit record 47%.
Q2 guidance: revenue ~$467M ±3%, GAAP gross margin record 41.8% ±1%.
EBITDA $121.8M (26.1% of revenue); free cash flow $51.8M on $48.0M capex.
Cash $335M, total debt $125M; paid down $60.8M debt during quarter.

item 2.02 item 7.01 item 8.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

DIODES INC /DEL/ reported first quarter ended March 31, 2023 results: revenue $467.2 million, net income $71.2 million, EPS $1.54 per diluted share.

Period: first quarter ended March 31, 2023
Revenue: $467.2 million
Net income: $71.2 million
EPS: $1.54 per diluted share
Result: reported results

Exact text from the filing

9, 2023 -- Diodes Incorporated (Diodes) (Nasdaq: DIOD) today reported its financial results for the first quarter ended March 31, 2023. First Quarter Highlights • Revenue was $467.2 million, decreasing 3.1 percent from $482.1 million in the first quarter 2022 and down 5.8 percent from $496.2 million in the fourth quarter 2022; • GAAP gross profit was $194.5 million,

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Source: SEC EDGAR

accession 0000950170-23-019840

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