---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-019840"
form_type: "8-K"
ticker: "DIOD"
cik: "0000029002"
company_name: "DIODES INC /DEL/"
filed_at: "2023-05-09T23:59:59+00:00"
generated_at: "2026-06-15T10:33:25.265321+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-23-019840
- form_type: 8-K
- ticker: DIOD
- cik: 0000029002
- company_name: DIODES INC /DEL/
- filed_at: 2023-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/29002/000095017023019840/0000950170-23-019840-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/29002/000095017023019840/diod-20230509.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-019840
- JSON: https://secwatch.observer/filing/0000950170-23-019840.json
- Plain text: https://secwatch.observer/filing/0000950170-23-019840.txt

## Key facts
- Earnings Releases
  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
  source text: 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,
  evidence_url: https://www.sec.gov/Archives/edgar/data/29002/000095017023019840/0000950170-23-019840-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.