Diodes Q2 revenue $467.2M, down 6.8% YoY; record gross margin 41.8%; Q3 guidance revenue ~$425M

DIODES INC /DEL/

2023-Q2 EPS reported $3.31 revenue$934,393,000

GAAP EPS $1.77 vs $1.75 YoY; non-GAAP adjusted EPS $1.59 vs $1.90 YoY.
Automotive and industrial product revenue hit record 48% of total product revenue.
Q3 2023 revenue expected ~$425M (±3%), GAAP gross margin ~40.0% (±1%).
EBITDA $133.5M, 28.6% of revenue, up from 26.1% YoY.
Cash and equivalents $334M; total debt $89M; free cash flow $55.6M.

item 2.02 item 7.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

DIODES INC /DEL/ reported the second quarter ended June 30, 2023 results: revenue $467.2 million, net income $82.0 million, EPS $1.77 per diluted share.

Period: the second quarter ended June 30, 2023
Revenue: $467.2 million
Net income: $82.0 million
EPS: $1.77 per diluted share
Result: reported results

Exact text from the filing

8, 2023 -- Diodes Incorporated (Diodes) (Nasdaq: DIOD) today reported its financial results for the second quarter ended June 30, 2023. Second Quarter Highlights • Revenue was $467.2 million, decreasing 6.8 percent from $501.0 million in the second quarter 2022 and flat with $467.2 million in the first quarter 2023; • Automotive and Industrial revenue was a record 48

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DIODES INC /DEL/ filing history →

Source: SEC EDGAR

accession 0000950170-23-039941

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