---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-061240"
form_type: "8-K"
ticker: "DIOD"
cik: "0000029002"
company_name: "DIODES INC /DEL/"
filed_at: "2023-11-08T23:59:59+00:00"
generated_at: "2026-06-08T11:46:38.458371+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Diodes Q3 revenue $404.6M, down 22% YoY; guides Q4 revenue ~$325M

## Summary
- GAAP EPS $1.05 (vs $1.88 YoY); non-GAAP EPS $1.13 (vs $2.00 YoY); GAAP net income $48.7M.
- Revenue down 13.4% QoQ to $404.6M; weak 3C market demand and customer inventory rebalancing.
- Automotive+industrial revenue 45% of total, above 40% target model; automotive at record 19%.
- Q4 revenue guidance ~$325M (±3%), gross margin ~35% (±1%), citing broad-based slowdown and inventory adjustments.
- EBITDA $90.6M (22.4% of revenue) vs $133.5M (28.6%) in Q2 2023; free cash flow $11.6M.

## SEC filing metadata
- accession: 0000950170-23-061240
- form_type: 8-K
- ticker: DIOD
- cik: 0000029002
- company_name: DIODES INC /DEL/
- filed_at: 2023-11-08T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/29002/000095017023061240/0000950170-23-061240-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/29002/000095017023061240/diod-20231108.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-061240
- JSON: https://secwatch.observer/filing/0000950170-23-061240.json
- Plain text: https://secwatch.observer/filing/0000950170-23-061240.txt

## Key facts
- Earnings Releases
  DIODES INC /DEL/ reported third quarter ended September 30, 2023 results: revenue $404.6 million, net income $48.7 million, EPS $1.05 per diluted share.
  - Period: third quarter ended September 30, 2023
  - Revenue: $404.6 million
  - Net income: $48.7 million
  - EPS: $1.05 per diluted share
  - Result: reported results
  source text: 2023 -- Diodes Incorporated (Diodes) (Nasdaq: DIOD) today reported its financial results for the third quarter ended September 30, 2023. Third Quarter Highlights • Revenue was $404.6 million, a decrease of 13.4 percent from $467.2 million in the second quarter 2023 and 22.4 percent from $521.3 million in the third quarter 2022; • GAAP gross profit was $155.9 million,
  evidence_url: https://www.sec.gov/Archives/edgar/data/29002/000095017023061240/0000950170-23-061240-index.htm

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