secwatch.observer — SEC 8-K summary
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Issuer:     DIODES INC /DEL/ (DIOD)
CIK:        0000029002
Form:       8-K
Filed at:   2023-11-08T23:59:59+00:00
Accession:  0000950170-23-061240
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/29002/000095017023061240/0000950170-23-061240-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/29002/000095017023061240/diod-20231108.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-061240

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer