Diodes FY2023 revenue $1.7B (-15% YoY), GAAP EPS $4.91; Q4 rev $322.7M, guides Q1 ~$305M

DIODES INC /DEL/

2023-FY EPS reported $4.91 revenue$1,661,739,000

FY2023 revenue $1.7B vs $2.0B in 2022; GAAP net income $227.2M ($4.91 diluted) vs $331.3M ($7.20).
Automotive & industrial product mix improved to 46% of product revenue (vs 42% in 2022); over 350 new automotive-compliant products.
Q4 2023 revenue $322.7M, GAAP net income $25.3M ($0.55 diluted); non-GAAP net income $23.4M ($0.51).
Q1 2024 guidance: revenue ~$305M (±3%), GAAP gross margin ~34.0% (±1%), non-GAAP op exp ~28.7% of revenue.
Total debt reduced by $124M to $62M; cash & equivalents $329M; free cash flow $130.1M in FY2023.

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 0.9

DIODES INC /DEL/ reported financial results for fourth quarter and year ended December 31, 2023.

Period: fourth quarter and year ended December 31, 2023
Result: reported results

Exact text from the filing

On February 6, 2024, Diodes Incorporated (the "Company") issued a press release announcing its fourth quarter and fiscal year ended December 31, 2023 financial results.

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DIODES INC /DEL/ filing history →

Source: SEC EDGAR

accession 0000950170-24-011799

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