---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-011799"
form_type: "8-K"
ticker: "DIOD"
cik: "0000029002"
company_name: "DIODES INC /DEL/"
filed_at: "2024-02-06T23:59:59+00:00"
generated_at: "2026-06-06T08:38:42.401152+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-24-011799
- form_type: 8-K
- ticker: DIOD
- cik: 0000029002
- company_name: DIODES INC /DEL/
- filed_at: 2024-02-06T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/29002/000095017024011799/0000950170-24-011799-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/29002/000095017024011799/diod-20240206.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-011799
- JSON: https://secwatch.observer/filing/0000950170-24-011799.json
- Plain text: https://secwatch.observer/filing/0000950170-24-011799.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/29002/000095017024011799/0000950170-24-011799-index.htm

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