secwatch.observer — SEC 8-K summary
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Issuer:     DIODES INC /DEL/ (DIOD)
CIK:        0000029002
Form:       8-K
Filed at:   2024-02-06T23:59:59+00:00
Accession:  0000950170-24-011799
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/29002/000095017024011799/0000950170-24-011799-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/29002/000095017024011799/diod-20240206.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-011799

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