Diodes Q1 revenue $302M, GAAP EPS $0.30; guides Q2 revenue ~$316M, return to growth

DIODES INC /DEL/

2024-Q1 EPS reported $0.30 revenue$301,972,000

Q1 2024 revenue $302.0M vs $467.2M YoY (-35%); GAAP net income $14.0M vs $71.2M YoY.
GAAP EPS $0.30; non-GAAP EPS $0.28; gross margin 33.0% vs 41.6% YoY.
EBITDA $48.3M (16.0% of revenue) vs $121.8M (26.1%) YoY.
Q2 2024 guidance: revenue ~$316M ±3% (sequential +4.6%), GAAP gross margin ~33.5% ±1%.
Management sees Q1 as cyclical low point; expects seasonal recovery in consumer/computing/comm markets.

item 2.02 item 7.01 item 8.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

DIODES INC /DEL/ reported first quarter ended March 31, 2024 results: revenue $302.0 million, net income $14.0 million, EPS $0.30 per diluted share.

Period: first quarter ended March 31, 2024
Revenue: $302.0 million
Net income: $14.0 million
EPS: $0.30 per diluted share
Result: reported results

Exact text from the filing

9, 2024 -- Diodes Incorporated (Diodes) (Nasdaq: DIOD) today reported its financial results for the first quarter ended March 31, 2024. First Quarter Highlights • Revenue was $302.0 million, compared to $322.7 million in the fourth quarter 2023 and $467.2 million in the first quarter 2023; • GAAP gross profit was $99.6 million, compared to $112.5 million in the

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Source: SEC EDGAR

accession 0000950170-24-057203

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