Diodes Q2 revenue $319.8M beats guidance; Q3 revenue seen +8.2% sequentially

DIODES INC /DEL/

2024-Q2 EPS reported $0.48 revenue$621,743,000

GAAP EPS $0.17, non-GAAP EPS $0.33; revenue $319.8M, +5.9% QoQ but -31.5% YoY.
Gross margin 33.6% (Q1: 33.0%); EBITDA $41.1M (12.8% revenue) vs Q1 $48.3M.
Q3 guide: revenue ~$346M (+8.2% QoQ midpoint), GAAP gross margin ~34.0%, non-GAAP op ex ~27.5%.
Computing market recovery with strong POS growth; AI server participation rising; auto/industrial 41% of revenue.

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