earnings
confidence high
sentiment neutral
materiality 0.65
Diodes Q3 revenue $350.1M beats expectations; guides Q4 ~$337M
DIODES INC /DEL/
2024-Q3 EPS reported
$0.77
revenue$971,822,000
- Revenue $350.1M, up 9.5% sequentially; GAAP EPS $0.30, non-GAAP EPS $0.43.
- GAAP gross margin 33.7% (33.6% QoQ, 38.5% YoY); automotive revenue 18% QoQ to 19% of product revenue.
- Q4 guidance: revenue ~$337M ±3% (down ~3.7% QoQ); GAAP GM ~33.0% ±1%.
- Operating cash flow $54.4M; free cash flow $39.4M; cash & equivalents $325M; total debt $58M.
- Non-GAAP net income $20.1M vs $15.4M QoQ; EBITDA $46.9M (13.4% of revenue).