Diodes Inc

DIOD

Equity

ISIN US2545431015 / Valor 925057

NASDAQ (2024-11-22)

USD 61.30+3.61%

Diodes Inc
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About company

Diodes Incorporated is a manufacturer and supplier of high-quality semiconductors for the consumer electronics, computing, communications, industrial, and automotive markets.

Summarized from source with an LLMView SourceSector: Technology

Revenue Growth

Diodes Inc. reported revenue of $319.8 million for the second quarter of fiscal 2024, an increase from $302.0 million in the first quarter of 2024. However, this is a decrease compared to $467.2 million in the second quarter of 2023.

Gross Profit

GAAP gross profit for Diodes Inc. in the second quarter of 2024 was $107.4 million, representing 33.6% of revenue. This is an improvement from $99.6 million, or 33.0% of revenue, in the first quarter of 2024, but a decline from $195.4 million, or 41.8% of revenue, in the second quarter of 2023.

Net Income

Diodes Inc. reported GAAP net income of $8.0 million for the second quarter of 2024, or $0.17 per diluted share. This is a decrease from $14.0 million, or $0.30 per diluted share, in the first quarter of 2024, and significantly lower than $82.0 million, or $1.77 per diluted share, in the second quarter of 2023.

EBITDA

EBITDA for Diodes Inc. in the second quarter of 2024 was $41.1 million, or 12.8% of revenue. This compares to $48.3 million, or 16.0% of revenue, in the first quarter of 2024, and $133.5 million, or 28.6% of revenue, in the second quarter of 2023.

Business Outlook

For the third quarter of 2024, Diodes Inc. expects revenue to be approximately $346 million, plus or minus 3%, representing an 8.2% sequential increase at the mid-point. GAAP gross margin is anticipated to be 34.0%, plus or minus 1%, with non-GAAP operating expenses expected to be around 27.5% of revenue, plus or minus 1%.

Summarized from source with an LLMView Source

Key figures

-10.7%1Y

-43.4%3Y

36.5%5Y

Performance

42.7%1Y

42.3%3Y

43.7%5Y

Volatility