Financial Data and Key Metrics Changes - Revenue for Q4 2024 was $339.3 million, a decrease from $350.1 million in Q3 2024 and an increase from $322.7 million in Q4 2023, marking a 5% year-over-year growth [13][9] - Full year 2024 revenue was $1.3 billion, down from $1.7 billion in 2023 [13] - Gross profit for Q4 2024 was $110.9 million, representing 32.7% of revenue, compared to 33.7% in Q3 2024 and 34.9% in Q4 2023 [13] - GAAP net income for Q4 2024 was $8.2 million or $0.18 per diluted share, down from $13.7 million or $0.30 per diluted share in Q3 2024 and $25.3 million or $0.55 per diluted share in Q4 2023 [16] - Full year GAAP net income was $44 million or $0.95 per diluted share, compared to $227.2 million or $4.91 per diluted share in 2023 [16] Business Line Data and Key Metrics Changes - Automotive and industrial revenue combined accounted for 42% of total product revenue, consistent with the previous quarter [28] - The company introduced 755 new part numbers in 2024, with 330 specifically for the automotive market, increasing addressable content per car from approximately $160 to $213 [29] Market Data and Key Metrics Changes - In Q4 2024, Asia represented 80% of revenue, Europe 12%, and North America 8% [28] - The industrial market accounted for 23% of product revenue, automotive 19%, compute 25%, consumer 18%, and communication 15% [28] Company Strategy and Development Direction - The company aims to expand growth in target markets, particularly automotive and industrial, while capitalizing on new opportunities in AI-related applications [10] - Focus remains on product development and content expansion to improve portfolio quality and mix [11] Management's Comments on Operating Environment and Future Outlook - Management noted that while global demand remains challenging, particularly in Europe and North America, they expect 2025 to be a stronger year than 2024 [10] - The company is prioritizing investments in automotive and industrial markets to enhance growth and margin expansion as market recovery broadens [12] Other Important Information - Cash flow provided by operations was $81.8 million for Q4 2024 and $119.4 million for the full year [20] - The company acquired Fort Media to enhance its product portfolio in advanced voice processing technologies, primarily targeting automotive and compute markets [21] Q&A Session Summary Question: Can you discuss the seasonality and demand trends in China? - Management indicated that the Chinese New Year impact was within expectations, with some customers experiencing extended shutdowns, but overall demand trends were stable [48] Question: What is driving the sequential improvement in gross margin? - Management attributed the improvement to product mix enhancement and efforts to minimize underloading costs by qualifying more products in internal facilities [52][53] Question: How do you expect revenue to perform in each end market in Q1? - Management expects challenges in automotive and industrial markets due to ongoing inventory rebalancing, with a slight decline anticipated in the compute market [60] Question: What are the pricing trends observed? - Pricing remains stable, with a slight increase in competition from commodity areas, but overall pricing environment has not changed significantly [75] Question: What is driving growth in the AI server market? - Growth is attributed to an expanded product portfolio and increased demand for additional PCI Express ports in AI server applications [79]

Diodes (DIOD) came out with quarterly earnings of $0.27 per share, missing the Zacks Consensus Estimate of $0.31 per share. This compares to earnings of $0.51 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -12.90%. A quarter ago, it was expected that this semiconductor components maker would post earnings of $0.39 per share when it actually produced earnings of $0.43, delivering a surprise of 10.26%.Over the last four quarter ...

Dublin, Nov. 14, 2024 (GLOBE NEWSWIRE) -- The "Silicon Carbide (SiC) Diodes Market 2024" report has been added to ResearchAndMarkets.com's offering.This Silicon Carbide (SiC) Diodes market report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. The silicon carbide (SiC) diodes market size has grown rapidly in rece ...

Exhibit 99.1 Diodes Incorporated Reports Third Quarter Fiscal 2024 Financial Results Exceeded 3Q Revenue Expectations, Growing Over 9% Sequentially Plano, Texas – November 7, 2024 -- Diodes Incorporated (Diodes) (Nasdaq: DIOD) today reported its financial results for the third quarter ended September 30, 2024. Third Quarter Highlights • Revenue was $350.1 million, compared to $319.8 million in the second quarter 2024 and $404.6 million in the third quarter 2023; • Global Point of Sales (POS) increased over ...

Financial Performance - Q3 2024 - Revenue for Q3 2024 reached $350.1 million, a 9.5% sequential increase[12] - GAAP gross profit was $118 million, representing a 9.9% sequential increase[12] - GAAP gross margin was 33.7%, a 10 basis points sequential increase[12] - Non-GAAP EPS was $0.43, a 30% sequential increase[12] - Non-GAAP net income was $20.1 million, a 30.5% sequential increase[12] Financial Position - The company had $325 million in cash and cash equivalents[11, 12, 16] - Total debt was approximately $58 million[11, 12, 16] - Inventory was $482 million[16] Revenue Breakdown - Q3 2024 - Automotive revenue grew 18% sequentially and accounted for 19% of product revenue[11, 13] - Asia Pacific accounted for 78% of revenue[13] - Distribution channel accounted for 64% of revenue[13] Q4 2024 Outlook - Revenue is expected to be approximately $337 million, plus or minus 3%[1, 17] - GAAP gross margin is expected to be 33%, plus or minus 1%[1, 17] - Non-GAAP operating expenses are expected to be approximately 28% of revenue, plus or minus 1%[1, 17]

Financial Data and Key Metrics Changes - Revenue for Q3 2024 was $350.1 million, a 9.5% increase sequentially from $319.8 million in Q2 2024, but a decrease from $404.6 million in Q3 2023 [9] - Gross profit for Q3 was $118 million, representing 33.7% of revenue, compared to 33.6% in the previous quarter and 38.5% in the same quarter last year [9] - GAAP net income for Q3 was $13.7 million or $0.30 per diluted share, up from $8 million or $0.17 per diluted share in Q2 2024, but down from $48.7 million or $1.05 per diluted share in Q3 2023 [11] - Non-GAAP adjusted net income was $20.1 million or $0.43 per diluted share, compared to $15.4 million or $0.33 per diluted share in the prior quarter and $52.5 million or $1.13 per diluted share in Q3 2023 [12] - EBITDA for Q3 was $46.9 million or 13.4% of revenue, compared to 12.8% in the prior quarter and 22.4% in Q3 2023 [12] Business Line Data and Key Metrics Changes - Automotive market revenue increased 18% sequentially, now representing 19% of product revenue, reflecting ongoing content expansion and design win initiatives [6][17] - Industrial market revenue was flat compared to the previous quarter, representing 23% of total product revenue [20] - Computing market showed strong momentum, particularly in AI server designs, with healthy channel inventory [21] - Consumer market demand was generally stronger than last year, despite not meeting expectations [23] Market Data and Key Metrics Changes - Asia accounted for 78% of revenue in Q3, with Europe at 15% and North America at 7% [17] - The automotive and industrial markets are undergoing inventory adjustments, which are expected to continue into early next year [20] - The overall demand recovery remains slow, but there are signs of improvement in certain segments, particularly in China [26][28] Company Strategy and Development Direction - The company is moderating capital expenditures to below target levels to preserve near-term earnings and cash flow [8] - Focus on expanding product portfolio in automotive and industrial markets, with ongoing design wins and content expansion [19][20] - The company is well-positioned to adapt to changing market conditions and government policies, particularly in relation to China [31][32] Management's Comments on Operating Environment and Future Outlook - Management expects Q4 revenue to be better than typical seasonality, with guidance of approximately $337 million [16] - Gross margin expectations reflect factory underloading and strategic investments in capacity [8][29] - There is confidence that the overall market will improve in 2025, despite current challenges [30][39] Other Important Information - Cash flow from operations was $54.4 million for Q3, with free cash flow of $39.4 million [13] - Total inventory days decreased to approximately 187, with total inventory dollars increasing to $482 million [14][15] Q&A Session Summary Question: Demand improvement in Asia - Management noted good demand across all regions in Asia, particularly in the automotive market, with inventory adjustments ongoing [26] Question: Gross margin pressure - Management explained that gross margin pressure is due to a mix of factors, including market softness and strategic investments [29] Question: China exposure and government policy - Management expressed confidence in adapting to government policies and highlighted the potential for growth in China [31][32] Question: Revenue split by distribution channel - The revenue split was 64% distribution and 36% direct in Q3, showing a slight shift from previous quarters [35] Question: Seasonality expectations - Management indicated that Q4 is typically a down quarter, but current guidance is better than usual seasonality [39] Question: Automotive pricing negotiations - Management stated that pricing negotiations vary by customer, with a stable outlook despite some expected price decreases [42]

Diodes (DIOD) came out with quarterly earnings of $0.43 per share, beating the Zacks Consensus Estimate of $0.39 per share. This compares to earnings of $1.13 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 10.26%. A quarter ago, it was expected that this semiconductor components maker would post earnings of $0.27 per share when it actually produced earnings of $0.33, delivering a surprise of 22.22%.Over the last four quarters ...

Financial Performance - Net sales for Q3 2024 were $350.1 million, a decrease of 13.5% from $404.6 million in Q3 2023, but an increase of 9.5% from $319.8 million in Q2 2024[47]. - Gross profit for Q3 2024 was $118.0 million, down 24.3% from $155.9 million in Q3 2023, with a gross profit margin of 33.7% compared to 38.5% in Q3 2023[47][50]. - Net income attributable to common stockholders was $13.7 million in Q3 2024, compared to $48.7 million in Q3 2023, with earnings per share of $0.30 per diluted share[47]. - For the nine months ended September 30, 2024, net sales decreased by approximately $367.2 million, or 27.4%, compared to the same period last year[54]. - Net sales for the nine months ended September 30, 2024, were $971.8 million, a decrease of 27.4% compared to $1.34 billion for the same period in 2023[55]. - Gross profit decreased by approximately 40.4% to $325.0 million, with a gross profit margin of 33.4% compared to 40.8% in the prior year[57]. Cash Flow and Expenses - Cash flow from operations was $54.4 million, with net cash flow of $49.4 million after $15.0 million in capital expenditures[47]. - Total operating expenses decreased by $5.9 million, with SG&A expenses as a percentage of net sales increasing to 17.0% in Q3 2024 from 15.6% in Q3 2023[54]. - Operating expenses decreased by $29.4 million, representing 29.5% of net sales, up from 23.6% in the previous year[57]. - Net cash flows from operating activities were $37.6 million for the nine months ended September 30, 2024, down from $242.5 million in the same period last year[61]. - Capital expenditures for the nine months ended September 30, 2024, were $53.3 million, or 5.5% of net sales, with expectations to remain within 5% to 9% of net sales for the year[62]. Market and Sales Dynamics - Automotive market revenue increased to 19% of product revenue in Q3 2024, reflecting ongoing content expansion and design win initiatives[47]. - Weighted-average sales price decreased by 10.1% and volume decreased by 3.8% in Q3 2024 compared to Q3 2023, primarily due to lower demand in automotive and industrial markets[50]. - The decline in gross profit margin for Q3 2024 was primarily due to lower net sales and a decrease in average sales price related to end-market mix[54]. - The average unit cost decreased by approximately 9.5% for the nine months ended September 30, 2024, compared to the same period last year[57]. Financial Position - The company had $319.3 million in cash, cash equivalents, and short-term investments as of September 30, 2024, with an unused borrowing capacity of $225.0 million[47]. - Cash and cash equivalents decreased from $318.5 million at December 31, 2023, to $317.1 million at September 30, 2024[58]. - The company maintained a long-term credit facility of $225.0 million, with no outstanding balance as of September 30, 2024[59]. - The company’s foreign subsidiaries held approximately $215.4 million in cash and cash equivalents, with $93.1 million subject to potential non-U.S. withholding tax if distributed[59]. Risks and Challenges - The company is facing significant risks due to the ongoing COVID-19 pandemic, which may adversely affect its business and financial condition[71]. - The semiconductor industry is highly cyclical, and downturns or changes in end-market demand could negatively impact the company's operating results[71]. - The company is under pressure to reduce product prices, which could adversely affect growth and profit margins[71]. - A significant part of the company's growth strategy involves acquisitions, but there are risks associated with identifying suitable candidates and successful integration[72]. - The company is subject to various environmental laws and regulations that could result in significant expenses[72]. - The company may experience volatility in its stock price due to variations in quarterly operating results[73]. - Economic regulation in China could materially and adversely affect the company's business and prospects[72]. - The company is exposed to foreign currency risk due to its international operations[72]. - The invasion of Ukraine by Russia could negatively impact the company's business[75]. - The company may incur additional costs and face risks associated with environmental, social, and governance (ESG) factors impacting its operations[72].

Dublin, Sept. 06, 2024 (GLOBE NEWSWIRE) -- The "Infrared Light-emitting Diodes - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering. The global market for Infrared Light-emitting Diodes was estimated at US$553.4 Million in 2023 and is projected to reach US$821.5 Million by 2030, growing at a CAGR of 5.8% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. I ...

Exhibit 99.1 AUGUST 08, 2024 / 9:00PM, DIOD.OQ - Q2 2024 Diodes Inc Earnings Call REFINITIV STREETEVENTS EDITED TRANSCRIPT DIOD.OQ - Q2 2024 Diodes Inc Earnings Call EVENT DATE/TIME: AUGUST 08, 2024 / 9:00PM GMT REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us ©2024 Refinitiv. All rights reserved.Republication or redistribution of Refinitiv content,including by framingor similar means, is prohibited without the prior written consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trad ...