PLANO, Texas--(BUSINESS WIRE)--Diodes Incorporated (Diodes) (Nasdaq: DIOD) today releases a new automotive-compliant* linear LED driver that enables users to independently control the brightness and color of its three channels. Human-centric automotive design is driving the demand for multi-channel LED drivers, which allow vehicle occupants to easily change interior lighting colors to match their mood. By simultaneously enabling animated turning-indicator signals and exterior grill lighting for different r ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 002-25577 DIODES INCORPORATED (Exact name of registrant as specified in its charter) Delaware 95-2039518 (State or other jurisdiction of incorporat ...

Financial Data and Key Metrics Changes - For the full year 2023, GAAP gross profit was $658.2 million with a gross margin of 39.6%, aligning with the target model of 40% [9] - Non-GAAP adjusted net income for the full year was $222.8 million or $4.81 per diluted share, down from $339 million or $7.36 per diluted share in 2022 [11] - GAAP net income for the fourth quarter was $25.3 million or $0.55 per diluted share, compared to $48.7 million or $1.05 per diluted share in the previous quarter [49] Business Line Data and Key Metrics Changes - Revenue for the fourth quarter was $322.7 million, down from $404.6 million in the third quarter and $496.2 million in the fourth quarter of 2022 [22] - Automotive and industrial markets combined accounted for 46% of product revenue in 2023, up from 42% in 2022 [20] - Fourth quarter revenue from the automotive market was 18%, a slight decrease from 19% in the previous quarter [54] Market Data and Key Metrics Changes - In the fourth quarter, Asia represented 78% of revenue, Europe 14%, and North America 8% [53] - For the full year 2023, Asia accounted for 71% of revenue, Europe 17%, and North America 12% [53] - The industrial market represented 23% of product revenue in the fourth quarter, down from the previous quarter [32] Company Strategy and Development Direction - The company is focusing on expanding its portfolio of innovative products, particularly in the automotive and industrial markets [6] - There is an emphasis on improving product mix and quality, with over 350 new automotive-compliant products introduced in 2023 [20] - The company aims to drive manufacturing cost reductions and operational efficiency while expanding internal facility utilization [7] Management's Comments on Operating Environment and Future Outlook - Management noted that 2023 was challenging due to a slowdown in consumer computing and communications markets, along with inventory rebalancing in the industrial sector [6] - The company expects revenue for the first quarter of 2024 to be approximately $305 million, reflecting seasonal trends [52] - Management remains optimistic about recovery in the second half of the year, driven by improvements in product mix and demand [66] Other Important Information - The company reduced total debt by $124 million to $62 million and maintained a solid cash position of over $315 million [7] - Capital expenditures for the full year were $150.8 million, representing 9.1% of revenue, within the target range of 5% to 9% [13] Q&A Session Summary Question: Can you provide details on sell-in for the March quarter guidance across different segments? - Management indicated that inventory rebalancing is ongoing, particularly in the automotive and industrial markets, and expects some recovery in the second quarter [72] Question: What is the pricing environment like, especially with larger competitors becoming more aggressive? - Management noted that pricing pressure is influenced by demand and supply dynamics, with a focus on improving product mix to mitigate price competition [60][62] Question: What are the expectations for gross margin in the first quarter and the full year? - Management expects the first quarter gross margin to be the lowest for the year, with improvements anticipated in the second half [66] Question: How is the inventory situation across different market segments? - Management reported that customer inventory levels are returning to normal, with expectations for ramp-up in the second quarter due to seasonal trends [73] Question: What is the split of revenue between direct and distribution channels? - The revenue split for the fourth quarter was 65% distribution and 35% direct, which typically varies by quarter [97]

Diodes (DIOD) came out with quarterly earnings of $0.51 per share, beating the Zacks Consensus Estimate of $0.48 per share. This compares to earnings of $1.73 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 6.25%. A quarter ago, it was expected that this semiconductor components maker would post earnings of $1.20 per share when it actually produced earnings of $1.13, delivering a surprise of -5.83%.Over the last four quarters, ...

Diodes (DIOD) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended December 2023. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on February 6. On ...

PLANO, Texas--(BUSINESS WIRE)--Diodes Incorporated (Diodes) (Nasdaq: DIOD) has introduced its first automotive-compliant, dual-channel, high-side power switches—the ZXMS82090S14PQ, ZXMS82120S14PQ, and ZXMS82180S14PQ—as an expansion of its IntelliFET® self-protected MOSFET portfolio. These intelligent switches deliver high power within a compact footprint while also providing robust protection and diagnostic capabilities. The series is designed for driving 12V automotive loads, such as LEDs, bulbs, actuators ...

Diodes Incorporated (NASDAQ:DIOD) Q3 2023 Earnings Conference Call November 8, 2023 5:00 PM ET Company Participants Leanne Sievers - President, Shelton Group, Investor Relations Keh-Shew Lu - Chairman, President & Chief Executive Officer Gary Yu - Chief Operating Officer Brett Whitmire - Chief Financial Officer Emily Yang - Senior Vice President, Worldwide Sales & Marketing Conference Call Participants William Stein - Truist Securities David Williams - Benchmark Gary Mobley - Wells Fargo Securities Tyler Bo ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 Or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to . Commission file number: 002-25577 DIODES INCORPORATED (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or or ...

▪ Released 110 new automotive-compliant products (including SiC MOSFETs) in 2Q'23 ▪ Industrial – 15% CAGR (2013 – 2022) ▪ Building momentum for SiC Schottky diodes and MOSFETs 2QFY23 Performance Page 6 2QFY23 Highlights Page 7 2Q'23 represented sixth consecutive quarter of above 40% (our target model) gross margin 2,000 * Revenue/Gross Profit for 2023 are based on first half results and Q3 guidance provided on August 8, 2023 2005 250 41.8% 600 400 100 39.0% 29.0% I Gross Profit ($ M) ▪ Revenue to be ~$425 m ...

Diodes Incorporated (NASDAQ:DIOD) Q2 2023 Earnings Conference Call August 8, 2023 5:00 PM ET Company Participants Leanne Sievers - Investor Relations, Shelton Group Keh-Shew Lu - Chairman, President & Chief Executive Officer Gary Yu - Chief Operating Officer Brett Whitmire - Chief Financial Officer Emily Yang - Senior Vice President, Worldwide Sales & Marketing Conference Call Participants Gary Mobley - Wells Fargo Securities Matt Ramsay - TD Cowen Tristan Gerra - Baird William Stein - Truist Securities Dav ...