Why Diodes Stock Is Skyrocketing Today

Group 1 - Diodes' stock surged by 27.4% following the release of its strong Q4 results, which exceeded Wall Street forecasts for both sales and earnings [1][2] - The company reported non-GAAP earnings per share of $0.34 on sales of $391.58 million, surpassing analyst estimates of $0.27 and $380.03 million respectively. Year-over-year, adjusted earnings per share increased by approximately 26%, while revenue grew by about 15% [2] - The growth in demand for AI servers contributed to a 25% year-over-year increase in the computing business, alongside double-digit sales growth in the automotive and industrial sectors [2] Group 2 - For Q1, Diodes is targeting revenue of around $395 million, indicating a year-over-year growth of approximately 19%, with a gross margin expectation of about 31.5% [3] - Management has set ambitious three-year targets, aiming for $2 billion in annual revenue by the end of the forecast period, up from $1.48 billion last year. They also expect gross margins to exceed 35%, an increase from 31% last year [4]