Diodes(US:DIOD)2024-11-09 08:00Financial 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]