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Stock impact report

Diodes Incorporated Reports First Quarter Fiscal 2024 Financial Results

Diodes Incorporated (DIOD) 
Last diodes incorporated earnings: 2/11 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.diodes.com/investor-relations
Company Research Source: Business Wire
Return to Seasonal Growth Expected in Second Quarter with First Quarter Representing the Low Point in Market Demand PLANO, Texas--(BUSINESS WIRE)--Diodes Incorporated (Diodes) (Nasdaq: DIOD) today reported its financial results for the first quarter ended March 31, 2024.First Quarter HighlightsRevenue was $302.0 million, compared to $322.7 million in the fourth quarter 2023 and $467.2 million in the first quarter 2023;GAAP gross profit was $99.6 million, compared to $112.5 million in the fourth quarter 2023 and $194.5 million in the first quarter 2023;GAAP gross profit margin was 33.0 percent, compared to 34.9 percent in the fourth quarter 2023 and 41.6 percent in the first quarter 2023;GAAP net income was $14.0 million, compared to $25.3 million in the fourth quarter 2023 and $71.2 million in the first quarter 2023;Non-GAAP adjusted net income was $13.0 million, compared to $23.4 million in the fourth quarter 2023 and $73.4 million in the first quarter 2023;GAAP EPS was $0.30 per Show less Read more
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