Diodes Inc Stock Price, News & Analysis

Diodes Incorporated reported its Q3 2024 financial results, showing a 9.5% sequential revenue increase to $350.1 million, though down from $404.6 million in Q3 2023.

GAAP gross profit was $118.0 million with a margin of 33.7%. GAAP net income rose to $13.7 million from $8.0 million in Q2 2024, but fell from $48.7 million in Q3 2023. Non-GAAP net income was $20.1 million, up from $15.4 million last quarter but down from $52.5 million a year ago.

GAAP EPS was $0.30, compared to $0.17 in Q2 2024 and $1.05 in Q3 2023. Non-GAAP EPS was $0.43, up from $0.33 last quarter but down from $1.13 in Q3 2023. EBITDA was $46.9 million, or 13.4% of revenue.

For Q4 2024, Diodes expects revenue around $337 million and a gross margin of 33.0%. The company highlighted strong automotive market performance and a moderated CapEx investment strategy.

Diodes Incorporated (Nasdaq: DIOD) has announced it will host a conference call on Thursday, November 7, 2024, at 4:00 p.m. Central Time to discuss its third quarter 2024 financial results. The company plans to release its financial results at 3:05 p.m. Central Time on the same day. Gary Yu, President of Diodes Incorporated, will be joined by Brett Whitmire, Chief Financial Officer, and Emily Yang, Senior Vice President of Worldwide Sales and Marketing.

Analysts and investors can join the conference call using the provided dial-in numbers and conference ID. A telephone replay will be available until November 14, 2024. The call will also be broadcast live over the Internet, accessible through the Investor Relations section of the company's website. A replay webcast will be available for approximately 90 days after the call.

Diodes Incorporated (Nasdaq: DIOD) has launched two USB Type-C Power Delivery (PD) 3.1 extended power range (EPR) sink controllers, the AP33771C and AP33772S. These controllers are designed for battery-powered devices and equipment using USB Type-C sockets as power sources, including routers, wireless speakers, power banks, and power tools.

Key features include:

• Support for PD3.1 EPR up to 140W and adjustable voltage supply (AVS) up to 28V
• Multiple power profiles with the AP33771C offering resistor-settable options
• I2C interface in the AP33772S for systems with a host MCU
• Built-in firmware for LED indication, cable voltage drop compensation, and moisture detection
• 34V tolerant CC pins for system protection
• Support for NMOS FETs to reduce bill of materials

The AP33771C is priced at $0.79 and the AP33772S at $0.84 in 1,000 piece quantities.

Diodes Incorporated (Nasdaq: DIOD) has introduced two new families of automotive-compliant Hall effect switch ICs: the AH332xQ (unipolar) and AH352xQ (omnipolar). These high-voltage ICs offer a wide range of operating sensitivity options for contactless position and proximity detection in automotive applications. The AH332xQ provides ten sensitivity options from 30G to 275G BOP, while the AH352xQ offers three high-sensitivity options from ±20G to ±40G BOP.

Key features include:

• Wide 3.0V to 28V supply voltage range
• -40°C to +150°C temperature range
• Open-drain output
• Enhanced robustness with reverse blocking diodes and Zener clamps
• ESD protection exceeding 8kV HBM and 1kV CDM
• 40V load-dump capability

The ICs are priced at $0.30 in 3,000-piece quantities.

Diodes Incorporated (Nasdaq: DIOD) has introduced the AL58221, a new 12-channel constant-current LED driver. This device features 12 open-drain outputs rated at 24V, sinking up to 60mA of high-accuracy current with a fast transient response. Key features include:

- Channel-to-channel LED current accuracy: typically ±1%
- Regulated output current tolerance: ±0.1%
- Operating input range: 3V to 5.5V
- Uses adaptive pulse density modulation (APDM) for enhanced performance
- 10MHz double-edge triggered data clock input for reduced EMI
- Two-wire serial interface for grayscale data and configuration

The AL58221 is priced at $0.37 in 1,000-piece quantities and is suitable for various applications including LED video signage, displays, and LCD backlighting.

Diodes Incorporated (Nasdaq: DIOD) has introduced the PI3DPX1225Q, a 10Gbps 6:4 active crossbar multiplexer (mux) with a linear ReDriver™. This automotive-compliant device is designed for smart cockpits and rear-seat entertainment systems, offering low-latency connectivity and high signal integrity. It supports USB 3.2 Gen 2 and DisplayPort 2.1 signals through a USB Type-C® connector.

The PI3DPX1225Q features three operating modes, integrated AUX listener, and adjustable differential signals with continuous time linear equalization (CTLE). It optimizes 10Gbps signal performance by reducing intersymbol interference jitter and supports transparent link training for DP 2.1. Packaged in a compact 4mm x 6mm 40-Pin W-QFN6040-40, it is priced at $1.87 in 3,500-piece quantities.

Diodes Incorporated (Nasdaq: DIOD) has announced its participation in three upcoming financial conferences in August 2024. The company will attend the Needham Semiconductor & SemiCap 1x1 Conference virtually on August 21, the Jefferies Semiconductor, IT Hardware & Communications Technology Conference in Chicago on August 27, and the Evercore ISI Semiconductor, IT Hardware & Networking Conference in Chicago on August 28.

Management will be available for meetings with registered attendees at each event. Interested portfolio managers and analysts can request meetings through their sales representatives at the respective firms hosting the conferences.

Diodes Incorporated (Nasdaq: DIOD) reported its Q2 2024 financial results, exceeding expectations with strong growth anticipated for Q3. Key highlights include:

- Revenue: $319.8 million, up from $302.0 million in Q1 2024
- GAAP gross profit: $107.4 million, with a 33.6% margin
- GAAP net income: $8.0 million, or $0.17 per diluted share
- Non-GAAP adjusted net income: $15.4 million, or $0.33 per diluted share
- EBITDA: $41.1 million, or 12.8% of revenue

The company saw demand recovery, especially in the computing market in Asia, and a significant increase in POS across 3C markets. For Q3 2024, Diodes expects revenue of approximately $346 million, representing an 8.2% sequential increase at the mid-point.

Diodes Incorporated (Nasdaq: DIOD) has announced it will host a conference call on Thursday, August 8, 2024, at 4:00 p.m. Central Time to discuss its second quarter 2024 financial results. The company plans to release these results at 3:05 p.m. Central Time on the same day. Key participants in the call will include Gary Yu (President), Brett Whitmire (CFO), and Emily Yang (SVP of Worldwide Sales and Marketing).

Analysts and investors can join the call using the provided conference call numbers. A telephone replay will be available until August 15, 2024. Additionally, a live webcast will be accessible on the company's Investor Relations website, with a replay available for approximately 90 days after the call.