Loading...
•
Mar 31, 2025
Diodes Q1 2025 Earnings Report
Reported financial results for the first quarter ended March 31, 2025
Key Takeaways
Diodes Incorporated reported first-quarter fiscal 2025 results, exceeding revenue expectations with $332.1 million, a 10% increase year-over-year. Despite a GAAP net loss of $4.4 million, non-GAAP adjusted net income was $8.8 million. The company saw improving market conditions in key segments and is guiding for continued year-over-year growth in the second quarter.
Revenue for Q1 2025 was $332.1 million, a 10% increase compared to $302.0 million in Q1 2024.
The company reported a GAAP net loss of $4.4 million, or $0.10 per diluted share, compared to GAAP net income of $14.0 million, or $0.30 per diluted share, in Q1 2024.
Non-GAAP adjusted net income was $8.8 million, or $0.19 per diluted share, compared to $13.0 million, or $0.28 per diluted share, in Q1 2024.
EBITDA was $26.2 million, or 7.9% of revenue, down from $48.3 million, or 16.0% of revenue, in Q1 2024.
Forward Guidance
For the second quarter of 2025, Diodes expects revenue to be approximately $355 million, plus or minus 3 percent, representing 11 percent over the prior year period at the mid-point. GAAP gross margin is expected to be 31.8 percent, plus or minus 1 percent. Non-GAAP operating expenses are expected to be approximately 28.0 percent of revenue, plus or minus 1 percent. Net interest income is expected to be approximately $1.5 million, and the income tax rate is expected to be 18.0 percent, plus or minus 3 percent.
Positive Outlook
- Expected third consecutive quarter of year-over-year revenue growth.
- Expected first quarter of both year-over-year and sequential revenue growth in the current recovery cycle.
- Guidance midpoint represents 11% year-over-year revenue growth.
- Anticipates GAAP gross margin of 31.8%, plus or minus 1%.
- Non-GAAP operating expenses expected to be approximately 28.0% of revenue, plus or minus 1%.
Challenges Ahead
- Global markets remain dynamic.
- Potential impact from recent tariffs.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...