Diodes Incorporated reported record second-quarter financial results, achieving its sixth consecutive quarter of record revenue, gross profit, and earnings. Revenue reached $501.0 million, a 13.7% increase year-over-year, and GAAP EPS was a record $1.75 per diluted share, a 43.4% improvement year-over-year.
Revenue was a record $501.0 million, increasing 13.7 percent from the second quarter 2021.
GAAP gross profit was a record $206.5 million, increasing 29.2 percent from the second quarter 2021.
GAAP gross profit margin was a record 41.2 percent, an increase of 490 basis points from the second quarter 2021.
GAAP EPS was a record $1.75 per diluted share, a 43.4 percent improvement from the second quarter 2021.
Diodes is guiding for sequential growth and expects revenue to be approximately $521 million, plus or minus 3 percent, and GAAP gross margin to be 41.5 percent, plus or minus 1 percent.
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