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Dec 31, 2021
Diodes Q4 2021 Earnings Report
Diodes had a record fourth quarter in 2021, with revenue increasing by 1.9% and gross profit reaching a record 39.7% of revenue.
Key Takeaways
Diodes Incorporated reported a record fourth quarter in 2021, with revenue reaching $480.2 million, a 1.9% increase from the previous quarter. Gross profit also reached a record at $190.7 million, representing 39.7% of revenue. The company's automotive revenue grew 37% year-over-year.
Diodes achieved record revenue in Q4 2021, driven by strong demand across all regions.
Gross profit for the fourth quarter was a record at $190.7 million, or 39.7% of revenue.
Automotive revenue increased 37% year-over-year and 59% for the full year, setting new records.
The company expects revenue for the first quarter of 2022 to be approximately $480 million, plus or minus 3%.
Revenue by Geographic Location
Forward Guidance
For the first quarter 2022, Diodes expects revenue to be approximately $480 million, plus or minus 3%, and GAAP gross margin to be 39.7%, plus or minus 1%.
Positive Outlook
- Revenue expected to be approximately $480 million, plus or minus 3%, which at the midpoint is better than typical seasonality of down 5%.
- GAAP gross margin expected to be 39.7%, plus or minus 1%.
- Non-GAAP operating expenses expected to be approximately 21% of revenue, plus or minus 1%.
- Net interest expense expected to be approximately $1.4 million.
- Income tax rate is expected to be 18.4%, plus or minus 3%.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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