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%.
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%.
Analyze how earnings announcements historically affect stock price performance