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Dec 31, 2024
Diodes Q4 2024 Earnings Report
Estimated Revenue:$337M
+3.7% YoY
Estimated EPS:$0.302
38.6% YoY
Key Takeaways
Diodes Incorporated reported Q4 2024 revenue of $339.3 million, a 5% increase compared to Q4 2023. The automotive and industrial segments contributed 42% of total product revenue. GAAP net income was $8.2 million, or $0.18 per diluted share. The company expects Q1 2025 revenue to be approximately $323 million, representing a 7% year-over-year growth at the midpoint.
Q4 2024 revenue was $339.3 million, a 5% increase year-over-year.
Automotive and industrial segments maintained 42% of total product revenue.
GAAP net income for Q4 2024 was $8.2 million, or $0.18 per diluted share.
The company anticipates Q1 2025 revenue to be approximately $323 million, reflecting a 7% year-over-year growth.
Revenue by Geographic Location
Forward Guidance
For the first quarter of 2025, Diodes expects revenue to be approximately $323 million, plus or minus 3%. GAAP gross margin is expected to be 32.5%, plus or minus 1%. Non-GAAP operating expenses are expected to be approximately 30% of revenue, plus or minus 1%. The income tax rate is expected to be 18.5%, plus or minus 3%. Shares used to calculate EPS for the first quarter are anticipated to be approximately 46.7 million.
Positive Outlook
- Revenue growth expected to continue into 2025.
- Focus on new product development and technology.
- Gross margin expected to improve with product mix and internal fab loading.
- Operating expenses as a percentage of revenue expected to decrease.
- Strong position in automotive and industrial markets.
Challenges Ahead
- Chinese New Year holiday impacting Q1 revenue.
- Automotive market inventory rebalancing and weaker demand.
- Industrial market inventory correction expected to last into Q2.
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