Diodes Q2 Sales Beat, Guides Q3 Revenue Up 30% on AI, Auto Demand
DIOD has more than doubled off its 52-week low of $42.28.
Summary
Diodes reported Q2 revenue of $445.5M, beating the $435.5M consensus, with adjusted EPS of $0.70 vs. $0.60 expected. Revenue rose 22% YoY, and non-GAAP EPS more than doubled, driven by broad demand across all regions and expanding content in automotive, industrial, and AI server applications. The company also guided Q3 revenue to approximately $510M, implying 30% YoY growth, with GAAP gross margin of 35% and non-GAAP EPS of $1.05. This follows the earlier Q3 revenue growth headline and adds the full Q2 beat and detailed Q3 outlook. The strong results and guidance reflect accelerating semiconductor demand and successful cost initiatives. The company also repurchased $10M in shares during Q2.
At the time of this announcement, DIOD was trading at $85.59 on NASDAQ in the Technology sector, with a market capitalization of approximately $3.9B. The 52-week trading range was $42.28 to $125.99. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.