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Diodes ( (DIOD) ) just unveiled an announcement.
Diodes Inc’s Q3 2024 earnings call revealed a 9.5% sequential revenue increase, driven by strong market recovery in Asia and a notable 18% rise in automotive market revenue. Despite inventory adjustments in both the automotive and industrial sectors, the company anticipates better-than-usual seasonal revenue for Q4. Strategic efforts to moderate capital expenditure and past cost reductions aim to sustain earnings and cash flow, while maintaining capacity for future demand, particularly in higher-margin markets.
For detailed information about DIOD stock, go to TipRanks’ Stock Analysis page.
