Diodes reports Q4 EPS 27c, consensus 32c

Reports Q4 revenue $339.3M, consensus $337.1M. Commenting on the results, Gary Yu, President of Diodes (DIOD), stated, “Our above seasonal revenue results in the fourth quarter reflect the improving momentum we have seen over the past few quarters as the markets in Asia gradually improve, especially in China and the Southeast Asia region. We achieved 5% growth over the fourth quarter 2023, which marks a return to year-over-year growth following the multi-year market slowdown. Even though the overall global demand environment remains challenging, especially in Europe and North America, we were able to maintain our automotive and industrial mix percentage at 42% of total product revenue, which is a testament to the progress we have made on our new product and content expansion initiatives.