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Diodes (DIOD)
NASDAQ:DIOD
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Earnings Data
Report Date
Feb 18, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.32Last Year’s EPS
$0.51Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: -1.94%
|Next Earnings Date:Feb 18, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted significant revenue growth and market recovery in Asia and automotive sectors but also faced challenges with year-over-year revenue decline and gross margin pressure. Despite these challenges, effective cash flow management and strategic CapEx moderation were positive aspects.Company Guidance
During Diodes Incorporated's Q3 2024 earnings call, the company provided guidance for the fourth quarter, anticipating revenue to be approximately $337 million, plus or minus 3%. This represents a 3.7% sequential decrease from Q3's $350.1 million. The expected GAAP gross margin is 33%, plus or minus 1%, reflecting ongoing challenges such as factory underloading and demand adjustments in the automotive and industrial markets. Despite these pressures, Diodes has moderated its capital expenditures to $15 million, or 4.3% of revenue, below its target range, which is expected to support future demand improvements and preserve earnings and cash flow. The company remains optimistic about market recovery, particularly in Asia, and is strategically positioned to capitalize on long-term opportunities in the automotive and industrial sectors.Revenue Growth and Market Recovery
Third quarter revenue exceeded expectations with a 9.5% sequential increase, accompanied by double-digit POS growth in Asia, indicating market recovery.
Automotive Market Expansion
Automotive market revenue increased 18% sequentially, now representing 19% of product revenue, due to content expansion and design win initiatives.
Strong Cash Flow and CapEx Management
Cash flow provided by operations was $54.4 million for the third quarter. Capital expenditures were moderated to $15 million, below the target model, aiding in cash flow preservation.
Global Sales and Market Penetration
Global POS increased with over 10% growth in Asia. Automotive and industrial combined revenue remained above target model for the tenth consecutive quarter.
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DIOD Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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DIOD Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $62.78 | $64.23 | +2.31% |
| Aug 08, 2024 | $60.18 | $64.68 | +7.48% |
| May 09, 2024 | $76.47 | $69.32 | -9.35% |
| Feb 06, 2024 | $68.23 | $66.75 | -2.17% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Diodes (DIOD) report earnings?
Diodes (DIOD) is schdueled to report earning on Feb 18, 2025, TBA Not Confirmed.
What is Diodes (DIOD) earnings time?
Diodes (DIOD) earnings time is at Feb 18, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is DIOD EPS forecast?
DIOD EPS forecast for the fiscal quarter 2024 (Q4) is $0.32.
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