Diodes (DIOD) Misses Q1 EPS by 2c, Offers Q2 Guidance

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Diodes Incorporated Reports First Quarter 2020 Financial Results

May 11, 2020 4:05 PM EDT

Strong Automotive Market Share Gains Result in Sequential and Year-over-Year Growth in Automotive Revenue

PLANO, Texas--(BUSINESS WIRE)-- Diodes Incorporated (Nasdaq: DIOD) today reported its financial results for the first quarter ended March 31, 2020.

First Quarter Overview

Revenue was $280.7 million as compared to $301.2 million in the fourth quarter 2019; GAAP gross profit was $95.8 million as compared to $109.4 million in the fourth quarter 2019; GAAP gross profit margin was 34.1 percent as compared to 36.3 percent in the fourth quarter 2019; GAAP net income was $20.2... More