Diodes (DIOD) Tops Q1 EPS by 12c
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Diodes Incorporated Reports First Quarter Fiscal 2023 Financial Results
May 9, 2023 4:05 PM EDTGross Margin Remains Above 41% for Four Consecutive Quarters; Automotive and Industrial Reach a Record 47% of Product Revenue
PLANO, Texas--(BUSINESS WIRE)-- Diodes Incorporated (Diodes) (Nasdaq: DIOD) today reported its financial results for the first quarter ended March 31, 2023.
First Quarter Highlights
Revenue was $467.2 million, decreasing 3.1 percent from $482.1 million in the first quarter 2022 and down 5.8 percent from $496.2 million in the fourth quarter 2022; GAAP gross profit was $194.5 million, decreasing 1.1 percent from $196.7 million in the first quarter 2022 and down 5.7 percent from $206.2 million in the fourth... More