Diodes (DIOD) Tops Q3 EPS by 1c, Beats on Revenue
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Diodes Incorporated Reports Third Quarter Fiscal 2024 Financial Results
November 7, 2024 4:05 PM ESTExceeded 3Q Revenue Expectations, Growing Over 9% Sequentially
PLANO, Texas--(BUSINESS WIRE)-- Diodes Incorporated (Diodes) (Nasdaq: DIOD) today reported its financial results for the third quarter ended September 30, 2024.
Third Quarter Highlights
Revenue was $350.1 million, compared to $319.8 million in the second quarter 2024 and $404.6 million in the third quarter 2023; Global Point of Sales (POS) increased over 10 percent sequentially in Asia; GAAP gross profit was $118.0 million, compared to $107.4 million in the second quarter 2024 and $155.9 million in the third quarter 2023; GAAP gross profit margin was... More