Diodes Inc - DIOD STOCK NEWS

Diodes Incorporated (DIOD) reported Q4 2024 financial results with revenue of $339.3 million, exceeding expectations and achieving over 5% growth year-over-year. The company's GAAP gross profit was $110.9 million with a margin of 32.7%, while GAAP net income reached $8.2 million ($0.18 per diluted share).

Key highlights include achieving $81.8 million cash flow from operations and $62.1 million free cash flow. The company maintained its automotive and industrial mix at 42% of total product revenue despite challenging global demand, particularly in Europe and North America. Diodes enters 2025 with strong POS in Asia, improved channel inventory levels, and a solid balance sheet.

For Q1 2025, Diodes expects revenue of approximately $323 million (±3%), representing a 4.8% sequential decrease due to Chinese New Year but showing 7% year-over-year growth. GAAP gross margin is projected at 32.5% (±1%).

Diodes Incorporated (DIOD) has nominated Dr. Huey-Jen Jenny Su to its Board of Directors, effective February 3, 2025. Dr. Su, currently an Honorary Professor of Environmental Health at National Cheng Kung University (NCKU), brings significant expertise in environmental and occupational health research. She made history as NCKU's first female President in 2015.

Dr. Su's achievements include receiving the Outstanding Professional Global Corporate Sustainability Award (2022), Harvard T.H. Chan School of Public Health's Leadership Award (2017), and recognition among Asia's top 100 researchers. Her research focuses on air pollution health effects and airborne microbial hazards, including contributions to WHO guidelines for biological agents in indoor environments.

Following her appointment, Diodes' Board will consist of eight directors, with four being female. Dr. Su will await formal election at the May 2025 shareholder meeting before receiving committee assignments.

Diodes Incorporated (DIOD) has scheduled its fourth quarter and fiscal year 2024 financial results announcement for February 11, 2025. The company will host a conference call at 4:00 p.m. Central Time, featuring President Gary Yu, CFO Brett Whitmire, and SVP of Worldwide Sales and Marketing Emily Yang.

The financial results will be distributed at 3:05 p.m. Central Time. Investors and analysts can join via phone (US: 1-833-634-2590, International: +1-412-317-6038) or webcast through the company's Investor Relations website. A replay will be available until February 18, 2025 (US: 1-877-344-7529, International: +1-412-317-0088, passcode: 6215367), and the webcast recording will be accessible for approximately 90 days.

Diodes Incorporated (Nasdaq: DIOD) has launched the AL8866Q, an automotive-compliant LED driver-controller that expands its portfolio. The device supports multiple topologies including buck, boost, buck-boost, and SEPIC for high-power LED lighting systems. Operating within a 4.7V to 85V input range, it's compatible with 12V, 24V, and 48V battery systems.

Key features include fixed-frequency peak current-mode control, spread spectrum frequency modulation for EMI compliance, and comprehensive fault reporting. The AL8866Q offers superior dimming capabilities with ±12% output current accuracy at low dimming levels and a 100:1 dynamic range. Available in SO-8EP and U-DFN3030-10 packages, priced at $0.50 and $0.48 per 1,000 units respectively.

Diodes Incorporated (DIOD) has launched the AL8891Q, expanding its automotive-compliant LED driver portfolio. This synchronous Buck LED driver operates with up to 2A current from a 4.5V to 65V input range, supporting up to 95% duty cycle for longer LED chains.

The device targets automotive lighting applications including daytime running lights, fog lights, turn lights, brake lights, and interior lighting. Key features include constant-on-time control, adjustable switching frequency (200kHz to 2.5MHz), and enhanced EMI performance meeting CISPR 25 Class 5 standards.

The AL8891Q offers dual dimming capabilities, comprehensive protection features, and operates from -40°C to +125°C. It's available in TSSOP-16EP package at $0.78 per unit for 1,000-piece quantities.

Diodes Incorporated (Nasdaq: DIOD) has launched the AL5887Q, a new 36-channel automotive-compliant linear LED current driver. The device supports up to 12 RGB LED modules with three programmable banks and features both I²C and SPI interface options. Each channel is configurable up to 70mA, with automatic power-saving mode of 15µA and ultra-low quiescent shutdown of 1µA.

Key features include fault reporting, overtemperature protection, built-in 16MHz oscillator for PWM dimming, and 3% device-to-device current accuracy. The AL5887Q operates from -40°C to +125°C, comes in a 6mm x 6mm package, and is priced at $1.13 in 1,000-piece quantities. Applications include interior ambient lighting, rear lighting, EV charging indicators, and infotainment systems.

Diodes Incorporated (Nasdaq: DIOD) has launched the ZXCT18xQ series of automotive-compliant high-precision current shunt monitors. These instrumentation amplifiers measure small sense voltages across common-mode voltages up to 26V while operating from 2.7V to 5.5V supply.

The series includes the ZXCT180Q for unidirectional current measurement and ZXCT181Q for bidirectional flow, featuring four fixed voltage gain options. Applications include ambient lighting control, battery management, and heated seats. The devices operate at temperatures from -40°C to +125°C and are priced at $0.11 and $0.12 for 1,000-piece quantities respectively.

Diodes Incorporated (NASDAQ: DIOD) has announced its management's participation in four upcoming financial conferences in December 2024. The schedule includes the Wells Fargo TMT Summit in Rancho Palos Verdes (Dec 3), UBS Global Technology Conference in Scottsdale (Dec 4), Wolfe Research Small & Mid-Cap Conference (Virtual, Dec 5), and Raymond James TMT & Consumer Investor Conference in New York (Dec 11). Management will be available for meetings with registered attendees during these events. The presentation will not be publicly webcast.

Diodes Incorporated reported its Q3 2024 financial results, showing a 9.5% sequential revenue increase to $350.1 million, though down from $404.6 million in Q3 2023.

GAAP gross profit was $118.0 million with a margin of 33.7%. GAAP net income rose to $13.7 million from $8.0 million in Q2 2024, but fell from $48.7 million in Q3 2023. Non-GAAP net income was $20.1 million, up from $15.4 million last quarter but down from $52.5 million a year ago.

GAAP EPS was $0.30, compared to $0.17 in Q2 2024 and $1.05 in Q3 2023. Non-GAAP EPS was $0.43, up from $0.33 last quarter but down from $1.13 in Q3 2023. EBITDA was $46.9 million, or 13.4% of revenue.

For Q4 2024, Diodes expects revenue around $337 million and a gross margin of 33.0%. The company highlighted strong automotive market performance and a moderated CapEx investment strategy.