DIOD Earnings Prediction
The chart below shows how DIOD performed 10 days before and after its earnings report, based on data from the past quarters. Typically, DIOD sees a +1.84% change in stock price 10 days leading up to the earnings, and a +1.89% change 10 days following the report. On the earnings day itself, the stock moves by +0.40%. This data can give you a slight idea of what to expect for the next quarter's release.
DIOD Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
350.08M
-13.49%
9.48%
Gross Margin
32.61%
-13.23%
0.71%
Operating Margin
6.03%
-56.77%
62.53%
Net Margin
4.34%
-64.77%
36.48%
EPS
0.30
-71.43%
76.47%
No Data Available
DIOD Earnings Analysis
Diodes Inc Corporation (DIOD.O) Earnings Conference Call
Positive
Quarterly Revenue Comparison: Revenue for the third quarter of 2024 was $350.1 million, compared to $319.8 million in the second quarter 2024 and $404.6 million in the third quarter 2023, reflecting a sequential increase of 9.5%.
Gross Profit Analysis: Gross profit for the third quarter was $118 million or 33.7% of revenue compared to $107.4 million or 33.6% of revenue in the prior quarter and $155.9 million or 38.5% of revenue in the prior year quarter.
Cost Management Improvement: GAAP operating expenses for the third quarter were $96.1 million or 27.5% of revenue, showing effective cost management compared to $103.7 million or 32.4% of revenue in the prior quarter.
Earnings Growth Analysis: Non-GAAP adjusted net income in the third quarter was $20.1 million or $0.43 per diluted share, compared to $15.4 million or $0.33 per diluted share in the prior quarter, indicating strong earnings growth.
Strong Cash Generation: Cash flow provided by operations was $54.4 million for the third quarter, with free cash flow at $39.4 million, demonstrating robust cash generation capabilities.
Negative
Quarterly Revenue Decline: Revenue for the third quarter of 2024 was $350.1 million, compared to $404.6 million in the third quarter of 2023, indicating a decline of 13.4%.
Gross Profit Decline: Gross profit for the third quarter was $118 million or 33.7% of revenue, compared to $155.9 million or 38.5% of revenue in the prior year quarter, reflecting a decrease in profitability.
Operating Expenses Increase: GAAP operating expenses for the third quarter were $96.1 million or 27.5% of revenue, which is an increase from $91.7 million or 26.2% of revenue in the prior quarter.
Earnings Decline Analysis: GAAP net income for the third quarter was $13.7 million or $0.30 per diluted share, down from $48.7 million or $1.05 per diluted share in the prior year quarter, showing a significant decline in earnings.
Operational Cash Flow Decline: Cash flow provided by operations was $54.4 million for the third quarter, which is lower than the previous quarter's cash flow, indicating potential liquidity concerns.
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DIOD Earning Call Sentiment
Diodes Incorporated (DIOD) Q3 2024 Earnings Call Transcript
DIOD.O
-0.44%Positive
The earnings call reveals several concerning factors: a significant revenue decline, reduced gross margins, and decreased net income. Despite some positive cash flow management, the absence of a share repurchase program and vague responses regarding regulatory impacts in China add uncertainty. The Q&A section indicates mixed demand trends and ongoing challenges in automotive and industrial sectors. While there is some optimism for future growth, the immediate outlook remains weak. Given the market cap, the stock is likely to experience a negative reaction in the range of -2% to -8% over the next two weeks.