Diodes Reports Q1 Revenue of $405.5M, Exceeding Estimates
Reports Q1 revenue $405.5M, two estimates $395M. Commenting on the results, Gary Yu, President and CEO of Diodes, stated, "Our first quarter revenue grew 22% year-over-year and an above-seasonal 3.5% sequentially, highlighting the solid demand recovery and momentum we are seeing across our key focus areas of automotive, industrial and AI-server related applications. In fact, this quarter is the fifth consecutive quarter of double-digit year-over-year growth and the highest percentage increase since the fourth quarter of 2021. Revenue in Europe led the growth as we continued to benefit from increased opportunities and orders from automotive customers as well as improved demand across broad industrial applications."
