NASDAQ$DIOD
Diodes Incorporated · Q1 2020 earnings
Q1 2020 earnings · · Investor relations
Briefing
Diodes' first quarter results were in line with expectations, impacted by the Chinese New Year holiday and temporary U.K. facility closures due to COVID-19, with automotive revenue growing sequentially and year-over-year.
Diodes Incorporated reported first quarter 2020 revenue of $280.7 million and GAAP net income of $20.2 million, or $0.38 per diluted share. The results were impacted by the delayed start of manufacturing production following the extended Chinese New Year holiday and the temporary closure of U.K. wafer fabs. Automotive revenue grew sequentially and year-over-year.
- Revenue was $280.7 million, compared to $301.2 million in the fourth quarter 2019.
- GAAP gross profit was $95.8 million, or 34.1 percent of revenue.
- GAAP net income was $20.2 million, or $0.38 per diluted share.
- Automotive revenue grew sequentially and year-over-year to 11% of revenue.
Headline financials
Revenue & EPS history
Diodes · Revenue · Quarterly
$281M
Forward guidance
For the second quarter of 2020, Diodes expects revenue to be approximately $283 million, plus or minus 3 percent, and GAAP gross margin to be 35.0 percent, plus or minus 1 percent.
Tailwinds
- Revenue expected to be approximately $283 million, plus or minus 3 percent.
- GAAP gross margin expected to be 35.0 percent, plus or minus 1 percent.
- Non-GAAP operating expenses expected to be approximately 23.0 percent of revenue, plus or minus 1 percent.
- Net interest expense expected to be approximately $1.5 million.
- Income tax rate expected to be 18 percent, plus or minus 3 percent.
Headwinds
- Increased uncertainty resulting from COVID-19.
- Significant softness in the automotive market.
- Purchase accounting adjustments related to amortization of acquisition-related intangible assets of $3.2 million, after tax, for Pericom and previous acquisitions are not included in these non-GAAP estimates.
- The business outlook is subject to various risks and uncertainties.
- Shares used to calculate diluted EPS for the second quarter are anticipated to be approximately 52.8 million.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2020
+0.7%
Avg return
Earnings day
+1.8%
Avg return
5 days after
+1.5%
Avg return
30 days after
50%
34 / 68 earnings
Positive
+26.4%
Q4 2025
Best reaction
-14.9%
Q3 2011
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.2% | -9.4% | -10.2% | |
| Q4 2025 | +26.4% | +15.2% | +3.5% | |
| Q3 2025 | -14.5% | -9.7% | +1.5% | |
| Q1 2025 | +12.1% | +22.0% | +23.7% | |
| Q4 2024 | +3.1% | +4.9% | -9.7% | |
| Q3 2024 | +0.1% | -8.4% | -5.3% | |
| Q2 2024 | +9.4% | +11.7% | +3.6% | |
| Q1 2024 | -7.0% | -3.0% | -4.1% | |
| Q4 2023 | -1.0% | +3.8% | +5.2% | |
| Q3 2023 | -10.9% | -6.9% | +5.7% | |
| Q2 2023 | -7.0% | -8.4% | -10.1% | |
| Q1 2023 | +3.0% | +2.2% | +9.3% | |
| Q4 2022 | +1.3% | +3.4% | +1.2% | |
| Q3 2022 | +5.8% | +16.0% | +21.4% | |
| Q2 2022 | -3.0% | -9.1% | -18.5% | |
| Q1 2022 | -0.2% | -5.6% | -0.6% | |
| Q4 2021 | -0.7% | -5.7% | -12.2% | |
| Q3 2021 | +4.5% | +7.1% | +7.4% | |
| Q2 2021 | +4.2% | +3.8% | +12.4% | |
| Q1 2021 | +2.7% | -1.4% | +5.7% | |
| Q4 2020 | -0.2% | +2.4% | +3.5% | |
| Q3 2020 | -0.3% | +2.2% | +8.7% | |
| Q2 2020 | -0.4% | -0.7% | -8.0% | |
| Q1 2020 | -12.2% | -13.2% | +1.4% | |
| Q4 2019 | +7.6% | +0.7% | -31.5% | |
| Q3 2019 | -3.3% | -5.0% | -2.7% | |
| Q2 2019 | -2.9% | -5.3% | -9.7% | |
| Q1 2019 | +8.3% | +5.1% | -8.8% | |
| Q4 2018 | +12.1% | +16.1% | +3.9% | |
| Q3 2018 | +14.7% | +11.4% | +6.1% | |
| Q2 2018 | +4.1% | +2.6% | -3.2% | |
| Q1 2018 | +11.7% | +8.8% | +22.0% | |
| Q4 2017 | +2.4% | +5.6% | +15.4% | |
| Q3 2017 | -7.5% | -9.4% | -18.8% | |
| Q2 2017 | +0.6% | -0.2% | +2.8% | |
| Q1 2017 | +9.4% | +13.1% | +17.7% | |
| Q4 2016 | +5.4% | +4.6% | -0.7% | |
| Q3 2016 | -5.1% | +1.7% | +19.2% | |
| Q2 2016 | +3.4% | +5.5% | +11.9% | |
| Q1 2016 | +6.7% | — | — | |
| Q4 2015 | -4.0% | — | — | |
| Q3 2015 | -10.2% | — | — | |
| Q2 2015 | -5.0% | — | — | |
| Q1 2015 | -1.0% | — | — | |
| Q4 2014 | -1.0% | — | — | |
| Q3 2014 | -2.0% | — | — | |
| Q2 2014 | -2.6% | — | — | |
| Q1 2014 | +1.5% | — | — | |
| Q4 2013 | +8.6% | — | — | |
| Q3 2013 | -9.9% | — | — | |
| Q2 2013 | -10.3% | — | — | |
| Q1 2013 | +10.3% | — | — | |
| Q4 2012 | +8.7% | — | — | |
| Q3 2012 | -11.0% | — | — | |
| Q2 2012 | -2.7% | — | — | |
| Q1 2012 | -7.2% | — | — | |
| Q4 2011 | -1.6% | — | — | |
| Q3 2011 | -14.9% | — | — | |
| Q2 2011 | +7.9% | — | — | |
| Q1 2010 | -8.5% | — | — | |
| Q1 2011 | +0.5% | — | — | |
| Q4 2008 | -1.7% | — | — | |
| Q4 2010 | -1.7% | — | — | |
| Q3 2009 | +3.4% | — | — | |
| Q3 2010 | +3.4% | — | — | |
| Q2 2009 | +5.4% | — | — | |
| Q4 2009 | +5.4% | — | — | |
| Q2 2010 | +5.4% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro