NASDAQ$DIOD

Diodes Incorporated · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Diodes reported record revenue, gross profit, and earnings for the sixth consecutive quarter.

Diodes Incorporated reported record second-quarter financial results, achieving its sixth consecutive quarter of record revenue, gross profit, and earnings. Revenue reached $501.0 million, a 13.7% increase year-over-year, and GAAP EPS was a record $1.75 per diluted share, a 43.4% improvement year-over-year.

  • Revenue was a record $501.0 million, increasing 13.7 percent from the second quarter 2021.
  • GAAP gross profit was a record $206.5 million, increasing 29.2 percent from the second quarter 2021.
  • GAAP gross profit margin was a record 41.2 percent, an increase of 490 basis points from the second quarter 2021.
  • GAAP EPS was a record $1.75 per diluted share, a 43.4 percent improvement from the second quarter 2021.

Headline financials

Total Revenue

$501M

Previous: $440M+13.7%
EPS (adj)

$1.90

Previous: $1.20+58.3%
Capital Expenditures

-$78.1M

Previous: -$45M-73.4%
Free Cash Flow

$2.05M

Previous: $10.3M-80.2%
Net Income

$80.2M

Previous: $55.4M+44.8%
Operating Income

$106M

Previous: $65.4M+62.6%
Gross Profit

$207M

Previous: $160M+29.2%
Cash & Equivalents

$300M

Previous: $293M+2.5%
Total Assets

$2.29B

Previous: $1.99B+14.7%
Stock-Based Comp

$8.61M

Previous: $8.64M-0.4%

Revenue & EPS history

Diodes · Revenue · Quarterly

$501M

Q2 2022+13.7%vs Q2 2021
Beat estimate in 7 of 13 quarters(54%)
ActualEstimate

Forward guidance

Diodes is guiding for sequential growth and expects revenue to be approximately $521 million, plus or minus 3 percent, and GAAP gross margin to be 41.5 percent, plus or minus 1 percent.

Tailwinds

  • Expects revenue to be approximately $521 million, plus or minus 3 percent
  • Expects GAAP gross margin to be 41.5 percent, plus or minus 1 percent
  • Non-GAAP operating expenses are expected to be approximately 20.5 percent of revenue, plus or minus 1 percent
  • Expects net interest expense to be approximately $3.0 million
  • Income tax rate is expected to be 18.5 percent, plus or minus 3 percent

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 Q2 2022

Historical avgQ2 2022

+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

Earnings price reactions
QuarterReport dateReaction (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%

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