NASDAQ$DIOD

Diodes Incorporated · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Diodes had a record fourth quarter in 2021, with revenue increasing by 1.9% and gross profit reaching a record 39.7% of revenue.

Diodes Incorporated reported a record fourth quarter in 2021, with revenue reaching $480.2 million, a 1.9% increase from the previous quarter. Gross profit also reached a record at $190.7 million, representing 39.7% of revenue. The company's automotive revenue grew 37% year-over-year.

  • Diodes achieved record revenue in Q4 2021, driven by strong demand across all regions.
  • Gross profit for the fourth quarter was a record at $190.7 million, or 39.7% of revenue.
  • Automotive revenue increased 37% year-over-year and 59% for the full year, setting new records.
  • The company expects revenue for the first quarter of 2022 to be approximately $480 million, plus or minus 3%.

Headline financials

Total Revenue

$480M

Previous: $350M+37.0%
EPS (adj)

$1.60

Previous: $0.74+116.2%
EBITDA

$139M

Previous: $67.1M+107.2%
Capital Expenditures

$55M

Previous: $27.3M+101.5%
Free Cash Flow

$22.5M

Previous: $33.5M-32.8%
Net Income

$65.5M

Previous: $29.7M+120.3%
Operating Income

$86M

Previous: $39.8M+116.3%
Gross Profit

$191M

Previous: $123M+55.4%
Cash & Equivalents

$373M

Previous: $268M+39.1%
Total Assets

$2.19B

Previous: $1.98B+10.9%
Stock-Based Comp

$8.28M

Previous: $6.58M+25.9%

Revenue & EPS history

Diodes · Revenue · Quarterly

$480M

Q4 2021+37%vs Q4 2020
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Forward guidance

For the first quarter 2022, Diodes expects revenue to be approximately $480 million, plus or minus 3%, and GAAP gross margin to be 39.7%, plus or minus 1%.

Tailwinds

  • Revenue expected to be approximately $480 million, plus or minus 3%, which at the midpoint is better than typical seasonality of down 5%.
  • GAAP gross margin expected to be 39.7%, plus or minus 1%.
  • Non-GAAP operating expenses expected to be approximately 21% of revenue, plus or minus 1%.
  • Net interest expense expected to be approximately $1.4 million.
  • Income tax rate is expected to be 18.4%, plus or minus 3%.

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 Q4 2021

Historical avgQ4 2021

+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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