Diodes (DIOD) Tops Q1 EPS by 8c; Guides Above the Street

Diodes (NASDAQ: DIOD) reported Q1 EPS of $0.48, $0.08 better than the analyst estimate of $0.40. Revenue for the quarter came in at $274.5 million versus the consensus estimate of $269.48 million.

GUIDANCE:

Diodes sees Q2 2018 revenue of $292-308 million, versus the consensus of $284.9 million.

Business Outlook

Dr. Lu concluded, “For the second quarter of 2018, we expect continued strong growth with revenueincreasing to a range between $292 million and $308 million, or up 6.4 to 12.2 percent sequentially. We expect GAAP gross margin to be 35.5 percent, plus or minus 1 percent. Non-GAAP operating expenses, which are GAAP operating expenses adjusted for amortization of acquisition-related intangible assets, are expected to be approximately 22.0 percent of revenue, plus or minus 1 percent. We expect interest expense to be approximately $2.5 million. Our income tax rate is expected to be 29.0 percent, plus or minus 3 percent, and shares used to calculate diluted EPS for the second quarter are anticipated to be approximately 51.3 million.” Please note that purchase accounting adjustments of $3.8 million, after tax, for Pericom and previous acquisitions are not included in these non-GAAP estimates

For earnings history and earnings-related data on Diodes (DIOD) click here.

You May Also Be Interested In

• FedEx falls 4% as CY2026 profit forecast misses expectations despite Q4 beat
• SPS Commerce hires Morgan Stanley to explore sale amid activist push - Reuters
• BofA lists top 5 themes driving next $1tn in incremental semi sales