Diodes Incorporated Reports Fourth Quarter and Fiscal 2023 Financial Results
Diodes Incorporated (Diodes) (Nasdaq: DIOD) today reported its financial results for the fourth quarter and year ended December 31, 2023.
- Diodes Incorporated (Diodes) (Nasdaq: DIOD) today reported its financial results for the fourth quarter and year ended December 31, 2023.
- GAAP gross profit for the fourth quarter 2023 was $112.5 million, or 34.9 percent of revenue, compared to $155.9 million, or 38.5 percent of revenue, in the third quarter 2023 and $206.2 million, or 41.6 percent of revenue, in the fourth quarter of 2022.
- GAAP operating expenses in the third quarter 2023 were $102.0 million, or 25.2 percent of revenue and in the fourth quarter 2022 were $109.7 million, or 22.1 percent of revenue.
- Fourth quarter 2023 GAAP net income was $25.3 million, or $0.55 per diluted share, compared to GAAP net income in the third quarter 2023 of $48.7 million, or $1.05 per diluted share, and $92.1 million, or $2.00 per diluted share, of GAAP net income in the fourth quarter 2022.