Diode Inc ups its revenue guidance for 2Q2013
Diodes Inc. is increasing its revenue and gross profit margin guidance for the second quarter of 2013. The revised guidance reflects the expectation that revenue will range between $210 million and $218 million sequentially versus prior guidance of $206 million to $218 million.
GAAP gross profit margin is expected to be 28 percent, plus or minus 2 percent versus prior guidance of 27 percent, plus or minus 2 percent. Non-GAAP gross profit margin, which excludes the BCD inventory valuation adjustment, is expected to be 29.5 percent, plus or minus 2 percent, versus prior guidance of 29.0 percent, plus or minus 2 percent.
Diodes maintained its second quarter guidance expectations on the following: GAAP operating expenses of 23.6 percent of revenue, plus or minus 1 percent; non-GAAP operating expenses, excluding amortization of intangible expenses, restructuring expenses, and BCD retention bonus accruals, of 21.3 percent of revenue, plus or minus 1 percent; income tax rate of 14 to 20 percent; and shares used to calculate GAAP EPS of approximately 47 million.