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.