Diodes Incorporated Increases Second Quarter 2013 Guidance

  Diodes Incorporated Increases Second Quarter 2013 Guidance

Business Wire

PLANO, Texas -- June 10, 2013

Diodes Incorporated (Nasdaq: DIOD), a leading global manufacturer and supplier
of high-quality application specific standard products within the broad
discrete, logic and analog semiconductor markets, today stated that it 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.

About Diodes Incorporated

Diodes Incorporated (Nasdaq: DIOD), a Standard and Poor's SmallCap 600 and
Russell 3000 Index company, is a leading global manufacturer and supplier of
high-quality application specific standard products within the broad discrete,
logic and analog semiconductor markets. Diodes serves the consumer
electronics, computing, communications, industrial, and automotive markets.
Diodes' products include diodes, rectifiers, transistors, MOSFETs, protection
devices, functional specific arrays, single gate logic, amplifiers and
comparators, Hall-effect and temperature sensors; power management devices,
including LED drivers, AC-DC converters and controllers, DC-DC switching and
linear voltage regulators, and voltage references along with special function
devices, such as USB power switches, load switches, voltage supervisors, and
motor controllers. Diodes’ corporate headquarters, logistics center, and
Americas' sales office are located in Plano, Texas. Design, marketing, and
engineering centers are located in Plano; San Jose, California; Taipei,
Taiwan; Manchester, England; and Neuhaus, Germany. Diodes’ wafer fabrication
facilities are located in Kansas City, Missouri and Manchester, with four
manufacturing facilities located in Shanghai, China, and two joint venture
facilities located in Chengdu, China, as well as manufacturing facilities
located in Neuhaus and Taipei. Additional engineering, sales, warehouse, and
logistics offices are located in Fort Worth, Texas; Taipei; Hong Kong;
Manchester; Shanghai; Shenzhen, China; Seongnam-si, South Korea; Suwon, South
Korea; Tokyo, Japan; and Munich, Germany, with support offices throughout the
world. For further information, including SEC filings, visit Diodes’ website
at http://www.diodes.com.

Safe Harbor Statement Under the Private Securities Litigation Reform Act of
1995: Any statements set forth above that are not historical facts are
forward-looking statements that involve risks and uncertainties that could
cause actual results to differ materially from those in the forward-looking
statements. Such statements include statements regarding the expectation that:
Diodes Incorporated 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 minute 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. Potential risks and uncertainties include, but are
not limited to, such factors as: the risk that BCD’s business will not be
integrated successfully into Diodes’; the risk that the expected benefits of
the acquisition may not be realized; the risk that BCD’s standards, procedures
and controls will not be brought into conformance within Diodes’ operations;
difficulties coordinating Diodes’ and BCD’s new product and process
development, hiring additional management and other critical personnel, and
increasing the scope, geographic diversity and complexity of Diodes’
operations; difficulties in consolidating facilities and transferring
processes and know-how; the diversion of our management’s attention from the
management of our business; the risk that we may not be able to maintain our
current growth strategy or continue to maintain our current performance, costs
and loadings in our manufacturing facilities; risks of domestic and foreign
operations, including excessive operation costs, labor shortages, higher tax
rates and our joint venture prospects; the risk of unfavorable currency
exchange rates; our future guidance may be incorrect; the global economic
weakness may be more severe or last longer than we currently anticipated; and
other information detailed from time to time in Diodes’ filings with the
United States Securities and Exchange Commission.

Recent news releases, annual reports, and SEC filings are available at the
Company's website: http://www.diodes.com. Written requests may be sent
directly to the Company, or they may be e-mailed to: diodes-fin@diodes.com.

Contact:

Company Contact:
Laura Mehrl
Director, Investor Relations
P: 972-987-3959
E: laura_mehrl@diodes.com
or
Investor Relations Contact:
Shelton Group
Leanne Sievers
EVP, Investor Relations
P: 949-224-3874
E: lsievers@sheltongroup.com