Diodes Incorporated Updates Second Quarter 2011 Guidance

Diodes Incorporated DIOD today updated its guidance for the second quarter of 2011. The Company is maintaining its revenue guidance for the second quarter of 2011 as it anticipates revenue to range between $170 million and $178 million, an increase of 5 to 10 percent sequentially. The Company is lowering its gross margin guidance to 32.5 percent plus or minus 1.5 percent, versus its previous guidance of comparable to the first quarter. Gross margin is being impacted by a mix shift due to a softening of demand and the slower than expected recovery from the previously disclosed manpower shortages at the Company's China packaging facilities. The previous guidance for operating expenses, tax rate and shares used to calculate GAAP EPS remains unchanged.