Diodes Incorporated (DIOD) forecasts Q2 2024 revenue to be around $316M, +/- 3%, which is below the estimated $327.62M. The company expects a 4.6% sequential increase in revenue, indicating a return to typical seasonal growth. The projected GAAP gross margin is 33.5%, +/- 1%, with a lower revenue mix from automotive and industrial markets as 3C markets recover. Non-GAAP operating expenses are anticipated to be about 28.5% of revenue, +/- 1%. Net interest income is expected to be $3.0M, with an income tax rate of 18.5%, +/- 3%. Diluted EPS calculations are based on an anticipated 46.5 million shares. The company also notes $3.1M in amortization of acquisition-related intangible assets, after tax, from previous acquisitions, not included in these non-GAAP estimates.