Diodes (NASDAQ:DIOD) reported second-quarter revenue growth of 22% from a year earlier and issued third-quarter guidance that calls for continued expansion in sales, gross margin and adjusted earnings, citing demand across automotive, industrial and AI-related applications. Profitability Improved as Revenue ExpandedYu said Diodes’ automotive revenue reached a record 21% of product revenue during the quarter. Cash flow from operations totaled $68.5 million, while free cash flow was $34.8 million after $33.6 million in capital expenditures. Third-Quarter Outlook Calls for Further GrowthFor the third quarter, Diodes expects revenue of approximately $510 million, plus or minus 3%. Senior Vice President of Worldwide Sales and Marketing Emily Yang said Diodes expects growth in nearly all end markets during the third quarter.