Financial Data and Key Metrics Changes - Revenue for Q3 2023 was reported at $853.7 million, within the guidance range of $840 million to $880 million, but declined both quarter-over-quarter and year-over-year due to inventory adjustments and softened demand [7][14] - Gross profit was $237.6 million, resulting in a gross margin of 27.8%, down from 28.9% in the previous quarter [16] - Operating income decreased by $19.5 million compared to the second quarter and $68.0 million year-over-year, with an operating margin of 13.5% [16] - Adjusted EBITDA was $159.6 million, with an adjusted EBITDA margin of 18.7% [17] - EPS was $0.47, while adjusted EPS was $0.60, compared to $0.68 in the previous quarter [17] Business Line Data and Key Metrics Changes - Automotive revenue, accounting for 37% of total revenue, increased by 2% quarter-over-quarter and grew 10% year-over-year [7] - Industrial revenue, representing 35% of total revenue, declined by 9% from the second quarter and 18% year-over-year [7] - Aerospace and Defense revenue was slightly below the second quarter but grew 19% year-over-year due to strong demand [8] - Medical revenue fell 14% compared to both the second quarter and the same quarter last year due to order timing and product mix [9] - Distribution revenue decreased by 10% quarter-over-quarter and 18% year-over-year, attributed to inventory adjustments [10] Market Data and Key Metrics Changes - Channel sales showed a decrease in POS by 7%, reflecting weakened industrial demand across all regions [11] - OEM revenue grew by 4% quarter-over-quarter and 11% year-over-year, driven by automotive demand [11] - EMS revenue declined by 6% quarter-over-quarter and 14% year-over-year due to inventory adjustments [11] Company Strategy and Development Direction - The company is focused on expanding capacity to support high-growth product lines and is investing approximately $350 million in 2023, down from an initial plan of $385 million [23][24] - New facilities in Mexico are being opened to support mass production for power inductors and other products [24] - The acquisition of the Newport wafer fab is aimed at enhancing silicon carbide capabilities, which is critical for automotive applications [26][27] - The company is committed to increasing participation in the distribution channel by broadening the SKU mix and engaging with distributors [39][40] Management's Comments on Operating Environment and Future Outlook - Management noted macroeconomic uncertainties and higher interest rates affecting demand, particularly in China [8] - The company is optimistic about design activities in industrial automation and electric vehicles, despite current inventory levels [8] - Management expressed confidence in the company's ability to navigate through the current challenges and emphasized the importance of investments in capacity and innovation [51] Other Important Information - The company returned $31.1 million to shareholders through dividends and stock repurchases [15] - Total liquidity at the end of the quarter was $1.9 billion, including cash and short-term investments of $1.2 billion [19] Q&A Session Summary Question: Details on the Newport Fab transaction - Management stated that historical capacity details of the fab cannot be shared until the closing process is complete [34] Question: Pricing pressures on non-commodity products - Pricing pressures remain contained to commodity product lines [36] Question: Details on the Newport wafer fab acquisition - The Newport fab acquisition is in addition to the previously announced $1.2 billion investment over three years, aimed at enhancing silicon carbide capabilities [37] Question: Increasing inventory with distribution partners - The company is intentionally increasing inventory to broaden participation in the distribution channel and has added 8,000 part numbers this year [38][40] Question: Filling gaps in technology and market coverage - The company is looking to fill technology gaps in silicon carbide and GaN, considering both internal investment and M&A opportunities [42] Question: Near-term modeling questions on margins - Management indicated that while margins are currently under pressure, they are working diligently to manage costs and improve margins moving forward [44][45]

Vishay Intertechnology, Inc. (NYSE:VSH) Q2 2023 Earnings Conference Call August 9, 2023 9:00 AM ET Company Participants Peter Henrici - Investor Relations Joel Smejkal - President & Chief Executive Officer Lori Lipcaman - Executive Vice President & Chief Financial Officer Conference Call Participants Ruplu Bhattacharya - Bank of America Operator Greetings, and welcome to the Vishay Second Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode. A brief question-and-an ...

2Q 2023 Earnings Conference Call August 9, 2023 © VISHAY INTERTECHNOLOGY, INC. ALL RIGHTS RESERVED.. Toet to ANO ent NOTES ON FORWARD-LOOKING STATEMENTS Comments in this presentation other than statements of historical fact may constitute forward-looking statements. Words such as "believe," "estimate," "will be," "will," "would," "expect," "anticipate," "plan," "project," "intend," "could," "should" or other similar words or expressions often identify forward-looking statements. Such statements are based on ...

Financial Data and Key Metrics Changes - Revenue for Q1 2023 was $871 million, exceeding the high end of guidance, with a 1.8% increase from Q4 2022 and a 2.0% increase year-over-year [8][22][23] - Gross profit was $278.7 million, resulting in a gross margin of 32.0%, significantly above the forecast of 28% [25][28] - Operating income increased by $23.3 million from Q4 2022, with an operating margin of 18.2% [27][28] - EPS was $0.79, up from $0.69 in Q4 2022 [28] Business Line Data and Key Metrics Changes - Automotive segment, representing 33% of total revenue, grew 6.2% quarter-over-quarter and 9.6% year-over-year [9] - Industrial segment, the largest at 37% of total revenue, remained flat compared to Q4 2022 and decreased year-over-year [10] - Medical segment grew 21.4% quarter-over-quarter and 29.6% year-over-year, reaching an all-time high [11] - Aerospace and defense segment also reached an all-time high, growing 10.9% quarter-over-quarter and 33.6% year-over-year [12] Market Data and Key Metrics Changes - OEM revenues increased by 6.1%, driven by automotive and industrial strategic accounts, while distribution revenues were flat [13] - Distributor inventory remained at 19 weeks, with a slight increase in value [14] - EMS revenues declined by 7.4% due to inventory rebalancing, although demand in automotive, industrial, aerospace defense, and medical remained strong [14] Company Strategy and Development Direction - The company is focusing on customer engagement and operational improvements to capitalize on trends in connectivity, mobility, and sustainability [15][16] - A three-year plan is in place to drive growth and returns, with 2023 being a staging year for foundational initiatives [21][52] - The company is investing approximately $385 million in capital expansion, with a focus on projects outside of China [38][40] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the backlog of 7.5 months and noted that automotive and medical segments continue to show strength [57][80] - The company anticipates a stable to slightly decreasing inventory in the channel, with healthy product levels [58][78] - Management expects gross margins to hold around 29% for the year, supported by strong market segments [60][74] Other Important Information - The company returned $34.2 million to stockholders through dividends and stock repurchases [24][32] - Total liquidity at quarter-end was $1.7 billion, providing ample financial flexibility [32][33] Q&A Session Summary Question: Why is the sequential growth just 1% despite a high backlog? - Management indicated that automotive contracts are expected to be flat, while medical and military segments remain strong [57] Question: What drove the outperformance in gross margins? - Management noted lower-than-expected pricing pressure and reduced energy costs contributed to the higher gross margin [60][61] Question: What initiatives are being taken to fill technology gaps? - The focus is on advancing silicon carbide technology and exploring circuit protection and sensor technologies [62][64] Question: Can you provide book-to-bill metrics by channel? - Book-to-bill ratios were provided for various segments, with MOSFET at 0.95 and diodes at 0.71 [76] Question: How does the company view the current market cycle? - Management believes the blending of markets and strong demand in automotive, industrial, medical, and military segments will support stability [68][72]

1Q 2023 Earnings Conference Call May 10, 2023 © VISHAY INTERTECHNOLOGY, INC. ALL RIGHTS RESERVED.. Toet to ANO ent NOTES ON FORWARD-LOOKING STATEMENTS Comments in this presentation other than statements of historical fact may constitute forward-looking statements. Words such as "believe," "estimate," "will be," "will," "would," "expect," "anticipate," "plan," "project," "intend," "could," "should" or other similar words or expressions often identify forward-looking statements. Such statements are based on c ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to _______ Commission file number 1-7416 Vishay Intertechnology, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorpora ...

Vishay Intertechnology, Inc. (NYSE:VSH) Q4 2022 Earnings Conference Call February 8, 2023 9:00 AM ET Company Participants Peter Henrici - Investor Relations Joel Smejkal - President and CEO Lori Lipcaman - Chief Financial Officer Conference Call Participants Joshua Buchalter - Cowen and Company Matt Sheerin - Stifel Ruplu Bhattacharya - Bank of America Operator Greetings. And welcome to the Vishay Intertechnology’s Fourth Quarter 2022 Earnings Call. At this time, all participants are in a listen-only mode. ...

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Vishay Intertechnology, Inc. (NYSE:VSH) Q3 2022 Earnings Conference Call November 2, 2022 9:00 AM ET Company Participants Peter Henrici - Senior Vice President of Corporate Communications & Corporate Secretary Gerald Paul - President & Chief Executive Officer Lori Lipcaman - Executive Vice President & Chief Financial Officer Conference Call Participants Joshua Buchalter - Cowen David Williams - Benchmark Ruplu Bhattacharya - Bank of America Operator Greetings and welcome to the Vishay Intertechnology's Thir ...

Vishay Intertechnology, Inc. (NYSE:VSH) Q2 2022 Earnings Conference Call August 2, 2022 9:00 AM ET Company Participants Peter Henrici - Senior Vice President, Corporate Communications Gerald Paul - President and Chief executive Officer Lori Lipcaman - Executive Vice President and Chief Financial Officer Conference Call Participants Ruplu Bhattacharya - Bank of America Joshua Buchalter - Cowen Matt Sheerin - Stifel Operator Greetings, and welcome to Vishay's Second Quarter 2022 Earnings Call. [Operator Instr ...