[Q2 2025 Earnings Overview](index=1&type=section&id=Q2_2025_Earnings_Overview) Vishay Intertechnology reported a 7% sequential revenue increase in Q2 2025, with management highlighting growth across all segments and strategic capacity investments for future market upturns [Highlights and Management Commentary](index=1&type=section&id=Highlights_and_Management_Commentary) Vishay Intertechnology reported a 7% sequential revenue increase in Q2 2025 to $762.3 million, driven by growth across all end markets and regions, achieving a book-to-bill ratio of 1.02 despite a low GAAP EPS of $0.01 and an adjusted loss per share of $(0.07) - CEO Joel Smejkal highlighted a **7% sequential revenue increase** in Q2, with growth observed in semiconductors and passives across all end markets, regions, and customer types (distributors and EMS)[3](index=3&type=chunk) - The company is investing in capacity expansion to be prepared for a market upturn, as market indicators remain directionally positive[3](index=3&type=chunk) Q2 2025 Key Financial Metrics | Metric | Value | | :--- | :--- | | Revenues | $762.3 million | | Gross Margin | 19.5% | | EPS | $0.01 | | Adjusted Loss Per Share | $(0.07) | | Book-to-Bill Ratio | 1.02 | | Backlog | 4.6 months | - The Q2 gross margin of **19.5%** was negatively impacted by approximately **160 basis points** due to the addition of Newport[7](index=7&type=chunk) [Q3 2025 Outlook](index=1&type=section&id=Q3_2025_Outlook) For the third quarter of 2025, Vishay anticipates revenues to be in the range of $775 million, plus or minus $20 million, with a gross profit margin expected at 19.7%, plus or minus 50 basis points, including a negative impact from the Newport addition Q3 2025 Guidance | Metric | Guidance Range | | :--- | :--- | | Revenues | $775 million +/- $20 million | | Gross Profit Margin | 19.7% +/- 50 basis points | - The Q3 2025 gross margin guidance includes an anticipated negative impact of approximately **160 to 185 basis points** from the addition of Newport[4](index=4&type=chunk) [Financial Statements](index=4&type=section&id=Financial_Statements) Vishay's Q2 2025 financial statements show sequential revenue growth but year-over-year declines in profitability, with a net loss for the first six months and reduced operating cash flow [Summary of Operations (Income Statement)](index=4&type=section&id=Summary_of_Operations_(Income_Statement)) The income statement shows a sequential increase in revenue and gross profit for Q2 2025 compared to Q1 2025, but a decline compared to Q2 2024, with the first six months of 2025 reflecting slightly down revenues year-over-year and significant decreases in operating income and net earnings [Quarterly Results](index=4&type=section&id=Quarterly_Results) In Q2 2025, net revenues were $762.3 million, up from $715.2 million in Q1 2025 but down from $741.2 million in Q2 2024, with gross margin improving sequentially to 19.5% but remaining lower than the prior-year quarter, and net earnings attributable to Vishay stockholders significantly dropping to $2.0 million, or $0.01 per diluted share Quarterly Summary of Operations (in thousands, except per share amounts) | Metric | Q2 2025 | Q1 2025 | Q2 2024 | | :--- | :--- | :--- | :--- | | Net revenues | $762,250 | $715,236 | $741,239 | | Gross profit | $148,683 | $135,554 | $162,870 | | Gross margin | 19.5% | 19.0% | 22.0% | | Operating income | $22,118 | $815 | $37,917 | | Net earnings (Vishay stockholders) | $2,004 | $(4,092) | $23,533 | | Diluted EPS | $0.01 | $(0.03) | $0.17 | [Six-Month Results](index=5&type=section&id=Six-Month_Results) For the first six months of 2025, net revenues were $1.477 billion, a slight decrease from $1.488 billion in the same period of 2024, with gross margin contracting to 19.2% from 22.4%, and the company recording a net loss attributable to stockholders of $2.1 million, or $(0.02) per share, compared to net earnings of $54.5 million, or $0.39 per share, in the first half of 2024 Six-Month Summary of Operations (in thousands, except per share amounts) | Metric | Six Months 2025 | Six Months 2024 | | :--- | :--- | :--- | | Net revenues | $1,477,486 | $1,487,518 | | Gross profit | $284,237 | $333,277 | | Gross margin | 19.2% | 22.4% | | Operating income | $22,933 | $80,588 | | Net (loss) earnings (Vishay stockholders) | $(2,088) | $54,457 | | Diluted (loss) EPS | $(0.02) | $0.39 | [Consolidated Condensed Balance Sheets](index=6&type=section&id=Consolidated_Condensed_Balance_Sheets) As of June 28, 2025, Vishay's total assets stood at $4.22 billion, up from $4.11 billion at the end of 2024, primarily driven by higher inventories and property, plant, and equipment, while cash and cash equivalents decreased, total liabilities rose slightly to $2.13 billion, and total equity increased to $2.09 billion Key Balance Sheet Items (in thousands) | Account | June 28, 2025 | Dec 31, 2024 | | :--- | :--- | :--- | | **Assets** | | | | Cash and cash equivalents | $473,860 | $590,286 | | Total inventories | $754,866 | $689,381 | | Total current assets | $1,912,082 | $1,915,507 | | Total assets | $4,221,655 | $4,110,696 | | **Liabilities & Equity** | | | | Total current liabilities | $707,294 | $708,348 | | Long-term debt | $914,504 | $905,019 | | Total liabilities | $2,126,664 | $2,081,734 | | Total equity | $2,094,991 | $2,028,962 | [Consolidated Condensed Statements of Cash Flows](index=8&type=section&id=Consolidated_Condensed_Statements_of_Cash_Flows) For the first six months of 2025, net cash provided by operating activities was $7.3 million, a sharp decline from $55.5 million in the prior-year period, with investing activities using $115.4 million primarily for capital expenditures, and financing activities using $26.4 million mainly for dividends and stock repurchases, resulting in a net decrease in cash and cash equivalents of $116.4 million, ending the period with $473.9 million Six-Month Cash Flow Summary (in thousands) | Cash Flow Activity | Six Months 2025 | Six Months 2024 | | :--- | :--- | :--- | | Net cash provided by operating activities | $7,307 | $55,481 | | Net cash used in investing activities | $(115,415) | $(295,316) | | Net cash used in financing activities | $(26,447) | $(56,670) | | Net decrease in cash and cash equivalents | $(116,426) | $(299,988) | | Cash and cash equivalents at end of period | $473,860 | $672,731 | [Non-GAAP Financial Measures Reconciliation](index=9&type=section&id=Non-GAAP_Financial_Measures_Reconciliation) The company provides reconciliations for adjusted EPS, free cash, and adjusted EBITDA, revealing a Q2 2025 adjusted loss per share and negative free cash flow [Reconciliation of Adjusted Earnings Per Share](index=9&type=section&id=Reconciliation_of_Adjusted_Earnings_Per_Share) The company provides a reconciliation from GAAP to adjusted earnings per share (EPS), showing that for Q2 2025, GAAP net earnings of $2.0 million were adjusted for a favorable contingency resolution of $11.3 million, resulting in an adjusted net loss of $9.3 million, or an adjusted loss per diluted share of $(0.07), compared to a GAAP EPS of $0.01 Q2 2025 GAAP vs. Adjusted EPS Reconciliation | Metric | Value (in thousands, except per share) | | :--- | :--- | | GAAP net earnings (Vishay stockholders) | $2,004 | | Favorable resolution of contingency | $(11,293) | | Adjusted net loss | $(9,289) | | **Adjusted loss per diluted share** | **$(0.07)** | [Reconciliation of Free Cash](index=10&type=section&id=Reconciliation_of_Free_Cash) Free cash, a non-GAAP measure, was negative for Q2 2025 at $(73.2) million, calculated from net cash used in operating activities of $(8.8) million, less capital expenditures of $64.6 million, plus proceeds from asset sales, resulting in a significant increase in cash usage for the first six months of 2025 at $(118.4) million compared to $(58.9) million in the same period of 2024 Free Cash Calculation (in thousands) | Metric | Q2 2025 | Q1 2025 | Q2 2024 | | :--- | :--- | :--- | :--- | | Net cash provided by (used in) operating activities | $(8,791) | $16,098 | $(24,730) | | Less: Capital expenditures | $(64,598) | $(61,569) | $(62,564) | | **Free cash** | **$(73,174)** | **$(45,192)** | **$(86,780)** | [Reconciliation of EBITDA and Adjusted EBITDA](index=11&type=section&id=Reconciliation_of_EBITDA_and_Adjusted_EBITDA) For Q2 2025, EBITDA was $74.8 million, and after adjusting for a favorable contingency resolution of $11.3 million, the Adjusted EBITDA was $63.5 million, resulting in an Adjusted EBITDA margin of 8.3%, which is an improvement from 7.6% in Q1 2025 but a decline from 11.9% in Q2 2024 EBITDA and Adjusted EBITDA Reconciliation (in thousands) | Metric | Q2 2025 | Q1 2025 | Q2 2024 | | :--- | :--- | :--- | :--- | | Net earnings (loss) | $2,004 | $(4,092) | $23,880 | | EBITDA | $74,812 | $54,458 | $88,415 | | **Adjusted EBITDA** | **$63,519** | **$54,458** | **$88,415** | | **Adjusted EBITDA margin** | **8.3%** | **7.6%** | **11.9%** |

MALVERN, Pa., Aug. 06, 2025 (GLOBE NEWSWIRE) -- Vishay Intertechnology, Inc., (NYSE: VSH), one of the world's largest manufacturers of discrete semiconductors and passive electronic components, today announced results for the fiscal second quarter ended June 28, 2025. Highlights 2Q 2025 revenues of $762.3 millionGross margin was 19.5% and included the negative impact of approximately 160 basis points related to the addition of Newport2Q 2025 EPS of $0.012Q 2025 Adjusted loss per share of $(0.07)2Q 2025 boo ...

Group 1: AI Stocks and Investment Trends - Most large AI stocks have negligible dividend yields, often below 1%, leading investors to choose between low-dividend growth stocks and higher dividend yields [1] - The Nasdaq 100 index is nearing its peak levels from 2021, with many stocks experiencing corrections due to high valuations [1] - The combination of high valuations and increasing pressure on the Federal Reserve to lower interest rates may make dividend stocks more attractive [1] Group 2: Key AI Stocks to Watch - Vishay Intertechnology (NYSE: VSH) is a major manufacturer of discrete semiconductors and passive components, crucial for AI supply chains, with a dividend yield of 2.32% and a P/E ratio of 15 times expected earnings for 2026 [1][2] - Booz Allen Hamilton (NYSE: BAH) derives 98% of its revenue from federal government contracts, with a backlog of $38 billion, and is expected to see revenue growth of 12.36% in FY2025 [3][4] - Lenovo (OTC: LNVGY) has seen a 63% year-over-year increase in its Infrastructure Solutions Group (ISG) revenue, driven by AI server sales, with a projected P/E ratio of less than 12 and a dividend yield of 3.69% [6][7]

智通财经获悉，证券分析师奥马尔・伊布内・埃哈桑发布在媒体上的最新观点指出，目前，大多数大型 AI股票的股息率微乎其微，但其收益率往往远低于 1%。对多数投资者而言，收益与人工智能似乎水火 不容：要么投资那些股息极低甚至不分红的成长型股票，要么放弃增长潜力换取可观股息。 多数投资者扎堆的AI成长股已接近历史高点。纳斯达克 100 指数逼近 2021 年的峰值水平，许多股票因 估值过高而出现回调。与此同时，美联储面临着越来越大的降息压力。 这两种趋势的叠加不仅会让股息股更具吸引力，还会促使华尔街寻找风险汇报比更优的AI投资标的。 以下是三只值得关注的AI股，它们不仅有 100% 的上涨潜力，还具备合理的股息收益率： 威世科技（纽约证券交易所代码：VSH） 该公司生产分立半导体和无源元件，如控制电流方向的二极管、切换电源的 MOSFET、设定电压水平 的电阻器，以及用于存储能量的电容器。 该公司正加大资本投入以抓住上行周期，因此盈利能力尚未完全体现。2025年第一季度毛利率降至 19%，但管理层预计这一不利因素将在下半年消退，并预测第二季度收入将环比增长6%至7.6亿美元。 分析师预计电子元件需求激增将推动利润率回 ...

Vishay on Facebook: http://www.facebook.com/VishayIntertechnology Vishay Twitter feed: http://twitter.com/vishayindust Link to product photo: AEC-Q101 Qualified Devices Save Board Space While Offering High Stability for Automotive Applications MALVERN, Pa., July 30, 2025 (GLOBE NEWSWIRE) -- Vishay Intertechnology, Inc. (NYSE: VSH) today introduced a new series of uni/bidirectional 1500 W surface-mount PAR transient voltage suppressors (TVS) in the SMB (DO-214AA) package. To meet the demands of automotive ap ...

Link to DNA of Tech image: "With all the change currently facing our industry, we must remain flexible and resilient to deliver for our customers," said Kim Buhl, vice president of the North America Purchasing Group at DENSO. "We can only do this with the help of our suppliers. So, this year, as we congratulate those who have performed exceptionally in creating new value for DENSO, we also thank our entire supplier network. We call on each partner to continue to take on new challenges, and opportunities, wi ...

Core Insights - Vishay Intertechnology, Inc. has launched a new industrial-grade 3/8 inch square single-turn cermet trimmer, the Vishay Sfernice M61, featuring various pin configurations and adjustment styles for optimized PCB placement [1][2] Product Features - The M61 offers a resistance range of 10 to 2 M and operates within a temperature range of -55 °C to +125 °C, with a low temperature coefficient of 100 ppm/°C [2] - It is fully sealed to endure standard board wash processing and has a power rating of 0.5 W at +85 °C, making it suitable for industrial applications such as welding equipment, power tools, 3D printers, and HVAC systems [2] Availability - Samples and production quantities of the M61 are currently available, with lead times of 15 weeks [3] Company Overview - Vishay Intertechnology manufactures a vast portfolio of discrete semiconductors and passive electronic components, serving various markets including automotive, industrial, computing, consumer, telecommunications, military, aerospace, and medical [4]

Core Viewpoint - Vishay Intertechnology, Inc. has launched a new tricolor LED, the VLMRGB6122, which delivers a luminous intensity of 2800 mcd at 20 mA, suitable for various automotive and consumer applications [1][2]. Group 1: Product Features - The VLMRGB6122 LED features separate anode and cathode connections for red, green, and blue chips, allowing for individual control and color mixing within the CIE 1931 color space [1]. - The device utilizes advanced AllnGaP and InGaN technologies, providing 70% higher brightness compared to previous generations while maintaining a 22% lower profile than competing products [2]. - It operates over a wide temperature range from -40 °C to +110 °C, which is 25 °C higher than standard solutions, and has Class B1 corrosion robustness [3]. Group 2: Technical Specifications - The luminous intensity specifications for the VLMRGB6122 are as follows: - Red: Min. 710 mcd, Typ. 900 mcd, Max. 1400 mcd - Green: Min. 1800 mcd, Typ. 2200 mcd, Max. 2800 mcd - Blue: Min. 280 mcd, Typ. 320 mcd, Max. 450 mcd [4]. - The forward voltage at 20 mA is specified as: - Red: Min. 1.75 V, Typ. 1.95 V, Max. 2.75 V - Green: Min. 2.5 V, Typ. 2.75 V, Max. 3.5 V - Blue: Min. 2.5 V, Typ. 3.0 V, Max. 3.5 V [4]. Group 3: Availability and Compliance - Samples and production quantities of the VLMRGB6122 are currently available, with lead times of 17 weeks [6]. - The LED is AEC-Q102 qualified, RoHS-compliant, halogen-free, and categorized per reel for luminous intensity, color, and forward voltage [3].

Core Viewpoint - Vishay Intertechnology has introduced three new Gen 3 silicon carbide Schottky diodes designed for high voltage applications, featuring a compact SlimSMA HV package that enhances efficiency in power designs [1][2]. Group 1: Product Features - The new diodes include the 1 A VS-3C01EJ12-M3 and the 2 A VS-3C02EJ07-M3 and VS-3C02EJ12-M3, which offer low capacitive charge and a minimum creepage distance of 3.2 mm [1][2]. - These devices maintain a low capacitive charge down to 7.2 nC regardless of temperature, resulting in faster switching speeds and reduced power losses [3]. - The MPS structure of the diodes allows for a reduced forward voltage drop down to 1.30 V, contributing to improved efficiency [3]. Group 2: Applications - Typical applications for these diodes include bootstrap, anti-parallel, and PFC diodes for DC/DC and AC/DC converters in server power supplies, energy generation and storage systems, industrial drives and tools, and X-ray generators [4]. - The devices are designed to operate at high temperatures of up to +175 °C, making them suitable for demanding environments [4]. Group 3: Compliance and Availability - The diodes are RoHS-compliant and halogen-free, with a Moisture Sensitivity Level of 1 according to J-STD-020 [5]. - Samples and production quantities of the new SiC diodes are currently available, with lead times of 14 weeks [8]. Group 4: Company Overview - Vishay Intertechnology is recognized as one of the largest manufacturers of discrete semiconductors and passive electronic components, serving various markets including automotive, industrial, computing, and medical [9].

Company Overview - Vishay Intertechnology, Inc. is a leading manufacturer of discrete semiconductors and passive electronic components, serving various markets including automotive, industrial, computing, consumer, telecommunications, military, aerospace, and medical [4]. Upcoming Financial Results - Vishay will release its fiscal second quarter results for the period ending June 28, 2025, before the market opens on August 6, 2025 [1]. - A conference call to discuss these financial results is scheduled for August 6, 2025, at 9:00 a.m. ET [2]. Conference Call Details - Participants can pre-register for the live conference call via a provided link, after which they will receive a dial-in number and unique PIN [2]. - A live audio webcast of the conference call, along with a PDF copy of the press release and quarterly presentation, will be available on the Investor Relations section of the Vishay website [3]. - A replay of the conference call will be accessible approximately one hour after the call and will remain available for 30 days [3].