MALVERN, Pa., Oct. 09, 2024 (GLOBE NEWSWIRE) -- Vishay Intertechnology, Inc. (NYSE: VSH) today introduced the industry's first 1 Form A solid-state relay to offer AEC-Q102 qualification and a 100 V load voltage. Offered in the low profile SOP-4 package, the Vishay Semiconductors VORA1010M4 delivers the industry's fastest turn-on and turn-off times of 0.1 ms typical, in addition to the highest operating temperature to +125 °C. The fast turn-off time of the optically isolated device released today is a result ...

MALVERN, Pa., Oct. 08, 2024 (GLOBE NEWSWIRE) -- Vishay Intertechnology, Inc., (NYSE: VSH), will release its results for the fiscal third quarter ended September 28, 2024, before the New York Stock Exchange opens on Wednesday, November 6, 2024. A conference call to discuss Vishay's third quarter financial results is scheduled for Wednesday, November 6, 2024 at 9:00 a.m. ET. To participate in the live conference call, please pre-register at https://register.vevent.com/register/BI24b8e37c574c42d897f4df9a7a5aa3 ...

MALVERN, Pa., Oct. 02, 2024 (GLOBE NEWSWIRE) -- Vishay Intertechnology, Inc. (NYSE: VSH) today introduced two new power inductors in the 2.5 mm by 2.0 mm by 1.2 mm 1008 case size. The commercial IHLL-1008AB-1Z and Automotive Grade IHLP-1008ABEZ-5A achieve the same performance as the nextsmallest IHLP® inductor in a 55 % smaller footprint while offering higher operating temperatures up to +165 °C, a wider range of inductance values, and lower DCR. Offering inductance values from 0.33 µH to 4.7 µH, the IHLL-1 ...

MALVERN, Pa., Sept. 24, 2024 (GLOBE NEWSWIRE) -- Vishay Intertechnology, Inc. (NYSE: VSH), one of the world's largest manufacturers of discrete semiconductors and passive components, today announced that it is implementing restructuring actions designed to optimize the Company's manufacturing footprint and streamline business decision making as it executes its Vishay 3.0 growth strategy. The restructuring actions will be implemented in phases and include: Selling, general, and administrative functions will ...

A month has gone by since the last earnings report for Vishay Intertechnology (VSH) . Shares have lost about 6.4% in that time frame, underperforming the S&P 500. Will the recent negative trend continue leading up to its next earnings release, or is Vishay due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. Vishay Q2 Earnings Beat Estimates, Revenues ...

MALVERN, Pa., Aug. 13, 2024 (GLOBE NEWSWIRE) -- Vishay Intertechnology, Inc. (NYSE:VSH), one of the world's largest manufacturers of discrete semiconductors and passive components, announced today that the Company's Board of Directors declared a dividend of $0.10 per share of common stock and Class B common stock, to be paid September 26, 2024 to stockholders of record as of the close of business September 10, 2024. Future dividends will be subject to Board approval. About Vishay Vishay manufactures one of ...

Vishay Intertechnology, Inc. (VSH) delivered second-quarter 2024 adjusted earnings of 17 cents per share, surpassing the Zacks Consensus Estimate by 21.4%. The figure fell 75% year over year. Revenues of $741.24 million decreased 16.9% year over year. The figure lagged the Zacks Consensus Estimate by 1.3%. Softness in MOSFETs, diodes, optoelectronics, resistor and capacitor product lines was a major concern. Vishay's book-to-bill ratio was 0.86 at the end of the second quarter. Product Segments in Detail Re ...

Financial Data and Key Metrics Changes - Revenue for Q2 2024 was $741.2 million, essentially flat compared to Q1, with a slight decrease of 0.7% reflecting lower volume pulls from automotive customers and industrial customer destocking [6][18] - Gross profit was $162.9 million, with a gross margin of 22.0%, down from 22.8% in Q1, primarily due to the inclusion of Newport for the entire quarter [20] - EPS was $0.17 per share, compared to $0.22 in Q1 and $0.68 in Q2 2023 [21] Business Line Data and Key Metrics Changes - Automotive revenue declined 6.7% from Q1 and 13.6% year-over-year, impacted by lower production schedules from Tier 1 customers [8][9] - Industrial revenue was flat quarter-over-quarter, with signs of improved bookings in Asia towards the end of Q2 [10] - Medical revenue increased 14.7% from Q1 but was slightly below last year's Q2 [13] - Distribution revenue increased 7.6% quarter-over-quarter but was down 15.5% year-over-year [15] Market Data and Key Metrics Changes - Revenue in the Americas was up 1%, while Asia showed some growth in industrial and AI sectors [17] - Europe experienced lower revenues due to ongoing macroeconomic challenges [17] Company Strategy and Development Direction - The company is focused on executing its five-year strategic plan, emphasizing capacity expansion and innovation [27] - Adjusted CapEx for 2024 is now expected to be between $360 million and $390 million, down from an original plan of $435 million [28] - The company is actively pursuing M&A opportunities, having already completed two acquisitions in 2024 [60] Management's Comments on Operating Environment and Future Outlook - Management noted that inventory digestion is ongoing, with expectations for normalization in the passive components market within one quarter [62] - The semiconductor market may take two more quarters to fully digest excess inventory [62] - Management expressed confidence in the company's ability to capture market share and position itself for future growth, particularly in AI and automotive sectors [39] Other Important Information - The company repurchased 0.6 million shares at an average price of $22.76 during the quarter [23] - Cash and short-term investments decreased to $688 million, with expectations to remain free cash flow negative for the year [24][60] Q&A Session Summary Question: Capacity expansion and utilization - Management confirmed that capacity utilization for MOSFETs is currently at 79% and expressed confidence in filling the new capacity as demand increases [41][42] Question: Automotive market outlook - Management guided automotive revenue to be flat in Q3 despite seeing some positive signals from customers [43] Question: AI server content opportunity - The company is seeing increased content opportunities in AI servers, with an estimated $50 per AI server in Vishay components [44][45] Question: Distribution inventory levels - Management reported that distribution inventory is at 26 weeks globally, with efforts to reduce inventory levels while increasing SKU counts [50][51] Question: Gross margin guidance - Management indicated that gross margin is expected to be lower in Q3 due to pricing pressures and the impact of Newport [56][58] Question: Free cash flow expectations - Management expects to be free cash flow negative in 2024, with ongoing capital allocation strategies focused on M&A and shareholder returns [60]

Company Performance - Vishay Intertechnology reported quarterly earnings of $0.17 per share, exceeding the Zacks Consensus Estimate of $0.14 per share, but down from $0.68 per share a year ago, indicating a 75% year-over-year decline [1] - The company achieved an earnings surprise of 21.43% for the quarter, having previously reported earnings of $0.22 per share against an expectation of $0.20 per share, resulting in a 10% surprise [1][2] - Over the last four quarters, Vishay has surpassed consensus EPS estimates four times [2] Revenue Analysis - Vishay's revenues for the quarter ended June 2024 were $741.24 million, which missed the Zacks Consensus Estimate by 1.26% and represented a decline from $892.11 million in the same quarter last year [2] - The company has topped consensus revenue estimates two times over the last four quarters [2] Market Performance - Since the beginning of the year, Vishay shares have decreased by approximately 10.4%, contrasting with the S&P 500's gain of 9.9% [3] - The current consensus EPS estimate for the upcoming quarter is $0.15 on revenues of $768.1 million, and for the current fiscal year, it is $0.73 on revenues of $3.04 billion [7] Industry Outlook - The Semiconductor - Discretes industry, to which Vishay belongs, is currently ranked in the bottom 21% of over 250 Zacks industries, indicating potential challenges ahead [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact Vishay's stock performance [5][6]

MALVERN, Pa., Aug. 07, 2024 (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 29, 2024. Highlights 2Q 2024 revenues of $741.2 million Gross margin was 22.0% and included the negative impact of approximately 170 basis points related to the addition of Newport EPS of $0.17 2Q 2024 book-to-bill of 0.86 with book-to-bill of 0.82 for ...