Vishay Intertechnology Reports Second Quarter 2025 Results

Core Insights - Vishay Intertechnology, Inc. reported a 7% sequential increase in revenue for the second quarter of fiscal 2025, driven by growth in semiconductors and passive components across all end markets and regions [3][9] - The company anticipates third-quarter revenues to be in the range of $775 million, with a gross profit margin of approximately 19.7%, factoring in the negative impact from the addition of Newport [4] Financial Performance - For the second quarter of 2025, net revenues were $762.3 million, with a gross margin of 19.5% [9] - The company recorded a net earnings of $2.0 million, translating to earnings per share of $0.01, while adjusted loss per share was $(0.07) [9][21] - The book-to-bill ratio was 1.02, with semiconductors at 0.98 and passive components at 1.06, indicating a healthy order flow [9] Operational Metrics - The backlog at the end of the quarter was equivalent to 4.6 months of revenue [9] - Selling, general, and administrative expenses for the second quarter were $134.7 million, which included a benefit of $11.3 million from the resolution of a contingency [12][21] Cash Flow and Investments - The company reported a net cash provided by operating activities of $7.3 million for the first half of 2025, compared to $55.5 million in the same period of the previous year [19][22] - Capital expenditures for the second quarter were $126.2 million, reflecting ongoing investments in capacity expansion [19][22] Balance Sheet Highlights - As of June 28, 2025, total assets were $4.22 billion, with current assets at $1.91 billion [16][18] - Total liabilities stood at $2.13 billion, while total equity was $2.09 billion [18]