Core Viewpoint - Vishay Intertechnology (VSH) shares have increased by approximately 14.5% since the last earnings report, outperforming the S&P 500, raising questions about the sustainability of this positive trend leading up to the next earnings release [1] Group 1: Earnings Report and Market Reaction - The most recent earnings report indicates that estimates have trended downward over the past month, with the consensus estimate shifting down by 75% [2] - Investors and analysts are closely monitoring the stock's performance as it approaches the next earnings release [1] Group 2: VGM Scores and Investment Strategy - Vishay has a Growth Score of B, but it is significantly lagging in Momentum Score with an F; however, it received an A for value, placing it in the top 20% for this investment strategy [3] - The aggregate VGM Score for Vishay is B, which is relevant for investors not focused on a single strategy [3] Group 3: Outlook and Future Expectations - The overall outlook for Vishay shows a broad downward trend in estimates, indicating a potential for an in-line return in the coming months, with a Zacks Rank of 3 (Hold) [4]

Core Insights - Vishay Intertechnology, Inc. has launched a new series of isolation amplifiers, the VIA0050DD, VIA0250DD, and VIA2000SD, aimed at enhancing performance in industrial, automotive, and medical applications [1][2]. Product Features - The VIA series offers a common-mode transient immunity (CMTI) of 150 kV/μs, ensuring robust performance in harsh environments [2]. - These amplifiers exhibit a low gain error of ± 0.05% and minimal gain drift of 15 ppm/°C, allowing for calibration-free, precise measurements over time and temperature [2]. - A bandwidth of 400 kHz is provided, enabling faster measurements compared to traditional opto-based isolation amplifiers [2]. Specific Models - The VIA0050DD is optimized for space-constrained environments, featuring a minimum CMTI of 100 kV/μs and a low differential input voltage of ± 50 mV, suitable for applications like power inverters and battery energy storage systems [4]. - The VIA0250DD allows for isolated current and voltage measurements with a wider differential input voltage of ± 250 mV [4]. - The VIA2000SD offers the highest signal-to-noise ratio (SNR) and bandwidth, making it ideal for high-fidelity signal transmission in complex environments [5]. Applications - The VIA series is designed for various applications, including bus voltage monitoring, AC motor controls, power and solar inverters, and uninterruptible power supplies (UPS) [6]. - These amplifiers ensure accurate measurements across high voltage potential dividers and precision shunts, facilitating monitoring of industrial motor drives and maintaining signal integrity in critical power systems [6]. Availability - Samples and production quantities of the VIA series amplifiers are currently available, with lead times ranging from 12 to 16 weeks [7].

Core Viewpoint - Wolfspeed is facing significant challenges despite being a leader in the SiC (Silicon Carbide) sector, with potential bankruptcy looming as the company restructures to improve operational efficiency and financial health [1][3]. Group 1: Company Overview - Wolfspeed has been a pioneer in the SiC field since the 1990s, introducing various sizes of SiC substrates [1]. - The company opened its first 8-inch wafer fab, Mohawk Valley Fab (MHV), in 2022, aiming to be the sole mass producer of SiC devices on this platform by 2025 [1]. - Currently, Wolfspeed's power SiC devices account for approximately 20% of its business, generating around $100 million in revenue in 2020 [3]. Group 2: Market Position and Challenges - By 2024, Wolfspeed's power SiC device revenue is projected to exceed 50% of its total income, growing nearly fourfold to approximately $400 million, positioning it as the fourth largest globally [3]. - The company is struggling to maintain revenue levels in 2024 due to a slowdown in the electric vehicle market, which is impacting the growth of the equipment segment [5]. - The rise of Chinese SiC substrate manufacturers has led to a significant drop in SiC wafer prices, decreasing by 30% in 2024, which has further complicated Wolfspeed's market position [6]. Group 3: Strategic Moves and Future Outlook - Wolfspeed has divested its LED and RF device businesses to focus on power SiC, indicating a potential for further business segmentation [9]. - The transition from a materials company to a device company presents high barriers, and significant capital expenditures will be necessary for future development [9]. - The strategic value of Wolfspeed's assets remains high, particularly in the context of U.S. national security and supply chain independence, as it operates the only fully automated 8-inch high-volume wafer fab owned by a U.S. company [9].

Core Viewpoint - Vishay Intertechnology, Inc. has introduced a new 80 V TrenchFET Gen IV n-channel power MOSFET, the SiEH4800EW, which offers superior thermal performance and efficiency for industrial applications [1][2]. Product Features - The SiEH4800EW features an on-resistance of 0.88 mΩ at 10 V, minimizing power losses and enhancing efficiency with a maximum RthJC of 0.36 °C/W [2]. - The device has a compact footprint of 8 mm by 8 mm, occupying 50% less PCB space compared to traditional MOSFETs in the TO-263 package, and has an ultra-low profile of 1 mm [2]. - A fused lead design increases the source PAD solderable area to 3.35 mm², which is four times larger than traditional PIN solder areas, reducing current density and enhancing robustness [3]. Applications - The MOSFET is suitable for synchronous rectification and OR-ing functionality, with applications including motor drive controls, power tools, welding equipment, plasma cutting machines, battery management systems, robotics, and 3D printers [4]. - It operates at high temperatures up to +175 °C and features a design that minimizes parasitic inductance while maximizing current capability [4]. Compliance and Testing - The device is RoHS-compliant and halogen-free, and it has undergone 100% Rg and UIS testing [4]. Availability - Samples and production quantities of the SiEH4800EW are currently available, with lead times of 13 weeks [7]. Company Overview - Vishay Intertechnology is a major manufacturer of discrete semiconductors and passive electronic components, serving various markets including automotive, industrial, computing, consumer, telecommunications, military, aerospace, and medical [8].

Core Viewpoint - Vishay Intertechnology, Inc. reported a first-quarter 2025 loss of 3 cents per share, which met the Zacks Consensus Estimate but was a decline from the previous year's earnings of 22 cents per share. Revenues of $715.2 million exceeded the Zacks Consensus Estimate by 0.74%, but represented a 4.2% year-over-year decline [1][2]. Financial Performance - The company's first-quarter adjusted EBITDA was $54.5 million, a decrease of 40.3% year over year, with an adjusted EBITDA margin contracting by 460 basis points to 7.6%. The operating margin fell to 0.1% from 5.7% in the year-ago quarter [6]. - Revenues from various segments showed mixed results: - MOSFETs generated $142.1 million, down 7.2% year over year [4]. - Diodes brought in $141 million, declining 5.4% year over year [4]. - Optoelectronics revenues increased by 4.1% to $51.2 million [4]. - Resistors fell 4.6% to $179.5 million [5]. - Inductors decreased by 5.2% to $84.1 million [5]. - Capacitors saw a slight decline of 0.4% to $117.4 million [5]. Stock Performance - The weak first-quarter performance led to a 9.8% drop in the company's share price, with a year-to-date decline of 28.4%, significantly underperforming the Zacks Computer and Technology sector's decline of 8.7% [2]. Guidance - For the second quarter, Vishay Intertechnology anticipates revenues of $760 million (plus or minus $20 million), with a Zacks Consensus Estimate of $738.4 million, indicating a year-over-year fall of 0.38%. The expected gross profit margin is 19.0% [9].

Automotive Grade Device Allows for Easier Integration Into Space-Constrained Designs, Offers High Resolution of 0.0026 lx/ct for Placement Behind Dark Cover Glass MALVERN, Pa., May 07, 2025 (GLOBE NEWSWIRE) -- Vishay Intertechnology, Inc. (NYSE: VSH) today introduced the industry's first AEC-Q100 qualified rectangular ambient light sensor. The Vishay Semiconductors VEML4031X00 features an ALS and highly sensitive IR photodiode in an opaque 4.38 mm by 1.45 mm surface-mount package with a low 0.6 mm profile. ...

Financial Data and Key Metrics Changes - Revenue for the first quarter was $715 million, flat compared to the fourth quarter, with a 2% increase in volume offset by a 1% decrease in average selling prices [28][29] - Gross profit was $136 million, resulting in a gross margin of 19%, which includes a negative impact from Newport of approximately 200 basis points [30] - GAAP loss per share was minus $0.03 compared to a loss of minus $0.49 in the fourth quarter [32] Business Line Data and Key Metrics Changes - Automotive revenue decreased by 2% versus the fourth quarter, reflecting lower average selling prices associated with new OEM contracts [13] - Industrial market revenue increased by 3% from the fourth quarter, driven by strong demand for smart grid infrastructure projects [15] - Aerospace and defense revenue declined by 5% quarter over quarter due to inventory management by distributor partners [16] Market Data and Key Metrics Changes - Book to bill ratio improved for semiconductors to 1.12 and held at 1.04 for passives, indicating positive order intake [10][29] - Distribution customer point of sale (POS) was up in all regions, with a 4% increase worldwide, reflecting improved inventory management [25] - Revenue in Europe increased by 8% sequentially, while The Americas saw a 6% decline in industrial sales [25] Company Strategy and Development Direction - The company is executing its five-year strategic plan, focusing on capacity expansion and leveraging growth levers to participate in market upturns [42][43] - Investments between $300 million to $350 million are planned for 2025, with at least 70% allocated to capacity expansion projects [44] - The company aims to enhance its product portfolio and customer engagement through innovation and strategic partnerships [51] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about growth in the second quarter, guided by strong demand signals and improved inventory levels [10][51] - The company is closely monitoring macroeconomic uncertainties and is prepared to adjust spending plans as necessary [52] - Future visibility remains uncertain, but there is confidence in sequential growth based on current demand trends [51] Other Important Information - The company has been charging tariff adders to customers since February 2018 to offset increased tariff costs, with minimal impact on gross profit [29][38] - The Newport facility is expected to reach gross margin neutrality by the first half of 2026 as production ramps up [68] Q&A Session Summary Question: Distribution inventory and demand pull - Management noted ongoing efforts to increase product SKUs with distributors, with improvements in POS observed in Europe and The Americas [55][56] Question: Tariff impact on revenue - Management explained that less than 4% of sales are from China, and they are providing customers with alternative manufacturing options to mitigate tariff impacts [62][63] Question: Newport Fab utilization and gross margin impact - Management indicated that Newport Fab utilization is expected to increase quarter on quarter, targeting gross margin neutrality by early 2026 [68][69] Question: Cyclical recovery trends - Management highlighted positive signals in smart grid, aerospace, and AI sectors, with no significant pull-ins observed [75][78] Question: AI business size and market share - The AI business saw more than double the volume in Q1 compared to Q4, with a strong design position across various components [82][83] Question: Outlook for the second half of the year - Management expressed optimism for the second half of 2025, with backlogs building and no negative adjustments in automotive scheduling agreements [85][86] Question: Gross margin outlook despite higher revenue - Management explained that while revenue is expected to increase, tariff impacts and ASP adjustments will keep gross margins relatively stable [88][89]

Financial Data and Key Metrics Changes - Revenue for the first quarter was $715 million, flat compared to the fourth quarter, with a 2% increase in volume offset by a 1% decrease in average selling prices [8][28] - Gross profit was $136 million, resulting in a gross margin of 19%, which includes a negative impact from Newport of approximately 200 basis points [30] - GAAP loss per share was minus $0.03 compared to a loss of minus $0.49 in the fourth quarter [32] Business Line Data and Key Metrics Changes - Automotive revenue decreased by 2% versus the fourth quarter, reflecting lower average selling prices associated with new OEM contracts [13] - Industrial market revenue increased by 3% from the fourth quarter, led by Europe, with strong demand for smart grid infrastructure projects [15] - Aerospace and defense revenue declined by 5% quarter over quarter due to inventory management by distributor partners [16] Market Data and Key Metrics Changes - Book to bill ratio improved for semiconductors to 1.12 and held at 1.04 for passives, indicating positive order intake [10][29] - Distribution revenue grew by 3%, while OEM and EMS revenue decreased due to market softness [22][23] - Revenue in Europe increased by 8% sequentially, while The Americas saw a 6% decline in industrial sales [25] Company Strategy and Development Direction - The company is executing its five-year strategic plan, focusing on capacity expansion and leveraging growth levers to participate in the next industry upcycle [43][44] - Plans to invest between $300 million to $350 million in 2025, with at least 70% allocated to capacity expansion projects [45] - The company aims to enhance its product portfolio through innovation and expand its market participation by working with subcontractors [49][50] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism for a 6% revenue increase in Q2 despite global economic uncertainties, supported by improving market signals [11][54] - The company is closely monitoring customer demand and production timing to adapt to potential market changes [54] - Positive signals during the first quarter support optimism for sequential growth, with demand aligning more closely with end market consumption [53] Other Important Information - The company has been charging tariff adders to customers since 2018 to offset increased tariff costs, with minimal impact on gross profit [29][38] - The Newport facility is expected to reach gross margin neutrality by the first half of 2026, with increasing volume quarter on quarter [70] Q&A Session Summary Question: Distribution and SKU Increase - Management noted ongoing efforts to increase SKUs with distributors, with improvements in POS observed in Europe and The Americas, while Asia remained flat [57][59] Question: Tariff Impact - Management explained that less than 4% of sales are from China to the US, and the tariffs have a minimal long-term impact due to alternative sourcing options [63][64] Question: Newport Fab Utilization - The Newport fab is expected to see increasing volume quarter on quarter, targeting gross margin neutrality by early 2026 [68][70] Question: Cyclical Recovery Trends - Management highlighted positive trends in smart grid and aerospace defense markets, with ongoing demand for AI-related projects [75][78] Question: AI Business Size and Market Share - The AI business saw more than double the volume in Q1 compared to Q4, with a strong design position across various components [83][84] Question: Second Half Outlook - Management expressed optimism for the second half of the year, with backlogs building and expectations for growth compared to the previous year [86][88]

Financial Data and Key Metrics Changes - Revenue for Q1 2025 was $715 million, flat compared to Q4 2024, with a 2% increase in volume offset by a 1% decrease in average selling prices [7][25] - Gross profit was $136 million, resulting in a gross margin of 19%, which includes a negative impact from Newport of approximately 200 basis points [28] - Book to bill ratio improved to 1.08, with semiconductors at 1.12 and passives at 1.04, marking the second consecutive quarter with a book to bill greater than one [27] Business Line Data and Key Metrics Changes - Automotive revenue decreased by 2% compared to Q4 2024, reflecting lower average selling prices due to new OEM contracts [11] - Industrial market revenue increased by 3% from Q4 2024, driven by strong demand for smart grid infrastructure projects [13] - Aerospace and defense revenue declined by 5% quarter over quarter, while medical market results were mixed, with improved orders in The Americas but mixed results in Europe and Asia [15][16] Market Data and Key Metrics Changes - Distribution customer point of sale (POS) was up in all regions, with a 4% increase worldwide, reflecting a normalization of inventory levels [8][22] - Revenue in Europe increased by 8% sequentially, while The Americas saw a 6% decline in industrial sales [23] - AI-related shipments increased significantly, more than doubling compared to Q4 2024, indicating strong demand for AI servers and related products [80] Company Strategy and Development Direction - The company is executing its five-year strategic plan, focusing on capacity expansion and leveraging growth levers to participate in market upturns [40][41] - Plans to invest between $300 million to $350 million in 2025, with at least 70% allocated to capacity expansion projects [42] - The company aims to enhance its product portfolio and customer engagement through innovation and strategic partnerships [50] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism for a 6% revenue increase in Q2 2025 despite global economic uncertainties, citing improved order intake and inventory normalization [9][51] - The second half of 2025 is expected to show better performance than the first half, with positive signals from various markets [84] - Management remains cautious about macroeconomic uncertainties but is prepared to adjust spending plans as necessary [51] Other Important Information - The company has implemented procedures to pass along tariff costs to customers, with minimal direct impact on Q2 results from recent tariff changes [9][35] - Free cash flow for Q1 2025 was negative $45 million, with expectations of continued negative free cash flow in 2025 due to capacity expansion plans [33][38] Q&A Session Summary Question: Distribution inventory and demand pull - Management noted ongoing efforts to increase product SKUs with distributors, with improvements in POS observed in Europe and The Americas, while inventory levels have normalized [54][56] Question: Tariff impact on revenue - Management explained that less than 4% of sales are from China, and the impact of tariffs is expected to contribute 1% to 2% to revenue, with a minimal effect on gross profit [59][60] Question: Newport Fab utilization and gross margin impact - Management indicated that Newport Fab utilization is expected to increase gradually, targeting gross margin neutrality by early 2026 [65][66] Question: Cyclical recovery trends - Management highlighted positive signals in smart grid and aerospace defense markets, with expectations for continued growth in AI and industrial sectors [72][78] Question: AI business size and market share - Management reported that AI-related shipments in Q1 were more than double those in Q4, with a strong design position across various components [80][81] Question: Outlook for the second half of the year - Management expressed optimism for the second half of 2025, with backlogs building and no negative adjustments in automotive scheduling agreements [83][84]

分组1 - Vishay Intertechnology reported a quarterly loss of $0.03 per share, matching the Zacks Consensus Estimate, compared to earnings of $0.22 per share a year ago [1] - The company posted revenues of $715.24 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 0.74%, but down from $746.28 million year-over-year [2] - Vishay shares have declined approximately 20.7% since the beginning of the year, while the S&P 500 has decreased by 4.7% [3] 分组2 - The earnings outlook for Vishay is mixed, with the current consensus EPS estimate at $0.08 on revenues of $738.4 million for the coming quarter and $0.53 on $3.05 billion in revenues for the current fiscal year [7] - The Zacks Industry Rank for Semiconductor - Discretes is currently in the bottom 15% of over 250 Zacks industries, indicating potential challenges for stock performance [8]