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Jun 29, 2024
Vishay Q2 2024 Earnings Report
Reported a decrease in revenue due to schedule agreement adjustments by automotive Tier 1 customers, but executed well on its Vishay 3.0 strategic plan.
Key Takeaways
Vishay Intertechnology reported Q2 2024 revenues of $741.2 million and EPS of $0.17. The company's book-to-bill ratio was 0.86, with 0.82 for semiconductors and 0.90 for passive components. The gross margin was 22.0%, impacted negatively by the addition of Newport.
Q2 2024 revenues reached $741.2 million.
Earnings per share (EPS) stood at $0.17.
The book-to-bill ratio for Q2 2024 was 0.86.
Backlog at the end of the quarter represented 4.6 months.
Forward Guidance
For the third quarter of 2024, Vishay expects revenues in the range of $745 million +/- $20 million, with gross profit margin in the range of 21.0% +/- 50 basis points, including the negative impact of approximately 175 to 200 basis points from the addition of Newport.
Positive Outlook
- Revenue is expected to be in the range of $725 million to $765 million.
- Gross profit margin is expected to be approximately 20.5% to 21.5%.
Challenges Ahead
- Gross profit margin will be negatively impacted by approximately 175 to 200 basis points due to the addition of Newport.
- Industry recovery is taking longer than previously expected, leading to adjustments in expansion project timelines.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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