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Sep 30, 2023
Vishay Q3 2023 Earnings Report
Vishay's revenue decreased due to inventory adjustments by distribution and EMS customers, but EPS exceeded expectations.
Key Takeaways
Vishay Intertechnology reported Q3 2023 results with revenues of $853.7 million and EPS of $0.47. The company intentionally increased inventory with distribution partners and signed an agreement to acquire Newport wafer fab.
Q3 2023 revenues reached $853.7 million.
Q3 2023 EPS was $0.47, with an adjusted EPS of $0.60.
The book-to-bill ratio for Q3 2023 was 0.63.
Vishay signed a purchase agreement to acquire Newport wafer fab.
Forward Guidance
For the fourth quarter of 2023, Vishay expects revenues between $770 million and $810 million, and a gross profit margin in the range of 25.5% +/- 50 basis points.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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