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Dec 31, 2022
Vishay Q4 2022 Earnings Report
Vishay's Q4 2022 earnings were released, showing a slight revenue increase year-over-year but a decrease compared to the previous quarter, influenced by an inventory correction.
Key Takeaways
Vishay Intertechnology reported Q4 2022 revenues of $855.3 million, a 1.5% increase compared to Q4 2021 but a 7.5% decrease compared to Q3 2022. GAAP EPS was $0.51, and adjusted EPS was $0.69.
Q4 2022 revenues reached $855.3 million, up 1.5% year-over-year but down 7.5% from the previous quarter.
GAAP EPS for Q4 2022 was $0.51, with adjusted EPS at $0.69.
The company experienced indications of an inventory correction during the fourth quarter, impacting revenues and gross profit margin.
Vishay anticipates a narrow inventory correction in the first half of the year, particularly in the automotive and industrial end markets.
Forward Guidance
For the first quarter of 2023, management expects revenues in the range of $825 million and $865 million and a gross profit margin in the range of 28.0% +/- 50 basis points.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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