MALVERN, PA — Vishay Intertechnology, Inc. (NYSE: VSH) reported second-quarter revenue of $762.3 million, marking a 7% sequential increase as both semiconductor and passive component sales saw improvement across all major markets and regions. Despite the topline growth, profitability remained under pressure due to integration costs from its Newport acquisition and broader market normalization.
Gross margin for the quarter stood at 19.5%, impacted by approximately 160 basis points tied to the addition of Newport. Net income per share was minimal at $0.01, while adjusted loss per share came in at $(0.07), reflecting near-term cost burdens and operational adjustments.
Book-to-bill ratio for the quarter was 1.02 overall, with semiconductor bookings at 0.98 and passives at 1.06—indicating continued strength in customer demand, particularly for passive components. Vishay’s backlog remains healthy at 4.6 months, providing short-term revenue visibility.
“The promising signals we saw emerging at the beginning of the year contributed to a 7% sequential increase in revenue for the second quarter,” said Joel Smejkal, President and CEO of Vishay. “We delivered growth for semis and passives, across each of our end markets, each region, and to distributors and EMS customers.”
Looking ahead, Vishay is projecting third-quarter revenue in the range of $775 million, plus or minus $20 million, and a gross margin of approximately 19.7%, again including a negative margin impact from Newport in the range of 160 to 185 basis points.
Management continues to focus on scaling capacity in anticipation of a broader industry upturn, citing favorable directional trends across end markets. The company believes its ongoing investments will position it to benefit more fully as global demand stabilizes and improves.
While Vishay’s Q2 results reflect early signs of recovery, the path to sustained profitability will depend on continued demand strength, effective integration of Newport, and margin stabilization in the quarters ahead.
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