MALVERN, PA — Vishay Intertechnology, Inc. (NYSE: VSH) reported third-quarter 2025 revenue of $790.6 million, reflecting steady demand in smart-grid infrastructure, AI power, automotive, and aerospace/defense as markets gradually recover.
Gross margin was 19.5%, which included an approximately 150-basis-point negative impact related to Newport. GAAP loss per share was $(0.06) and adjusted EPS was $0.04. The consolidated book-to-bill ratio was 0.97 (semiconductors 0.96; passive components 0.98). Quarter-end backlog stood at 4.4 months.
“Our third quarter revenue growth demonstrates Vishay’s alignment with high growth markets including smart grid infrastructure, AI related power requirements, automotive and aerospace/defense while the market overall continues to gradually recover,” said Joel Smejkal, president and CEO. “The heavy investments in capacity expansion we have made over the past three years are enabling Vishay to capitalize on market upcycles in these high growth markets, reliably meeting quick turn delivery requirements while maintaining competitive lead times.”
Outlook: For Q4 2025, management forecasts revenue of $790 million ± $20 million and a gross profit margin of 19.5% ± 50 basis points, which includes an estimated 150–175 basis-point negative impact related to Newport.
Vishay said its recent capacity investments are intended to position the company for upcycles across target markets while maintaining competitive lead times despite near-term margin pressure from Newport.
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