MALVERN, PA — Vishay Intertechnology, Inc. (NYSE: VSH) has announced its financial results for the fiscal first quarter, which ended on March 29, 2025. Despite challenges in the market, the company recorded total revenues of $715.2 million and maintained a backlog of 4.7 months, supported by a book-to-bill ratio of 1.08 across its portfolio.
Gross margin for the quarter came in at 19.0%, reflecting a 200-basis-point impact due to the addition of Newport. The company reported a loss per share of ($0.03) for the period, underscoring the focus on its long-term strategic growth.
“Much of the inventory imbalance in the channel has now normalized,” said Joel Smejkal, President and CEO of Vishay. “We executed well this quarter against our key initiatives to accelerate revenue growth and enhance profitability. Moving forward, we remain agile against evolving market conditions, tariff policies, and demand uncertainties while ensuring reliable supply chains for our customers.”
Smejkal emphasized the company’s proactive investment in capacity over the last two years, which he said positions Vishay to capitalize on potential market rebounds.
Vishay’s financial guidance for the second quarter includes expected revenues between $760 million +/- $20 million, which would signal a sequential revenue increase of approximately 6%. The company forecasts a gross margin of 19.0% +/- 50 basis points, factoring in a 175-200 basis point impact from the integration of Newport and anticipated tariff effects.
With a strengthened foundation and resilient strategic approach, Vishay remains poised to drive growth in the coming quarter while addressing market fluctuations and customer demands.
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