Vishay Intertechnology Q2 Results Surpass Street Expectations
Portfolio Pulse from Akanksha Bakshi
Vishay Intertechnology Inc (NYSE:VSH) reported Q2 FY23 net revenue growth of 3.3% Y/Y to $892.11 million, surpassing the consensus of $879.69 million. However, gross margin contracted 140 bps Y/Y to 28.9% and operating margin contracted 238 bps Y/Y to 15.1%. Adjusted EBITDA declined 10.5% Y/Y to $177.97 million. The company held ~$1.1 billion in cash and equivalents. For Q3 FY23, Vishay expects revenue of $840 million-$880 million.
August 09, 2023 | 3:06 pm
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Vishay Intertechnology's Q2 FY23 results surpassed expectations, but margins contracted and EBITDA declined. The company's Q3 FY23 revenue outlook is below the analyst consensus.
While Vishay's Q2 FY23 results beat expectations, the contraction in margins and decline in EBITDA could be concerning for investors. Additionally, the company's Q3 FY23 revenue outlook is below the analyst consensus, which could potentially impact the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100