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MALVERN, Pa. - On Wednesday, Vishay Intertechnology, Inc. (NYSE:VSH) reported third-quarter 2025 results that exceeded analyst expectations, with revenue and earnings surpassing consensus estimates despite ongoing challenges.
Shares of Vishay traded marginally lower by 0.12% in pre-market trading following the announcement.
The electronic components manufacturer posted adjusted earnings per share of $0.04, beating the analyst estimate of $0.03, while revenue reached $790.6 million, surpassing the consensus estimate of $778.2 million. Revenue increased from $762.25 million in the previous quarter and improved 7.5% compared to $735.35 million in the same quarter last year.
"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 of Vishay.
The company reported a book-to-bill ratio of 0.97 for the quarter, with semiconductors at 0.96 and passive components at 0.98. Gross margin for the quarter was 19.5%, which included a negative impact of approximately 150 basis points related to Newport.
For the fourth quarter of 2025, Vishay provided guidance for revenues in the range of $790 million plus or minus $20 million, slightly above the consensus estimate of $787 million. The company expects gross profit margin to remain at 19.5% plus or minus 50 basis points, including a negative impact of approximately 150 to 175 basis points related to Newport.
Smejkal highlighted the company’s strategic investments, noting, "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."
Despite the positive quarterly results, Vishay reported a GAAP loss per share of $0.06 for the quarter, primarily due to tax expenses and other charges.
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