Vishay Intertechnology Reports $762.3M Revenue, $2.1M Net Loss for Fiscal Quarter Ended June 28, 2025

Vishay Intertechnology, Inc. reported its financial results for the fiscal quarter and six months ended June 28, 2025, revealing a net revenue of $762.3 million, a 2.8% increase from $741.2 million in the same quarter of the previous year. However, the company experienced a net loss attributable to Vishay stockholders of $2.1 million, or $(0.02) per share, compared to net earnings of $54.5 million, or $0.40 per share, for the same period last year. The decline in profitability was attributed to increased costs and lower average selling prices, which impacted gross profit margins, which fell to 19.5% from 22.0% year-over-year.

In terms of operational performance, Vishay's total assets increased to $4.22 billion as of June 28, 2025, up from $4.11 billion at the end of 2024. The company’s cash and cash equivalents decreased to $473.9 million from $590.3 million, while accounts receivable rose to $461.8 million from $401.9 million, indicating a potential increase in sales volume. The company’s inventory levels also increased, with total inventories rising to $754.9 million from $689.4 million, reflecting a strategic decision to prepare for anticipated demand.

Vishay has been actively pursuing strategic initiatives, including a restructuring program initiated in September 2024 aimed at optimizing its manufacturing footprint. The company has also focused on expanding its production capabilities, particularly in high-growth product lines, with planned capital expenditures between $300 million and $350 million for 2025. This includes investments in wafer fab expansions and other capacity enhancement projects. The company’s stockholder return policy, established in 2022, aims to return at least 70% of free cash flow to shareholders, although negative free cash flow is expected for the fiscal year due to high capital expenditures.

Geographically, Vishay's revenue distribution showed strong performance in Asia, which accounted for $317.5 million in the latest quarter, up from $283.5 million a year earlier. However, revenues from Europe and the Americas saw slight declines. The company reported a book-to-bill ratio above 1.0 for the third consecutive quarter, indicating a positive outlook for future revenue growth. Despite the challenges faced in the current economic environment, Vishay remains committed to its long-term growth strategy, focusing on enhancing its product offerings and expanding its market presence.

Looking ahead, Vishay anticipates continued volatility in the semiconductor market, influenced by global economic conditions and demand fluctuations. The company is closely monitoring its operational metrics and adjusting its strategies accordingly to navigate these challenges. Management remains optimistic about the long-term prospects of the business, emphasizing the importance of capacity expansion and strategic investments to drive future growth and enhance shareholder value.