From The Motley Fool: 2024-05-08 08:40:24

Vishay Intertechnology reported Q1 CY2024 results surpassing analysts’ expectations with a revenue of $746.3 million, down 14.3% year on year. However, next quarter’s revenue guidance of $750 million fell short of estimates, and GAAP profit per share dropped to $0.22. The company attributed the revenue decline to semiconductor inventory digestion and macro-economic uncertainties in Asia and Europe. Vishay Intertechnology manufactures analog chips that serve as electronic building blocks and has seen average revenue growth of 8.5% annually. The company’s inventory days outstanding increased to 105 this quarter, indicating higher inventory levels. Despite beating revenue estimates, Vishay Intertechnology faces a challenging downcycle, projecting a 15.9% revenue decline next quarter. The company’s stock currently trades at $22.97 per share, and investors should tread cautiously considering the mixed results and industry challenges.



Read more at The Motley Fool: Vishay Intertechnology’s (NYSE:VSH) Q1 Sales Top Estimates But Quarterly Guidance Underwhelms