Vishay Intertechnology (VSH) Reports Q1: Everything You Need To Know Ahead Of Earnings

Jabin Bastian /
2023/05/09 4:29 am EDT

Semiconductor manufacturer Vishay Intertechnology (NYSE:VSH) will be reporting earnings tomorrow before market open. Here's what investors should know.

Last quarter Vishay Intertechnology reported revenues of $855.3 million, up 1.45% year on year, missing analyst expectations by 3.1%. It was a weak quarter for the company, with underwhelming revenue guidance for the next quarter and a miss of the top line analyst estimates.

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This quarter analysts are expecting Vishay Intertechnology's revenue to decline 0.93% year on year to $845.8 million, a further deceleration on the 11.7% year-over-year decrease in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.56 per share.

Vishay Intertechnology Total Revenue

Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company missed Wall St's revenue estimates four times over the last two years.

Looking at Vishay Intertechnology's peers in the analog semiconductors segment, some of them have already reported Q1 earnings results, giving us a hint of what we can expect. ON Semiconductor delivered top-line growth of 0.76% year on year, beating analyst estimates by 1.79% and Impinj reported revenues up 61.6% year on year, exceeding estimates by 2.76%. ON Semiconductor traded up 4.48% on the results, Impinj was down 20%. Read our full analysis of ON Semiconductor's results here and Impinj's results here.

Triggered by the Federal Reserve's hawkish stance on interest rates, shares of technology companies have been facing sell-off in 2022 and while some of the analog semiconductors stocks have fared somewhat better, they have not been spared, with share price declining 6.49% over the last month. Vishay Intertechnology is down 1.33% during the same time, and is heading into the earnings with analyst price target of $21.3, compared to share price of $21.5.

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The author has no position in any of the stocks mentioned.