Earnings To Watch: Vishay Intertechnology (VSH) Reports Q3 Results Tomorrow
Semiconductor manufacturer Vishay Intertechnology (NYSE:VSH) will be reporting earnings tomorrow before market open. Here's what to look for.
Last quarter Vishay Intertechnology reported revenues of $892.1 million, up 3.3% year on year, beating analyst revenue expectations by 1.2%. It was a slower quarter for the company, with underwhelming revenue guidance for the next quarter and a decline in its gross margin.
Is Vishay Intertechnology buy or sell heading into the earnings? Read our full analysis here, it's free.
This quarter analysts are expecting Vishay Intertechnology's revenue to decline 6.5% year on year to $864.4 million, a further deceleration on the 13.7% year-over-year decrease in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.57 per share.
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 three times over the last two years.
Looking at Vishay Intertechnology's peers in the analog semiconductors segment, some of them have already reported Q3 earnings results, giving us a hint what we can expect. Skyworks Solutions's revenues decreased 13.4% year on year, beating analyst estimates by 0.3% and Magnachip reported revenue decline of 14% year on year, missing analyst estimates by 1%. Skyworks Solutions traded down 7.0% on the results, Magnachip was flat on the results.
Read our full analysis of Skyworks Solutions's results here and Magnachip's results here.
Tech stocks have had a rocky start since 2022 and while some of the analog semiconductors stocks have fared somewhat better, they have not been spared, with share price declining 5.2% over the last month. Vishay Intertechnology is down 4.5% during the same time, and is heading into the earnings with analyst price target of $24.8, compared to share price of $23.03.
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The author has no position in any of the stocks mentioned.
