NYSE$VSH
Vishay Intertechnology Inc · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Reported increased revenue and EPS compared to the previous quarter and year-ago quarter, despite challenges from a stronger US dollar and COVID-related shutdowns in Shanghai.
Vishay Intertechnology reported Q2 2022 results with revenues of $863.5 million and EPS of $0.78. The company's performance exceeded expectations despite a stronger US dollar and COVID-related shutdowns in Shanghai. Margins were positively impacted by a temporary inventory build. The company issued Q3 2022 revenue guidance of $860 to $900 million and gross margin of 29.0% +/- 50 basis points.
- Revenues for Q2 2022 reached $863.5 million, surpassing the $853.8 million in the previous quarter and $819.1 million in the year-ago quarter.
- Net earnings attributable to Vishay stockholders for Q2 2022 were $112.4 million, or $0.78 per diluted share.
- Adjusted earnings per diluted share for Q2 2022 were $0.82, compared to $0.71 for the previous quarter and $0.61 for the year-ago quarter.
- The company is guiding for Q3 2022 revenues in the range of $860 to $900 million with a gross margin of 29.0% plus/minus 50 basis points.
Headline financials
Revenue & EPS history
Vishay · Revenue · Quarterly
$864M
Forward guidance
For the third quarter of 2022, Vishay anticipates revenues between $860 million and $900 million, with a gross margin of 29.0% plus or minus 50 basis points, assuming an exchange rate of the US dollar to the Euro of 0.98.
Tailwinds
- Revenue guidance between $860 million and $900 million.
- Gross margin of 29.0% plus or minus 50 basis points.
- Anticipates normalizing inventory in the second half of the year.
- Turns of the inventory of the company's products at distribution were at a good level of 3.6.
- Dr. Gerald Paul mentioned that margins were positively impacted by a temporary inventory build.
Headwinds
- Guidance assumes an exchange rate of the US dollar to the Euro of 0.98.
- Prolonged COVID related shutdowns in Shanghai.
- Margins were positively impacted by a temporary inventory build, which we anticipate normalizing in the second half of the year.
- General business and economic conditions.
- Manufacturing or supply chain interruptions or changes in customer demand because of COVID-19 or otherwise.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q2 2022
-0.2%
Avg return
Earnings day
+0.4%
Avg return
5 days after
+3.1%
Avg return
30 days after
47%
32 / 68 earnings
Positive
+15.3%
Q1 2023
Best reaction
-13.7%
Q1 2020
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +4.6% | +9.8% | +76.0% | |
| Q4 2025 | +5.0% | -6.1% | -19.5% | |
| Q3 2025 | -4.9% | -8.8% | -5.6% | |
| Q1 2025 | -9.8% | +9.7% | +12.8% | |
| Q4 2024 | +9.9% | +1.7% | +6.9% | |
| Q3 2024 | +5.0% | +1.9% | +6.7% | |
| Q2 2024 | -6.1% | -8.6% | -14.0% | |
| Q1 2024 | +0.3% | -1.1% | -1.5% | |
| Q4 2023 | +1.3% | +4.4% | +7.6% | |
| Q3 2023 | -7.2% | -6.8% | +0.7% | |
| Q2 2023 | -1.1% | +0.2% | -8.2% | |
| Q1 2023 | +15.3% | +14.9% | +29.1% | |
| Q4 2022 | -13.2% | -12.7% | -10.9% | |
| Q3 2022 | -6.2% | +0.1% | +7.6% | |
| Q2 2022 | +1.6% | +0.6% | -5.9% | |
| Q1 2022 | +5.1% | +0.3% | +9.3% | |
| Q4 2021 | -1.2% | -3.8% | -9.8% | |
| Q3 2021 | -2.3% | +0.0% | +0.3% | |
| Q2 2021 | +2.4% | +1.3% | -6.7% | |
| Q1 2021 | -0.7% | +2.1% | -2.0% | |
| Q4 2020 | -6.1% | -2.8% | +1.7% | |
| Q3 2020 | +0.4% | +6.7% | +18.7% | |
| Q2 2020 | +6.0% | +4.2% | +0.6% | |
| Q1 2020 | -13.7% | -13.4% | -8.4% | |
| Q4 2019 | +3.9% | +1.5% | -9.5% | |
| Q3 2019 | +7.7% | +6.8% | +6.9% | |
| Q2 2019 | -3.0% | -5.2% | -9.8% | |
| Q1 2019 | -8.3% | -9.1% | -15.8% | |
| Q4 2018 | +11.0% | +10.7% | +2.3% | |
| Q3 2018 | +6.8% | +13.1% | +19.3% | |
| Q2 2018 | -2.4% | -6.5% | -11.3% | |
| Q1 2018 | +14.0% | +13.4% | +32.8% | |
| Q4 2017 | -10.0% | -16.4% | -8.1% | |
| Q3 2017 | +0.9% | +3.0% | +6.7% | |
| Q2 2017 | +0.0% | +0.3% | +0.6% | |
| Q1 2017 | +1.5% | +3.1% | +2.8% | |
| Q4 2016 | -6.3% | -2.7% | -3.6% | |
| Q3 2016 | +3.2% | +6.5% | +12.3% | |
| Q2 2016 | -0.2% | +3.1% | +8.4% | |
| Q1 2016 | +2.5% | — | — | |
| Q4 2015 | +5.7% | — | — | |
| Q3 2015 | +6.8% | — | — | |
| Q2 2015 | -3.9% | — | — | |
| Q1 2015 | -3.3% | — | — | |
| Q4 2014 | -0.1% | — | — | |
| Q3 2014 | -3.6% | — | — | |
| Q2 2014 | +0.3% | — | — | |
| Q1 2014 | -0.1% | — | — | |
| Q4 2013 | -0.4% | — | — | |
| Q3 2013 | -6.9% | — | — | |
| Q2 2013 | -4.0% | — | — | |
| Q1 2013 | +5.4% | — | — | |
| Q4 2012 | +9.9% | — | — | |
| Q3 2012 | -5.9% | — | — | |
| Q2 2012 | +12.3% | — | — | |
| Q1 2012 | +5.2% | — | — | |
| Q4 2008 | +0.2% | — | — | |
| Q4 2011 | +0.2% | — | — | |
| Q4 2010 | +0.2% | — | — | |
| Q3 2011 | -1.1% | — | — | |
| Q2 2011 | -4.6% | — | — | |
| Q1 2010 | -11.1% | — | — | |
| Q1 2011 | -2.3% | — | — | |
| Q2 2010 | +0.8% | — | — | |
| Q3 2010 | +0.0% | — | — | |
| Q3 2009 | +0.0% | — | — | |
| Q4 2009 | -9.3% | — | — | |
| Q2 2009 | -9.3% | — | — |
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