Vishay Intertechnology Inc.
Vishay Intertechnology Reports Fiscal Q2 2024 Results with Lower Earnings
Summary
Vishay Intertechnology, Inc. reported financial results for the second quarter and first half of 2024. The company announced a revenue of $741.2 million for Q2 2024, with a gross margin of 22.0% and EPS of $0.17. For the first half of 2024, net revenues were $1,487.5 million, and net earnings attributable to Vishay stockholders were $54.5 million. The company expects Q3 2024 revenues to be in the range of $745 million +/- $20 million.
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About Vishay Intertechnology Inc.
Vishay Intertechnology Inc., a leading electronic components manufacturer, plays a crucial role in the technology and electronics sectors. The company specializes in manufacturing a vast array of discrete semiconductors, including rectifiers and diodes, as well as passive components such as capacitors and resistors. These components are essential for the development and function of various electronic devices and systems across industries. As electronics become increasingly integral to modern life, Vishay's products find applications in consumer electronics, automotive, industrial, and telecommunications markets. Headquartered in Malvern, Pennsylvania, Vishay Intertechnology Inc. consistently invests in research and development to advance component efficiency and technology, reinforcing its standing within the global electronics supply chain. Established in 1962, the company has grown to be a significant supplier in the electronics market worldwide, providing critical components that enable advanced technological innovations.
Official SEC Documents
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