Vishay reports Q1 adjusted EPS (3c), consensus (2c)

Reports Q1 revenue $715.2M, consensus $713.5M. “Market signals, which continued from the fourth quarter, indicate that much of the channel inventory that overhung the market has normalized. We executed well during the first quarter on our strategic levers to drive faster revenue growth and improve profitability. We are prepared to navigate evolving tariff policies and any demand uncertainties, staying in close contact with our customers to assure them of reliable supply and making adjustments to our spending as necessary,” said Joel Smejkal, president and CEO. “The investments we have made in capacity over the past two years better position Vishay (VSH) for a market upturn and support our decision to guide for a sequential revenue increase of 6%.”