Vishay reports Q2 adjusted EPS (7c) vs 17c last year

Reports Q2 revenue $762.3M, consensus $756.07M. “The promising signals we saw emerging at the beginning of the year contributed to a 7% sequential increase in revenue for the second quarter. We delivered growth for semis and passives, across each of our end markets, each region, and to distributors and EMS customers,” said Joel Smejkal, president and CEO. “With market indicators remaining directionally positive, our investments in capacity expansion positions Vishay (VSH) to be ready to participate more fully in the market upturn.”