Let’s dig into the relative performance of Littelfuse (NASDAQ: LFUS) and its peers as we unravel the now-completed Q4 electronic components earnings season.
Like many equipment and component manufacturers, electronic components companies are buoyed by secular trends such as connectivity and industrial automation. More specific pockets of strong demand include data centers and telecommunications, which can benefit companies whose optical and transceiver offerings fit those markets. But like the broader industrials sector, these companies are also at the whim of economic cycles. Consumer spending, for example, can greatly impact these companies’ volumes.
The 10 electronic components stocks we track reported a mixed Q4. As a group, revenues beat analysts’ consensus estimates by 3.1% while next quarter’s revenue guidance was in line.
While some electronic components stocks have fared somewhat better than others, they have collectively declined. On average, share prices are down 3% since the latest earnings results.
Littelfuse (NASDAQ: LFUS)
The developer of the first blade-type automotive fuse, Littelfuse (NASDAQ: LFUS) provides electrical protection and control components for the automotive, industrial, electronics, and telecommunications industries.
Littelfuse reported revenues of $529.5 million, flat year on year. This print exceeded analysts’ expectations by 1%. Despite the top-line beat, it was still a slower quarter for the company with EPS guidance for next quarter missing analysts’ expectations significantly and a miss of analysts’ EBITDA estimates.
“Our fourth quarter performance, which was in-line with our expectations, reflects ongoing operational execution and our steadfast commitment to our diverse and global customer base,” said Dave Heinzmann, Littelfuse President and Chief Executive Officer.
The stock is down 3.4% since reporting and currently trades at $216.24.
Read our full report on Littelfuse here, it’s free.
Best Q4: Advanced Energy (NASDAQ: AEIS)
Pioneering technologies for radio frequency power delivery, Advanced Energy (NASDAQ: AEIS) provides power supplies, thermal management systems, and measurement and control instruments for various manufacturing processes.
Advanced Energy reported revenues of $415.4 million, up 2.5% year on year, outperforming analysts’ expectations by 5.5%. The business had an exceptional quarter with an impressive beat of analysts’ EBITDA estimates.
Although it had a fine quarter compared to its peers, the market seems unhappy with the results as the stock is down 3.7% since reporting. It currently trades at $107.05.
Is now the time to buy Advanced Energy? Access our full analysis of the earnings results here, it’s free.
Slowest Q4: Vishay Precision (NYSE: VPG)
Emerging from Vishay Intertechnology in 2010, Vishay Precision (NYSE: VPG) operates as a global provider of precision measurement and sensing technologies.
Vishay Precision reported revenues of $72.65 million, down 18.8% year on year, falling short of analysts’ expectations by 1.3%. It was a disappointing quarter as it posted a significant miss of analysts’ EBITDA and EPS estimates.
Vishay Precision delivered the slowest revenue growth in the group. As expected, the stock is down 2% since the results and currently trades at $23.50.
Read our full analysis of Vishay Precision’s results here.
Allient (NASDAQ: ALNT)
Founded in 1962, Allient (NASDAQ: ALNT) develops and manufactures precision and specialty-controlled motion components and systems.
Allient reported revenues of $122 million, down 13.5% year on year. This number beat analysts’ expectations by 1.9%. Aside from that, it was a satisfactory quarter as it also produced a solid beat of analysts’ EPS estimates but a significant miss of analysts’ EBITDA estimates.
The stock is up 2.9% since reporting and currently trades at $24.49.
Read our full, actionable report on Allient here, it’s free.
nLIGHT (NASDAQ: LASR)
Founded by a former CEO and Harvard-educated entrepreneur Scott Keeneyn, nLIGHT (NASDAQ: LASR) offers semiconductor and fiber lasers to the industrial, aerospace & defense, and medical sectors.
nLIGHT reported revenues of $47.38 million, down 8.7% year on year. This print came in 3.7% below analysts' expectations. It was a slower quarter as it also logged a significant miss of analysts’ EBITDA and EPS estimates.
nLIGHT had the weakest performance against analyst estimates among its peers. The stock is down 7.4% since reporting and currently trades at $8.40.
Read our full, actionable report on nLIGHT here, it’s free.
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