10-K · February 13, 2026
Vishay 2025 10-K reiterates the Vishay 3.0 strategy: multi‑year capacity expansion (internal and external), increased R&D/technical headcount, and targeted M&A to capture electrification, A.I., and 5G opportunities. The…
Earnings analysis · 10-Q
VSH earnings analysis
Filed May 13, 2026 · Our reading of the company's report
The latest report
Vishay Intertechnology reported solid Q1 2026 results, with revenues of $839.2 million and EPS of $0.05, both surpassing market expectations. The company experienced significant revenue growth compared to prior periods…
Read full summary
Vishay Intertechnology reported solid Q1 2026 results, with revenues of $839.2 million and EPS of $0.05, both surpassing market expectations. The company experienced significant revenue growth compared to prior periods driven by increased sales volume and improved margins despite challenges from rising costs.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
From revenue to operating profit
Where each $100 of revenue went in this report.
Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.05
- Segment
- MOSFETs
- Segment
- Diodes
- Segment
- Optoelectronic Components
- Segment
- Resistors
- Segment
- Inductors
- Segment
- Capacitors
What stood out
-
Revenue Increased to $839.2M
Net revenues rose by 4.8% from $800.9M in the prior quarter and 17.3% from $715.2M in the prior year.
-
Gross Margin Improved to 21.0%
Gross margin increased from 19.6% in the prior quarter and 19.0% in the prior year.
-
Positive EPS of $0.05
Diluted EPS improved from a loss of $0.01 in the prior quarter and a loss of $0.03 in the prior year.
-
MOSFET Segment Revenues Up 22.4%
Net revenues in the MOSFETs segment increased to $173.99M from $142.11M in the prior year.
-
Diodes Segment Revenue Increased by 16.1%
The Diodes segment saw revenues of $163.67M, up from $140.96M in the previous year.
-
Strong Cash Flow from Operations
Operating cash flow was $63.7M compared to $16.1M in the prior year.
What to watch
-
Negative Free Cash Flow
Free cash flow for Q1 2026 was -$46.93M, a decline from $54.87M in the prior quarter.
-
High Capital Expenditures Affecting Cash Flow
Capex for Q1 2026 reached $110.66M, significantly higher than $61.57M in the prior year.
-
Economic Uncertainty Impacting Demand
Management cites global economic conditions as a continuing risk to revenue stability.
Management's outlook
Management expects Q2 2026 revenues between $875M and $905M with gross margins around 22%.
Earlier filings 4
10-K · February 14, 2025
Vishay positions itself as a broad, long-standing leader in discrete semiconductors and passive components and is executing a multi-year capacity expansion and product-innovation plan under its 'Vishay 3.0' strategy…
10-Q · November 6, 2024
Vishay reported Q3 revenue of $735,353,000 and a GAAP diluted loss per share of $(0.14), a material decline versus the year-ago quarter. Gross profit fell to $150,883,000 and the company recorded a $40,614,000…
10-Q · November 8, 2023
Vishay reported quarterly revenue of $853,653,000 (down from $924,798,000 a year ago) and diluted EPS of $0.47 (down from $0.98). Liquidity improved materially — cash and cash equivalents rose to $1,095,119,000 — while…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.