Vishay Intertechnology (NYSE:VSH) Releases Earnings Results, Beats Estimates By $0.02 EPS

Vishay Intertechnology (NYSE:VSH) announced its quarterly earnings data on Wednesday. The semiconductor company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.02, Zacks reports. Vishay Intertechnology had a negative net margin of 0.29% and a negative return on equity of 0.32%. The business had revenue of $839.24 million for the quarter, compared to the consensus estimate of $823.54 million. During the same quarter in the prior year, the firm posted ($0.03) earnings per share. The company’s quarterly revenue was up 17.3% compared to the same quarter last year.

Here are the key takeaways from Vishay Intertechnology’s conference call:

• Vishay reported Q1 revenue of $839 million, above guidance and up 17.3% year over year, with growth across all end markets, channels, and regions. Management said stronger demand, inventory replenishment, and market-share gains drove the beat.
• Bookings momentum improved materially, with company book-to-bill rising to 1.34 and backlog increasing 21% to $1.6 billion, or 5.7 months. Management said customers are placing longer-visibility orders and building safety stock, especially for AI, automotive, and industrial demand.
• Gross margin expanded to 21.0% in Q1, helped by higher volumes, and Q2 gross margin guidance is for about 22.0% despite continued metal and logistics cost pressure. The company also said pricing actions taken late last year should contribute more in Q2 and Q3.
• Management said Vishay 3.0 is gaining traction, with share gains in automotive, stronger OEM/EMS engagement, and more business from previously underserved customers. They emphasized expanded capacity, subcontractor additions, and closer technical support as key drivers of future growth.
• The company reiterated its 2026 CapEx plan of $400 million to $440 million, including heavy investment in the new 12-inch fab in Germany, and said free cash flow will likely remain negative this year. Management also noted that capital allocation remains under review, with dividends unchanged for now and potential interest in future M&A.

Vishay Intertechnology Stock Down 1.7%

VSH stock traded down $0.67 during mid-day trading on Thursday, hitting $37.83. 623,175 shares of the company were exchanged, compared to its average volume of 2,729,569. The firm has a fifty day simple moving average of $22.63 and a 200 day simple moving average of $18.66. The company has a market capitalization of $5.14 billion, a PE ratio of -539.05 and a beta of 1.53. Vishay Intertechnology has a twelve month low of $11.77 and a twelve month high of $40.07. The company has a current ratio of 2.62, a quick ratio of 1.57 and a debt-to-equity ratio of 0.46.

Institutional Trading of Vishay Intertechnology

Hedge funds and other institutional investors have recently bought and sold shares of the company. Woodline Partners LP increased its holdings in shares of Vishay Intertechnology by 25.3% in the 3rd quarter. Woodline Partners LP now owns 6,813,765 shares of the semiconductor company’s stock valued at $104,251,000 after acquiring an additional 1,377,356 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Vishay Intertechnology by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 2,907,928 shares of the semiconductor company’s stock worth $42,144,000 after acquiring an additional 10,917 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in Vishay Intertechnology by 28.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,466,224 shares of the semiconductor company’s stock valued at $35,736,000 after purchasing an additional 539,603 shares during the last quarter. Bragg Financial Advisors Inc grew its position in Vishay Intertechnology by 11.3% in the 2nd quarter. Bragg Financial Advisors Inc now owns 1,762,937 shares of the semiconductor company’s stock worth $27,995,000 after purchasing an additional 178,496 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. bought a new stake in shares of Vishay Intertechnology during the fourth quarter valued at approximately $25,009,000. 93.66% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on VSH. JPMorgan Chase & Co. increased their target price on Vishay Intertechnology from $14.00 to $20.00 and gave the company a “neutral” rating in a research note on Thursday, February 5th. Zacks Research raised shares of Vishay Intertechnology from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 7th. Argus upgraded shares of Vishay Intertechnology to a “strong-buy” rating in a research note on Monday, February 9th. Weiss Ratings restated a “sell (d)” rating on shares of Vishay Intertechnology in a research note on Wednesday, January 21st. Finally, Bank of America raised their price target on shares of Vishay Intertechnology from $18.00 to $28.00 and gave the company an “underperform” rating in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $24.00.

Trending Headlines about Vishay Intertechnology

Here are the key news stories impacting Vishay Intertechnology this week:

• Positive Sentiment: Vishay beat Q1 expectations, posting $0.05 EPS versus $0.03 expected and revenue of $839.2 million versus $823.5 million anticipated, while revenue rose 17.3% year over year. Vishay Intertechnology Reports First Quarter 2026 Results
• Positive Sentiment: Management guided Q2 revenue to $875 million-$905 million, above Street estimates, and said gross margin should improve to about 22%, reinforcing expectations for sequential operating improvement. Vishay Intertechnology Reports Fiscal Q1 2026 Results
• Positive Sentiment: The quarter also showed improving fundamentals, including a 1.34 book-to-bill ratio and backlog of 5.7 months, which suggests healthy demand and supports the stock’s upward momentum. Vishay Intertechnology (VSH) Soars to 26-Year High After Swing to Profits
• Neutral Sentiment: Bank of America raised its price target to $28 from $18, but kept an Underperform rating, indicating the firm still sees meaningful downside from the current price. Benzinga report on Bank of America target increase
• Neutral Sentiment: Vishay also announced a new PAR and TRANSZORB TVS product package, adding to its product roadmap, though this is a longer-term growth item rather than an immediate stock driver. New DFN6546A Package Product Release

Vishay Intertechnology Company Profile

Vishay Intertechnology, Inc is a global manufacturer of discrete semiconductors and passive electronic components, serving a wide range of industries including industrial, automotive, computing, consumer electronics, telecommunications, medical, and military/aerospace markets. The company’s portfolio encompasses resistors, capacitors, inductors, sensors, diodes, rectifiers, MOSFETs and a variety of integrated circuit solutions. Vishay’s components are used in power management, signal conditioning, circuit protection and sensing applications, supporting both standard and custom designs for original equipment manufacturers worldwide.

Originally founded in 1962 by Dr.