Vishay Intertechnology (NYSE:VSH) Issues Earnings Results, Beats Expectations 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 analysts’ consensus estimates of $0.03 by $0.02, Zacks reports. Vishay Intertechnology had a return on equity of 0.22% and a net margin of 0.07%.The business had revenue of $839.24 million for the quarter, compared to analysts’ expectations of $823.54 million. During the same period in the previous year, the business posted ($0.03) EPS. The firm’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 Trading Down 0.9%

Shares of VSH opened at $38.14 on Friday. The business’s 50-day moving average price is $23.04 and its 200-day moving average price is $18.81. Vishay Intertechnology has a twelve month low of $11.77 and a twelve month high of $40.07. The stock has a market cap of $5.18 billion, a PE ratio of 3,813.70 and a beta of 1.53. The company has a quick ratio of 1.57, a current ratio of 2.64 and a debt-to-equity ratio of 0.47.

Wall Street Analyst Weigh In

VSH has been the topic of a number of research reports. Weiss Ratings upgraded Vishay Intertechnology from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday. Bank of America upped their price target on Vishay Intertechnology from $18.00 to $28.00 and gave the company an “underperform” rating in a research report on Thursday. Zacks Research upgraded Vishay Intertechnology from a “hold” rating to a “strong-buy” rating in a research report on Wednesday. Argus upgraded Vishay Intertechnology to a “strong-buy” rating in a research report on Monday, February 9th. Finally, JPMorgan Chase & Co. upped their price target on Vishay Intertechnology from $14.00 to $20.00 and gave the company a “neutral” rating in a research report on Thursday, February 5th. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $24.00.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Quarry LP purchased a new position in shares of Vishay Intertechnology during the third quarter worth about $39,000. Empowered Funds LLC purchased a new position in shares of Vishay Intertechnology during the fourth quarter worth about $57,000. Amundi purchased a new position in shares of Vishay Intertechnology during the fourth quarter worth about $164,000. Entropy Technologies LP purchased a new position in shares of Vishay Intertechnology during the third quarter worth about $182,000. Finally, Freestone Grove Partners LP purchased a new position in shares of Vishay Intertechnology during the fourth quarter worth about $191,000. Hedge funds and other institutional investors own 93.66% of the company’s stock.

Trending Headlines about Vishay Intertechnology

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

• Positive Sentiment: Vishay posted Q1 revenue of $839.2 million and EPS of $0.05, both ahead of expectations, reinforcing the idea that the business is improving. VSH Q1 Earnings Beat Estimates on Strong Volume and Orders
• Positive Sentiment: Management’s Q2 revenue outlook of $875 million to $905 million came in above Street estimates, suggesting momentum may continue into the next quarter. Vishay Intertechnology Reports Fiscal Q1 2026 Results
• Positive Sentiment: Gross margin improved to 21.0% from 19.6% last quarter, and the company highlighted strong order growth and capacity investments tied to its “Vishay 3.0” strategy. Vishay Intertechnology Inc (VSH) Q1 2026 Earnings Call Highlights
• Neutral Sentiment: Bank of America raised its price target to $28 from $18, but kept an Underperform rating, which tempers the bullish earnings reaction. Vishay Intertechnology (NYSE:VSH) Price Target Raised to $28.00 at Bank of America
• Neutral Sentiment: Several articles also framed the rally as a valuation and recovery story, with analysts noting potential upside from market share gains and a broader industrial/semiconductor upcycle. Vishay Intertechnology: Leveraging Market Recovery, Share Gains, And Self-Help

About Vishay Intertechnology

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.