Vishay Intertechnology (NYSE:VSH – Get Free Report) announced its quarterly earnings results on Wednesday. The semiconductor company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.04, FiscalAI reports. The firm had revenue of $918.58 million during the quarter, compared to the consensus estimate of $897.03 million. Vishay Intertechnology had a return on equity of 0.22% and a net margin of 0.07%.The firm’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.07) earnings per share.
Here are the key takeaways from Vishay Intertechnology’s conference call:
- Strong Q2 performance: Adjusted revenue rose 9.5% sequentially and 21% year over year to $919 million, exceeding guidance, while book-to-bill reached 1.32 and backlog increased 18% to $1.9 billion.
- Demand is broadening across industrial, AI, automotive, aerospace and defense, healthcare, and communications, with rising customer counts, market-share gains, and increasing demand for Western supply. AI-related orders and aerospace-defense programs are driving particularly strong bookings.
- Profitability improved as higher volumes, pricing, channel management, and cost initiatives lifted adjusted gross margin to 22.6% and adjusted operating margin to 5.8%; Vishay now expects to reach its 24% quarterly gross-margin goal in Q3, ahead of schedule.
- The company raised its Q3 outlook to $945 million–$975 million of revenue and expects continued capacity expansion, including foundry support for AI products, polymer capacitor investments, and progress toward production at its German 12-inch fab in mid-2027.
- Vishay expects negative free cash flow in 2026 because of heavy capacity-expansion spending, while its recent $830 million equity offering increased the share count and diluted existing shareholders; the company also continues to face elevated tax rates and rising metals, materials, and logistics costs.
Vishay Intertechnology Stock Performance
VSH opened at $32.48 on Thursday. The stock has a market cap of $4.42 billion, a P/E ratio of 3,251.50 and a beta of 1.81. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.64 and a quick ratio of 1.53. The stock’s 50 day simple moving average is $48.93 and its 200 day simple moving average is $32.55. Vishay Intertechnology has a 1-year low of $11.77 and a 1-year high of $69.47.
Vishay Intertechnology Dividend Announcement
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on VSH shares. Raymond James Financial started coverage on Vishay Intertechnology in a research note on Tuesday. They set an “outperform” rating and a $40.00 price target on the stock. Bank of America boosted 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, May 14th. Wall Street Zen downgraded Vishay Intertechnology from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. Zacks Research cut shares of Vishay Intertechnology from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 20th. Finally, Weiss Ratings upgraded shares of Vishay Intertechnology from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 27th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $33.25.
View Our Latest Research Report on VSH
Institutional Trading of Vishay Intertechnology
Several large investors have recently bought and sold shares of VSH. T. Rowe Price Investment Management Inc. acquired a new position in shares of Vishay Intertechnology during the 4th quarter worth approximately $25,009,000. Woodline Partners LP grew its holdings in shares of Vishay Intertechnology by 25.3% during the third quarter. Woodline Partners LP now owns 6,813,765 shares of the semiconductor company’s stock worth $104,251,000 after buying an additional 1,377,356 shares in the last quarter. Jain Global LLC boosted its position in Vishay Intertechnology by 841.5% during the fourth quarter. Jain Global LLC now owns 910,143 shares of the semiconductor company’s stock worth $13,188,000 after acquiring an additional 813,472 shares during the last quarter. Two Sigma Investments LP lifted its stake in shares of Vishay Intertechnology by 1,440.5% during the 3rd quarter. Two Sigma Investments LP now owns 844,508 shares of the semiconductor company’s stock worth $12,921,000 after purchasing an additional 789,686 shares during the period. Finally, Alyeska Investment Group L.P. lifted its position in Vishay Intertechnology by 112.5% during the fourth quarter. Alyeska Investment Group L.P. now owns 1,065,713 shares of the semiconductor company’s stock worth $15,442,000 after buying an additional 564,269 shares during the period. Institutional investors and hedge funds own 93.66% of the company’s stock.
Key Headlines Impacting Vishay Intertechnology
Here are the key news stories impacting Vishay Intertechnology this week:
- Positive Sentiment: Vishay reported second-quarter adjusted earnings of $0.19 per share, exceeding the $0.15 consensus estimate and improving from a $0.07 loss in the year-ago period. Revenue reached approximately $918.6 million, above analyst expectations of about $897 million, while year-over-year revenue increased 16.6%. Vishay Intertechnology Q2 earnings report
- Positive Sentiment: Management issued third-quarter revenue guidance of $945 million to $975 million, ahead of the approximately $925.6 million analyst estimate. The company also cited improving demand, pricing, and momentum in industrial, automotive, aerospace and defense, and artificial-intelligence-related markets. Vishay second-quarter 2026 results
- Positive Sentiment: Backlog reportedly rose to roughly $1.88 billion, with a 1.32 book-to-bill ratio, indicating demand exceeded shipments and supporting the company’s near-term growth outlook. Why Vishay stock fell today
- Neutral Sentiment: Needham & Company and Raymond James each initiated analyst coverage of VSH. The available headlines do not specify their ratings or price targets, limiting the immediate investment signal. Needham initiates coverage Raymond James initiates coverage
- Positive Sentiment: Vishay introduced TSOP15300 infrared receiver modules, which support a broad range of remote-control frequencies and can reduce component count and system costs. The product is available for samples and production, but its financial impact is likely limited in the near term. TSOP15300 product launch
- Negative Sentiment: Investors appear concerned that Vishay’s recent equity offering added approximately 17.25 million shares, creating dilution after the stock’s earlier rally. The company also reported negative year-to-date free cash flow as it funds capacity expansion, increasing pressure on valuation and returns.
- Negative Sentiment: Some coverage characterized the quarter as missing sales targets or emphasized that the earnings beat was insufficient relative to elevated expectations. This mixed reaction suggests the market is looking beyond the reported results toward sustainable demand, cash generation, and shareholder dilution. Vishay Q2 sales coverage
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.
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