Vishay Intertechnology (NYSE:VSH) Announces Earnings Results

Vishay Intertechnology (NYSE:VSH) released its earnings results on Wednesday. The semiconductor company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.15 by $0.04, FiscalAI reports. The firm had revenue of $918.58 million during the quarter, compared to analysts’ expectations of $897.03 million. Vishay Intertechnology had a return on equity of 0.22% and a net margin of 0.07%.Vishay Intertechnology’s revenue for the quarter was up 16.6% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.07) EPS.

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 Price Performance

NYSE:VSH traded down $5.47 during trading hours on Wednesday, hitting $33.38. The company’s stock had a trading volume of 11,323,202 shares, compared to its average volume of 4,615,373. Vishay Intertechnology has a 52-week low of $11.77 and a 52-week high of $69.47. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.53 and a current ratio of 2.64. The business’s 50-day moving average is $49.24 and its two-hundred day moving average is $32.44. The company has a market capitalization of $4.54 billion, a PE ratio of 3,337.70 and a beta of 1.81.

Vishay Intertechnology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 29th. Investors of record on Thursday, June 18th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Thursday, June 18th. Vishay Intertechnology’s dividend payout ratio is currently 4,000.00%.

Wall Street Analysts Forecast Growth

VSH has been the subject of several recent analyst reports. Weiss Ratings upgraded Vishay Intertechnology from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 27th. Wall Street Zen downgraded shares of Vishay Intertechnology from a “buy” rating to a “hold” rating in a research report on Saturday, June 6th. Zacks Research cut shares of Vishay Intertechnology from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 20th. Bank of America raised their price objective on Vishay Intertechnology from $18.00 to $28.00 and gave the stock an “underperform” rating in a report on Thursday, May 14th. Finally, Needham & Company LLC assumed coverage on Vishay Intertechnology in a research note on Tuesday. They issued a “buy” rating and a $45.00 price objective for the company. 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $33.25.

Key Headlines Impacting Vishay Intertechnology

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

• Positive Sentiment: Vishay reported second-quarter adjusted EPS of $0.19, above the $0.15 consensus estimate, while revenue reached approximately $918.6 million versus expectations of $897.0 million. Revenue increased 16.6% year over year, and the company returned to a profit from a $0.07-per-share loss in the prior-year quarter. Vishay Intertechnology earnings report
• Positive Sentiment: Management issued third-quarter revenue guidance of $945 million to $975 million, above the roughly $925.6 million analyst consensus, suggesting continued demand momentum. Backlog reportedly rose to about $1.88 billion, with a 1.32 book-to-bill ratio. Vishay second-quarter 2026 results
• Positive Sentiment: Vishay cited improving pricing and demand in industrial, artificial intelligence, automotive, aerospace and defense markets. New TSOP15300 infrared receiver modules also expand its consumer-electronics product portfolio and are available for sampling and production. Vishay TSOP15300 product announcement
• Positive Sentiment: Needham initiated coverage with a Buy rating and a $45 price target, while Raymond James began coverage at Outperform with a $40 target, signaling potential confidence in the company’s recovery. Needham Vishay coverage

Institutional Trading of Vishay Intertechnology

A number of institutional investors have recently added to or reduced their stakes in VSH. Algert Global LLC acquired a new stake in shares of Vishay Intertechnology during the 3rd quarter valued at approximately $401,000. EntryPoint Capital LLC purchased a new position in Vishay Intertechnology in the 4th quarter valued at approximately $355,000. Guggenheim Capital LLC purchased a new position in Vishay Intertechnology in the 4th quarter valued at approximately $344,000. DRW Securities LLC acquired a new position in Vishay Intertechnology during the fourth quarter worth $246,000. Finally, Inceptionr LLC acquired a new position in Vishay Intertechnology during the third quarter worth $240,000. Hedge funds and other institutional investors own 93.66% of the company’s stock.

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.