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

Vishay Intertechnology (NYSE:VSH) announced its earnings results on Wednesday. The semiconductor company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.03 by $0.02, Zacks reports. Vishay Intertechnology had a negative return on equity of 0.32% and a negative net margin of 0.29%.The company had revenue of $839.24 million for the quarter, compared to analyst estimates of $823.54 million. During the same quarter in the prior year, the company earned ($0.03) EPS. The firm’s revenue for the quarter 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 Up 14.6%

NYSE VSH traded up $4.91 during mid-day trading on Wednesday, hitting $38.54. The company’s stock had a trading volume of 11,837,469 shares, compared to its average volume of 2,757,902. The company’s 50 day simple moving average is $22.25 and its 200 day simple moving average is $18.51. 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. The firm has a market capitalization of $5.23 billion, a price-to-earnings ratio of -550.48 and a beta of 1.53.

Vishay Intertechnology Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Thursday, March 12th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Thursday, March 12th. Vishay Intertechnology’s dividend payout ratio (DPR) is currently -571.43%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in VSH. Royal Bank of Canada raised its holdings in shares of Vishay Intertechnology by 26.6% in the 1st quarter. Royal Bank of Canada now owns 71,823 shares of the semiconductor company’s stock worth $1,142,000 after acquiring an additional 15,079 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Vishay Intertechnology by 3.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 74,123 shares of the semiconductor company’s stock valued at $1,179,000 after purchasing an additional 2,250 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Vishay Intertechnology by 5.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 250,154 shares of the semiconductor company’s stock worth $3,977,000 after purchasing an additional 12,547 shares in the last quarter. AXA S.A. raised its stake in shares of Vishay Intertechnology by 13.5% in the second quarter. AXA S.A. now owns 176,254 shares of the semiconductor company’s stock worth $2,799,000 after purchasing an additional 20,950 shares during the last quarter. Finally, Quantinno Capital Management LP raised its stake in shares of Vishay Intertechnology by 132.4% in the second quarter. Quantinno Capital Management LP now owns 52,791 shares of the semiconductor company’s stock worth $838,000 after purchasing an additional 30,075 shares during the last quarter. 93.66% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on VSH shares. Argus raised Vishay Intertechnology to a “strong-buy” rating in a research note on Monday, February 9th. Weiss Ratings reiterated a “sell (d)” rating on shares of Vishay Intertechnology in a research note on Wednesday, January 21st. JPMorgan Chase & Co. boosted their target price on shares of Vishay Intertechnology from $14.00 to $20.00 and gave the company a “neutral” rating in a research report on Thursday, February 5th. Zacks Research raised shares of Vishay Intertechnology from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 7th. Finally, Bank of America lifted their price target on shares of Vishay Intertechnology from $14.00 to $16.00 and gave the company an “underperform” rating in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $18.00.

Key Stories Impacting Vishay Intertechnology

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

• Positive Sentiment: Vishay reported Q1 revenue of $839.2 million and EPS of $0.05, both ahead of estimates, while gross margin improved to 21.0% from 19.6% last quarter, showing better execution. Article Title
• Positive Sentiment: Management guided Q2 revenue to $875 million-$905 million and gross margin to about 22%, both signaling continued sequential improvement and stronger profitability. Article Title
• Positive Sentiment: The company cited a strong 1.34 book-to-bill ratio and 5.7 months of backlog, indicating healthy order momentum and supporting the case for an industry upcycle. Article Title
• Neutral Sentiment: Vishay also announced a new PAR and TRANSZORB TVS product in a compact package, a constructive product-development update but likely a smaller near-term driver for the shares.
• Negative Sentiment: The quarter still showed modest profitability and negative free cash flow, so investors may remain focused on whether margin gains can translate into stronger cash generation. Article Title

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.