Vishay Intertechnology (NYSE:VSH) Releases Earnings Results, Misses Estimates By $0.01 EPS

Vishay Intertechnology (NYSE:VSH) issued its quarterly earnings results on Wednesday. The semiconductor company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01), FiscalAI reports. The company had revenue of $800.92 million during the quarter, compared to analysts’ expectations of $790.47 million. Vishay Intertechnology had a negative return on equity of 0.36% and a negative net margin of 2.56%.Vishay Intertechnology’s quarterly revenue was up 12.1% on a year-over-year basis.

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

• Vishay reported Q4 revenue of $801 million, slightly above guidance and up 1.3% sequentially, with orders at a three‑year high and a book‑to‑bill of 1.2 and backlog of $1.3 billion, supporting near‑term revenue momentum.
• Demand gains were broad‑based across key end markets — industrial power, AI power, automotive, aerospace/defense, and healthcare — with Asia driving the quarter’s growth and distribution leading channel increases.
• Margins remain pressured by elevated metals/material costs and a drag from the Newport wafer fab (≈100 bps in Q4, expected 50–75 bps in Q1), contributing to only modest gross margin improvement and a lower EBITDA margin versus Q3.
• The company expects heavy capital spending in 2026 — $400–440 million (peak in H1 for the 12‑inch fab) — and anticipates negative free cash flow for the year, funded in part by receivable securitization and revolver draws while maintaining dividends.
• Execution on Vishay 3.0 continues: expanded capacity and customer re‑engagement are producing share gains, and product progress includes qualifying many automotive parts and launching a Gen‑3 trench MOSFET (SiC) and new reference designs targeting 800V/AI applications.

Vishay Intertechnology Stock Performance

Shares of NYSE VSH traded down $0.58 during midday trading on Wednesday, hitting $20.17. The company’s stock had a trading volume of 1,294,915 shares, compared to its average volume of 2,407,095. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.60 and a current ratio of 2.67. Vishay Intertechnology has a 1-year low of $10.35 and a 1-year high of $22.00. The firm’s fifty day moving average price is $16.21 and its 200-day moving average price is $15.71. The firm has a market cap of $2.73 billion, a P/E ratio of -36.17 and a beta of 1.14.

Vishay Intertechnology Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Wednesday, December 3rd were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date was Wednesday, December 3rd. Vishay Intertechnology’s dividend payout ratio (DPR) is presently -70.18%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Bank of America raised their target price on Vishay Intertechnology from $14.00 to $16.00 and gave the company an “underperform” rating in a report on Thursday, January 22nd. Weiss Ratings reissued a “sell (d)” rating on shares of Vishay Intertechnology in a report on Wednesday, January 21st. One research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Sell” and an average target price of $16.00.

Hedge Funds Weigh In On Vishay Intertechnology

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

Key Stories Impacting Vishay Intertechnology

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

• Positive Sentiment: Revenue beat and demand pick-up — Q4 sales were $800.9M, above Street expectations, driven by industrial and AI-related power demand; revenue rose ~12% year-over-year and management noted orders at a three‑year high. This supports near-term growth expectations. GlobeNewswire Release
• Positive Sentiment: Backlog/book-to-bill improvement — Q4 book-to-bill was 1.20 (semiconductors 1.27), backlog ~4.9 months, indicating better order visibility and potential upside to near-term revenue. Vishay Press Release / Slide Deck
• Positive Sentiment: Management’s Q1 2026 outlook is constructive — revenue guide $800M–$830M and slightly higher gross margin (~19.9% ±50 bps), signaling confidence in demand and helping sentiment despite the EPS miss. Quiver / Release Summary
• Positive Sentiment: Product/news catalyst — Vishay launched 1200V SiC power modules aimed at EV and energy-efficiency markets, which could support higher-margin, growth-oriented sales over time. MSN: 1200V SiC Modules
• Neutral Sentiment: Investor materials available — full press release, slide deck and conference call details were posted (useful for deeper analysis but neutral by itself). Slide Deck / Call
• Negative Sentiment: EPS miss and weak profitability — GAAP EPS of $0.01 missed the consensus of $0.02; the company still shows a negative net margin and a small net loss for the year, which tempers enthusiasm. Zacks: Q4 Earnings Miss
• Negative Sentiment: Margin pressure related to Newport and year‑over‑year gross margin decline — Q4 gross margin ~19.6% included ~130 bps headwind from Newport; gross margin declined YoY, a near-term risk to profit improvement. GlobeNewswire Release
• Negative Sentiment: Analyst skepticism — at least one recent Wall Street note flagged an underperform view, which could limit upside until margins and consistent profitability improve. Quiver: Analyst Notes

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.