Vishay Intertechnology (NYSE:VSH) Releases Quarterly Earnings Results, Beats Expectations By $0.08 EPS

Key Points

• Vishay reported quarterly EPS of $0.37, beating expectations by $0.08, while revenue reached about $979 million—up 23.8% year over year and above analyst estimates.
• Bookings rose 15%, with a 1.29 book-to-bill ratio and a $2.2 billion backlog; management cited demand across industrial, AI, automotive, and aerospace and defense markets.
• The company forecast Q4 revenue of about $990 million and a 26% gross margin, but expects full-year 2026 free cash flow to be near break-even amid capacity investments and other cash-flow factors.

Vishay Intertechnology (NYSE:VSH - Get Free Report) issued its quarterly earnings results on Wednesday. The semiconductor company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.08, FiscalAI reports. The firm had revenue of $978.94 million during the quarter, compared to analyst estimates of $965.33 million. Vishay Intertechnology had a return on equity of 1.84% and a net margin of 0.86%. The company's revenue was up 23.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.04 earnings per share.

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

• Vishay reported record third-quarter revenue of $979 million, up 24% year over year and above guidance. Gross margin rose to 25.5%, and EPS was $0.37.
• Bookings increased 15%, with a 1.29 book-to-bill and a $2.2 billion backlog (6.6 months). Management cited strong demand across industrial, AI, automotive, and aerospace and defense, alongside customer efforts to secure supply.
• For Q4, the company forecast revenue of $990 million, plus or minus $15 million, and gross margin of 26%, exceeding its previously stated year-end margin goal. Management said it expects sequential revenue growth despite holiday closures.
• Management said Vishay 3.0 initiatives are supporting market-share gains through expanded capacity, broader customer and product coverage, and competitive lead times. It is targeting nearly $200 million in AI revenue this year, versus about $100 million last year.
• Despite improved Q3 cash generation, Vishay expects full-year 2026 free cash flow to be close to break-even, citing capacity expansion spending and a planned reduction in its receivables securitization program. Some equipment spending has also shifted into 2027.

Vishay Intertechnology Stock Performance

Shares of VSH stock traded down $1.74 during midday trading on Wednesday, hitting $25.48. The company had a trading volume of 2,622,270 shares, compared to its average volume of 4,336,537. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.80 and a quick ratio of 1.27. The stock has a market cap of $3.91 billion, a price-to-earnings ratio of 134.09, a PEG ratio of 3.01 and a beta of 1.90. Vishay Intertechnology has a 52-week low of $11.77 and a 52-week high of $69.47. The company's 50 day simple moving average is $31.21 and its 200 day simple moving average is $32.09.

Vishay Intertechnology Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 24th. Stockholders of record on Thursday, September 10th were given a dividend of $0.10 per share. The ex-dividend date was Thursday, September 10th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.6%. Vishay Intertechnology's payout ratio is 210.53%.

Insider Buying and Selling at Vishay Intertechnology

In related news, Director Raanan Zilberman sold 16,575 shares of Vishay Intertechnology stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $35.82, for a total transaction of $593,716.50. Following the completion of the sale, the director owned 31,937 shares in the company, valued at approximately $1,143,983.34. This trade represents a 34.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 8.35% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Needham & Company LLC assumed coverage on shares of Vishay Intertechnology in a research report on Tuesday, August 4th. They set a "buy" rating and a $45.00 price target for the company. Wall Street Zen raised shares of Vishay Intertechnology from a "hold" rating to a "buy" rating in a report on Saturday, October 10th. Oppenheimer increased their price objective on shares of Vishay Intertechnology from $42.00 to $45.00 and gave the company an "outperform" rating in a research report on Thursday, October 8th. Weiss Ratings lowered shares of Vishay Intertechnology from a "hold (c)" rating to a "hold (c-)" rating in a research note on Friday, September 25th. Finally, Raymond James Financial initiated coverage on Vishay Intertechnology in a research note on Tuesday, August 4th. They set an "outperform" rating and a $40.00 price target for the company. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $36.67.

About Vishay Intertechnology

Vishay Intertechnology, Inc is a global manufacturer of electronic components used in industrial, automotive, computing, telecommunications, consumer electronics, aerospace and defense, and medical applications. The company's portfolio includes passive components and semiconductor products that support power management, signal processing, sensing, connectivity and energy conversion.

Its products include resistors, capacitors, inductors, diodes, rectifiers, power MOSFETs, optoelectronic components, sensors, transducers and related power and circuit-protection devices.

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