VSH
Vishay Intertechnology, Inc.14.88
-0.27-1.78%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Q&A spotlights auto gains, CapEx peak
Q&A reaffirmed mid-to-high single-digit industry growth expectations across key segments like industrial power, AI, and aerospace defense, with Vishay targeting outperformance via auto share gains from supporting Q4 shortages against rivals like Nexperia. Management detailed less-than-historical ASP declines from volume leverage, Q4 metals price hikes effective Q1, and gross margin expansion through 2026 on volume efficiencies and Newport ramp. CapEx peaks at $400-440M this year—half for 12-inch fab—before normalizing to 5-6% intensity, opening doors to deeper M&A in passives and select semis. No revenue hit expected from memory pricing. Auto audits ramp share later. Investors will eye margin trajectory and capacity utilization. CapEx peaks this year.
Key Stats
Market Cap
2.02BP/E (TTM)
-Basic EPS (TTM)
-0.56Dividend Yield
0.03%Recent Filings
8-K
Officer salaries set for 2026
10-K
FY2025 results
Vishay Intertechnology posted FY2025 net revenues of $3.07B, up 4.5% y/y, with Q4 revenues hitting $801M, up 12% q/q and 12% y/y on higher volume and book-to-bill of 1.20. Backlog swelled to $1.31B, signaling momentum, while gross margins held steady at 19.6% despite ASP erosion and input costs; segments like MOSFETs and capacitors accelerated q/q. Q4 free cash suffered from $273M capex (82% expansion), yet Vishay paid $54M dividends and $13M buybacks per policy. Capacity expansions position for megatrends. Supply chain disruptions threaten quarterly momentum.
8-K
Vishay declares $0.10 dividend
Vishay Intertechnology declared a quarterly cash dividend of $0.10 per share on February 12, 2026, payable March 26 to shareholders of record March 12. This steady payout signals board confidence amid economic headwinds. Future dividends require approval. Risks loom from supply chains and geopolitics.
8-K
Q4 revenue up, strong bookings
Vishay Intertechnology posted Q4 2025 revenues of $800.9 million, up 1.3% from Q3, with gross margin at 19.6% despite a 130 basis point Newport hit. Book-to-bill hit 1.20 on three-year high orders; backlog stands at 4.9 months. Backlog signals demand strength. Full-year net loss narrowed to $9 million from $30 million, cash at $515 million. Q1 2026 eyes $800-830 million revenue, margins near 19.9%.
8-K
Switches auditors to Deloitte
Vishay Intertechnology's audit committee dismissed Ernst & Young effective after their 2025 audit report, selecting Deloitte as the new independent auditor for fiscal 2026 following a competitive process, announced January 7, 2026. No disagreements or reportable events marred EY's prior audits of 2023 and 2024. Smooth switch.
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