Vishay v 1. čtvrtletí 2026 zvýšil tržby v automotive o 10,6 % meziročně na 284,3 mil. USD díky rozjezdu hybridních a EV programů. Firma zároveň rozšiřuje kapacity v Newportu a Německu.
Key Takeaways Vishay's automotive revenues rose 10.6% year over year in Q1 2026 as hybrid and EV programs expanded.VSH is the leading resistor supplier for multiple new EV platforms with production ramping through 2028.Vishay is expanding capacity in Newport and Germany to support rising automotive demand and qualifications. Vishay Intertechnology, Inc. (VSH - Free Report) is steadily expanding its footprint in the electric vehicle (EV) market, positioning its automotive business for stronger long-term growth. As automakers increase the electronic content in both hybrid and battery EVs, demand for Vishay's power semiconductors and passive components is expected to rise.
The company's automotive segment showed encouraging momentum in the first quarter of 2026. Automotive revenues increased 2.7% sequentially and 10.6% year over year to $284.3 million, driven by solid OEM demand in North America and Europe as hybrid and EV production programs continued to ramp up. Order intake also improved as customers sought reliable suppliers with competitive lead times and greater manufacturing capacity.
A major growth driver is Vishay's increasing share in next-generation EV platforms. During the last earnings call, management stated that the company is now the leading supplier of resistors for multiple automakers launching new electric vehicle platforms. These programs are expected to ramp up production steadily through 2028, providing Vishay with multi-year revenue visibility.
The company is also securing design wins in several high-value automotive applications, including battery management systems, advanced driver-assistance systems (ADAS), electronic power steering and powertrain electronics. These systems require a growing number of semiconductors and passive components, creating additional content opportunities per vehicle.
To support future demand, Vishay continues expanding production capacity through investments at its Newport facility and its new 12-inch fab in Germany. Several automotive customer audits have already been completed, with additional qualifications expected in 2026. As EV adoption accelerates worldwide, Vishay's stronger customer relationships, expanding manufacturing footprint and rising content per vehicle should help drive sustained automotive revenue growth over the coming years.
How Vishay Stacks Up Against EV-Focused Semiconductor RivalsAmong Vishay's closest competitors, ON Semiconductor Corporation (ON - Free Report) and Allegro MicroSystems, Inc. (ALGM - Free Report) are also benefiting from the growing adoption of EVs.
ON Semiconductor has built a strong presence in EV powertrains through its silicon carbide (SiC) MOSFETs, intelligent power modules and image sensors. In the first quarter of 2026, automotive revenues increased 4.6% year over year and accounted for about 53% of ON Semiconductor's total sales, highlighting its deep exposure to the EV market. The company continues expanding SiC production capacity to meet rising demand from global automakers.
Allegro MicroSystems is another important player in automotive semiconductors, supplying magnetic sensors and power integrated circuits used in EV traction inverters, battery management systems and ADAS. In the fourth quarter of fiscal 2026, Allegro MicroSystems’ automotive revenues surged 17.5% year over year to $163.9 million and represented 67% of total sales, underscoring its heavy dependence on vehicle electrification.
While both companies are highly focused on automotive electronics, Vishay offers a broader portfolio spanning discrete semiconductors and passive components.
VSH’s Price Performance, Valuation and EstimatesShares of Vishay Intertechnology have skyrocketed 179% so far this year compared with the Zacks Computer and Technology sector’s 15.8% growth.
From a valuation standpoint, VSH trades at a forward 12-month price-to-earnings ratio of 34.4, significantly higher than the sector average of 24.49. Vishay carries a Value Score of C.
Vishay Intertechnology Forward 12-Month P/E Ratio
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for Vishay Intertechnology’s 2026 earnings is pegged at 75 cents per share, implying a robust improvement from the loss of 5 cents in 2025. The consensus mark of $1.54 per share for 2027 earnings calls for a 105% year-over-year surge. Estimates for 2026 and 2027 have been revised upward over the past 60 days.
Image Source: Zacks Investment Research
Vishay Intertechnology currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Vishay Intertechnology získala certifikaci CMMC Level 2, která potvrzuje splnění požadavků pro práci s citlivými informacemi v programech amerického ministerstva obrany. Firma tak může dál podporovat obranné zakázky vyžadující CUI.
MALVERN, Pa., July 15, 2026 (GLOBE NEWSWIRE) -- Vishay Intertechnology, Inc. (NYSE: VSH) today announced that the company has successfully achieved Level 2 Cybersecurity Maturity Model Certification (CMMC), confirming that its cybersecurity practices, processes, and governance meet the requirements for handling Federal Contract Information (FCI) and Controlled Unclassified Information (CUI) within Department of Defense (DoD) programs.
The CMMC program was established by the DoD to verify that contractors and suppliers adequately protect sensitive defense information. As CMMC requirements are phased into defense contracts and supply chains, Level 2 certification enables participation in programs requiring secure processing, storage, and transmission of CUI while supporting compliance with evolving Defense Federal Acquisition Regulation Supplement (DFARS) and DoD cybersecurity standards.
Vishay is a critical supplier of electronic components for defense, aerospace, and national security applications, making CMMC compliance increasingly essential to continued participation in U.S. defense programs and supply chains. The certification enables the company to support programs requiring CUI exchange, participate in solicitations and contracts with CMMC requirements, and maintain compliant information workflows.
CMMC Level 2 certification validates Vishay’s implementation of cybersecurity controls and documented processes for safeguarding sensitive information throughout the product lifecycle. These measures include controlled access environments, encrypted communications, secure file transfer processes, ongoing monitoring, employee training, and continuous improvement initiatives.
“Achieving CMMC Level 2 certification reflects Vishay’s long standing commitment to protecting sensitive customer and program information,” said Michael O’Sullivan, executive vice president, chief administrative and legal officer, legal services, at Vishay. “Having achieved CMMC Level 2 certification, well ahead of full enforcement requirements, we’re well positioned to support defense and aerospace customers, help ensure continuity of supply for critical applications, and reduce program risk.”
Vishay manufactures one of the world’s largest portfolios of discrete semiconductors and passive electronic components that are essential to innovative designs in the automotive, industrial, computing, consumer, telecommunications, military, aerospace, and medical markets. Serving customers worldwide, Vishay is The DNA of tech.® Vishay Intertechnology, Inc. is a Fortune 1000 Company listed on the NYSE (VSH). More on Vishay at www.Vishay.com.
The DNA of tech® is a registered trademark of Vishay Intertechnology, Inc.
Vishay on Facebook: http://www.facebook.com/VishayIntertechnology
Vishay Twitter feed: http://twitter.com/vishayindust
Link to DNA of Tech image:
https://www.flickr.com/photos/vishay/50342588442/sizes/l/
For more information please contact:
Vishay Intertechnology
Peter Henrici, +1 408 567-8400 [email protected]
or
Redpines
Bob Decker, +1 415 409-0233 [email protected]
Společnost Vishay Intertechnology uvedla automobilový optočlen VOMHA43A v novém pouzdře SOP-5 o šířce 3,6 mm. Nabízí CMTI 40 kV/µs a izolační napětí až 707 Vpeak.
AEC-Q102 Qualified Device Offers Industry-Best Minimum CMTI of 40 kV/µS and Maximum Repetitive Peak Isolation Voltage of 707 Vpeak
MALVERN, Pa., July 09, 2026 (GLOBE NEWSWIRE) -- Vishay Intertechnology, Inc. (NYSE: VSH) today introduced an automotive 1 MBd high speed optocoupler in a new SOP-5 package with a narrow width of 3.6 mm. Combining a comparative tracking index (CTI) of 400 with industry-leading minimum guaranteed common mode transient immunity (CMTI) of 40 kV/µS, the Vishay Semiconductors VOMHA43A is designed to deliver improved signal transmission quality and save space in applications requiring isolation voltages (VIORM) up to 707 Vpeak.
The AEC-Q102 qualified device released today is optimized for isolated data communication, fast signal switching, ground signal isolation, and logic voltage level shifting in automotive, industrial, home and building control, and telecom applications. In electric (EV), hybrid electric (HEV), and low speed electric (LSEV) vehicles, the optocoupler provides communication bus isolation for CAN, LIN, I²C, and SPI interfaces, as well as isolated drive circuit applications such as intelligent power module (IPM) drivers.
While previous SOP-5 packages offered a width of 4.4 mm, the narrower SOP-5 of the VOMHA43A requires less PCB space, while supporting stackable designs. The device’s minimum CMTI — which is more than double that of the closest competing device — provides enhanced robustness against electrical spikes and RF and EMI issues. And while competing devices offer maximum repetitive peak isolation voltages of 567 Vpeak, the optocoupler’s isolation voltage performance of 707 Vpeak meets the requirements of 400 V battery systems.
The VOMHA43A consists of a GaAlAs infrared emitting diode, optically coupled with an integrated photodetector and a high speed transistor. The photodetector is junction-isolated from the transistor to reduce miller capacitance effects. The optocoupler features an open collector output function that allows designers to adjust load conditions when interfacing with different logic systems, while a Faraday shield on the detector chip allows the device to reject and minimize high input to output common mode transient voltages.
The RoHS-compliant and halogen-free optocoupler operates over a temperature range of -40 °C to +125 °C and is pin to pin compatible with leading competing parts to provide a direct replacement and eliminate the need for electrical and mechanical redesigns.
Samples and production quantities of the VOMHA43A are available now, with lead times of six weeks.
Vishay manufactures one of the world’s largest portfolios of discrete semiconductors and passive electronic components that are essential to innovative designs in the automotive, industrial, computing, consumer, telecommunications, military, aerospace, and medical markets. Serving customers worldwide, Vishay is The DNA of tech.® Vishay Intertechnology, Inc. is a Fortune 1000 Company listed on the NYSE (VSH). More on Vishay at www.Vishay.com.
The DNA of tech® is a registered trademark of Vishay Intertechnology, Inc.
Vishay on Facebook: http://www.facebook.com/VishayIntertechnology
Vishay Twitter feed: http://twitter.com/vishayindust
Links to product datasheets:
http://www.vishay.com/ppg?80341 (VOMHA43A)
Link to product photo:
https://www.flickr.com/photos/vishay/albums/72177720334474258
For more information please contact:
Vishay Intertechnology
Peter Henrici, +1 408 567-8400 [email protected]
or
Redpines
Bob Decker, +1 415 409-0233 [email protected]
Vishay Intertechnology v 1. čtvrtletí zvýšila tržby o 17,3 % na 839,2 mil. USD a hrubá marže se zlepšila na 21 %. Ve 2. čtvrtletí čeká hrubou marži kolem 22 %.
Key Takeaways Vishay 3.0 aims to boost profitability through capacity expansion and higher exposure to fast-growing markets.VSH's Q1'26 revenues rose 17.3% to $839.2M, while gross margin improved to 21%, driven by stronger volumes.Vishay sees Q2 gross margin near 22%, helped by price increases and higher capacity utilization. Vishay Intertechnology, Inc.'s (VSH - Free Report) Vishay 3.0 strategy is designed to improve profitability by expanding manufacturing capacity, strengthening customer relationships and increasing exposure to faster-growing markets. While the company is still investing heavily, early results suggest that the strategy is beginning to support sustainable margin expansion.
Financial results for the first quarter of 2026 reflected encouraging progress. Revenues increased 17.3% year over year to $839.2 million, beating management's guidance. Gross margin improved to 21%, up from 19.6% in the previous quarter and 19% in the year-ago quarter. Operating margin also expanded to 2.6% from 1.8% in the fourth quarter of 2025, supported by stronger shipment volumes and improved factory utilization.
Demand has strengthened across industrial, automotive, aerospace and AI-related applications. Vishay Intertechnology reported a healthy book-to-bill ratio of 1.34, including an impressive 1.47 for semiconductors. Backlog increased 21% to $1.6 billion, providing strong revenue visibility and supporting higher capacity utilization in the coming quarters.
Vishay Intertechnology expects additional margin improvement in the second quarter. Revenues are projected between $875 million and $905 million, while gross margin is expected to reach roughly 22% despite higher metals and material costs. Recently implemented price increases should also contribute more meaningfully during the second and third quarters.
Although elevated capital spending on its new German 12-inch fab and other expansion projects may pressure free cash flow in the near term, these investments position Vishay Intertechnology to benefit from future demand growth. As capacity utilization rises and pricing actions take hold, Vishay 3.0 appears well-positioned to deliver sustainable margin expansion over the long run.
How Vishay Intertechnology Compares With Key Industry RivalsVishay Intertechnology's closest competitors, ON Semiconductor (ON - Free Report) and Diodes Incorporated (DIOD - Free Report) , are also working to improve margins through a richer product mix and manufacturing efficiency.
ON Semiconductor continues shifting its portfolio toward higher-margin silicon carbide (SiC), intelligent power and automotive solutions. In the first quarter of 2026, the company’s non-GAAP gross margin expanded by 30 basis points sequentially to 38.5%. This was primarily driven by increased manufacturing facility utilization (reaching 77% in the first quarter), enhanced operational efficiencies under its "Fab Right" strategy, and a richer product mix favoring higher-margin intelligent power products for AI data centers and automotive applications.
Diodes is also expanding its presence in automotive, industrial and AI power management applications. The company posted first-quarter 2026 revenues of $405.5 million, up 22.1% year over year, while its gross margin improved 30 basis points to 31.8%. Sequentially, Diodes’ gross margin expanded by 70 basis points, primarily driven by increased revenue contribution from higher-margin automotive and industrial segments and improved manufacturing facility utilization rates.
VSH’s Price Performance, Valuation and EstimatesShares of Vishay Intertechnology have skyrocketed 191.1% so far this year compared with the Zacks Computer and Technology sector’s 14.7% gain.
From a valuation standpoint, VSH trades at a forward 12-month price-to-sales ratio of 1.52, significantly below the sector average of 6.86. Vishay carries a Value Score of C.
Vishay Intertechnology Forward 12-Month P/S Ratio
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for Vishay Intertechnology’s 2026 earnings is pegged at 75 cents per share, implying a robust improvement from the loss of 5 cents in 2025. The consensus mark of $1.54 per share for 2027 earnings calls for a 105% year-over-year surge. Estimates for 2026 and 2027 have been revised upward over the past 60 days.
Image Source: Zacks Investment Research
Vishay Intertechnology currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Akcie společnosti Vishay Intertechnology za měsíc klesly o 22,8 % kvůli obavám z výdajů na AI, realizaci zisků a ředění akcií. Tržby v 1. čtvrtletí 2026 vzrostly o 17,3 % na 839,2 mil. USD a backlog stoupl o 21 % na 1,6 mld. USD.
Key Takeaways VSH has fallen 22.8% in a month amid AI spending worries, profit-taking and dilution concerns.Vishay 3.0 is lifting results, with Q1 revenues up 17.3% and backlog rising 21% to $1.6B.VSH sees growth from AI, industrial, auto, aerospace, defense and healthcare end markets. Vishay Intertechnology, Inc. (VSH - Free Report) stock has come under intense selling pressure, declining 22.8% over the past month and significantly underperforming the broader Zacks Computer and Technology sector, which has gained 1.5% during the same period.
The weakness has not been limited to Vishay Intertechnology. Several leading semiconductor stocks, including Qualcomm Incorporated (QCOM - Free Report) , FormFactor Inc. (FORM - Free Report) and Marvell Technology, Inc. (MRVL - Free Report) , have also lost ground. Over the past month, shares of Qualcomm, FormFactor and Marvell Technology have fallen 3%, 3.6% and 8.4%, respectively.
VSH stock’s recent sell-off has been driven by three major reasons.
Firstly, investors have turned cautious on semiconductor stocks amid concerns that the massive artificial intelligence (AI) spending by hyperscalers may not generate returns quickly enough to justify current investment levels.
Secondly, many chip stocks surged sharply during early 2026, pushing valuations to elevated levels and encouraging institutional investors to lock in profits. Despite the recent sell-off, Vishay Intertechnology currently trades at a forward 12-month price-to-earnings (P/E) multiple of 36.35, a significant premium to the sector’s average of 24.56.
Vishay Intertechnology Forward 12-Month Price-To-Earnings Ratio
Image Source: Zacks Investment Research
Compared with other semiconductor peers, Vishay Intertechnology trades at a premium to QUALCOMM, while at a lower multiple than FormFactor and Marvell Technology. At present, Qualcomm, FormFactor and Marvell Technology trade at P/E multiples of 16.77, 42.23 and 46.42, respectively.
Thirdly, Vishay Intertechnology faced company-specific pressure after announcing on July 7, 2026 that its 2.25% convertible senior notes due 2030 had become convertible, raising concerns about potential future share dilution. Following the news, shares of the company fell 9.4% in a single day.
While these issues have weighed heavily on sentiment, they appear to overshadow a business that is showing improving fundamentals. With demand strengthening across several end markets and management executing its long-term strategy successfully, the recent decline could offer investors an attractive buying opportunity.
Vishay Intertechnology 3.0 Strategy Is Delivering ResultsThe company's multi-year Vishay 3.0 transformation is now translating into stronger operating performance. The strategy focuses on expanding manufacturing capacity, broadening the product portfolio, improving customer engagement and increasing technical support, enabling Vishay Intertechnology to capture more business across growing markets.
The benefits became visible in the first quarter of 2026. Revenues increased 17.3% year over year to $839.2 million, exceeding management's guidance. Growth was broad-based across every end market, every sales channel and all three major geographic regions. Volume increased 5.8%, supported by stronger customer demand, inventory replenishment and continued market-share gains.
Vishay Intertechnology also reported a healthy book-to-bill ratio of 1.34, including 1.47 for semiconductors, while the backlog expanded 21% to $1.6 billion, representing 5.7 months of sales visibility. These numbers indicate that demand continues to outpace shipments, providing a favorable setup for future revenue growth.
VSH’s Multiple Market Exposure Offers Several Growth DriversUnlike many semiconductor companies that rely heavily on a single end market, Vishay Intertechnology benefits from exposure to several fast-growing industries.
AI-related demand remains one of the strongest growth engines. The company continues receiving orders for high-voltage MOSFETs, polymer capacitors, current-sense resistors and magnetics used in AI servers, networking equipment and power management systems. Management expects AI-related revenues in 2026 to be well above last year's level, helped by expanding customer relationships and additional design wins.
Industrial demand is also improving rapidly. Customers are increasing spending on renewable energy, smart grids, factory automation, power transmission and AI infrastructure. Industrial revenues have now posted five consecutive quarters of sequential growth, supported by improving customer inventories and stronger capital spending. In the first quarter of 2026, revenues from the industrial segment increased 7% sequentially and 22% year over year.
Automotive remains another attractive opportunity. Rising electronic content in hybrid and electric vehicles continues to increase semiconductor demand. Vishay has become the leading resistor supplier for several next-generation EV platforms while also expanding design wins in battery management, ADAS, electronic power steering and powertrain systems. First-quarter revenues from the automotive segment increased 3% sequentially and 11% year over year.
The aerospace and defense segment is emerging as another meaningful growth driver as higher government defense spending supports increasing orders for resistors, capacitors and custom magnetics. In the first quarter, revenues from the aerospace and defense segment increased 14% sequentially and 17% year over year. Healthcare demand also remains healthy, supported by wearable devices, patient monitoring and implantable medical technologies. First-quarter revenues from the healthcare segment increased 5% sequentially and 11% year over year.
Capacity Investments Position VSH for the Next UpcycleVishay Intertechnology has spent heavily over the past several years to prepare for stronger industry demand. Capacity expansion projects include its new 12-inch semiconductor fabrication facility in Germany, additional production at Newport, RI, silicon carbide investments and expanded subcontractor partnerships.
Although these investments have temporarily pressured free cash flow, they position Vishay Intertechnology to respond faster than competitors as industry demand strengthens. Management expects the German fab to begin non-automotive production during mid-2027, while new silicon carbide products continue entering production to address fast-growing power semiconductor markets.
Importantly, management believes the current industry recovery is arriving just as these investments become operational, creating an opportunity for both higher revenues and expanding margins over the coming years.
Vishay Intertechnology’s Profitability to Continue ImprovingWhile VSH continues investing aggressively in capacity expansion, profitability is already improving. First-quarter 2026 gross margin expanded to 21% from 19% a year ago as higher shipment volumes offset ongoing material cost inflation. EBITDA margin improved to 9.3% from 7.6% in the year-ago quarter, while GAAP earnings returned to profitability at 5 cents per share from the year-ago quarter’s loss of 3 cents.
Management expects further improvement during the second quarter, guiding for revenues between $875 million and $905 million and gross margin around 22%. Pricing actions implemented earlier this year should gradually offset higher metal costs, while increasing factory utilization is expected to provide additional operating leverage.
The Zacks Consensus Estimate for 2026 and 2027 revenues indicates year-over-year growth of 16.7% and 10.4%, respectively. The consensus mark for 2026 earnings per share is currently pegged at 75 cents, calling for a robust improvement from a loss of 5 cents in 2025. Earnings estimates of $1.54 per share for 2027 indicate a 104.9% year-over-year increase.
Buy-the-Dip Strategy Looks Good for VSH StockThe recent sell-off appears to reflect short-term market fears rather than weakening business fundamentals. Concerns surrounding AI spending, profit-taking across semiconductor stocks and temporary dilution worries have overshadowed a business that is showing stronger demand, rising backlog, expanding margins and improving market share.
While near-term volatility may continue, Vishay Intertechnology appears well-positioned to benefit from the next semiconductor upcycle due to its expanded manufacturing capacity, diversified end-market exposure and improving execution under the Vishay 3.0 strategy.
Although the stock still trades at a premium valuation, that premium appears justified, given its consistent earnings growth and long-term prospects. For investors willing to look beyond current market sentiment, the recent pullback appears to present an attractive opportunity to buy a fundamentally strengthening semiconductor company.
Vishay Intertechnology sports a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Vishay Intertechnology oznámila, že její 2,25% konvertibilní senior notes splatné v roce 2030 jsou od 5. července do 3. října 2026 konvertibilní. Konverzní cena je zhruba 30,16 USD za akcii.
July 06, 2026 08:15 ET | Source: Vishay Intertechnology, Inc.
MALVERN, Pa., July 06, 2026 (GLOBE NEWSWIRE) -- Vishay Intertechnology, Inc. (NYSE: VSH), one of the world's largest manufacturers of discrete semiconductors and passive components, today notified holders of its 2.25% convertible senior notes due 2030 (the "Notes") that the Notes are convertible, at the option of the holders (the "Conversion Option"), beginning July 5, 2026 and ending at the close of business on October 3, 2026. The Notes are convertible into cash, up to the aggregate principal amount of the Notes, and in cash, shares of the Company's common stock or a combination thereof, at the Company's election, in respect of the remainder, if any, of the Company's conversion obligation in excess of the aggregate principal amount of the Notes being converted. Any determination regarding the convertibility of the Notes during future periods will be made in accordance with the terms of the Indenture governing the Notes.
The Notes became convertible as a result of the last reported sale price of shares of the Company's common stock, for at least 20 trading days (whether or not consecutive) during the period of 30 consecutive trading days (including the last trading day of such period) ending on, and including, the last trading day of the fiscal quarter ended July 4, 2026, was greater than 130% of the conversion price in effect on each applicable trading day.
The Notes are convertible at a conversion rate of 33.1609 shares of common stock per $1,000 principal amount of Notes, which is equivalent to a conversion price of approximately $30.16 per share of common stock.
The Company has issued a notice to holders with respect to the Conversion Option specifying the applicable terms, conditions and procedures. The notice is available through HSBC Bank USA, National Association or by requesting a copy from HSBC Bank USA, National Association, which is serving as the conversion agent, at:
HSBC Bank USA, National Association
Attention: CTLANY Client Service Delivery Team / Vishay Intertechnology, Inc.
66 Hudson Blvd East, 545W9
New York, NY 10001
None of the Company, its Board of Directors or its employees has made or is making any representation or recommendation to any holder as to whether to exercise or refrain from exercising the Conversion Option.
This press release is not an offer to sell, nor a solicitation of an offer to buy securities, nor shall there be any sale of these securities in any jurisdiction in which the offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.
About Vishay
Vishay manufactures one of the world’s largest portfolios of discrete semiconductors and passive electronic components that are essential to innovative designs in the automotive, industrial, computing, consumer, telecommunications, military, aerospace, and healthcare markets. Serving customers worldwide, Vishay is The DNA of tech.® Vishay Intertechnology, Inc. is a Fortune 1,000 Company listed on the NYSE (VSH). More on Vishay at www.vishay.com.
Forward-Looking Statements
Statements contained herein that relate to the Company's future cash dividends on its common stock and Class B common stock are forward-looking statements within the safe harbor provisions of Private Securities Litigation Reform Act of 1995. Words such as “to be,” "will be," or other similar words or expressions often identify forward-looking statements. Such statements are based on current expectations only, and are subject to certain risks, uncertainties and assumptions, many of which are beyond our control. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results, performance, or achievements may vary materially from those anticipated, estimated or projected. Among the factors that could cause actual results to materially differ include: general business and economic conditions; manufacturing or supply chain interruptions or changes in customer demand due to political, economic, and health instability and military conflicts and hostilities; delays or difficulties in implementing our cost reduction strategies; delays or difficulties in expanding our manufacturing capacities; an inability to attract and retain highly qualified personnel; changes in foreign currency exchange rates; uncertainty related to the effects of changes in foreign currency exchange rates; competition and technological changes in our industries; difficulties in new product development; difficulties in identifying suitable acquisition candidates, consummating a transaction on terms which we consider acceptable, and integration and performance of acquired businesses; changes in U.S. and foreign trade regulations and tariffs, and uncertainty regarding the same; volatility in prices for metals and materials; changes in applicable domestic and foreign tax regulations, and uncertainty regarding the same; changes in applicable accounting standards and other factors affecting our operations that are set forth in our filings with the Securities and Exchange Commission, including our annual reports on Form 10-K and our quarterly reports on Form 10-Q. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
The DNA of tech® is a trademark of Vishay Intertechnology.
Contact:
Vishay Intertechnology, Inc.
Peter Henrici
Executive Vice President, Corporate Development
+1-610-644-1300
Key Takeaways Vishay posted Q1 2026 revenues of $839M, up 17.3%, supported by broad demand recovery.VSH said Newport reached gross-profit neutrality as Germany fab received major CapEx funding.Vishay's 1.34 book-to-bill ratio and 21% gross margin signal improving factory utilization. Vishay Intertechnology Inc. (VSH - Free Report) is entering a critical phase in which years of aggressive capacity investments could begin to translate into meaningful profit expansion. During the first quarter of 2026, management emphasized that its Vishay 3.0 transformation strategy is gaining traction, as revenues rose 17.3% year over year to $839 million, supported by a broad-based demand recovery across industrial, automotive, aerospace, and AI-related applications. A major pillar of this strategy has been heavy capital investment to expand manufacturing capacity across high-growth product categories.
The company’s two largest investment projects — the Newport semiconductor facility and the new 12-inch fab in Germany — represent the backbone of Vishay’s long-term growth plan. Management disclosed that Newport attained gross-profit neutrality during the first quarter, an important milestone after several quarters of margin drag. Vishay spent $87 million during the quarter alone toward the Germany fab, with nearly half of its full-year $400-$440 million CapEx plan allocated to this facility.
The profitability now depends on efficient utilization. Management expects stronger order momentum to steadily absorb this new capacity. The company ended the first quarter with a 1.34 company-wide book-to-bill ratio and a 21% increase in backlog to $1.6 billion. Higher factory loading, combined with improving pricing actions and volume growth, already improved first-quarter gross margin to 21%, while guidance implies further expansion toward 22% during the second quarter.
Vishay reaffirmed its long-term gross margin target of roughly 31%, but management acknowledged that if demand recovery slows before these large fabs are fully utilized, under-absorption costs and elevated CapEx could pressure profitability longer than expected. The margin expansion story now hinges on demand keeping pace with the company's increasing capacity.
Peer UpdatesDiodes Incorporated (DIOD - Free Report) delivered notable margin expansion in the first quarter of 2026. The company’s gross margin improved 70 basis points sequentially to 31.8%, driven primarily by a stronger revenue mix from higher-margin automotive and industrial businesses. Together, the two categories accounted for 44% of product revenues, up from 42% in the prior quarter.
Improving factory utilization amid stronger demand recovery also supported profitability, while operating leverage became increasingly visible as EBITDA margin expanded to 12.2% from 10.7% in the fourth quarter of 2025. Management expects further margin improvement, guiding gross margin to be 32.8% in the second quarter.
The improvement is likely to be supported by continued demand strength in AI infrastructure, industrial automation and automotive electrification. Given improving utilization, supply discipline and manufacturing efficiency initiatives, DIOD’s margin expansion trend appears sustainable through the remainder of 2026.
Lattice Semiconductor Corporation (LSCC - Free Report) continues to demonstrate strong margin expansion, with adjusted gross margin improving 60 basis points sequentially to 70% in the first quarter of 2026. The operating margin also expanded 370 basis points to 34.4%.
Profitability is being driven by accelerating demand from high-value AI data center and compute applications, which accounted for 62% of revenues, alongside a favorable product mix reflecting the premium value of Lattice Semiconductor’s low-power FPGA portfolio. Rapid year-over-year revenue growth of 42% enabled significant operating leverage, with earnings per share rising more than 80%.
Management expects margins to remain near 70% going forward, although supply-chain cost pressures may rise in the second half of 2026. The pending AMI acquisition, which carries an even higher gross margin profile, should support long-term margin expansion.
VSH’s Price Performance, Valuation and EstimatesShares of VSH have skyrocketed 288.4% so far this year compared with the sector’s 12.8% growth.
Image Source: Zacks Investment Research
From a valuation standpoint, VSH trades at a forward price-to-sales ratio of 6.35X, below the sector average. It is higher than its five-year median of 0.87X. Vishay carries a Value Score of D.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for VSH’s fiscal 2026 earnings implies a 1600% improvement from the year-ago period’s level.
Image Source: Zacks Investment Research
The stock currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
June 29, 2026 16:20 ET | Source: Vishay Intertechnology, Inc.
MALVERN, Pa., June 29, 2026 (GLOBE NEWSWIRE) -- Vishay Intertechnology, Inc. (the “Company,” “Vishay”) (NYSE: VSH) today announced that it has commenced an underwritten public offering of $750.0 million of shares of its common stock. In connection with the proposed offering, Vishay expects to grant the underwriters a 30-day option to purchase up to an additional $112.5 million of shares of its common stock. All of the shares are being offered by Vishay. The proposed offering is subject to market and other conditions, and there can be no assurance as to whether or when the proposed offering may be completed, or as to the actual size or terms of the offering.
Vishay intends to use the net proceeds from the proposed offering to accelerate its growth initiatives and for general corporate purposes, including to reduce current borrowings under its senior secured credit facility. J.P. Morgan is acting as lead book-running manager for the proposed offering. Needham & Company, Oppenheimer & Co., Raymond James, TD Cowen and Truist Securities are also serving as book-running managers. Fifth Third Securities, MUFG, Santander and UniCredit are serving as co-managers.
The proposed offering is being made pursuant to a shelf registration statement on Form S-3, including a base prospectus, that was filed with the U.S. Securities and Exchange Commission (the “SEC”) on June 29, 2026 and automatically became effective upon filing. A preliminary prospectus supplement and accompanying prospectus relating to the proposed offering have been filed with the SEC and are available for free on the SEC’s website located at www.sec.gov. Copies of the preliminary prospectus supplement and the accompanying prospectus relating to the proposed offering may be obtained, when available from: J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at (866) 803-9204, or by email at [email protected] and [email protected].
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Vishay
Vishay manufactures one of the world’s largest portfolios of discrete semiconductors and passive electronic components that are essential to innovative designs in the automotive, industrial, computing, consumer, telecommunications, military, aerospace, and healthcare markets. Serving customers worldwide, Vishay is The DNA of tech.® Vishay Intertechnology, Inc. is a Fortune 1,000 Company listed on the NYSE (VSH).
Forward-Looking Statements
This press release contains certain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Such risks and uncertainties include, but are not limited to, whether or not Vishay will offer the common stock or consummate the offering, the anticipated terms of the offering, the anticipated use of the proceeds from the offering, and the risks set forth under the heading “Risk Factors” in Vishay’s Annual Report on Form 10-K for the year ended December 31, 2025, most recent Form 10-Q and other reports filed from time to time with the SEC. Vishay does not undertake any obligation to publicly update any forward-looking statements to reflect events or circumstances occurring after the date of this press release, except as required by law.
The DNA of tech® is a trademark of Vishay Intertechnology.
Contact:
Vishay Intertechnology, Inc.
Peter Henrici
Executive Vice President, Corporate Development
+1-610-644-1300
Vishay Intertechnology představila nový automobilový fototranzistorový optočlen Automotive Grade VOLA617A pro EV s 800V bateriemi. Nabízí izolační pevnost 5000 VRMS a umožňuje izolaci DC napětí až do 1000 V.
Device Offers Isolation Voltage of 5000 VRMS, VIORM of 1414 Vpeak, and VIOTM of 8000 Vpeak in 4-pin LSOP Low Profile Package
MALVERN, Pa., June 25, 2026 (GLOBE NEWSWIRE) -- Vishay Intertechnology, Inc. (NYSE: VSH) today introduced a new Automotive Grade phototransistor optocoupler designed to deliver signal transmission with high galvanic isolation for electric vehicles (EV) — including emerging 800 V battery architectures — and industrial automation systems. The Vishay Semiconductors VOLA617A combines an isolation voltage of 5000 VRMS with a VIORM of 1414 Vpeak and VIOTM of 8000 Vpeak in a 4-pin LSOP low profile package.
The device released today is ideal for grid-connected on-board chargers (OBC), DC/DC converters, battery management systems (BMS), isolated wake-up signals, and any system control with galvanic and noise isolation. While most automotive optocouplers can’t be used for battery voltages exceeding 500 V — limiting them to traditional 400 V EV platforms — the ability of the VOLA617A to isolate DC voltages up to 1000 V enables its use in next-generation high voltage EV architectures.
The VOLA617A consists of an infrared emitting diode, optically coupled to a silicon planar phototransistor detector in a low profile package with creepage and clearance distances of ≥ 8 mm. The device is available in four current transfer ratio (CTR) ranges and features a high 80 V collector-emitter voltage rating, allowing for more design flexibility.
The optocoupler operates over a wide -40 °C to +125 °C operating temperature — with a junction temperature capability up to +145 °C — while providing low coupling capacitance of 0.5 pF and high common mode transient immunity. Exceeding rigorous requirements for Automotive Grade performance and reliability, the VOLA617A’s robust package provides an extra safety margin by meeting dual AEC-Q102 qualification standards. The device is RoHS-compliant, halogen-free, and Vishay Green.
Samples and production quantities of the VOLA617A are available now, with lead times of eight weeks.
Vishay manufactures one of the world’s largest portfolios of discrete semiconductors and passive electronic components that are essential to innovative designs in the automotive, industrial, computing, consumer, telecommunications, military, aerospace, and medical markets. Serving customers worldwide, Vishay is The DNA of tech.® Vishay Intertechnology, Inc. is a Fortune 1000 Company listed on the NYSE (VSH). More on Vishay at www.Vishay.com.
The DNA of tech® is a registered trademark of Vishay Intertechnology, Inc.
Vishay on Facebook: http://www.facebook.com/VishayIntertechnology
Vishay Twitter feed: http://twitter.com/vishayindust
Links to product datasheets:
http://www.vishay.com/ppg?80342 (VOLA617A)
Link to product photo:
https://www.flickr.com/photos/vishay/albums/72177720334333031
For more information please contact:
Vishay Intertechnology
Peter Henrici, +1 408 567-8400 [email protected]
or
Redpines
Bob Decker, +1 415 409-0233 [email protected]
Vishay v 1. čtvrtletí 2026 zvýšil automobilové tržby mezikvartálně o 2,7 % díky poptávce v Americe a Evropě. Získává podíl díky novým návrhům pro platformy elektromobilů a rozšiřuje se v ADAS, bateriích i pohonech.
Key Takeaways Vishay posted 2.7% sequential automotive revenue growth in Q1 2026, led by Americas and Europe demand.VSH is gaining share through multi-source design wins as OEMs diversify semiconductor suppliers.Vishay is expanding across EV drivetrains, ADAS, battery systems and smart cockpit technologies. Vishay Intertechnology (VSH - Free Report) appears to be steadily strengthening its competitive position in the automotive semiconductor market as accelerating electrification trends create new long-term growth opportunities.
In the first quarter of 2026, the company reported automotive sequential revenue growth of 2.7%, driven primarily by solid OEM demand in the Americas and Europe. However, softer conditions in Asia, caused by Lunar New Year disruptions and tariff-related production shifts, partially offset the growth.
Management emphasized that rising electronic content per vehicle, alongside expanding hybrid and EV production programs, is supporting consistent automotive demand. It confirmed that the company is actively benefiting from share gains through multi-source design wins, particularly as automotive OEMs seek supply diversification.
Vishay disclosed that it has become the leading resistor supplier for multiple OEMs launching new EV platforms. This positions VSH to benefit from the ramp-up in annual vehicle production volumes, with peak production expected in 2028. This significantly improves long-term revenue visibility while strengthening customer relationships.
The company is also expanding its role in high-growth automotive electronics categories. Management highlighted strong design activity across hybrid and EV drivetrains, ADAS (advanced driver-assistance systems), battery management systems, electronic power steering and smart cockpit technologies. All these categories are critical and semiconductor-intensive applications, which are expected to grow faster than overall vehicle production.
Strategically, the company’s Vishay 3.0 transformation strategy, centered on capacity expansion, customer proximity and increased engineering support, is helping it win new automotive programs.
As EV adoption accelerates globally and automakers prioritize supplier diversification, Vishay appears increasingly well positioned to capture additional automotive share. This suggests that the sector could become one of its most durable long-term growth engines over the next several years.
Peer UpdatesTDK Corporation (TTDKY - Free Report) is steadily expanding market share by positioning itself at the center of high-growth technology markets, particularly AI infrastructure, automotive electronics, and industrial equipment. In fiscal 2026, sales rose 13.6% while operating profit jumped 21.5%, both reaching record highs.
The strong growth was supported by broad-based demand growth across passive components, sensors, and magnetic application products. TDK highlighted strong share gains in AI data center infrastructure, where demand for aluminum capacitors, film capacitors, inductors, and power solutions continues to accelerate. TTDKY expects its AI ecosystem business, already over 10% of sales, to grow 25% in fiscal 2027.
The growth is likely to be aided by aggressive capacity expansion, new semiconductor bonding materials, and stronger positioning in high-value HDD heads and HAMR storage technologies. TDK’s strategy of expanding through technologically differentiated products across automotive, industrial, and AI markets is strengthening its competitive moat and supporting sustained share gains globally.
ROHM Co., Ltd. (ROHCY - Free Report) is pursuing market share gains by strengthening its position in power semiconductors, silicon carbide (SiC) devices, and AI server power management solutions, despite ongoing pricing pressure in China. The company projects revenue growth of 6% and operating profit growth of 176% for the fiscal year ending March 2027, driven by accelerating demand across the automotive, industrial and data center markets.
ROHM’s biggest long-term opportunity remains SiC power devices, where management expects over 30% sales growth in fiscal 2026. The growth should be supported by expanding automotive inverter adoption and increasing sales to European and Japanese OEMs, reducing dependence on China.
Simultaneously, the company is aggressively targeting the AI server market, forecasting server-related sales growth from YEN 17 billion to YEN 25 billion in this fiscal year.
ROHCY will leverage its partnerships with NVIDIA, Delta and differentiated technologies, such as DrMOS, GaN, analog controllers and SiC-based power systems, to drive future growth. This broad technology portfolio is helping ROHM expand its share in next-generation power semiconductor markets.
VSH’s Price Performance, Valuation and EstimatesShares of VSH have skyrocketed 283.7% so far this year compared with the sector’s 15% growth.
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From a valuation standpoint, VSH trades at a forward price-to-earnings ratio of 49.08, below the industry average. It is higher than its five-year median of 12.51. Vishay carries a Value Score of D.
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The Zacks Consensus Estimate for VSH’s fiscal 2026 earnings implies a 1600% improvement from the year-ago period’s level.
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The stock currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
