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Vishay Intertechnology (VSH)
NYSE:VSH
Earnings Data
Report Date
May 13, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.01Last Year’s EPS
-0.03Same Quarter Last Year
Moderate Sell
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a predominantly constructive operational picture: revenue growth, strong bookings and backlog, product and capacity investments, improved working capital and positive cash generation in the quarter, and meaningful product/technology milestones (Gen3 trench MOSFETs, reference designs). Offsetting risks include margin pressure from the Newport fab and elevated materials costs, higher SG&A, short-term capital intensity leading to expected negative free cash flow in 2026, and some segment/region seasonality. Overall, the company emphasized improving demand momentum and execution under its Vishay 3.0 plan and guided toward sequential revenue growth and near‑term margin stabilization.Company Guidance
Quarterly Revenue Beat and Sequential Growth
Q4 revenue was $801M, slightly above the midpoint guidance of $790M and up ~1.3% sequentially (company commentary; CFO cited +1% sequential). Revenue increased 12% year-over-year, driven by an 11% increase in volume and a favorable FX tailwind (~+3%), partially offset by a ~1% decline in average selling prices.
Strong Order Trends, Backlog and Book-to-Bill
Orders reached a three‑year high across most product technologies and channels. Book-to-bill ended the quarter at 1.2 (up from ~1.15), with semiconductors at 1.27 and passives at 1.13. Backlog grew nearly 14% sequentially and totaled ~$1.3B (4.9 months of backlog).
Broad-Based Demand and Regional Strength in Asia
Revenue growth was broad-based across end markets (automotive, industrial power, aerospace & defense, AI computing, healthcare) and channels (OEM, EMS, distribution). Asia drove the quarter with +3.6% revenue growth versus Q3; The Americas and Europe were essentially flat (year‑end seasonal effects).
Improved Working Capital and Cash Generation
Cash conversion cycle improved to 125 days from 130 days; DSO improved from 53 to 48 days following securitization; inventory decreased by $759M and inventory days improved to 107 days. Operating cash flow for the quarter was $149M (including $62M from securitization); free cash flow was $55M in Q4.
Profitability Progress Year-over-Year
Gross profit was $157M with a gross margin of 19.6%, modestly above midpoint guidance and Q3. GAAP EPS was $0.01 in Q4 versus losses in prior periods (loss of $0.06 in Q3 and $0.49 in 2024). EBITDA was $70M (8.8% margin).
Execution on Capacity and Product Investments
Company continues capacity expansion (12-inch fab investments, Taiwan and Turin ramps). Q4 CapEx was $95M (Q4 included $75M for capacity expansion); full‑year CapEx was $273M (below guidance due to equipment delays).
Technology and Product Achievements
Released eight Gen2 1200V planar SiC MOSFETs and first trench (Gen3) 1200V MOSFET for industrial and automotive; released three reference designs (two eFuses and an isolated current sensor). Over 100 automotive part numbers released for production and 10,000+ part numbers qualified via subcontractor initiative.
Q1 Guidance and 2026 Investment Plan
Q1 revenue guidance of $800M–$830M; gross margin guided to ~19.9% ±50bps. 2026 CapEx expected $400M–$440M (more than half for 12-inch fab) with plan to return to lower capital intensity after the 2026 peak.
VSH Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
VSH Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 04, 2026 | $20.74 | $19.86 | -4.24% |
Nov 05, 2025 | $15.98 | $15.21 | -4.82% |
Aug 06, 2025 | $15.79 | $13.57 | -14.06% |
May 07, 2025 | $13.17 | $11.89 | -9.72% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Vishay Intertechnology (VSH) report earnings?
Vishay Intertechnology (VSH) is schdueled to report earning on May 13, 2026, Before Open (Confirmed).
What is Vishay Intertechnology (VSH) earnings time?
Vishay Intertechnology (VSH) earnings time is at May 13, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is VSH EPS forecast?
VSH EPS forecast for the fiscal quarter 2026 (Q1) is 0.01.