Vishay Intertechnology (VSH)
NYSE:VSH
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Earnings Data
Report Date
Aug 12, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.15Last Year’s EPS
-0.07Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed clear operational momentum: revenue beat, broad‑based demand, improving book‑to‑bill and backlog, margin progress, and visible progress on strategic capacity projects (Newport and 12-inch fab). At the same time, significant near‑term financial headwinds remain — negative free cash flow driven by heavy CapEx, elevated tax guidance, working capital build, input cost pressures, and U.S. revolver usage. Management portrays these negatives as temporary tradeoffs tied to purposeful capacity investments to capture an upcycle. Overall the tone is constructive and growth‑oriented but cautious on near‑term cash and margin volatility.Company Guidance
Revenue Beat and Strong Growth
Reported Q1 revenue of $839 million, above guidance ($800M–$830M), up 4.8% sequentially and 17.3% year‑over‑year.
Volume-Led Demand Expansion
Volume grew ~6% sequentially (driving the revenue increase) while average selling prices declined only ~1%; company cited broad-based demand across end markets, channels, regions and technologies.
Improving Book-to-Bill and Backlog
Total company book‑to‑bill rose to 1.34 (semiconductors 1.47, passives 1.23). Backlog increased ~21% to $1.6 billion, representing ~5.7 months of backlog.
Margin and Profitability Improvement
Gross profit was $177 million with gross margin of 21% (improved versus prior quarter). GAAP operating margin improved to 2.6% (from 1.8% in Q4) and GAAP EPS was $0.05 compared with $0.01 in Q4 and a $0.03 loss a year ago; EBITDA was $78 million (9.3% margin).
Cash Conversion and Working Capital Progress
Cash conversion cycle improved to 116 days from 125 days; DSO improved to 41 days (from 48); inventory days improved to 106 days though inventory balance was $791 million.
Strategic Capacity Investments Advancing
Q1 CapEx was $111 million (≈ $87M for 12-inch German fab). Company reaffirmed 2026 CapEx target of $400M–$440M and expects the 12-inch investment to be mostly spent in 2026; equipment installation at German fab underway.
Broad End‑Market Strength
Sequential end‑market gains included industrial power +6.5%, aerospace & defense +16.8%, automotive +2.7%, healthcare +4.5%. Geographic strength: Europe +15.3%, Americas +8.6%.
Product & Technology Progress
New product/capacity milestones: Newport wafer ramping, Newport moved toward 8-inch SiC capability, 12-inch fab equipment installation, 750V Gen2 planar SiC MOSFETs released to production, additional subcontractor qualifications for rectifiers and aluminum capacitors.
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 |
|---|---|---|---|
May 13, 2026 | $33.63 | $38.50 | +14.48% |
Feb 04, 2026 | $20.62 | $19.75 | -4.24% |
Nov 05, 2025 | $15.89 | $15.12 | -4.84% |
Aug 06, 2025 | $15.70 | $13.49 | -14.05% |
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 Aug 12, 2026, Before Open (Confirmed).
What is Vishay Intertechnology (VSH) earnings time?
Vishay Intertechnology (VSH) earnings time is at Aug 12, 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 (Q2) is 0.15.