Vishay Intertechnology (VSH) AI Stock Analysis

• Market Cap: $2.54B
• Dividend Yield: 2.67%
• Average Volume (3M): 1.94M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.85
• Revenue Growth: -0.84%
• EPS Growth: -189.44%
• Country: US
• Employees: 22,700
• Sector: Technology
• Sector Strength: 88
• Industry: Semiconductors
• EPS (TTM): 0.01
• Shares Outstanding: 123,697,090
• 10 Day Avg. Volume: 3,374,472
• 30 Day Avg. Volume: 1,939,362
• PEG Ratio: 3.07
• Price to Book (P/B): 0.94
• Price to Sales (P/S): 0.64
• P/FCF Ratio: -22.10
• Enterprise Value/Market Cap: 1.26
• Enterprise Value/Revenue: 1.04
• Enterprise Value/Gross Profit: 5.37
• Enterprise Value/Ebitda: 11.06
• 1Y Price Target: $17.50
• Price Target Upside: -6.52% Downside
• Rating Consensus: Moderate Sell
• Number of Analyst Covering: 2
• EPS Forecast (FY): 0.59
• Revenue Forecast (FY): $3.38B

• Rating: 55 Neutral
• Price Target: $20.50 ▲(9.51% Upside)
• Action: Reiterated Date: 02/14/26
• Date: Action: Reiterated 02/14/26

The score is held back primarily by weak financial performance (losses, compressed margins, and negative free cash flow), partially offset by a resilient balance sheet and constructive technical trend. Earnings-call signals point to improving demand and sequential growth, but near-term cash flow and margin pressure from high CapEx and Newport/input costs limit upside. Valuation remains less compelling due to negative earnings despite a moderate dividend yield.

Positive Factors

Resilient balance sheet

The company’s balance sheet shows a meaningful equity buffer (~$2.1B) against ~$4.2B of assets and manageable absolute debt (~$1.17B). That capital base provides structural financial flexibility to fund capital projects, sustain the dividend and absorb cyclical downturns while management executes recovery plans.

Diversified products and end-market exposure

Vishay’s broad product portfolio (passives and discretes) and exposure to multiple end markets reduce single-industry cyclicality. Mix across automotive, industrial, defense, AI and healthcare provides enduring demand channels and regional diversification (notably Asia strength), supporting more stable revenue over the medium term.

Strong order trends and backlog growth

Elevated bookings, a book-to-bill above 1 and nearly $1.3B of backlog give multi-quarter revenue visibility and support utilization plans. This durable demand signal improves planning for capacity ramps and helps cushion near-term revenue and margin recovery as production catches up to orders.

Negative Factors

Compressed margins and net losses

The move to net losses and a materially lower gross margin (from ~30% in prior years to ~19% TTM) indicate weakened pricing power, mix shifts or under-absorption. Persistent margin compression undermines durable profitability and internal cash generation, increasing dependency on structural recovery rather than short-term fixes.

High capital intensity and negative FCF outlook

A multi-hundred-million-dollar CapEx program (12-inch fab) and an expected negative FCF year materially constrain cash available for buybacks or rapid deleveraging. Elevated investment needs raise reliance on external liquidity and pressure financial flexibility until capacity investments begin to contribute positively to margins and cash flow.

Newport fab and input-cost margin headwinds

Operational drag from the Newport fab and sustained higher input costs are structural margin headwinds rather than transitory noise. Until fab issues are resolved and cost pass-throughs or mix improvements materialize, margin recovery will be limited, keeping earnings and cash generation under pressure.

Vishay Intertechnology Business Overview & Revenue Model

Company Description

Vishay Intertechnology, Inc. manufactures and supplies discrete semiconductors and passive electronic components in Asia, Europe, and the Americas. It operates through six segments: Metal Oxide Semiconductor Field Effect Transistors (MOSFETs), Diodes, Optoelectronic Components, Resistors, Inductors, and Capacitors. The MOSFETs segment offers low- and medium-voltage TrenchFET MOSFETs, high-voltage planar MOSFETs, high voltage Super Junction MOSFETs, power integrated circuits, and integrated function power devices. The Diodes segment provides rectifiers, small signal diodes, protection diodes, thyristors/silicon-controlled rectifiers, and power modules. The Optoelectronic Components segment contains standard and customer specific optoelectronic components, such as infrared (IR) emitters and detectors, IR remote control receivers, optocouplers, solid-state relays, optical sensors, light-emitting diodes, 7-segment displays, and IR data transceiver modules. The Resistors segment offers resistors, which are basic components used in various forms of electronic circuitry to adjust and regulate levels of voltage and current. The Inductors segment provides inductors for use as an internal magnetic field to change alternating current phase and resist alternating current. The Capacitors segment offers capacitors, which store energy and discharge it when needed. The company sells its products under Siliconix, Dale, Draloric, Beyschlag, Sfernice, MCB, UltraSource, Applied Thin-Film Products, IHLP, HiRel Systems, Sprague, Vitramon, Barry, Roederstein, ESTA, and BCcomponents brands. It serves industrial, computing, automotive, consumer, telecommunications, power supplies, military, aerospace, and medical end markets. Vishay Intertechnology, Inc. was incorporated in 1962 and is headquartered in Malvern, Pennsylvania.

How the Company Makes Money

Vishay Intertechnology generates revenue primarily through the sale of its electronic components to original equipment manufacturers (OEMs) and electronic manufacturing services (EMS) providers. The company offers a diverse product portfolio that caters to numerous industries, allowing it to capitalize on various market demands. Key revenue streams include the sale of passive components, such as resistors and capacitors, and discrete semiconductors like diodes and MOSFETs. Additionally, Vishay benefits from long-term relationships and partnerships with major players in the electronics sector, which help to secure steady orders and foster customer loyalty. Factors contributing to its earnings include technological advancements in product design, the growing demand for electronic devices, and the increasing complexity of electronic systems across multiple industries.

Vishay Intertechnology Financial Statement Overview

Summary

Overall fundamentals are pressured by sharply weaker profitability and cash conversion. Income statement quality has deteriorated (net losses and materially lower gross margin ~19% TTM; EBIT margin ~1.6%), and free cash flow is negative in 2024 and TTM (about -$89M). The balance sheet is comparatively sturdier (meaningful equity buffer and manageable leverage), but rising debt alongside weak earnings increases reliance on a recovery.

Income Statement

Profitability has deteriorated sharply versus prior years: the company moved from solid profits in 2021–2023 to losses in 2024 and TTM (Trailing-Twelve-Months), and operating profitability is now thin (EBIT margin ~1.6% in TTM). Revenue is stabilizing with a modest +2.9% growth in TTM after a decline in 2024, but margins have compressed meaningfully (gross margin down from ~30% in 2022 to ~19% in TTM), indicating weaker pricing/power, mix, and/or under-absorption. Strength: the business remains EBITDA-positive in TTM, suggesting core operations still generate earnings before non-cash/other items; weakness: net losses and reduced margin structure raise execution and cycle-risk concerns.

Balance Sheet

The balance sheet looks relatively resilient with equity of ~$2.1B against total assets of ~$4.2B in TTM, providing a meaningful capital buffer. Leverage appears manageable in absolute terms (total debt ~$1.17B in TTM), and recent return on equity is slightly negative due to net losses rather than an overly levered structure. Key watch-out: debt has trended up since 2020–2023 levels, and with profitability under pressure, debt service flexibility depends more heavily on a margin recovery.

Cash Flow

Cash generation has weakened: operating cash flow is positive in TTM (~$184M) but well below 2021–2022 levels, and free cash flow is negative in both 2024 and TTM (TTM about -$89M). This implies reinvestment and/or working-capital demands are outpacing operating inflows, limiting financial flexibility and shareholder-return capacity. Strength: operating cash flow remains positive despite net losses; weakness: sustained negative free cash flow and a steep decline in free-cash-flow growth in TTM point to near-term funding and cycle sensitivity.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	3.07B	2.94B	3.40B	3.50B	3.24B
Gross Profit	594.88M	626.29M	974.49M	1.06B	887.91M
EBITDA	288.90M	235.74M	676.91M	774.63M	619.18M
Net Income	-8.98M	-31.15M	323.82M	428.81M	297.97M
Balance Sheet
Total Assets	4.23B	4.11B	4.24B	3.87B	3.54B
Cash, Cash Equivalents and Short-Term Investments	515.23M	606.42M	1.01B	916.10M	920.85M
Total Debt	1.17B	1.03B	947.50M	634.75M	579.04M
Total Liabilities	2.15B	2.08B	2.04B	1.82B	1.80B
Stockholders Equity	2.09B	2.03B	2.20B	2.05B	1.74B
Cash Flow
Free Cash Flow	-88.98M	-146.38M	36.29M	158.98M	238.73M
Operating Cash Flow	184.31M	173.70M	365.70M	484.29M	457.10M
Investing Cash Flow	-257.93M	-512.46M	-72.85M	-528.93M	-230.48M
Financing Cash Flow	-19.66M	-35.40M	61.06M	-101.02M	-58.81M

Vishay Intertechnology Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 18.72
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For VSH, the sentiment is Neutral. The current price of 18.72 is below the 20-day moving average (MA) of 19.65, above the 50-day MA of 17.75, and above the 200-day MA of 15.90, indicating a neutral trend. The MACD of 0.37 indicates Positive momentum. The RSI at 47.62 is Neutral, neither overbought nor oversold. The STOCH value of 52.14 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for VSH.

Vishay Intertechnology Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DIOD	75 Outperform	$3.13B	47.90	3.60%	―	10.45%	4.37%
FORM	73 Outperform	$7.70B	142.23	5.48%	―	2.29%	-69.81%
SIMO	73 Outperform	$4.39B	35.36	15.25%	2.22%	-2.26%	9.74%
POWI	64 Neutral	$2.66B	122.18	3.11%	2.27%	10.50%	-52.00%
KLIC	62 Neutral	$3.65B	-57.79	-7.19%	1.77%	-7.38%	99.38%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
VSH	55 Neutral	$2.54B	-282.78	-0.44%	2.67%	-0.84%	-189.44%

Vishay Intertechnology Corporate Events

Vishay Intertechnology Declares Quarterly Cash Dividend for Shareholders

On February 12, 2026, Vishay Intertechnology’s board declared a quarterly cash dividend of $0.10 per share on both its common stock and Class B common stock. The dividend will be paid on March 26, 2026, to shareholders of record as of the close of business on March 12, 2026, underscoring the company’s continued practice of returning capital to investors.

The announcement signals ongoing confidence from the board in Vishay’s financial position and cash-generation capabilities, which may be viewed positively by income-focused shareholders. However, the company emphasized that any future dividends will remain subject to board approval, leaving the longer-term payout trajectory contingent on business conditions and strategic priorities.

The most recent analyst rating on (VSH) stock is a Sell with a $15.00 price target. To see the full list of analyst forecasts on Vishay Intertechnology stock, see the VSH Stock Forecast page.

Vishay Intertechnology Declares Quarterly Cash Dividend

On November 19, 2025, Vishay Intertechnology announced a quarterly cash dividend of $0.10 per share for both common stock and Class B common stock, to be distributed on December 12, 2025, to shareholders recorded by December 3, 2025. This declaration reflects the company’s ongoing commitment to returning value to its shareholders and may influence its market positioning by reinforcing investor confidence.

The most recent analyst rating on (VSH) stock is a Hold with a $12.50 price target. To see the full list of analyst forecasts on Vishay Intertechnology stock, see the VSH Stock Forecast page.