Vishay Intertechnology, Inc. Earnings Recaps
Q1 2026
May 14, 2026
Vishay's shares surged 14.5% following a quarter that delivered revenue above guidance, broad-based volume growth, expanding backlog, and robust book-to-bill ratios—signaling strong demand and successful execution on its Vishay 3.0 strategy.
Key takeaways
- Q1 revenue reached $839 million, beating the guidance range of $800 million to $830 million and increasing 4.8% sequentially and 17.3% year-over-year.
- Volume grew 5.8% with gains in both semiconductors and passives, driven by replenishment, market share gains, and accelerating industrial demand.
- Book-to-bill at quarter end was 1.34 (up from 1.2), with semiconductor book-to-bill at 1.47 and passives at 1.23, supporting a 21% backlog increase to $1.6 billion (5.7 months).
- Automotive revenue rose 2.7% sequentially supported by EV program ramps and strong OEM demand in Americas and Europe.
- Industrial power revenue increased 6.5%, marking the fifth consecutive quarter of sequential growth, fueled by AI infrastructure, smart grid, renewable energy, and power management projects.
Q3 2025
Nov 6, 2025
Vishay Intertechnology delivered solid Q3 2025 results with a 4% sequential revenue growth to $791 million, driven by increased demand across key sectors including automotive and industrial, despite a slight dip in book-to-bill ratios.
Key takeaways
- Automotive revenue surged 7% quarter-over-quarter, supported by increased pull rates from Tier 1 customers and broader engagement with OEMs.
- Total orders rose 19% year-over-year, indicating improving market conditions, particularly in automotive, aerospace, and AI-powered applications.
- Revenue from the industrial segment increased 2%, bolstered by shipments for smart grid initiatives, signaling potential growth in this sector.
- The backlog is steadily increasing, reflecting strong customer demand despite a continuing trend of short-term delivery requests.
- Aerospace defense revenue dipped 2% as funding delays impacted major program initiations, although there are signs of recovery with new orders expected.