Vishay Intertechnology, Inc. Q1 2026 Earnings Recap

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.