Vishay Intertechnology, Inc. Q3 2026 Earnings Recap

Despite record Q3 revenue and strong bookings, Vishay shares fell 5.1%, with the likely pressure point the cautious Q4 outlook—which management had yet to detail in the provided transcript. The available excerpt reports results through the start of the automotive update, so it does not establish a specific guidance cut or other cause for the selloff.

Key Takeaways

• Revenue was $979 million, above the company’s $945 million–$975 million guidance range; it rose 7% sequentially and 24% year over year.
• Bookings increased 15%; quarter-end backlog reached $2.2 billion, or 6.6 months, and overall book-to-bill was 1.29.
• Industrial revenue grew 12% quarter over quarter and 43% year over year. Automotive revenue rose 4% sequentially and 7% year over year.
• Passives accounted for 52% of quarterly sales. Management cited record resistor bookings and tight supply across high-demand semiconductors and passives.
• Customers increased consumption of Vishay units through distribution by 57% year over year, according to management.