# Vishay Intertechnology, Inc. (VSH)

> Source: Nexqual · https://nexqual.com/VSH · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Vishay Intertechnology, Inc. (VSH), nexqual.com/VSH" · informational, not investment advice.

**Price:** USD 27.03 (-9.54% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 29.88 · day 26.84–28.36 · 52w 11.77–69.47 · market cap $4.15B · NYQ

## Key facts
- Last four reported quarters (through Jul 4, 2026): revenue $3.32B, net income $28.4M (0.9% margin), free cash flow -$7.0M (SEC filings).
- Valuation: P/E 146.0x (avg 10.4x at the last 1 fiscal year-ends), EV/EBITDA 11.5x, net cash $325M.
- Earnings quality: non-operating income -$36.9M vs operating income $110M over the last four quarters; P/E excluding non-operating income ≈79.2x (estimate: non-operating income taxed at the company's 35% effective rate).
- 1 of 80 tracked superinvestors hold VSH (13F, Q2 2026): 0 new, 0 added, 1 reduced, 0 unchanged.
- Insider open-market sales, last ~7 months: 1 Form 4 filings, $594K; 0 not under a Rule 10b5-1 plan ($0K); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Buy (mean 2.29 on a 1–5 scale) (7 analysts), mean target USD 40.5 (range 26–45).
- Total return with dividends: 1Y +62.5% vs S&P 500 +14.9%; 5Y +54.1% vs S&P 500 +80.3%.
- Next earnings: 2026-11-04, EPS estimate USD 0.28, revenue estimate $964M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $3.24B | $3.50B | $3.40B | $2.94B | $3.07B | $3.32B |
| Gross profit | $888M | $1.06B | $974M | $626M | $595M | — |
| Operating income | $468M | $615M | $486M | $5.6M | $56.9M | $110M |
| Net income | $298M | $429M | $324M | -$31.1M | -$9.0M | $28.4M |
| EPS (diluted) | $2.05 | $2.98 | $2.31 | -$0.23 | -$0.07 | — |
| Free cash flow | $239M | $159M | $36.3M | -$146M | -$89.0M | -$7.0M |
| Gross margin | 27.4% | 30.3% | 28.6% | 21.3% | 19.4% | — |
| Operating margin | 14.4% | 17.6% | 14.3% | 0.2% | 1.9% | 3.3% |
| Net margin | 9.2% | 12.3% | 9.5% | -1.1% | -0.3% | 0.9% |
| Revenue growth | +29.5% | +7.9% | -2.7% | -13.7% | +4.5% | — |
| Cash + short-term investments | $774M | $611M | $973M | $590M | $515M | — |
| Total debt | $456M | $501M | $818M | $905M | $951M | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jul 4, 2026)
P/E 146.0x · P/E ex non-operating (est.) ≈79.2x · P/S 1.3x · EV/EBITDA 11.5x · EV/Sales 1.1x · P/B 1.4x · FCF yield -0.17% · Earnings yield 0.68% · Buyback yield (TTM) 0.00% · Net cash $325M · EV $3.82B
P/E at fiscal year-ends: Dec 2023 10.4x.

## Superinvestors (SEC 13F-HR, Q2 2026)
1 of 80 tracked investors hold VSH. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| First Eagle Investment | First Eagle Investment Management | 0.07% | $43.9M | Reduced -23.3% |

## Insider sales (SEC Form 4, open-market, last ~7 months)
1 of 1 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-10-02 | Zilberman Raanan | Director | 16,575 | $594K | 34.2% | Yes | Too little history (no open-market trades in 2023 or 2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Analysts
Consensus Buy (mean 2.29 on a 1–5 scale), 7 analysts; mean target USD 40.5 (low 26, high 45).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-08 | Oppenheimer | Target raised | Outperform | $42 → $45 |
| 2026-09-15 | Oppenheimer | Initiated | Outperform | $42 |
| 2026-09-03 | Truist Securities | Initiated | Buy | $42 |
| 2026-08-04 | Raymond James | Initiated | Outperform | $40 |
| 2026-08-04 | Needham | Initiated | Buy | $45 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +62.5% | +54.1% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +62.8% | +9.0% |
| Volatility (annualized) | 69.4% | 45.8% |
| Max drawdown | -58.2% (Jun 2026→Oct 2026) | -60.8% (Jun 2023→Apr 2025) |

## Peers (Semiconductors)
SYNA (Synaptics Incorporated) USD 117.04 -0.39% · DIOD (Diodes Incorporated) USD 81.64 -8.10% · PI (Impinj, Inc.) USD 162.7 -9.01% · CRUS (Cirrus Logic, Inc.) USD 110.49 -0.14% · ALGM (Allegro MicroSystems, Inc.) USD 31.69 -8.17% · MXL (MaxLinear, Inc) USD 65.28 -13.87%

## More
Full page: https://nexqual.com/VSH · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in VSH's own 10-K filed 2026-02-13 (https://www.sec.gov/Archives/edgar/data/103730/000010373026000019/form10k.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Supplier | Newport | "We plan to use the Newport wafer fabrication facility to further develop and scale our SiC MOSFETs and diodes capabilities." |

Other companies that name VSH in their own reports (relationship from VSH's side):

| Relationship | Company | Their filing | Sentence |
|---|---|---|---|
| customer | GCT Semiconductor Holding, Inc. (GCTS) | 10-K 2026-03-25 | "Mr. Sum was Test/Wafer fab processing Engineering at Siliconix, the predecessor company of Vishay Intertechnology, Inc., a mixed signal, analog semiconductor company." |
| partner | Vishay Precision Group, Inc. (VPG) | 10-K 2026-02-27 | "Finally, Vishay Intertechnology will have the right to terminate the license agreement, in certain extreme circumstances, if we are in material and repeated breach of the terms of the agreement, which…" |

## Revenue by business segment (quarter ended 2026-07-04)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Resistors | $215.0M | 24.2% | +10.4% |
| Mosfets | $188.9M | 21.3% | +27.1% |
| Diodes | $187.0M | 21.0% | +26.4% |
| Capacitors | $153.4M | 17.3% | +26.7% |
| Inductors | $104.2M | 11.7% | +8.9% |
| Optoelectronic Components | $70.1M | 7.9% | +29.5% |
| Total revenue | $888.6M | 100% | — |
The lines above cover 103.4% of total revenue.

## Revenue by region (quarter ended 2026-07-04)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Asia | $377.1M | 42.4% | +18.8% |
| Europe | $305.0M | 34.3% | +18.9% |
| Americas | $236.4M | 26.6% | +25.6% |
| Total revenue | $888.6M | 100% | — |
The lines above cover 103.4% of total revenue.

## Company outlook (8-K filed 2026-08-05)

- "For the third quarter of 2026, management expects revenues in the range of $945 million and $975 million and a gross profit margin in the range of 24.0% +/- 50 basis points."

Analysts expect $963.7M for the current quarter, +0.4% vs the guidance midpoint $960.0M. Source: https://www.sec.gov/Archives/edgar/data/103730/000010373026000064/exhibit99-1.htm

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $0.28 | $0.25 | +11.8% | $963.7M | 6 |
| Next quarter (ends 2026-12-31) | $0.31 | $0.32 | -3.3% | $985.1M | 6 |
| Current fiscal year (ends 2026-12-31) | $0.84 | $0.75 | +11.6% | $3.71B | 7 |
| Next fiscal year (ends 2027-12-31) | $1.74 | $1.54 | +13.1% | $4.30B | 7 |