Vishay Intertechnology, Inc. VSH

Information TechnologySemiconductors & Semiconductor EquipmentUnited States of America

Last close 27.22 USD on Nov 3, 2026, +89.8% year to date

Quant rating

Quant rating C Rank 225 of 389 in Information Technology

Growth B 93 of 389
Valuation C 183 of 389
Quality C 192 of 389
Revisions C 204 of 389
Momentum C 261 of 389

Wall Street consensus Buy (2.25)Average target 38.38 USD +41.0%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 4.2B
Enterprise value: 3.8B
52-week range: 11.79 – 69.36
3-year range: 10.57 – 69.36
Dividend yield: 1.57%
Beta (5 years): 1.91
Shares outstanding: 153M
Next earnings: Nov 4, 2026

About the company

Vishay Intertechnology, Inc. is engaged in manufacturing a portfolio of discrete semiconductors and passive electronic components, which supports designs in the automotive, industrial, computing, consumer, telecommunications, military, aerospace, and healthcare markets. The Company manufactures and markets electronic components that cover a range of functions and technologies. The Company's products include commodities, non-commodity, and custom products. Its brands include Siliconix, Dale, Draloric, Beyschlag, Sfernice, MCB, UltraSource, Applied Thin-Film Products, IHLP, HiRel Systems, Sprague, Vitramon, Barry, Roederstein, ESTA, BCcomponents, and Ametherm. Its semiconductor products include metal oxide semiconductor field-effect transistors (MOSFETs), diodes, and optoelectronic components. Its semiconductor components are used for a variety of functions, including switching, amplifying, rectifying, routing, or transmitting electrical signals, power conversion, and power management.

Growth and profitability fiscal year ends December 31

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	3,069	2,938	3,402	3,497	3,240	–
Revenue growth	4.5%	−13.7%	−2.7%	7.9%	29.5%	4.2%
EPS (basic, normalized)	−0.05	0.48	2.44	3.16	2.32	–
EPS growth	–	−80.3%	−22.8%	36.2%	–	–
Gross margin	19.4%	21.3%	28.6%	30.5%	27.4%	25.4%
Net margin	−0.3%	−1.1%	9.5%	12.3%	9.2%	5.9%
ROE	−0.4%	−1.5%	15.3%	22.6%	18.0%	10.8%

Balance sheet, last quarter
Cash & short-term investments (mil)	1,303
Current ratio	1.80x
Long-term debt (mil)	235
Net debt (mil)	−330
Total equity (mil)	2,913
Net debt / equity	−0.11x
Net debt / EBITDA	−1.25x

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2025 actual	3,069	+4.5%	1.3x	264	−14.0%	14.5x	−0.05	−110.4%	−544.4x
2026	3,703	+20.7%	1.0x	469	+77.5%	8.2x	0.84	+1,785.8%	32.3x
2027	4,304	+16.2%	0.9x	700	+49.2%	5.5x	1.75	+107.5%	15.6x
2028	4,748	+10.3%	0.8x	932	+33.2%	4.1x	2.74	+56.6%	9.9x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2026	3,703	0.0%	+0.9%	+7.6%	0.84	0.0%	+6.9%	+61.1%
2027	4,304	0.0%	+1.4%	+15.5%	1.75	0.0%	+5.8%	+61.4%
2028	4,748	0.0%	+1.3%	–	2.74	0.0%	+0.1%	–

Earnings surprises EPS beat in 3 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales reported (mil)	746	741	735	715	715	762	791	801	839	889
Sales mean (mil)	736	755	749	722	716	762	779	790	823	895
Surprise	+1.4%	−1.8%	−1.8%	−0.9%	−0.1%	0.0%	+1.5%	+1.3%	+2.0%	−0.7%
EPS reported	0.22	0.17	0.08	0.00	−0.03	0.01	0.04	0.01	0.05	0.19
EPS mean	0.21	0.15	0.14	0.12	−0.01	0.03	0.04	0.02	0.03	0.14
Surprise	+2.3%	+9.7%	−44.2%	−100.0%	−200.0%	−66.7%	+9.1%	−50.0%	+66.7%	+34.5%

Peer comparison Semiconductors & Semiconductor Equipment

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
VSH Vishay Intertechnology, Inc.	4.2B	−1.25x	−0.3%	1.43x	32.3x	15.6x	8.2x	5.5x
NVDA NVIDIA Corporation	4.98T	−0.47x	55.6%	21.80x	22.2x	13.0x	17.9x	10.6x
AVGO Broadcom Inc	1.59T	0.82x	36.2%	15.91x	28.8x	17.3x	22.3x	13.7x
MU Micron Technology, Inc.	967.5B	−0.35x	63.8%	6.99x	4.9x	4.2x	3.8x	3.2x
AMD Advanced Micro Devices, Inc.	790.0B	−1.16x	12.3%	11.75x	63.2x	30.1x	47.9x	22.8x
INTC Intel Corp	321.8B	0.87x	−0.5%	2.80x	40.9x	33.4x	15.3x	12.8x
Mean		−0.25x	27.9%	10.11x	32.1x	18.9x	19.2x	11.4x
Median		−0.41x	24.3%	9.37x	30.5x	16.4x	16.6x	11.7x

Technical analysis

1M−28.7%
3M−22.9%
1Y+65.0%
3Y+22.4%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Vishay Intertechnology, Inc., fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Total revenue	3,069	2,938	3,402	3,497	3,240	2,502
Cost of revenue	2,474	2,311	2,428	2,432	2,353	1,915
Gross profit	595	626	974	1,066	888	586
Selling, general & administrative expenses	525	502	478	435	412	365
Research & development	–	–	–	–	–	–
Depreciation/amortization	13.2	11.7	9.9	8.1	7.8	8.1
Interest expense (income), operating	–	–	–	–	–	–
Unusual expense (income)	0	107	18.9	7.2	0	11.9
Other operating expenses	0	0	0	0	0	0
Operating income	56.9	5.6	467	615	468	202
Net interest income (expense)	−25.4	−1.7	8.2	−10.7	−20.0	−29.7
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	−6.0	−6.3	−8.1	−11.3	−13.2	−13.6
Net income before taxes	25.5	−2.4	467	594	435	158
Provision for taxes	34.5	27.4	142	163	136	34.7
Minority interest	0	−1.4	−1.7	−1.7	−1.0	−0.9
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	−9.0	−31.1	324	429	298	123
Extraordinary items	–	–	–	–	0	0.2
Net income	−9.0	−31.1	324	429	298	123
EBIT, normalized	59.2	113	486	623	468	214
EBITDA, normalized	284	323	671	787	635	380
Basic EPS, normalized	−0.05	0.48	2.44	3.16	2.32	–

Balance sheet in millions of USD, fiscal years

Balance sheet, Vishay Intertechnology, Inc., fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & short-term investments	515	606	1,009	916	921	778
Receivables	382	402	427	416	396	339
Total inventory	759	689	648	619	536	448
Prepaid expenses	231	218	214	170	157	132
Other current assets	0	0	0	0	0	0
Total current assets	1,887	1,916	2,297	2,121	2,010	1,697
Property, plant & equipment	1,793	1,664	1,421	1,262	1,097	1,046
Goodwill	180	179	201	201	165	158
Intangibles	78.5	87.2	72.3	77.9	67.7	66.8
Long-term investments	–	–	–	–	–	–
Note receivable	–	–	–	–	–	–
Other long-term assets	295	265	248	203	203	187
Total assets	4,234	4,111	4,240	3,866	3,543	3,154
Liabilities
Accounts payable	215	216	191	189	254	196
Payable/accrued	–	–	–	–	–	–
Accrued expenses	435	384	372	398	358	346
Short-term debt	0	0	0	0	0	0
Current portion of long-term debt	–	–	–	–	–	–
Other current liabilities	70.9	108	129	139	81.7	20.5
Total current liabilities	720	708	692	726	694	562
Long-term debt	951	905	818	501	456	395
Minority interest	–	0	4.7	3.9	3.0	2.8
Other liabilities	475	468	529	588	647	618
Total liabilities	2,146	2,082	2,044	1,819	1,800	1,578
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	13.6	14.6	14.5	14.5	14.5	14.5
Additional paid-in capital	1,101	1,306	1,291	1,352	1,348	1,409
Retained earnings (accumulated deficit)	892	956	1,041	773	402	139
Treasury stock	0	−212	−162	−83.0	–	–
Other equity	81.4	−35.3	10.3	−10.8	−20.3	13.6
Total equity	2,088	2,029	2,196	2,046	1,744	1,576
Total liabilities & shareholders' equity	4,234	4,111	4,240	3,866	3,543	3,154

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Vishay Intertechnology, Inc., fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	−9.0	−29.8	326	430	299	124
Depreciation, depletion & amortization	225	211	184	164	167	166
Deferred taxes	−10.9	−23.5	36.8	38.7	50.6	−12.1
Non-cash items	2.3	84.4	−19.1	−6.8	23.9	19.3
Changes in working capital	−22.8	−68.1	−162	−142	−83.4	17.8
Cash from operations	184	174	366	484	457	315
Investing activities
Capital expenditures	−273	−320	−329	−325	−218	−124
Other investing cash flows	15.4	−192	257	−204	−12.1	−68.5
Cash from investing	−258	−512	−72.9	−529	−230	−192
Financing activities
Financing cash flow items	6.0	−13.4	−31.7	−2.9	−2.8	−2.6
Cash dividends paid	−54.2	−54.7	−55.6	−57.2	−55.8	−55.0
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	28.6	32.6	148	−41.0	−0.3	−152
Cash from financing	−19.7	−35.4	61.1	−101	−58.8	−209
Foreign exchange effects	18.0	−8.3	8.0	−17.6	−13.6	12.3
Net change in cash	−75.3	−382	362	−163	154	−74.3
Free cash flow	−89.0	−146	36.3	159	239	191

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 3, 2026 after market close.