Vishay Intertechnology Q4 Earnings Analysis
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 4d ago
0mins
Should l Buy VSH?
Source: seekingalpha
- Earnings Performance: Vishay Intertechnology reported a Q4 non-GAAP EPS of $0.01, missing expectations by $0.01, indicating pressure on profitability that may affect investor confidence.
- Revenue Growth: The company achieved Q4 revenues of $800.92 million, a 12.1% year-over-year increase, surpassing market expectations by $10.45 million, demonstrating strong sales performance amid recovering market demand.
- Gross Margin Analysis: The gross margin stood at 19.6%, impacted negatively by approximately 130 basis points related to Newport, reflecting challenges in cost control that could affect future profitability.
- Future Outlook: Management expects Q1 2026 revenues to range between $800 million and $830 million, below the consensus of $804.80 million, with a gross margin forecast of 19.9% +/- 50 basis points, indicating a cautious outlook on market conditions.
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Analyst Views on VSH
Wall Street analysts forecast VSH stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for VSH is 14.00 USD with a low forecast of 14.00 USD and a high forecast of 14.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
0 Buy
0 Hold
1 Sell
Moderate Sell
Current: 19.650
Low
14.00
Averages
14.00
High
14.00
Current: 19.650
Low
14.00
Averages
14.00
High
14.00
About VSH
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 medical markets. The Company manufactures and markets electronic components that cover a range of functions and technologies. The Company’s products include commodity, 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.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Bernzott Capital Fully Liquidates Hillenbrand Position
- Complete Liquidation: On February 3, 2026, Bernzott Capital sold 389,330 shares of Hillenbrand, with an estimated transaction value of $10.53 million, reflecting the fund's rapid response to market conditions.
- Asset Value Decline: This transaction resulted in a $10.53 million decrease in the quarter-end position value, showcasing the dual impact of trading activity and share price movement, marking a significant reduction in the company's importance within the fund's asset management.
- Full Exit: Following this trade, Bernzott Capital held zero shares in Hillenbrand, which previously accounted for 5.0% of the fund's assets under management, indicating a complete abandonment of this investment.
- Acquisition Context: The announcement of Hillenbrand's acquisition by Lone Star Funds at $32 per share prompted Bernzott Capital to divest its holdings, as the acquisition premium of approximately 30% significantly diminished the strategic rationale for continuing to hold the stock.
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Bernzott Capital Fully Exits Hillenbrand Position
- Complete Exit: On February 3, 2026, Bernzott Capital Advisors fully liquidated its position in Hillenbrand by selling 389,330 shares for an estimated $10.53 million, reflecting a cautious stance towards the company's market outlook.
- Market Value Impact: The transaction resulted in a $10.53 million decline in Hillenbrand's quarter-end value, indicating investor sentiment deterioration following the acquisition announcement and the stock's price movements.
- Acquisition Context: Hillenbrand announced in October 2025 that it would be acquired by Lone Star Funds for $32 per share in cash, representing a 30% premium, but with the stock trading close to the buyout price, Bernzott opted to exit to pursue better investment opportunities.
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- Significant Revenue Growth: Vishay reported fourth quarter revenue of $801 million, slightly above the guidance midpoint of $790 million and up 1.3% from the third quarter, driven by strong demand in industrial power and AI-related applications, particularly in the Asia-Pacific region.
- Orders at Three-Year High: The fourth quarter saw orders reach a three-year high across all major product technologies except capacitors, indicating broad-based order growth in 95% of the company's core business areas, including Automotive, Industrial Power, and Aerospace-Defense.
- Robust Gross Margin: Gross profit for the fourth quarter was $157 million, with a gross margin of 19.6%, modestly above both the guidance midpoint and the third quarter, despite a decline in EBITDA margin to 8.8%, as the company actively addresses rising material costs.
- Optimistic Outlook: For Q1 2026, revenues are expected to range between $800 million and $830 million, with a potential decline in Asia revenue due to the Lunar New Year, yet the company anticipates sequential revenue growth across its five key growth segments, including Automotive and Industrial Power.
See More
Vishay Launches New High-Efficiency Inductors
- New Product Launch: Vishay Intertechnology has introduced four new inductors in sizes 0806 and 1210, achieving 64% smaller footprint for the 0806 and 11% for the 1210 compared to competitors, enhancing its market competitiveness.
- Performance Advantages: The new inductors operate at temperatures up to +165 °C, exceeding competitors by 10 °C, with a minimum DCR of 6.6 mΩ, providing higher efficiency suitable for DC/DC converters and noise suppression applications.
- Design Innovations: The bottom electrode design of the IHLL series allows for more compact board spacing, while the IHLP series features plating on both bottom and sides, enhancing mechanical strength and simplifying solder joint inspection, thus improving product reliability.
- Wide Market Applications: These inductors are suitable for automotive infotainment, navigation, and braking systems, indicating Vishay's strategic positioning in the automotive electronics market, which is expected to drive growth in this sector.
See More
Vishay Intertechnology Q4 Earnings Analysis
- Earnings Performance: Vishay Intertechnology reported a Q4 non-GAAP EPS of $0.01, missing expectations by $0.01, indicating pressure on profitability that may affect investor confidence.
- Revenue Growth: The company achieved Q4 revenues of $800.92 million, a 12.1% year-over-year increase, surpassing market expectations by $10.45 million, demonstrating strong sales performance amid recovering market demand.
- Gross Margin Analysis: The gross margin stood at 19.6%, impacted negatively by approximately 130 basis points related to Newport, reflecting challenges in cost control that could affect future profitability.
- Future Outlook: Management expects Q1 2026 revenues to range between $800 million and $830 million, below the consensus of $804.80 million, with a gross margin forecast of 19.9% +/- 50 basis points, indicating a cautious outlook on market conditions.
See More
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- Earnings Announcement Schedule: Vishay Intertechnology is set to release its Q4 earnings on February 4 before the market opens, with consensus EPS estimate at $0.02 and revenue estimate at $790.47 million, reflecting a 10.6% year-over-year growth, indicating the company's stability and growth potential in the market.
- Historical Performance Review: Over the past two years, Vishay has beaten EPS estimates 50% of the time and revenue estimates 50% of the time, demonstrating consistency in financial performance and market confidence.
- Estimate Revision Dynamics: In the last three months, there have been no upward revisions to EPS estimates, with two downward adjustments, while revenue estimates saw one upward revision, indicating a cautious market outlook on the company's future performance.
- Market Analysis Perspective: Analysts' views on Vishay Intertechnology highlight its potential in cyclical markets, although the current trend shows downward risks, the company's investments across multiple segments may still support future growth.
See More
Bernzott Capital Fully Liquidates Hillenbrand Position
- Complete Liquidation: On February 3, 2026, Bernzott Capital sold 389,330 shares of Hillenbrand, with an estimated transaction value of $10.53 million, reflecting the fund's rapid response to market conditions.
- Asset Value Decline: This transaction resulted in a $10.53 million decrease in the quarter-end position value, showcasing the dual impact of trading activity and share price movement, marking a significant reduction in the company's importance within the fund's asset management.
- Full Exit: Following this trade, Bernzott Capital held zero shares in Hillenbrand, which previously accounted for 5.0% of the fund's assets under management, indicating a complete abandonment of this investment.
- Acquisition Context: The announcement of Hillenbrand's acquisition by Lone Star Funds at $32 per share prompted Bernzott Capital to divest its holdings, as the acquisition premium of approximately 30% significantly diminished the strategic rationale for continuing to hold the stock.
See More
Bernzott Capital Fully Exits Hillenbrand Position
- Complete Exit: On February 3, 2026, Bernzott Capital Advisors fully liquidated its position in Hillenbrand by selling 389,330 shares for an estimated $10.53 million, reflecting a cautious stance towards the company's market outlook.
- Market Value Impact: The transaction resulted in a $10.53 million decline in Hillenbrand's quarter-end value, indicating investor sentiment deterioration following the acquisition announcement and the stock's price movements.
- Acquisition Context: Hillenbrand announced in October 2025 that it would be acquired by Lone Star Funds for $32 per share in cash, representing a 30% premium, but with the stock trading close to the buyout price, Bernzott opted to exit to pursue better investment opportunities.
- Poor Market Performance: Hillenbrand's stock has declined between 20% to 39% year-to-date in 2025, underperforming the S&P 500 by 21.6 percentage points, prompting investors to reassess their holdings to optimize asset allocation.
See More
Vishay Intertechnology Reports Q4 2025 Earnings with Strong Growth Indicators
- Significant Revenue Growth: Vishay reported fourth quarter revenue of $801 million, slightly above the guidance midpoint of $790 million and up 1.3% from the third quarter, driven by strong demand in industrial power and AI-related applications, particularly in the Asia-Pacific region.
- Orders at Three-Year High: The fourth quarter saw orders reach a three-year high across all major product technologies except capacitors, indicating broad-based order growth in 95% of the company's core business areas, including Automotive, Industrial Power, and Aerospace-Defense.
- Robust Gross Margin: Gross profit for the fourth quarter was $157 million, with a gross margin of 19.6%, modestly above both the guidance midpoint and the third quarter, despite a decline in EBITDA margin to 8.8%, as the company actively addresses rising material costs.
- Optimistic Outlook: For Q1 2026, revenues are expected to range between $800 million and $830 million, with a potential decline in Asia revenue due to the Lunar New Year, yet the company anticipates sequential revenue growth across its five key growth segments, including Automotive and Industrial Power.
See More
Vishay Launches New High-Efficiency Inductors
- New Product Launch: Vishay Intertechnology has introduced four new inductors in sizes 0806 and 1210, achieving 64% smaller footprint for the 0806 and 11% for the 1210 compared to competitors, enhancing its market competitiveness.
- Performance Advantages: The new inductors operate at temperatures up to +165 °C, exceeding competitors by 10 °C, with a minimum DCR of 6.6 mΩ, providing higher efficiency suitable for DC/DC converters and noise suppression applications.
- Design Innovations: The bottom electrode design of the IHLL series allows for more compact board spacing, while the IHLP series features plating on both bottom and sides, enhancing mechanical strength and simplifying solder joint inspection, thus improving product reliability.
- Wide Market Applications: These inductors are suitable for automotive infotainment, navigation, and braking systems, indicating Vishay's strategic positioning in the automotive electronics market, which is expected to drive growth in this sector.
See More
Vishay Intertechnology Q4 Earnings Analysis
- Earnings Performance: Vishay Intertechnology reported a Q4 non-GAAP EPS of $0.01, missing expectations by $0.01, indicating pressure on profitability that may affect investor confidence.
- Revenue Growth: The company achieved Q4 revenues of $800.92 million, a 12.1% year-over-year increase, surpassing market expectations by $10.45 million, demonstrating strong sales performance amid recovering market demand.
- Gross Margin Analysis: The gross margin stood at 19.6%, impacted negatively by approximately 130 basis points related to Newport, reflecting challenges in cost control that could affect future profitability.
- Future Outlook: Management expects Q1 2026 revenues to range between $800 million and $830 million, below the consensus of $804.80 million, with a gross margin forecast of 19.9% +/- 50 basis points, indicating a cautious outlook on market conditions.
See More
Vishay Intertechnology to Announce Q4 Earnings on February 4
- Earnings Announcement Schedule: Vishay Intertechnology is set to release its Q4 earnings on February 4 before the market opens, with consensus EPS estimate at $0.02 and revenue estimate at $790.47 million, reflecting a 10.6% year-over-year growth, indicating the company's stability and growth potential in the market.
- Historical Performance Review: Over the past two years, Vishay has beaten EPS estimates 50% of the time and revenue estimates 50% of the time, demonstrating consistency in financial performance and market confidence.
- Estimate Revision Dynamics: In the last three months, there have been no upward revisions to EPS estimates, with two downward adjustments, while revenue estimates saw one upward revision, indicating a cautious market outlook on the company's future performance.
- Market Analysis Perspective: Analysts' views on Vishay Intertechnology highlight its potential in cyclical markets, although the current trend shows downward risks, the company's investments across multiple segments may still support future growth.
See More
