Vishay Intertechnology, Inc. VSH shares fell 4.2% on Wednesday after the company reported lower-than-expected bottom-line results for the fourth quarter of 2025. VSH reported fourth-quarter earnings of a penny per share, missing the Zacks Consensus Estimate of 2 cents. This compares favorably with the year-ago quarter’s break-even earnings.
Vishay Intertechnology’s revenues of $800.9 million beat the Zacks Consensus Estimate of $790 million. The top line increased 12.1% on a year-over-year basis.
VSH has a mixed earnings surprise history. The company’s earnings missed the Zacks Consensus Estimate in two of the trailing four quarters and matched twice, the average negative surprise being 125%.
Vishay Intertechnology, Inc. Price, Consensus and EPS Surprise
Vishay Intertechnology, Inc. price-consensus-eps-surprise-chart | Vishay Intertechnology, Inc. Quote
VSH’s Q4 Top-Line Details
Vishay Intertechnology’s fourth-quarter performance reflected a broad-based recovery, with a year-over-year increase in revenues across most segments indicating a recovery in demand. Revenues from MOSFET (21.6% of total revenues) were $172.6 million, up 17.7% year over year. The book-to-bill was 1.48.
Fourth-quarter revenues from Diodes (19.3% of total revenues) were $154.2 million, up 9.1% year over year. The book-to-bill was 1.09. Revenues from Optoelectronics (7% of total revenues) in the fourth quarter were $55.7 million, up 18.8% year over year. The book-to-bill was 1.12.
Revenues from Resistors (23.6% of total revenues) were $189.4 million, which rose 7% year over year. The book-to-bill was 1.05. Revenues from Inductors (11.6% of total revenues) were $92.6 million, up 11% year over year. The book-to-bill was 1.07. Revenues from Capacitors (16.5% of total revenues) were $136.5 million, moving up 14.4% year over year. The book-to-bill was 1.30.
VSH’s fourth-quarter adjusted EBITDA was $70.3 million, up 6.2% year over year. The adjusted EBITDA margin contracted 50 basis points on a year-over-year basis to 8.8%. The operating margin was 1.8% in the reported quarter against a negative 7.9% operating margin in the year-ago quarter.
VSH’s Balance Sheet & Cash Flow
As of Dec. 31, 2025, VSH’s cash and cash equivalents were $515.2 million compared with $444.1 million as of Sept. 27, 2025. Long-term debt was $950.9 million as of Sept. 27, higher than $919.7 million as of Sept. 27.
During the fourth quarter, Vishay Intertechnology generated operating cash flow and free cash flow of $149.4 million and $54.9 million, respectively. In 2025, it generated operating cash flow, while it had negative free cash flow of $54.9 million, respectively.
VSH Initiates Q1 2026 Guidance
For the first quarter of 2026, Vishay Intertechnology expects revenues between $800 million and $830 million. The Zacks Consensus Estimate for revenues is pegged at $797.9 million, suggesting a year-over-year increase of 11.6%.
The gross profit margin is anticipated to be 19.9% (+/- 50 basis points).
The Zacks Consensus Estimate for earnings is pegged at 10 cents per share, indicating a robust improvement from the year-ago quarter’s loss of 3 cents.
VSH’s Zacks Rank and Other Stocks to Consider
Currently, Vishay Intertechnology carries a Zacks Rank #2 (Buy).
Amphenol APH, Micron Technology MU and Analog Devices ADI are some other top-ranked stocks that investors can consider in the Zacks Computer and Technology sector. Amphenol and Micron Technology sport a Zacks Rank #1 (Strong Buy) each at present, while Analog Devices carries a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Amphenol’s 2026 earnings has been revised downward by 4 cents over the past seven days to $4.32 per share, calling for an increase of 29.3% year over year. Amphenol shares have surged 91.6% over the past year.
The Zacks Consensus Estimate for Micron Technology’s fiscal 2026 earnings has moved northward by 14 cents in the past 30 days to $32.90 per share, implying 296.9% year-over-year growth. Micron Technology shares have soared 320.4% over the past year.
The Zacks Consensus Estimate for Analog Devices’ fiscal 2026 earnings has moved northward by 21 cents over the past 30 days to $9.97 per share, indicating a year-over-year increase of 28%. Analog Devices shares have rallied 53% over the past year.
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This article originally published on Zacks Investment Research (zacks.com).
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
