olivLaw · US equity research
Vishay Intertechnology, Inc. VSH
Electronic Components & Accessories · SIC 3670 · Vertical: Electronic Components & Accessories (SIC 3670)
Vishay Intertechnology makes one of the world's largest portfolios of discrete semiconductors and passive electronic components, used in automotive, industrial, computing and telecom markets. The company is in an upcycle: quarterly revenue has grown steadily and orders exceed shipments, while large capacity investments are under way.
The AI analysis may be outdated: new filings came after its sources (see the «AI analysis» section).
At the close of 04 Nov 2026, Vishay Intertechnology, Inc. (VSH) stock was 25.84 USD (−5.07% on the day), with market capitalisation 3.4 bn USD, P/E 41.9 on diluted EPS of 0.62 USD over the last 12 months, dividend yield 1.55%, beta 2.39, 52-week range 11.82–64.90 USD. Latest reported quarter (Q3 2026): revenue of 978.9 m USD (+23.8% YoY), net income of 59.0 m USD, diluted EPS 0.37 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 38.4
- weak (30–45)
- Bollinger (20, 2)
- 24.03 – 33.92
- in the lower half of the band · %B 0.18 · band width 34.1%
- SMA 50 / 200
- 31.10 / 32.25
- downtrend (price < SMA50 < SMA200)
- MACD (12, 26, 9)
- -1.57 / -1.36
- MACD below signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | −30.4% | −1.1% | −29.3 pp | — |
| 3 months | −22.1% | −0.5% | −21.7 pp | — |
| 6 months | −23.0% | +4.4% | −27.4 pp | — |
| Year to date | +78.3% | +12.3% | +66.0 pp | — |
| 1 year | +60.5% | +13.5% | +47.0 pp | −11.6% |
| 3 years | +9.4% | +76.4% | −67.0 pp | +46.1% |
| 5 years | +26.2% | +63.7% | −37.4 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q3 2026 · 03 Oct 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 714.7 m | 715.2 m | 762.3 m | 790.6 m | 800.9 m | 839.2 m | 888.6 m | 978.9 m |
| Cost of revenue | 572.6 m | 579.7 m | 613.6 m | 636.8 m | 644.1 m | 662.6 m | 681.2 m | 729.6 m |
| Gross profit | 142.1 m | 135.6 m | 148.7 m | 153.9 m | 156.8 m | 176.6 m | 207.4 m | 249.4 m |
| SG&A | 132.3 m | 134.7 m | 126.6 m | 134.7 m | 142.0 m | 154.5 m | 153.9 m | 157.2 m |
| Operating income | -56.7 m | 815.0 k | 22.1 m | 19.1 m | 14.8 m | 22.1 m | 53.5 m | 92.2 m |
| Depreciation & amortisation | 55.4 m | 53.8 m | 56.0 m ≈ | 57.3 m ≈ | 57.7 m | 58.2 m | 56.1 m ≈ | 59.7 m ≈ |
| Interest expense | 7.7 m | 8.8 m | 10.6 m | 9.5 m | 9.7 m | 10.0 m | 10.3 m | 6.7 m |
| Pre-tax income | -58.9 m | -4.2 m | 12.3 m | 11.9 m | 5.6 m | 12.9 m | 42.4 m | 87.3 m |
| Income tax | 7.2 m | -136.0 k | 10.3 m | 19.8 m | 4.6 m | 5.7 m | 14.3 m | 28.3 m |
| Net income | -66.3 m | -4.1 m | 2.0 m | -7.9 m | 986.0 k | 7.2 m | 28.1 m | 59.0 m |
| Diluted EPS | -0.50 ≈ | -0.03 | 0.01 | -0.06 | 0.01 ≈ | 0.05 | 0.19 | 0.37 |
| Operating cash flow | 67.7 m | 16.1 m | -8.8 m ≈ | 27.6 m ≈ | 149.4 m | 63.7 m | 105.4 m ≈ | 145.8 m ≈ |
| Capex | 144.9 m | 61.6 m | 64.6 m ≈ | 52.3 m ≈ | 94.8 m | 110.7 m | 95.2 m ≈ | 47.5 m ≈ |
| Share repurchases | 12.6 m | 12.5 m | 0 ≈ | 0 ≈ | -10.0 k | 0 | 0 ≈ | 0 ≈ |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 79 percentile of its own 33-quarter history (min 6.5, median 16.0, max 2,557.7; quarters with earnings only).
Fiscal years
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3.0 bn | 2.7 bn | 2.5 bn | 3.2 bn | 3.5 bn | 3.4 bn | 2.9 bn | 3.1 bn |
| Revenue YoY | +16.7% | −12.1% | −6.2% | +29.5% | +7.9% | −2.7% | −13.7% | +4.5% |
| Net income | 345.8 m | 163.9 m | 122.9 m | 298.0 m | 428.8 m | 323.8 m | -31.2 m | -9.0 m |
| Net income YoY | unavailable | −52.6% | −25.0% | +142.4% | +43.9% | −24.5% | −109.6% | unavailable |
| Diluted EPS | 2.24 | 1.13 | 0.85 | 2.05 | 2.98 | 2.31 | -0.23 | -0.07 |
| Diluted EPS YoY | unavailable | −49.6% | −24.8% | +141.2% | +45.4% | −22.5% | −110.0% | unavailable |
| net % | 11.4% | 6.1% | 4.9% | 9.2% | 12.3% | 9.5% | -1.1% | -0.3% |
| Free cash flow | 28.6 m | 139.8 m | 191.3 m | 238.7 m | 159.0 m | 36.3 m | -146.4 m | -89.0 m |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 515.0 m USD
- Financial debt
- 950.9 m USD
- Net debt
- 435.9 m USD
- Equity
- 2.1 bn USD
- Total assets
- 4.2 bn USD
- Debt / equity
- 0.46x
- Current ratio
- 2.62x
- ROE
- -0.4%
- ROA
- -0.2%
- FCF margin
- -2.9%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 2.5 bn | 3.2 bn | 3.5 bn | 3.4 bn | 2.9 bn | 3.1 bn | SEC (XBRL)· 13 Feb 2026verified |
| Cost of revenue | — | — | 2.4 bn | 2.4 bn | 2.3 bn | 2.5 bn | SEC (XBRL)· 13 Feb 2026verified |
| Gross profit | 581.9 m | 887.9 m | 1.1 bn | 974.5 m | 626.3 m | 594.9 m | SEC (XBRL)· 13 Feb 2026verified |
| Research & development | 70.9 m | 77.4 m | 81.2 m | 99.5 m | 120.1 m | 122.4 m | SEC (XBRL)· 13 Feb 2026verified |
| SG&A | 371.5 m | 420.1 m | 443.5 m | 488.3 m | 513.6 m | 538.0 m | SEC (XBRL)· 13 Feb 2026verified |
| Operating income | 209.7 m | 467.8 m | 615.5 m | 486.1 m | 5.6 m | 56.9 m | SEC (XBRL)· 13 Feb 2026verified |
| Depreciation & amortisation | 166.2 m | 167.0 m | 164.0 m | 184.4 m | 210.6 m | 224.7 m | SEC (XBRL)· 13 Feb 2026verified |
| EBITDA | 375.9 m ≈ | 634.8 m ≈ | 779.5 m ≈ | 670.5 m ≈ | 216.3 m ≈ | 281.6 m ≈ | SEC (XBRL)· 13 Feb 2026derived |
| Interest expense | 31.6 m | 17.5 m | 17.1 m | 25.1 m | 27.5 m | 38.7 m | SEC (XBRL)· 13 Feb 2026verified |
| Pre-tax income | 158.3 m | 434.6 m | 593.5 m | 467.4 m | -2.4 m | 25.5 m | SEC (XBRL)· 13 Feb 2026verified |
| Income tax | 34.5 m | 135.7 m | 163.0 m | 141.9 m | 27.4 m | 34.5 m | SEC (XBRL)· 13 Feb 2026verified |
| Net income | 122.9 m | 298.0 m | 428.8 m | 323.8 m | -31.2 m | -9.0 m | SEC (XBRL)· 13 Feb 2026verified |
| Diluted EPS | 0.85 | 2.05 | 2.98 | 2.31 | -0.23 | -0.07 | SEC (XBRL)· 13 Feb 2026verified |
| Weighted average diluted shares | 145.2 m | 145.5 m | 143.9 m | 140.2 m | 137.0 m | 135.7 m | SEC (XBRL)· 13 Feb 2026verified |
| Dividend per share | 0.38 | 0.39 | 0.40 | 0.40 | 0.40 | 0.40 | SEC (XBRL)· 13 Feb 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 619.9 m | 774.1 m | 610.8 m | 972.7 m | 590.3 m | 515.0 m | SEC (XBRL)· 13 Feb 2026verified |
| Receivables | 338.6 m | 396.5 m | 416.2 m | 426.7 m | 401.9 m | 381.8 m | SEC (XBRL)· 13 Feb 2026verified |
| Inventories | 448.3 m | 536.5 m | 618.9 m | 647.5 m | 689.4 m | 759.2 m | SEC (XBRL)· 13 Feb 2026verified |
| Current assets | 1.7 bn | 2.0 bn | 2.1 bn | 2.3 bn | 1.9 bn | 1.9 bn | SEC (XBRL)· 13 Feb 2026verified |
| Property, plant & equipment, net | 943.2 m | 979.5 m | 1.1 bn | 1.3 bn | 1.5 bn | 1.7 bn | SEC (XBRL)· 13 Feb 2026verified |
| Goodwill | 158.2 m | 165.3 m | 201.4 m | 201.4 m | 179.0 m | 180.4 m | SEC (XBRL)· 13 Feb 2026verified |
| Intangibles (excl. goodwill) | 66.8 m | 67.7 m | 77.9 m | 72.3 m | 87.2 m | 78.5 m | SEC (XBRL)· 13 Feb 2026verified |
| Total assets | 3.2 bn | 3.5 bn | 3.9 bn | 4.2 bn | 4.1 bn | 4.2 bn | SEC (XBRL)· 13 Feb 2026verified |
| Accounts payable | 196.2 m | 254.0 m | 189.1 m | 191.0 m | 216.3 m | 215.0 m | SEC (XBRL)· 13 Feb 2026verified |
| Short-term debt | 0 | 0 | 0 | 0 | 0 | 0 | SEC (XBRL)· 13 Feb 2026verified |
| Long-term debt | 394.9 m | 455.7 m | 500.9 m | 818.2 m | 905.0 m | 950.9 m | SEC (XBRL)· 13 Feb 2026verified |
| Current liabilities | 562.4 m | 693.7 m | 726.3 m | 691.9 m | 708.3 m | 720.4 m | SEC (XBRL)· 13 Feb 2026verified |
| Total liabilities | 1.6 bn | 1.8 bn | 1.8 bn | 2.0 bn | 2.1 bn | 2.1 bn | SEC (XBRL)· 13 Feb 2026verified |
| Equity | 1.6 bn | 1.7 bn | 2.1 bn | 2.2 bn | 2.0 bn | 2.1 bn | SEC (XBRL)· 13 Feb 2026verified |
Cash flow · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 314.9 m | 457.1 m | 484.3 m | 365.7 m | 173.7 m | 184.3 m | SEC (XBRL)· 13 Feb 2026verified |
| Capex | 123.6 m | 218.4 m | 325.3 m | 329.4 m | 320.1 m | 273.3 m | SEC (XBRL)· 13 Feb 2026verified |
| Free cash flow | 191.3 m ≈ | 238.7 m ≈ | 159.0 m ≈ | 36.3 m ≈ | -146.4 m ≈ | -89.0 m ≈ | SEC (XBRL)· 13 Feb 2026derived |
| Investing cash flow | -192.1 m | -230.5 m | -528.9 m | -72.9 m | -512.5 m | -257.9 m | SEC (XBRL)· 13 Feb 2026verified |
| Financing cash flow | -209.4 m | -58.8 m | -101.0 m | 61.1 m | -35.4 m | -19.7 m | SEC (XBRL)· 13 Feb 2026verified |
| Share repurchases | 0 | 0 | 83.0 m | 78.7 m | 50.4 m | 12.5 m | SEC (XBRL)· 13 Feb 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
4 indicators that do not apply to the sector.
Valuation
olivLaw classification
Score: 51 / 100
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 3.4 bn USD
Key indicators
Coverage and freshness
Score by group
- Balance sheet100
- Valuation86
- Quality25
- Growth17
- Returns33
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 16.00 – 24.13 USD.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (USD per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)16.00 – 24.13 (Mid 19.03)WACC 8.3% · starting FCFF 139.6 m USD · terminal value share of EV 75%The WACC × g sensitivity gives the method's bounds; these are not probabilities.Reverse DCF: starting growth implied by the price (fading linearly to terminal growth, everything else fixed): 11.2%
- Peers: EV/Salesunavailable · not enough peers
- Peers: EV/EBITDAunavailable · not enough peers
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Neutral profile · Score 51/100
| Factor | Value | Score | Weight used |
|---|---|---|---|
| Gross margin · Quality | 22.5% | 0 (on a fixed band) | 11% |
| EBIT margin · Quality | 5.2% | 67 (vs peers) | 9% |
| FCF margin · Quality | 3.3% | 13 (on a fixed band) | 9% |
| Revenue CAGR 3Y · Growth | -4.3% | 0 (on a fixed band) | 17% |
| Revenue growth (YoY) · Growth | 4.5% | 50 (vs peers) | 9% |
| Net debt / EBITDA · Balance sheet | -1.0x | 100 (on a fixed band) | 6% |
| Current ratio · Balance sheet | 3.3x | 100 (on a fixed band) | 6% |
| EV/Sales · Valuation | 0.9x | 100 (on a fixed band) | 17% |
| FCF yield · Valuation | 3.4% | 68 (on a fixed band) | 13% |
| Shareholder yield (distributions) · Returns | 0.0% | 33 (on a fixed band) | 4% |
Score groups
- Balance sheet100/100 · 2/2 factors with a value
- Growth17/100 · 2/2 factors with a value
- Quality25/100 · 3/3 factors with a value
- Returns33/100 · 1/1 factors with a value
- Valuation86/100 · 2/2 factors with a value
Memo
Vishay Intertechnology, Inc. (VSH). Latest full fiscal year: 2025; data up to 2026-10-03.
Figures computed from the financial statements: revenue 3.1 bn USD in 2025; YoY growth 4.5%; net margin 2.7%; ROE 3.8%; net debt/EBITDA -1.0x.
The estimated value range is 16.00–24.13 USD per share (median of 1 methods, agreement: single method); assumptions are illustrative. Against the central value of 19.03 USD, the price of 25.84 USD leaves a potential of -26.4% (value / price − 1) and a margin of safety of -35.8% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
olivLaw score 51/100, methodological classification: neutral profile (score, margin of safety and method agreement together; not a judgement of the right price). Not investment advice.
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Net debt / EBITDA: -1.0x
- Current ratio: 3.3x
- EV/Sales: 0.9x
What contradicts it
- Gross margin: 22.5%
- FCF margin: 3.3%
- Revenue CAGR 3Y: -4.3%
- The price is above the estimated value range
Versus the vertical median
Electronic Components & Accessories (SIC 3670) · same industry (4-digit SIC) · compared with 6 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| HUBBHubbell Inc | 23.2 bn | 25.7 | 23.3% | 13.8% | +3.8% | +2% / +46% |
| MRCYMercury Systems, Inc. | 4.3 bn | — | -2.0% | -3.0% | +7.9% | +3% / +109% |
| OLEDUniversal Display Corporation | 4.0 bn | 18.2 | 13.5% | 36.7% | +0.5% | −25% / −47% |
| VPGVishay Precision Group, Inc. | 605.1 m | — | -1.0% | -1.0% | +0.2% | +45% / +62% |
| KULRKulr Technology Group, Inc. | 75.4 m | — | -97.8% | -648.0% | +50.6% | −50% / −30% |
| VSHVishay Intertechnology, Inc. | — | 41.9 | 3.8% | 2.7% | +4.5% | +60% / +9% |
| LNKSLinkers Industries Limited | — | — | -18.4% | -22.0% | +12.0% | −99% / unavailable |
1- and 3-year price returns: for VSH from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 16.39 Total return -35% · Per year -35% | 29.11 Total return 14% · Per year 14% | 44.03 Total return 72% · Per year 72% |
| 3 years | 13.23 Total return -45% · Per year -18% | 26.68 Total return 8% · Per year 3% | 44.68 Total return 79% · Per year 21% |
| 5 years | 10.68 Total return -53% · Per year -14% | 24.45 Total return 3% · Per year 1% | 45.34 Total return 86% · Per year 13% |
- Exit P/E± 6.67
- Net margin± 4.67
- Annual revenue growth± 4.18
- Annual dilution± 0.39
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 05 Aug 2026; since then the company filed 8-K (04 Nov 2026 · results), 10-Q (04 Nov 2026).
In brief
Vishay Intertechnology makes one of the world's largest portfolios of discrete semiconductors and passive electronic components, used in automotive, industrial, computing and telecom markets. The company is in an upcycle: quarterly revenue has grown steadily and orders exceed shipments, while large capacity investments are under way 13.
SWOT
Strengths
- A broad portfolio of semiconductors and passive components reduces dependence on any single market or region 1.
- Established technology position in precision resistors, low-voltage MOSFETs and capacitors, with a track record of integrating acquisitions 1.
- A growing backlog and a book-to-bill ratio above one indicate demand exceeding shipments in the second quarter of 2026 3.
Weaknesses
Opportunities
Risks
- Demand cyclicalityhigh
The company cannot predict when downturns will come, and customers can reduce or cancel orders abruptly 1.
- Capacity execution riskhigh
Construction and ramp-up of wafer fabs can be delayed or overrun budgets, hurting yields 1.
- Precious metal price volatilitymedium
Prices of gold, copper and palladium can produce losses on unfavourable purchase commitments 1.
- Supply chain disruptionmedium
Suppliers can limit supply, raise prices or delay deliveries, which could halt production 1.
- Acquisition and restructuring risklow
Integration of acquired businesses can fail, and restructuring costs are recognised as expenses 1.
Investment thesis
What would need to be true (bull case)
- Broad-based demand across end markets and a book-to-bill above one suggest the growth cycle could continue if guidance holds 3.
- Capacity that is largely in place could let the company capture an upturn without major near-term spending 2.
- Leadership in niches such as power resistors and low-voltage MOSFETs gives a more robust margin base 1.
What would break the thesis
- Free cash flow was negative in fiscal 2025 and planned 2026 investment remains substantial, which could limit returns 12.
- Gross margins trail some larger competitors, and metal price pressure could return 13.
- If the industry enters a new cyclical decline, excess capacity could weigh on results in coming years 1.
What to watch
- Delivery against revenue and gross margin guidanceQ3 2026
- Trend in backlog and book-to-bill ratioQ3 2026
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 05 Aug 2026; since then the company filed 8-K (04 Nov 2026 · results), 10-Q (04 Nov 2026).
The business
Vishay designs, manufactures and markets electronic components covering semiconductors (MOSFETs, diodes, optoelectronic components) and passive components (resistors, inductors, capacitors). Its products are used by virtually all major electronics manufacturers worldwide 1. In fiscal 2025 net revenues were 3.069 billion USD 1.
Segments
Semiconductors
The MOSFET, diode and optoelectronic segments cover power control, power conversion and signal switching. Siliconix is the main MOSFET brand, where Vishay is a leader in low-voltage TrenchFET technology 1.
Passive components
The resistor, inductor and capacitor segments supply components for current limiting, filtering and energy storage. Many of these products are certified for niche markets such as automotive and aerospace 1.
Market context
The company serves automotive, industrial, computing, consumer, telecommunications, military, aerospace and healthcare markets 1. According to the August 2026 release, demand strengthened across all end markets, channels and regions, and the book-to-bill ratio was 1.32 in the second quarter of 2026 3.
Guidance for the third quarter of 2026 calls for revenues between 945 million and 975 million USD and a gross margin of 24.0% 3. Higher capacity could support these figures if demand stays strong, although management acknowledges that industry growth has been slower than expected 2.
Trends
- Electrification and automationtailwind
The company points to vehicle electrification, factory automation and smart-grid infrastructure as drivers of future demand 1. If these trends accelerate, they could support faster growth than over the last decade 1.
- Industry cyclicalityheadwind
The electronic components industry is highly cyclical, and the company says it cannot predict when downturns will occur 1. Capacity added during upturns may become excess when demand recedes 1.
- Metals costs and tariffsmixed
Prices of metals such as gold, copper and palladium are volatile, and tariffs weighed on margins in fiscal 2025 1. Tariff refunds received in 2026 were partly passed through to customers 3.
Competitive position
The company operates in a highly competitive worldwide market with low transportation costs and few import barriers. Its major competitors, some of them larger than Vishay, have significant financial and technological resources 1.
Vishay's advantage lies in its broad product line, which allows one-stop-shop sourcing for customers, and in its field application engineers near customers 1. If competitors broaden their portfolios or cut costs, the company's position could be affected 1.
- Larger diversified component makers
The source refers to competitors larger than Vishay with substantial financial and technological resources, without naming them 1.
- Discrete semiconductor producers
Competition in MOSFETs and diodes comes from suppliers with comparable technology, not named explicitly in the sources provided 1.
- Passive component manufacturers
A group of producers offering resistors, capacitors and inductors sells into similar markets, not named in the sources provided 1.
- Subcontracted capacity providers
Contract manufacturers of commodity components may also act as market alternatives, though the sources do not name them 1.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
- Vishay Precision (VPG) Became a Winner From Industrial Recovery and the Humanoid Robotics BoomYahoo Finance — News · 15 Sept 2026 · EN
- Why Vishay Intertechnology (VSH) Could Benefit From the Electronics RecoveryYahoo Finance — News · 01 Sept 2026 · EN
The latest news item in our archive is from 15 Sept 2026; the newest SEC filing is from 04 Nov 2026. The press archive comes from the RSS feeds we follow and does not necessarily cover the latest event — the filings alongside do.
SEC filings
- Quarterly report04 Nov 2026
- Current report04 Nov 2026Results of operations · Regulation FD disclosure · Financial statements and exhibits
- Current report12 Aug 2026Other events · Financial statements and exhibits
- Quarterly report05 Aug 2026
- Current report05 Aug 2026Results of operations · Regulation FD disclosure · Financial statements and exhibits
- Current report06 Jul 2026Other events · Financial statements and exhibits
- Current report01 Jul 2026Material agreement · Other events · Financial statements and exhibits
- Current report18 May 2026Departure or appointment of officers · Shareholder vote · Other events · Financial statements and exhibits
- Quarterly report13 May 2026
- Current report13 May 2026Results of operations · Financial statements and exhibits
Sources
- [1] Form 10-K, fiscal year ended 2025-12-31 · SEC / Vishay Intertechnology, Inc. · 13 Feb 2026
- [2] Form 10-Q, quarter ended 2026-07-04 · SEC / Vishay Intertechnology, Inc. · 05 Aug 2026
- [3] Form 8-K, results release (exhibit 99.1) · SEC / Vishay Intertechnology, Inc. · 05 Aug 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.