Vishay Intertechnology
An old-line maker of the small parts on almost every circuit board: power switches, diodes, resistors and capacitors, sold by the billion.
The scores
Growth3/4 ↑
Adjusted revenue up 20.5% with orders 32% above shipments, but it rides a restock after two years of decline, below the 2022 record.
Business quality2/4 →
Qualification keeps sockets, but a quarter of sales is commodity, margins halved last cycle and stronger rivals sell the same parts.
Financial position3/4 ↑
Net cash after the share sale and no maturity before 2030, but free cash flow is negative and the notes sit in current liabilities.
Execution record2/4 ↑
Built capacity into a downturn, bought a fab still awaiting carmaker approval, and sold shares near the high; guides have been met lately.
Per share capture2/4 ↓
17.25M new shares, 6.0M more for incentives, notes that dilute above $43.98 and no buyback while cash flow is negative.
Potential2/4 →
About 4% of a discrete market growing near 8%; upside is a cyclical return to peak, with nothing contracted beyond cancellable orders.
Risk profile3/4 →
No customer above 10% and six product lines spread the risk; family control and a capital-heavy fab ramp are survivable.
Valuation2/4 ↓
At 1.67 times sales against 0.85 to 1.15 before, the price assumes record revenue at near-peak margins by 2028.
Evidence quality3/4 →
Revenue, margins, shares and debt are filed; backlog in dollars, end markets and the passive market rest on management or paywalled measurers.
The Verdict
We rate Vishay unattractive. It makes the cheap, essential power parts on almost every circuit board, and once a part is designed into a car it tends to stay, but a quarter of sales is interchangeable with a rival's part and the last upturn ended with margin down by a third, so the business is mixed. Orders are back strongly, and the price is full: it already counts on record sales at near-peak profit on more shares, with no cushion if the upturn fades. The view hinges on whether the orders are real use or customers stockpiling, and on margin climbing toward 27%.
The long caseAI data centres, factories and cars use more power parts as customers restock; Vishay must show those orders are real use, not stockpiling, and margins must climb.
The evidence under this - 8 claims
In 2022 book-to-bill fell from 1.14 to 0.88 within two quarters while backlog was near its record (C11), so a strong reading did not protect the next year.
The history is struck on vendor company values that leave out the 12.1M Class B shares, so each year reads about 8% low against today's figure.
- If the 30% gross margin target is met on $4.74B (C13), operating profit would be about $0.74B and the price nearer 11.5 times 2028 earnings, cheap for a cycle that peaks later.
- The cohort prices discretes at a median 3.8 times sales (C26), so 1.67 is low for the industry.
- Distributor inventory fell from 20 to 18 weeks and point-of-sale rose 20.5% on a year (C10).
- Management says it sees no double ordering (C10).
The company
Vishay makes two kinds of parts. Half its sales are chips that switch and direct power: MOSFETs, diodes and light sensors. The other half are passive parts that resist, store or smooth electricity: resistors, inductors and capacitors.
They cost cents each and sit on almost every board. Buyers are carmakers, factory-equipment makers, defence firms and server builders, and more than half buy through distributors. Vishay pitches itself as one supplier for most of the parts on a power board, made outside China.
The evidence under this - 5 claims
Diodes and Alpha and Omega both name Vishay as a direct rival in the same power discretes (C33), so the lines it leads are contested.
Distributors carry 56% of revenue (C02), and a distributor buys part by part, so one-stop supply helps less where the channel already bundles.
How it makes money
Vishay sells huge volumes of small parts and keeps the difference between the price and what its factories cost to run. That makes profit swing with how full the factories are.
In 2025 it sold $3.07B and kept 19.4 cents of each dollar as gross margin, before overheads. Its MOSFET business lost money. Margin has risen every quarter since, to 23.3% in June.
The evidence under this - 4 claims
Where the money comes from, stream by stream
| Stream | Share of sales (FY2025) | How it earns it |
|---|---|---|
| Resistors | 24.7% | Fixed, precision and power resistors under the Dale and Draloric names, sold mostly through distributors to industrial and car makers. |
| MOSFETs | 20.5% | Power transistors from its Siliconix fabs that switch current in car, industrial and computing power supplies; a quarter interchangeable with rivals' parts. |
| Diodes | 19.3% | Rectifiers and protection diodes that steer and regulate current, largely certified parts sold into cars and industrial equipment. |
| Capacitors | 16.5% | Tantalum, film and ceramic capacitors that store and smooth charge, including polymer tantalum for AI and military power boards. |
| Inductors | 11.9% | Power inductors, led by the IHLP line, that filter current in car electronics and server power stages. |
| Optoelectronic components | 7.1% | Infrared emitters, sensors and optocouplers that detect light or carry signals across an isolation barrier. |
Who runs it
Joel Smejkal, at Vishay since 1990, became chief executive in 2023; David McConnell, a 1992 hire, has run the money since 2024. The founder's family keeps control: its ten-vote shares give it about 44% of the votes, while insiders own about 8% of the shares. Half the yearly bonus rides on profit margins and half on goals the board grades; the share awards pay for beating small-company stocks, and the last round paid nothing.
The evidence under this - 3 claims
- The July share sale lifted the count to 153.4M (C16), cutting the group to about 7.4% of shares.
- A director, Raanan Zilberman, filed on October 2, 2026 to sell 16,575 shares under a Rule 10b5-1 plan adopted June 4 (S27).
- For the chief executive the margin measures paid 22.1 points against a 65-point target while the two scorecards paid 78.0 against 65, so judged goals carried the bonus in a loss-making year.
- Nothing pays on free cash flow or return on capital, while three years of plant spending turned free cash flow negative (C14).
- The executive chairman's bonus is 1% of adjusted net earnings; he earned none in 2025 but was given a $500,000 special bonus.
Why it wins, and who could beat it
Why customers come back
Once a part is designed into a car or a weapon, changing it means retesting it. The carmakers' standard for these parts demands requalification after any change, even a move to another factory, and carmakers say approving a new supplier takes several months.
That keeps Vishay's parts in their slots. It does not keep its prices: a quarter of sales is interchangeable with a rival's part, and when sales fell after 2022 gross margin fell by a third.
The evidence under this - 5 claims
Part of the margin fall was fixed-cost absorption from new capacity and the Newport fab, about 130 basis points in the December 2025 quarter alone (C47), not price.
The threat
Nexperia, whose 2025 supply halt sent carmakers to other suppliers, is shipping again. Chinese makers such as Yangjie are growing faster and qualifying into cars. Larger rivals, onsemi, ST and Infineon, sell the same power switches with more scale. In AI servers, Samsung says designers are swapping polymer capacitors, a Vishay line, for ceramic ones.
The evidence under this - 5 claims
The figure comes from a machine summary of the filing, not the original, and Yangjie grows from a smaller base in the same restocking market (C44).
Management says polymer tantalum demand is still growing and is adding capacity in Mexico (C38).
The rivals: ON, STM, DIOD, AOSL, and 4 more that are private, in-house or listed abroad.
Who else does this, rival by rival
| Ticker | Rival | Where it competes | How far along | Priced against it |
|---|---|---|---|---|
| Nexperia discretesPriced against it: Listed abroad | Discrete semiconductors | On sale | Listed abroad | |
| Yangjie, and other Chinese discretes makersPriced against it: Listed abroad | Discrete semiconductors | On sale | Listed abroad | |
| ON · STM | onsemi, ST and Infineon power MOSFETsPriced against it: Yes | Discrete semiconductors | On sale | Yes |
| DIOD · AOSL | Diodes Incorporated and Alpha and OmegaPriced against it: Yes | Discrete semiconductors | On sale | Yes |
| Samsung Electro-Mechanics and Murata multilayer ceramic capacitorsPriced against it: Listed abroad | Passive components | On sale | Listed abroad | |
| Yageo, TDK, Panasonic and Bourns resistors and inductorsPriced against it: Listed abroad | Passive components | On sale | Listed abroad |
How big it could get
How big this could get
The chip half sells into a market the industry's statistics body, WSTS, measured at $30.7B in 2025, forecast to reach $35.7B by 2027. Vishay's MOSFETs and diodes were about 4% of it.
Nobody publishes a free figure for the passive half, so that part of the prize is unmeasured. Either way the opportunity is a share of a slow-growing, crowded market, not a new one.
The evidence under this - 3 claims
WSTS discretes include IGBTs, power modules and silicon carbide that Vishay barely makes, so its share of the parts it does make is higher than 4.0%.
Who has signed
No long-term contracts are filed. What Vishay has is orders on hand: $1.9B, about six months of sales, some of it placed more than a year ahead. Orders like these can be cancelled, and a bigger pile in 2022 did not prevent two years of falling sales.
The evidence under this - 2 claims
- The 2022 backlog was larger, $2,425.2M, and preceded a two-year fall in sales (C11).
- Orders placed a year out to secure a production slot are also how double ordering starts (C44).
In 2022 book-to-bill fell from 1.14 to 0.88 within two quarters while backlog was near its record (C11), so a strong reading did not protect the next year.
Where the growth is coming from, business by business
Where the growth is coming from
| Business | Share of revenue | Growth: last quarter | Last half-year | Last year | Share in 3 years at its half-year rate |
|---|---|---|---|---|---|
| Passive components | 53% | +16.2% | +13.2% | +10.7% | 51% |
| Discrete semiconductors | 47% | +18.6% | +16.4% | +8.9% | 49% |
| Whole company | 100% | +17.3% | +14.7% | +9.9% | 100% |
On the filed split through 2026-04-04, if each business keeps its last half-year's growth, the company grows about 15% next year and 15% in year 3, against 13.4% over the last twelve months. A scenario, not a forecast: no business holds its rate.
The results
The numbers
Sales grew 13% over the twelve months to Jul 2026, faster than the 4.5% in the year to Dec 2025.
Operating margin is 3.3%, down from 14% in the year to Dec 2023.
Running costs take 18¢ of each sales dollar, up from 13¢ in the year to Dec 2021.
Shareholders' money earned 1.1% a year, down from 18% in the year to Dec 2021.
It used $6.96M of cash over the last twelve months, so the $1.30B it holds lasts about 186.4 years at that pace.
It holds $1.30B of cash against $972M of debt, $325M more cash than it owes.
The share count rose 1.7% in 4.5 years, and pay in shares costs 0.9% of sales.
All the numbers
Filed figures from the company's 10-K and 10-Q, read 2026-10-04. Fiscal years end in December.
| Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 | 12 mo to Jul 2026 | |
|---|---|---|---|---|---|---|
| Size and growth | ||||||
| Sales | $3.24B | $3.50B | $3.40B | $2.94B | $3.07B | $3.32B |
| Sales growth | +30% | +7.9% | −2.7% | −14% | +4.5% | +13% |
| Profit | ||||||
| Gross margin | 27% | 30% | 29% | 21% | 19% | 21% |
| Operating margin | 14% | 18% | 14% | 0.2% | 1.9% | 3.3% |
| Net margin | 9.2% | 12% | 9.5% | −1.1% | −0.3% | 0.9% |
| What growth costs, per sales dollar | ||||||
| Research and development | 2.4% | 2.3% | 2.9% | 4.1% | 4.0% | - |
| Selling, general and admin | 13% | 13% | 14% | 17% | 18% | 18% |
| Pay in shares | 0.2% | 0.2% | 0.5% | 0.7% | 0.7% | 0.9% |
| Capital spending | 6.7% | 9.3% | 9.7% | 11% | 8.9% | 11% |
| Cash | ||||||
| Cash from operations | $457M | $484M | $366M | $174M | $184M | $346M |
| Free cash flow | $239M | $159M | $36.3M | −$146M | −$89.0M | −$6.96M |
| Balance sheet | ||||||
| Cash and short-term investments | $774M | $611M | $973M | $590M | $515M | $1.30B |
| Debt | $456M | $501M | $818M | $905M | $951M | $972M |
| Net cash | $318M | $110M | $155M | −$315M | −$436M | $325M |
| Returns and shares | ||||||
| Return on capital | 15% | 19% | 12% | - | - | - |
| Shares (diluted) | 145M | 144M | 140M | 137M | 136M | 148M |
What growth costs
Growing does not make Vishay's offices cheaper to run: overhead has kept pace with sales, and it spends more on new plant per dollar of sales than at the last peak. Profit improves only as the factories fill up and each part costs less to make.
The evidence under this - 2 claims
SG&A in the first half of 2025 carried an $11.3M gain from a resolved Newport contingency; without it first-half 2026 SG&A rose about 13% against revenue up 16.9%, slightly slower than sales (S03, S01).
Gross margin has risen every quarter since December 2025 (C46), so the one lever that does work is working.
The last report (5 Aug)
Quarter ended July 2026, filed figures.
Sales for the quarter ended July 4, 2026 were $918.6M before a $30.0M tariff refund passed back to customers, up 20.5% on a year. Every product line grew, the chip lines fastest at 26% to 30%. Orders ran 32% ahead of shipments.
Gross margin reached 23.3%, the third rise in a row, and the guide for September is 24.0%. The weak spot is MOSFETs: sales up 27.1%, but it kept just 1.4 cents of each dollar as operating profit while taking most of the quarter's spending on plant.
What it did to the thesisIt proved the upturn is real and broad, and that margin is climbing. It left open whether buyers are using the parts or stocking them, and it showed the MOSFET business still barely profitable while it takes most of the new money.
The quarter in detail
Sales growth from the previous quarter, filed figures.
Earnings per share $0.19 against $0.15 expected; $0.19 as filed, with no adjustments.
The evidence under this - 5 claims
In 2022 book-to-bill fell from 1.14 to 0.88 within two quarters while backlog was near its record (C11), so a strong reading did not protect the next year.
The June quarter's adjusted gross margin was 22.6% once the tariff refunds are excluded (C06), so 24.0% needs another 1.4 points in one quarter.
What management did with the money
Management spent through the slump, about $900M on new capacity, and cash flow went negative for three years. In July it sold 17.25M new shares at $50, 12.7% more shares, and it plans another $400M to $440M of plant spending in 2026. Little has come back to shareholders.
Insiders in 2026Q1: 16 purchases and 14 sales, from their Form 4 filings.
The evidence under this - 4 claims
June-quarter free cash flow was already positive, $10.3M, and revenue at the September guide funds more of the plan from operations (C14, C12).
The price, and where we disagree
In short. Full. The price already pays for record sales at profit close to the 2022 peak, earned on more shares than then, so the upturn has to run its whole course.
The shares rose 147.6% in a year, most of it from investors paying more for each dollar of sales rather than from more sales. They hit $69.47 in June, fell to $29.96 around the share sale, and dropped 14.6% the day after a strong June report.
The channel is mixed: the distributors' association index has turned down from its June peak while lead times keep stretching. The September results on 4 November are the next test.
The evidence under this - 4 claims
The June quarter's adjusted gross margin was 22.6% once the tariff refunds are excluded (C06), so 24.0% needs another 1.4 points in one quarter.
How we read the multiple
Buyers pay about 1.67 times a year's sales, above every year-end level since 2020. What has to be true:
- Sales reach about $4.74B in 2028, the analysts' forecast.
- That is 36% above the 2022 record of $3.50B.
- Operating profit gets back to about $0.6B, roughly the 2022 peak.
- Profit per share is then about $2.64, still below 2022's $2.98, because there are more shares.
- Today's price is about 14.5 times that: ordinary, but only if all of it happens.
Against its own history. Dearer than at any year-end through a full boom and slump, so the price counts the recovery before it arrives.
The evidence under this - 5 claims
The history is struck on vendor company values that leave out the 12.1M Class B shares, so each year reads about 8% low against today's figure.
- If the 30% gross margin target is met on $4.74B (C13), operating profit would be about $0.74B and the price nearer 11.5 times 2028 earnings, cheap for a cycle that peaks later.
- The cohort prices discretes at a median 3.8 times sales (C26), so 1.67 is low for the industry.
onsemi and ST sell silicon carbide and analog chips at higher margins than any discrete, so part of the gap is their mix rather than Vishay's weakness (C34).
Priced against its rivals
The competitors its own annual report names, each confirmed against the rival's filing. Measured on company value for each $1 of sales, cheapest first:
| Ticker | Company | company value for each $1 of sales |
|---|---|---|
| VSH | Vishay Intertechnology | 1.2× |
| DIOD | Diodes Incorporated | 2.7× |
| STM | STMicroelectronics | 3.8× |
| ON | ON Semiconductor | 5.5× |
The middle of the other 3 is 3.8. Vishay Intertechnology, Inc. is cheapest of 4.
Rivals' figures come from a data provider, so read the spread of the group rather than any single pair.
Cheapest of its rivals, but they earn far higher margins on better products, so the discount is deserved rather than a bargain.
Private or foreign rivals that cannot be priced: Murata Manufacturing, TDK Corporation (TDK-EPCOS), Yageo Corporation (with KEMET), Panasonic, Infineon Technologies, Nexperia, Rohm, Bourns.
Where we disagree with the market
An early winner of a long component upturn, helped by AI power and Western supply, with margin heading back to 30%.
The upturn is real and partly stockpiling, and the price already pays for its best case on more shares.
The market reads the orders. The filings show what the last surge in orders led to: margin down by a third in two years. They also show a MOSFET business that barely profits and a share count raised to pay for capacity.
We could be wrong. If gross margin reaches the 30% target on the forecast sales, the price would look ordinary for a business proven better than last cycle.
What analysts say, and the evidence
The evidence under this - 7 claims
In 2022 book-to-bill fell from 1.14 to 0.88 within two quarters while backlog was near its record (C11), so a strong reading did not protect the next year.
- Vishay last earned 30% in 2022, on $3,497.4M of revenue with no MOSFET fab ramp under way (C05).
- MOSFETs earned a 1.4% segment margin in June while taking most of the capital (C07).
- Distributor inventory fell from 20 to 18 weeks and point-of-sale rose 20.5% on a year (C10).
- Management says it sees no double ordering (C10).
What could go wrong, and how we would know
The risks
- Stockpiling, not demand. Customers are ordering a year ahead to secure supply; when they have enough, orders can fall as fast as in 2022.
- Prices crack in the slump. A quarter of sales is interchangeable with rivals' parts, and margin fell by a third last time sales dipped.
- Rivals return and undercut. Nexperia is shipping again and Chinese makers are growing faster and qualifying into cars.
- The new plant stalls. The Newport plant still awaits carmakers' approval, and the German plant only starts test production at the end of 2026.
- Smaller slices for holders. The convertible bonds hand out new shares above $43.98, and more shares went to staff plans in May.
- Family control. Ten-vote shares give the Zandman family about half the votes, so outside shareholders cannot force a change.
The evidence under this - 7 claims
- Distributor inventory fell from 20 to 18 weeks and point-of-sale rose 20.5% on a year (C10).
- Management says it sees no double ordering (C10).
The figure comes from a machine summary of the filing, not the original, and Yangjie grows from a smaller base in the same restocking market (C44).
AEC-Q200 and its chip counterpart require requalification on relocation of production (C28), which is the delay management describes.
What we still do not know
- How much of the orders on hand is customers using parts and how much is them building stock.
- When carmakers will approve parts from the Newport plant.
- How much of Vishay's sales go to AI data centres; management describes the demand but gives no figure.
- How big the passive-parts market is, and whether Vishay is gaining share in it.
The evidence under this - 4 claims
- Distributor inventory fell from 20 to 18 weeks and point-of-sale rose 20.5% on a year (C10).
- Management says it sees no double ordering (C10).
AEC-Q200 and its chip counterpart require requalification on relocation of production (C28), which is the delay management describes.
- The 2022 backlog was larger, $2,425.2M, and preceded a two-year fall in sales (C11).
- Orders placed a year out to secure a production slot are also how double ordering starts (C44).
What would change our view
- Unattractive→NeutralThe price returns to the top of its own range
It needs:
- ○The company's value falls to 1.15 times its last year of sales, the most it fetched at any year-end since 2020.about ≈$26.29 today, 31% below the last close
- Unattractive→NeutralThe margin proves a higher peak
It needs all of:
- ○Gross margin reaches 27%, from 23.3%.checked at the next results, due by 4 Nov
- ○The MOSFET business keeps 10 cents of each sales dollar as operating profit, from 1.4 cents.checked at the next results, due by 4 Nov
- Unattractive→AttractiveCheaper and better together
It needs all of:
- ○The company's value falls to 1.15 times its last year of sales.about ≈$26.29 today, 31% below the last close
- ○Gross margin reaches 27%, from 23.3%.checked at the next results, due by 4 Nov
We would also be wrong if
- Orders fall below shipments while distributors hold more than 20 weeks of stock.
- Gross margin drops below 21% in any 2027 quarter.
- Cash flow stays negative through 2027 with plant spending above a tenth of sales.
What is coming
- 4 November 2026 Q3 2026 results: Revenue against the $945M to $975M guide, gross margin against 24.0%, book-to-bill against 1.1 and distributor inventory against 18 weeks: whether orders still outrun shipments.
Every dated event ahead
- 4 November 2026 Q3 2026 results: Revenue against the $945M to $975M guide, gross margin against 24.0%, book-to-bill against 1.1 and distributor inventory against 18 weeks: whether orders still outrun shipments.
- December 2026 First engineering wafers at the Itzehoe 12-inch fab: Whether the largest capacity project starts on time, or slips while it keeps free cash flow negative.
- February 2027 Q4 2026 results and the FY2026 10-K: Full-year free cash flow against the negative guide, the 2027 capital plan, and whether gross margin keeps climbing toward the 30% target.
- April 2027 2027 proxy statement: Whether the 2024 performance shares paid on relative return, what the 2026 bonus paid on margins, and insider ownership after the share sale.
Since we wrote this
- 5 OctThesis reviewThe long case now sits under the verdictAfter the five-name pilot, the owner asked for the long case on every thesis.
- 4 OctThesis writtenUnattractive, medium convictionWritten two months after the June-quarter beat and a month before Q3 2026 results, with the shares at $38.18 after a 147.6% rise in a year and a $50 share sale in July.
- 4 OctThesis reviewOwner's checklist: revenue streams, cost of growth, management, catalystsThe owner's checklist found the method silent on who runs the company, what growth costs, where the money comes from and what is dated ahead; this pass fills those four blocks from the proxy and filings.
Also checked 5 times with nothing new to act on.
Sources 28
Sources - 28
Every claim above cites one of these, or states the reasoning that derived it. The quote is frozen at the date it was read: a link can rot, and an agent fetch returns a reading of a page rather than the page. Backs counts the whole claim ledger, so it can name a claim this page does not surface.
- S01primarycompany filing2026-02-13Item 1 (products, brands, product classes, competitors by line, customers, channels), risk factors, segment note, revenue by end market and channel, income statements 2023-2025, cash flow and capital spending, Class B voting, convertible notes and capped call, capital return policybacksC01C02C03C04C05C11C14C17C18C19C27C49C54
- S02primarycompany release2026-08-05GAAP and adjusted revenue, the tariff refund, margins, EPS, book-to-bill, backlog in months, free cash, the September-quarter guidebacksC06C08C12C14C41C46
- S03primarycompany filing2026-08-05segment revenue, gross profit, operating income and capital spending; balance sheet; convertible terms; share counts on the cover; diluted share detail; stock paybacksC06C07C16C17C19C21C41C49
- S04primarytranscript2026-08-05Q2 2026 earnings call transcriptdata/cache/transcripts/VSH-2026Q2.jsonbacklog in dollars, ordering beyond 52 weeks, price increases, distributor inventory and point-of-sale, end-market growth, Newport audits, foundries, 12-inch fab timing, capital plan, the 30% margin target; analysts from BofA, Needham and Raymond James
As a reminder, Vishay can populate more than 80% of the components on a board in a power application.
backsC09C10C13C15C38C39C40C47 - S05primarycompany release2026-07-01offering size, price, option, use of proceedsbacksC16C48
- S06primarycompany release2026-02-04December-quarter revenue and margin, the Newport drag, book-to-bill, backlog, the March-quarter guidebacksC08C46C47
- S07primarycompany release2026-05-13March-quarter revenue, margin, EPS, book-to-bill by segment, backlog, the June-quarter guidebacksC08C46
- S08secondaryvendor data2026-10-04Research pack (FMP market tier and filed statements), frozen at content/VSH/research-pack.jsoncontent/VSH/research-pack.jsoncloses and the price-move split, consensus estimates and its history, ratings, year-end multiples, the filed cohortbacksC21C22C48
- S09primaryindustry data2026-06-02discrete semiconductor market of $30.7B in 2025, forecast $33.2B in 2026 and $35.7B in 2027; optoelectronics $43.0B
Discrete Semiconductors 30,728 33,188 35,712 -1.0 8.0 7.6
backsC31 - S10primaryindustry data2023-03-20requalification on any change including a move of production to another plant; 1,000-hour life and humidity tests
Requalification of a component or family shall be required when the supplier makes a change to the component or family and/or process that impact the form, fit, function, quality and reliability of the component or family.
backsC28 - S11secondaryindustry data2025-10-16the carmakers' association on how long a supplier switch takes; acea.auto returned an empty 202
the homologating of new suppliers for specific components and the build-up of production would take “several months.”
backsC29 - S12secondaryindustry data2026-09-01component sentiment index and lead-time responses for August 2026
The overall ECIA component sentiment index declined by 4.9 points month over month to 136.7 in August, down 17.4 points from its June peak of 154.1.
backsC30 - S13primarycompany filing2026-02-20Diodes Incorporated Form 10-K, fiscal year ended December 31, 2025 Diodes Incorporatednames Vishay among its competitors in discretesbacksC33
- S14primarycompany filing2026-08-27Alpha and Omega Semiconductor Form 10-K, fiscal year ended June 30, 2026 Alpha and Omega Semiconductornames Vishay as a competitor in power discretes and power ICsbacksC33
- S15primarycompany filing2026-02-09the Power Solutions Group: MOSFETs, IGBTs and silicon carbide for automotive and industrial powerbacksC34
- S16primarycompany filing2026-02-26STMicroelectronics Form 20-F, fiscal year ended December 31, 2025 STMicroelectronicsthe Power and Discrete products line inside its analog, power and discrete segmentbacksC34
- S17secondarynews2025-11-09BusinessDay (Reuters): China eases Nexperia chip exports for civilian use Ministry of Commerce of Chinathe end of the Nexperia export halt for civilian parts
China has granted exemptions to export controls on Nexperia chips for civilian applications, the commerce ministry said on Sunday
backsC35 - S18secondarynews2026-07-19FilingReader: Yangjie Technology forecasts 40% profit surge on AI demand (summary of its Shenzhen filing) Yangzhou Yangjie Electronic Technologyfirst-half 2026 revenue forecast; automotive more than doubled, silicon carbide nearly doubled
Total revenue is expected to increase by approximately 30% year-on-year.
backsC36 - S19secondarynews2026-07-01passive-components.eu: Samsung MLCC replacing aluminum polymer capacitors in AI systems Samsung Electro-Mechanicsthe MLCC substitution argument, from the MLCC maker
Designers are increasingly replacing aluminum polymer capacitors with advanced multilayer ceramic capacitors (MLCCs) to meet stringent requirements for transient response, footprint, and reliability
backsC37 - S20primaryregulator2026-09-15shares sold short and days to cover
17,407,177 shares short, settlement date 2026-09-15, as read by scripts/api/finra.py
backsC23 - S21primarycompany filing2026-10-03no open-market purchases or sales; grants, vestings and withholding onlybacksC20
- S22primarycompany release2026-07-06the conversion window, triggered by the share pricebacksC17
- S23primarycompany filing2026-05-186.0M shares added to the incentive planbacksC19
- S24primarycompany filing2023-02-222022 revenue, gross profit, operating income and diluted EPS; the five-quarter backlog and book-to-bill tablebacksC05C11C49
- S25primarycompany filing2026-04-08directors and executive officers, beneficial ownership at the April 6, 2026 record date, the 2025 bonus measures and payouts, the 2025 equity grants and the 2023 performance-share outcomebacksC51C52C53
- S26primarycompany filing2026-08-12the dividend of $0.10 a share payable September 24, 2026backsC54
- S27primarycompany filing2026-10-02a director's notice of a planned sale under a Rule 10b5-1 plan adopted June 4, 2026read, but no claim rests on it
- S28secondaryvendor data2026-10-05the expected date of the third-quarter 2026 results
{'symbol': 'VSH', 'date': '2026-11-04', 'epsActual': None, 'epsEstimated': 0.29, 'revenueActual': None, 'revenueEstimated': 963187800}
read, but no claim rests on it