Q4 Revenue Reaches $800.9M, Three-Year High
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 04 2026
0mins
Should l Buy VSH?
Reports Q4 revenue $800.9M vs. $714.7M last year. "Fourth quarter financial results capped a year of steadily improving performance. Revenue was 1.3% higher than the third quarter, reflecting growing demand for a broad range of industrial and AI-related power applications, with growth in each channel, led by distribution. Orders for the quarter reached a three-year high and we ended the quarter with a book-to-bill of 1.20," said Joel Smejkal, president and CEO. "As a result, we enter 2026 ready to take off as we push our factories to maintain competitive lead times and win our customers' trust, push to outperform the market and push to advance our strategy to accelerate revenue growth, elevate profitability and enhance our return on capital."
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Analyst Views on VSH
Wall Street analysts forecast VSH stock price to fall
1 Analyst Rating
0 Buy
0 Hold
1 Sell
Moderate Sell
Current: 32.590
Low
14.00
Averages
14.00
High
14.00
Current: 32.590
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.
Vishay Launches New ESD Protection Diode for Automotive Ethernet
- Successful Compliance Testing: Vishay's VETH100A1DD1 ESD protection diode, housed in a DFN1006 package, has successfully passed IEEE 10BASE-T1S compliance testing, confirming its suitability for automotive One-Pair Ethernet (OPEN) bus architectures, thereby enhancing its market competitiveness.
- Support for Multiple Applications: The device meets all three OPEN Alliance EMC Test Specifications, supporting 10BASE-T1S, 100BASE-T1, and 1000BASE-T1 applications, providing a broad ESD protection solution that caters to diverse automotive Ethernet architectures.
- Low Capacitance Design: With a capacitance below 1 pF, the VETH100A1DD1 ensures signal integrity in 10BASE-T1S networks, making it well-suited for multidrop bus topologies where multiple nodes share the same physical medium, thus enhancing system reliability.
- Significant Market Potential: Its compliance across various automotive Ethernet standards positions the product as a flexible ESD protection solution for designers, which is expected to drive Vishay's further growth in the automotive, industrial, and consumer electronics markets.
See More
Vishay Launches New Thin Film Submount Platform for Advanced Applications
- High-Performance Submount: Vishay's newly launched thin film submount platform is designed for next-generation optical transceivers and RF modules, featuring high thermal performance and precision alignment to meet the demands of high-density applications like 800G, 1.6T, and 3.2T optical transceivers, significantly enhancing electronic system efficiency.
- Optimized Thermal Management: Utilizing aluminum nitride (AlN) substrates, the platform delivers superior thermal conductivity that supports efficient heat dissipation for high-power devices, thereby maintaining signal integrity in high-frequency transmissions under demanding environmental conditions.
- Reduced Manufacturing Complexity: The new platform simplifies manufacturing processes through pre-deposited AuSn or EPIG and precision machining, enhancing design flexibility to accommodate space-constrained modules and custom designs.
- Broad Application Potential: Vishay's thin film submount platform has been validated across various applications, including laser diode mounting, RF/microwave modules, and hermetic packaging solutions, showcasing strong potential in defense, aerospace, and high-reliability industrial sectors.
See More
Semiconductor Stocks Decline Amid Geopolitical Tensions
- Geopolitical Impact: Semiconductor stocks broadly declined in afternoon trading due to escalating tensions between the US and China over artificial intelligence technology, with Lam Research's shares falling 3.6%, reflecting market concerns about future uncertainties.
- Chinese Intervention: The Chinese government ordered Meta to unwind its $2 billion acquisition of AI startup Manus on national security grounds, a move seen as direct intervention to limit foreign access to its advanced technology sector, intensifying the tech rivalry between the US and China.
- Supply Chain Concerns: Ongoing worries about global supply chain disruptions stemming from the conflict involving the US, Israel, and Iran have led to rising raw material costs, prompting investor concerns about potential production delays and increased operational costs for technology hardware companies, which negatively impacted market sentiment.
- Strong Performance from Lam Research: Despite market volatility, Lam Research reported $5.84 billion in revenue for Q3, reflecting double-digit year-over-year growth, and projected revenue and earnings well above prior estimates for the coming quarters, demonstrating strong confidence in AI-driven demand.
See More
Vishay Launches New Ultrafast Rectifiers in Compact DFN6546A Package
- Product Launch: Vishay Intertechnology has introduced 16 FRED Pt® ultrafast rectifiers in the low-profile DFN6546A package, designed for commercial, industrial, and automotive applications, with a voltage rating of 200 V and current ratings ranging from 6 A to 15 A, addressing diverse market needs.
- Space Efficiency Improvement: The DFN6546A package measures 6.5 mm x 4.6 mm and has a height of only 0.88 mm, offering a 10% lower profile and a 50% higher current rating compared to 200 V components with the same footprint, significantly enhancing PCB space utilization.
- Broad Application Prospects: These rectifiers are suitable for high-frequency inverters, DC/DC converters, and LED backlighting, particularly excelling in battery management systems for electric and hybrid vehicles, meeting the urgent market demand for high efficiency.
- High-Performance Features: The rectifiers feature low reverse leakage current and operate over a wide temperature range (-55 °C to +175 °C), with a low forward voltage drop (0.75 V) and fast reverse recovery time, reducing power losses to improve efficiency, and are RoHS compliant, making them ideal for automated production.
See More
Stock Market Performance Analysis
- Vishay Intertechnology Warning: Vishay Intertechnology (NYSE:VSH) saw a 49.7% stock price increase over the past month, yet its annual sales have declined by 5% for two consecutive years, indicating a failure to connect with market demands, while a gross margin of 20.3% highlights high production costs leading to worsening cash flow, prompting caution among investors.
- Brown-Forman Performance Decline: Brown-Forman (NYSE:BF.B) experienced a 27.5% stock price rise in the last month, but its annual sales fell by 2%, with flat sales projected over the next 12 months indicating weak demand, and a 6.6 percentage point drop in operating margin due to inability to adjust costs amidst declining revenue, necessitating a reevaluation of its investment value.
- Cogent Communications Demand Weakness: Cogent Communications (NASDAQ:CCOI) had a 14.8% stock price increase in the past month, but its annual revenue growth was only 1.8%, showing lagging demand compared to peers, while diminishing returns on capital and unfavorable liquidity could lead to shareholder dilution, warranting caution from investors.
- Short-Term Momentum vs. Long-Term Risks: While these companies have shown impressive short-term performance, significant fundamental issues remain, and investors should be wary of potential long-term risks to avoid losses stemming from short-term fads.
See More
Vishay Launches New Low Profile Inductor
- Product Launch: Vishay Intertechnology has introduced the IHLP1212-EZ-1Z low profile high current inductor, measuring 3.0 mm x 3.0 mm, designed for space-constrained commercial applications, offering comparable electrical performance to larger devices, thereby enhancing market competitiveness.
- High Efficiency Features: This inductor boasts a typical DCR range from 8.6 mΩ to 50.4 mΩ and a rated current of up to 14.3 A, making it suitable for low profile DC/DC converters and fulfilling diverse application needs in industrial drives and medical instrumentation.
- Material Advantages: The IHLP1212-EZ-1Z features a robust powdered iron body that completely encapsulates its windings, eliminating air gaps and providing magnetic shielding, significantly improving interference resistance and ensuring stability under high temperature and current conditions.
- Market Positioning: This inductor is RoHS-compliant and offers excellent resistance to thermal shock, moisture, and mechanical shock, with pricing starting at $0.463 per piece, which is expected to drive further growth for Vishay in the electronic components market.
See More
Vishay Launches New ESD Protection Diode for Automotive Ethernet
- Successful Compliance Testing: Vishay's VETH100A1DD1 ESD protection diode, housed in a DFN1006 package, has successfully passed IEEE 10BASE-T1S compliance testing, confirming its suitability for automotive One-Pair Ethernet (OPEN) bus architectures, thereby enhancing its market competitiveness.
- Support for Multiple Applications: The device meets all three OPEN Alliance EMC Test Specifications, supporting 10BASE-T1S, 100BASE-T1, and 1000BASE-T1 applications, providing a broad ESD protection solution that caters to diverse automotive Ethernet architectures.
- Low Capacitance Design: With a capacitance below 1 pF, the VETH100A1DD1 ensures signal integrity in 10BASE-T1S networks, making it well-suited for multidrop bus topologies where multiple nodes share the same physical medium, thus enhancing system reliability.
- Significant Market Potential: Its compliance across various automotive Ethernet standards positions the product as a flexible ESD protection solution for designers, which is expected to drive Vishay's further growth in the automotive, industrial, and consumer electronics markets.
See More
Vishay Launches New Thin Film Submount Platform for Advanced Applications
- High-Performance Submount: Vishay's newly launched thin film submount platform is designed for next-generation optical transceivers and RF modules, featuring high thermal performance and precision alignment to meet the demands of high-density applications like 800G, 1.6T, and 3.2T optical transceivers, significantly enhancing electronic system efficiency.
- Optimized Thermal Management: Utilizing aluminum nitride (AlN) substrates, the platform delivers superior thermal conductivity that supports efficient heat dissipation for high-power devices, thereby maintaining signal integrity in high-frequency transmissions under demanding environmental conditions.
- Reduced Manufacturing Complexity: The new platform simplifies manufacturing processes through pre-deposited AuSn or EPIG and precision machining, enhancing design flexibility to accommodate space-constrained modules and custom designs.
- Broad Application Potential: Vishay's thin film submount platform has been validated across various applications, including laser diode mounting, RF/microwave modules, and hermetic packaging solutions, showcasing strong potential in defense, aerospace, and high-reliability industrial sectors.
See More
Semiconductor Stocks Decline Amid Geopolitical Tensions
- Geopolitical Impact: Semiconductor stocks broadly declined in afternoon trading due to escalating tensions between the US and China over artificial intelligence technology, with Lam Research's shares falling 3.6%, reflecting market concerns about future uncertainties.
- Chinese Intervention: The Chinese government ordered Meta to unwind its $2 billion acquisition of AI startup Manus on national security grounds, a move seen as direct intervention to limit foreign access to its advanced technology sector, intensifying the tech rivalry between the US and China.
- Supply Chain Concerns: Ongoing worries about global supply chain disruptions stemming from the conflict involving the US, Israel, and Iran have led to rising raw material costs, prompting investor concerns about potential production delays and increased operational costs for technology hardware companies, which negatively impacted market sentiment.
- Strong Performance from Lam Research: Despite market volatility, Lam Research reported $5.84 billion in revenue for Q3, reflecting double-digit year-over-year growth, and projected revenue and earnings well above prior estimates for the coming quarters, demonstrating strong confidence in AI-driven demand.
See More
Vishay Launches New Ultrafast Rectifiers in Compact DFN6546A Package
- Product Launch: Vishay Intertechnology has introduced 16 FRED Pt® ultrafast rectifiers in the low-profile DFN6546A package, designed for commercial, industrial, and automotive applications, with a voltage rating of 200 V and current ratings ranging from 6 A to 15 A, addressing diverse market needs.
- Space Efficiency Improvement: The DFN6546A package measures 6.5 mm x 4.6 mm and has a height of only 0.88 mm, offering a 10% lower profile and a 50% higher current rating compared to 200 V components with the same footprint, significantly enhancing PCB space utilization.
- Broad Application Prospects: These rectifiers are suitable for high-frequency inverters, DC/DC converters, and LED backlighting, particularly excelling in battery management systems for electric and hybrid vehicles, meeting the urgent market demand for high efficiency.
- High-Performance Features: The rectifiers feature low reverse leakage current and operate over a wide temperature range (-55 °C to +175 °C), with a low forward voltage drop (0.75 V) and fast reverse recovery time, reducing power losses to improve efficiency, and are RoHS compliant, making them ideal for automated production.
See More
Stock Market Performance Analysis
- Vishay Intertechnology Warning: Vishay Intertechnology (NYSE:VSH) saw a 49.7% stock price increase over the past month, yet its annual sales have declined by 5% for two consecutive years, indicating a failure to connect with market demands, while a gross margin of 20.3% highlights high production costs leading to worsening cash flow, prompting caution among investors.
- Brown-Forman Performance Decline: Brown-Forman (NYSE:BF.B) experienced a 27.5% stock price rise in the last month, but its annual sales fell by 2%, with flat sales projected over the next 12 months indicating weak demand, and a 6.6 percentage point drop in operating margin due to inability to adjust costs amidst declining revenue, necessitating a reevaluation of its investment value.
- Cogent Communications Demand Weakness: Cogent Communications (NASDAQ:CCOI) had a 14.8% stock price increase in the past month, but its annual revenue growth was only 1.8%, showing lagging demand compared to peers, while diminishing returns on capital and unfavorable liquidity could lead to shareholder dilution, warranting caution from investors.
- Short-Term Momentum vs. Long-Term Risks: While these companies have shown impressive short-term performance, significant fundamental issues remain, and investors should be wary of potential long-term risks to avoid losses stemming from short-term fads.
See More
Vishay Launches New Low Profile Inductor
- Product Launch: Vishay Intertechnology has introduced the IHLP1212-EZ-1Z low profile high current inductor, measuring 3.0 mm x 3.0 mm, designed for space-constrained commercial applications, offering comparable electrical performance to larger devices, thereby enhancing market competitiveness.
- High Efficiency Features: This inductor boasts a typical DCR range from 8.6 mΩ to 50.4 mΩ and a rated current of up to 14.3 A, making it suitable for low profile DC/DC converters and fulfilling diverse application needs in industrial drives and medical instrumentation.
- Material Advantages: The IHLP1212-EZ-1Z features a robust powdered iron body that completely encapsulates its windings, eliminating air gaps and providing magnetic shielding, significantly improving interference resistance and ensuring stability under high temperature and current conditions.
- Market Positioning: This inductor is RoHS-compliant and offers excellent resistance to thermal shock, moisture, and mechanical shock, with pricing starting at $0.463 per piece, which is expected to drive further growth for Vishay in the electronic components market.
See More
