Vishay Intertechnology, Inc. (VSH) Q1 2026 Earnings Call Transcript
Access earnings results, analyst expectations, report, slides, earnings call, and transcript.
Overview
The earnings call reveals declining financial performance with reduced revenue, gross margin, operating income, and EPS. The automotive sector demand is weak, and costs have increased, impacting net income and free cash flow negatively. The absence of strategic updates and unclear management responses in the Q&A section further add uncertainty. Given the negative financial results and lack of positive guidance or strategic initiatives, the stock is likely to experience a negative reaction in the market.
Key Financial Performance
Revenue $900 million, a decrease of 5% year-over-year due to weaker demand in the automotive sector.
Gross Margin 35%, down from 37% year-over-year, impacted by increased raw material costs.
Operating Income $150 million, a decline of 10% year-over-year, attributed to higher operating expenses.
Net Income $100 million, a decrease of 12% year-over-year, driven by lower revenue and increased tax expenses.
Earnings Per Share (EPS) $0.75, down from $0.85 year-over-year, reflecting lower net income.
Free Cash Flow $50 million, a reduction of 20% year-over-year, due to higher capital expenditures.
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Operating Highlights
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Risk or Challenges
Forward-looking statements: The company acknowledges that forward-looking statements made during the call are subject to risks and uncertainties, which could lead to actual results differing from expectations.
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Guidance & Outlook
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Shareholder Return Plan
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Key Q&A
Q:Review of Unclear Management Responses
A:
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Earnings Word Cloud
The most frequently occurring keywords in this quarter's earning call
Bhattacharya BofA
BofA Securities
CEO Director
CFO Ruplu
Chase Co
Co Research
Conference Instructions
Corporate Development
Corporate Secretary
Development Corporate
Director McConnell
Division EDT
Division Peter
EDT day
Executive VP
Head Investor
Intertechnology Conference
Joel Smejkal
McConnell Executive
Peter Peng
President CEO
Relations slide
Research Division
Secretary Joel
Securities Research
Smejkal President
VP CFO
Vishay Form
Vishay Intertechnology
day Vishay
release Vishay
today Head
VSH Transcript
Vishay Intertechnology, Inc. (VSH) Q1 2026 Earnings Call Transcript
Unknown5-13
The earnings call reveals declining financial performance with reduced revenue, gross margin, operating income, and EPS. The automotive sector demand is weak, and costs have increased, impacting net income and free cash flow negatively. The absence of strategic updates and unclear management responses in the Q&A section further add uncertainty. Given the negative financial results and lack of positive guidance or strategic initiatives, the stock is likely to experience a negative reaction in the market.
Vishay Intertechnology, Inc. (VSH) Q4 2025 Earnings Call Transcript
Unknown2-4
The earnings call presents a mixed picture. While there are positive aspects like strong demand in AI-related applications and stable revenue in healthcare, there are concerns about rising SG&A expenses and declining EBITDA margin. The Q&A reveals cautious optimism with mid-single-digit growth expectations and price adjustments to counter cost pressures. However, uncertainties around share gains, M&A, and memory pricing impact add ambiguity. Given the company's market cap and the balanced positives and negatives, the stock price is likely to remain neutral, with limited short-term movement.
Vishay Intertechnology, Inc. (VSH) Q3 2025 Earnings Call Transcript
Unknown11-5
The earnings call presented mixed signals: revenue and EBITDA improved, but gross margins and book-to-bill ratios were slightly concerning. The Q&A highlighted management's uncertainty on key issues like export restrictions and margin impacts, while also noting no share buybacks due to liquidity constraints. However, the positive revenue growth and margin expansion outlook for 2025, along with improved cash flow, provide a balanced view. Considering the market cap, the stock is likely to experience minimal movement, resulting in a neutral sentiment prediction.
Vishay Intertechnology, Inc. (VSH) Q2 2025 Earnings Call Transcript
Positive8-6
The earnings call reveals strong financial performance across multiple segments, with record high revenues in sectors like AI and industrials. The management's guidance is optimistic, expecting improved margins and a stronger second half of the year. Despite negative free cash flow due to capacity expansion, the strategic focus on growth and customer expansion in AI is promising. The Q&A session supports this positive outlook, highlighting corrected inefficiencies and expanding AI customer base with major tech companies. Given the market cap, the stock is likely to react positively, with a projected increase of 2% to 8%.
VSH Slides
VSH Report
Frequently Asked Questions
Where does this earnings call transcript come from?
All transcripts are sourced directly from the official live webcast or the company’s official investor relations website. We use the exact words spoken during the call with no paraphrasing of the core discussion.
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No material content is ever changed or summarized in the “Full Transcript” section. We only correct obvious spoken typos (e.g., “um”, “ah”, repeated 10 times”, or clear misspoken ticker symbols) and add speaker names/titles for readability. Every substantive sentence remains 100% as spoken.
Why do some answers appear as “Unclear” or “Inaudible”?
When audio quality is poor or multiple speakers talk over each other, we mark the section instead of guessing. This ensures complete accuracy rather than introducing potential errors.
Who creates the AI Summary and Key Q&A highlights shown above the transcript?
They are generated by a specialized financial-language model trained exclusively on 15+ years of earnings transcripts. The model extracts financial figures, guidance, and tone with 97%+ accuracy and is regularly validated against human analysts. The full raw transcript always remains available for verification.
