Vishay Intertechnology(NYSE) VSH

Vishay Intertechnology, Inc. makes tiny electronic parts that help cars, phones, and factory machines work. These components control the flow of electricity to keep devices running safely. The company sells these essential building blocks to manufacturers across many different industries.

Essential Parts for Modern Machines

• Resistors: Electronic parts that adjust and regulate electrical voltage; earned $215.0 million in net revenues for the quarter ended July 4, 2026.
• MOSFETs: Transistors used to switch or amplify signals in power management; generated $188.9 million in net revenues during the second fiscal quarter of 2026.
• Diodes: Components that allow current to flow in only one direction; contributed $187.0 million in net revenues for the second fiscal quarter of 2026.
• Capacitors: Parts that store and release electrical energy as needed; provided $153.4 million in net revenues for the fiscal quarter ended July 4, 2026.
• Inductors: Components that use magnetic fields to manage alternating current; accounted for $104.2 million in net revenues during the quarter ended July 4, 2026.

Investing in Global Production Capacity

• Acquired the Newport wafer fab in 2024 to increase production of specialized power semiconductors.
• Allocated approximately half of the 2026 capital budget to build a 12-inch wafer factory in Itzehoe, Germany.
• Completed a public stock offering in July 2026, raising $830.3 million to fund growth and pay down debt.
• Expanded manufacturing for high-voltage film capacitors used in smart-grid infrastructure projects.

What Sets the Portfolio Apart

Vishay offers one of the world's broadest portfolios of discrete semiconductors and passive electronic components. The company focuses on specialty products that serve high-growth markets like e-mobility and sustainability to resist price erosion.

Recent Financial Performance Highlights

• Net revenues reached $888.6 million for the fiscal quarter ended July 4, 2026, up 16.6% year over year.
• Net earnings were $28.1 million for the fiscal quarter ended July 4, 2026, up from $2.0 million one year earlier.
• End-of-period backlog grew to $1.9 billion as of July 4, 2026, compared to $1.2 billion on June 28, 2025.
• Planned capital expenditures for 2026 range from $400 million to $440 million to support future production.

Evolution of the Business

Vishay has transformed from a general components maker into a strategic supplier for the automotive and industrial sectors. Its recent investments in larger wafer factories and specialty technology aim to capture rising demand for electric vehicles and sustainable energy infrastructure.