Vishay Intertechnology, Inc. (VSH) AI Stock Analysis
VSH AI stock analysis summary
AI ResearchVishay Intertechnology, Inc. (VSH) manufactures discrete semiconductors and passive electronic components across Asia, Europe, and the Americas. Revenue grew 4.5% to $3.07B in FY2025, while trailing twelve month revenue reached $3.32B. The company recorded net income of -$9.0M in FY2025, but quarterly earnings grew 1800.0% year-over-year in the quarter ended June 30, 2026.
- Market cap
- $4.25B
- Revenue (TTM)
- $3.32B
- P/E
- 145.8x fwd 18.9x
- 1Y return
- 66.7% S&P 500 16.8%
- Avg. target
- $40.50 46.2% vs last close
Bull case
- Vishay demonstrated accelerating momentum in the quarter ended June 30, 2026, with quarterly revenue growing 16.6% and quarterly earnings up 1800.0% year-over-year.
- The company maintains a solid balance sheet liquidity profile with $1.30B in cash and short-term investments, supporting a net cash position of $205.5M as of June 30, 2026.
- Wall Street analysts project significant earnings expansion for FY2026, estimating EPS of $0.84 and a mean price target of $40.50, representing 46.2% upside to the last close.
Bear case
- Vishay recorded net income of -$9.0M in FY2025 and -$31.1M in FY2024, alongside negative free cash flow of -$89.0M in FY2025.
- The trailing P/E ratio stands at an elevated 145.8x compared to the median of 28.1x for its US-listed Technology peers.
- The company's dividend payout ratio sits at 137.9%, exceeding current earnings while free cash flow remained negative at -$89.0M in FY2025.
What Vishay Intertechnology does
Vishay Intertechnology, Inc. manufactures and supplies discrete semiconductors and passive electronic components across Asia, Europe, and the Americas. Headquartered in Malvern, Pennsylvania, the company operates across six specialized segments: MOSFETs, Diodes, Optoelectronic Components, Resistors, Inductors, and Capacitors. Its MOSFETs segment provides low- and medium-voltage TrenchFET MOSFETs, high-voltage planar MOSFETs, Super Junction MOSFETs, and power integrated circuits. The Diodes segment offers rectifiers, small signal diodes, protection diodes, thyristors, and power modules. Its Optoelectronic Components segment supplies infrared emitters and detectors, remote control receivers, optocouplers, solid-state relays, optical sensors, LEDs, 7-segment displays, and transceiver modules.
Growth and profitability
Vishay generated $3.07B in revenue during FY2025, up 4.5% from $2.94B in FY2024, following a 5-year revenue CAGR of 4.2% from FY2020. Annual net income was -$9.0M in FY2025 with an operating margin of 1.9% and a gross margin of 19.4%, improving from net income of -$31.1M and an operating margin of 0.2% in FY2024. For the trailing twelve months, revenue reached $3.32B with an operating margin of 2.4% and net profit margin of 0.9%, generating EPS of $0.19. In the latest quarter ended June 30, 2026, quarterly revenue grew 16.6% year-over-year, while quarterly earnings grew 1800.0% year-over-year.
Balance sheet and cash flow
As of June 30, 2026, Vishay held $1.30B in cash and short-term investments against total debt of $1.10B, resulting in net cash of $205.5M. Total assets stood at $5.16B with shareholders' equity of $2.91B, reflecting a current ratio of 1.80 and a debt-to-equity ratio of 0.38. In FY2025, operating cash flow was $184.3M, while capital expenditures totaled $273.3M, yielding free cash flow of -$89.0M. During FY2025, the company also spent $12.5M on share buybacks and paid $49.4M in dividends.
Valuation and performance
Vishay trades at a trailing P/E of 145.8x and a forward P/E of 18.9x, compared to a trailing P/E of 28.1x and forward P/E of 18.8x for the median of its US-listed Technology peers. Its enterprise value is $4.79B with an EV to EBITDA multiple of 14.0x, below the peer group median of 16.6x, and a price-to-sales ratio of 1.3x versus 2.8x for peers. Over the past year, the stock returned 66.7%, outperforming the S&P 500 return of 16.8%, though its 5-year return of 57.3% trailed the index return of 83.0%.
VSH dividend
Vishay pays a quarterly dividend with an annual forward dividend of $0.40 per share, delivering a dividend yield of 1.44%. The company has paid dividends for 13 consecutive years, with an annualized 5-year dividend growth rate of 1.0%. Its payout ratio is 137.9%, and its last ex-dividend date was September 10, 2026.
What analysts expect
Wall Street analysts maintain 3 Strong Buy, 2 Buy, 1 Hold, and 1 Sell rating on Vishay. The mean price target is $40.50, representing a 46.2% upside compared to the last close of $27.71 on October 16, 2026. For the fiscal year ending December 31, 2026, consensus estimates project revenue of $3.71B and EPS of $0.84. Over the last four quarters, the company beat EPS estimates 2 times, and its next earnings date is November 4, 2026.
Key risks and what to watch
- Free cash flow was negative at -$89.0M in FY2025 due to capital expenditures of $273.3M exceeding operating cash flow of $184.3M.
- The stock carries elevated market sensitivity with a beta of 1.79 and trades 11.7% below its 200-day average.
- Short interest represents a notable portion of the market, with short positions at 13.3% of the float.
- The dividend payout ratio of 137.9% could come under pressure if trailing twelve month EPS of $0.19 fails to expand as estimated.
AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer
About this VSH AI stock analysis
This page is an AI-written research summary of Vishay Intertechnology, Inc. (VSH). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.
Related: VSH income statement, VSH balance sheet, VSH key metrics, VSH analyst forecast, VSH chart. See the VSH stock overview for the latest quote and news.
VSH AI stock analysis FAQ
What was Vishay's revenue and net income in FY2025?
In FY2025, Vishay reported revenue of $3.07B, which grew 4.5% year-over-year, and net income of -$9.0M.
Does Vishay pay a dividend?
Yes, Vishay pays a quarterly dividend with an annual forward dividend of $0.40, offering a dividend yield of 1.44%. It has paid dividends for 13 consecutive years, with a payout ratio of 137.9%.
What are analysts forecasting for Vishay in FY2026?
For the fiscal year ending December 31, 2026, analysts estimate revenue of $3.71B and EPS of $0.84, representing an estimated EPS growth of 1782.1%.
What is Vishay's cash and debt position?
As of June 30, 2026, Vishay held $1.30B in cash and short-term investments against $1.10B in total debt, resulting in net cash of $205.5M.