VISHAY INTERTECHNOLOGY INC
Business
Vishay Intertechnology manufactures a broad portfolio of discrete semiconductors and passive electronic components serving automotive, industrial, computing, consumer, telecommunications, military, aerospace, and healthcare markets worldwide. Semiconductor products include MOSFETs, diodes, and optoelectronic components; passive components include resistors, inductors, and capacitors. The company operates six reportable business segments organized by product type and serves original equipment manufacturers, electronic manufacturing services companies, and independent distributors through regionally-based sales organizations supported by field application engineers.
Summary from 10-K filed 2026-02-13
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Net revenues | 3,069 | 2,938 | 3,402 | 3,497 | 3,240 | |
| Costs of products sold | 2,474 | 2,311 | 2,428 | 2,438 | 2,353 | |
| Gross profit | 595 | 626 | 974 | 1,059 | 888 | |
| Selling, general, and administrative expenses | 538 | 514 | 488 | 444 | 420 | |
| Restructuring and severance costs | 0 | 41 | 0 | 0 | 0 | |
| Impairment of goodwill | 0 | 66 | 0 | 0 | — | |
| Operating income | 57 | 6 | 486 | 615 | 468 | |
| Interest expense | −39 | −27 | −25 | −17 | — | |
| Other | 7 | 19 | 25 | −5 | −16 | |
| Loss on early extinguishment of debt | 0 | 0 | −19 | 0 | 0 | |
| Total other income (expense) | −31 | −8 | −19 | −22 | −33 | |
| Income (loss) before taxes | 26 | −2 | 467 | 594 | 435 | |
| Income tax expense | 34 | 27 | 142 | 163 | 136 | |
| Net earnings (loss) | −9 | −30 | 326 | 430 | 299 | |
| Less: net earnings attributable to noncontrolling interests | 0 | 1 | 2 | 2 | 967,000 | |
| Net earnings (loss) attributable to Vishay stockholders | −9 | −31 | 324 | 429 | 298 | |
| Basic earnings (loss) per share attributable to Vishay stockholders (in dollars per share) | −0.07 | −0.23 | 2.32 | 2.99 | 2.05 | |
| Diluted earnings (loss) per share attributable to Vishay stockholders (in dollars per share) | −0.07 | −0.23 | 2.31 | 2.98 | 2.05 | |
| Weighted average shares outstanding - basic (in shares) | 136 | 137 | 139 | 143 | 145 | |
| Weighted average shares outstanding - diluted (in shares) | 136 | 137 | 140 | 144 | 145 | |
| Cash dividends per share (in dollars per share) | 0.4 | 0.4 | 0.4 | 0.4 | 0.39 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 515 | 590 | 973 | 611 | 774 | |
| Short-term investments | 265,000 | 16 | 36 | 305 | 147 | |
| Accounts receivable, net of allowances for credit losses of $2,399 and $1,311, respectively | 382 | 402 | 427 | 416 | 396 | |
| Finished goods | 182 | 175 | 167 | 156 | 147 | |
| Work in process | 331 | 296 | 267 | 261 | 226 | |
| Raw materials | 245 | 218 | 213 | 201 | 163 | |
| Total inventories | 759 | 689 | 648 | 619 | 537 | |
| Prepaid expenses and other current assets | 231 | 218 | 214 | 170 | 157 | |
| Total current assets | 1,887 | 1,916 | 2,297 | 2,121 | 2,010 | |
| Land | 86 | 84 | 77 | 76 | 75 | |
| Buildings and improvements | 840 | 766 | 719 | 659 | 640 | |
| Machinery and equipment | 3,478 | 3,259 | 3,054 | 2,858 | 2,758 | |
| Construction in progress | 464 | 368 | 291 | 243 | 146 | |
| Allowance for depreciation | −3,195 | −2,931 | −2,846 | −2,705 | −2,639 | |
| Property and equipment, net | 1,673 | 1,546 | 1,295 | 1,130 | 979 | |
| Right of use assets | 120 | 118 | 127 | 131 | 118 | |
| Deferred income taxes | 183 | 160 | 137 | 105 | 95 | |
| Goodwill | 180 | 179 | 201 | 201 | 165 | |
| Other intangible assets, net | 78 | 87 | 72 | 78 | 68 | |
| Other assets | 112 | 106 | 110 | 99 | 108 | |
| Total assets | 4,234 | 4,111 | 4,240 | 3,866 | 3,543 | |
| Trade accounts payable | 215 | 216 | 191 | 189 | 254 | |
| Payroll and related expenses | 164 | 137 | 162 | 166 | 163 | |
| Lease liabilities | 27 | 26 | 26 | 25 | 23 | |
| Other accrued expenses | 300 | 264 | 239 | 262 | 218 | |
| Income taxes | 15 | 65 | 73 | 84 | 35 | |
| Total current liabilities | 720 | 708 | 692 | 726 | 694 | |
| Long-term debt, less current portion | 951 | 905 | 818 | 501 | 456 | |
| Deferred income taxes | 97 | 96 | 96 | 117 | 69 | |
| Long-term lease liabilities | 96 | 94 | 103 | 108 | 100 | |
| Other liabilities | 109 | 104 | 88 | 93 | 96 | |
| Accrued pension and other postretirement costs | 173 | 174 | 196 | 187 | 272 | |
| Total liabilities | 2,146 | 2,082 | 2,039 | 1,816 | 1,797 | |
| Commitments and contingencies | — | — | — | — | — | |
| Preferred stock, par value $1.00 per share: authorized - 1,000,000 shares; zero issued | 0 | 0 | 0 | 0 | 0 | |
| Common stock, par value $0.10 per share: authorized - 300,000,000 shares; 123,498,190 and 133,607,153 shares issued | 12 | 13 | 13 | 13 | 13 | |
| Class B convertible common stock, par value $0.10 per share: authorized - 40,000,000 shares; 12,097,148 shares issued | 1 | 1 | 1 | 1 | 1 | |
| Capital in excess of par value | 1,101 | 1,306 | 1,291 | 1,352 | 1,348 | |
| Retained earnings | 892 | 956 | 1,041 | 773 | 402 | |
| Treasury stock (at cost): zero and 9,933,595 common shares | 0 | −212 | −162 | −83 | 0 | |
| Accumulated other comprehensive income (loss) | 81 | −35 | 10 | −11 | −20 | |
| Total equity | 2,088 | 2,029 | 2,196 | 2,046 | 1,744 | |
| Total equity | 2,088 | 2,029 | 2,201 | 2,050 | 1,747 | |
| Total liabilities and equity | 4,234 | 4,111 | 4,240 | 3,866 | 3,543 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 225 | 211 | 184 | 164 | 167 | |
| (Gain) loss on disposal of property and equipment | 100,000 | −2 | −554,000 | −455,000 | −303,000 | |
| Inventory write-offs for obsolescence | 35 | 37 | 37 | 27 | 21 | |
| Pensions and other postretirement benefits, net of contributions | −6 | −6 | −10 | −615,000 | 2 | |
| Stock compensation expense | 22 | 21 | 17 | 7 | 7 | |
| Deferred income taxes | −11 | −24 | 37 | 39 | 51 | |
| Other operating activities | 7 | 20 | 9 | 835,000 | 10 | |
| Change in U.S. transition tax liability | −47 | −38 | −28 | −15 | −15 | |
| Change in repatriation tax liability | −9 | −15 | −64 | −25 | 0 | |
| Net change in operating assets and liabilities, net of effects of businesses acquired | −23 | −68 | −162 | −142 | −83 | |
| Net cash provided by operating activities | 184 | 174 | 366 | 484 | 457 | |
| Capital expenditures | −273 | −320 | −329 | −325 | −218 | |
| Proceeds from sale of property and equipment | 1 | 3 | 1 | 1 | 1 | |
| Purchase of and deposits for businesses, net of cash acquired | 0 | −216 | −14 | −50 | −21 | |
| Purchase of short-term investments | −29 | −145 | −118 | −286 | −141 | |
| Maturity of short-term investments | 45 | 165 | 388 | 133 | 148 | |
| Other investing activities | −2 | 970,000 | −1 | −2 | 129,000 | |
| Net cash used in investing activities | −258 | −512 | −73 | −529 | −230 | |
| Proceeds from long-term borrowings | 0 | 0 | 750 | 0 | 0 | |
| Principal payment upon maturity of convertible senior notes due 2025 | −42 | 0 | 0 | — | — | |
| Repurchase of convertible senior notes due 2025 | 0 | −53 | −387 | 0 | −300,000 | |
| Net proceeds (payments) on revolving credit facility | 83 | 136 | −42 | 42 | 0 | |
| Debt issuance and amendment costs | 0 | −1 | −27 | 0 | 0 | |
| Cash paid for capped call | 0 | 0 | −94 | 0 | 0 | |
| Repurchase of common stock | −13 | −50 | −79 | −83 | 0 | |
| Distributions to noncontrolling interests | 0 | −3 | −867,000 | −741,000 | −800,000 | |
| Acquisition of noncontrolling interests | 0 | −6 | 0 | 0 | — | |
| Cash withholding taxes paid when shares withheld for vested equity awards | −4 | −4 | −4 | −2 | −2 | |
| Other financing activities | 10 | 0 | 0 | — | — | |
| Net cash provided by (used in) financing activities | −20 | −35 | 61 | −101 | −59 | |
| Effect of exchange rate changes on cash and cash equivalents | 18 | −8 | 8 | −18 | −14 | |
| Net increase (decrease) in cash and cash equivalents | −75 | −382 | 362 | −163 | 154 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is VISHAY INTERTECHNOLOGY INC's CIK number?
VISHAY INTERTECHNOLOGY INC's SEC CIK number is 0000103730 (103730). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find VISHAY INTERTECHNOLOGY INC's SEC filings?
All of VISHAY INTERTECHNOLOGY INC's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did VISHAY INTERTECHNOLOGY INC last report earnings?
VISHAY INTERTECHNOLOGY INC (VSH) most recently filed an earnings 8-K with the SEC on May 13, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0000103730-26-000037). This is VISHAY INTERTECHNOLOGY INC's most recent earnings filing of record — not a forecast of its next earnings date.
What is VISHAY INTERTECHNOLOGY INC's most recent earnings 8-K?
VISHAY INTERTECHNOLOGY INC's latest earnings 8-K (Item 2.02) was filed May 13, 2026 under accession 0000103730-26-000037. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
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