Vishay Intertechnology Reports Q4 2025 Results with Revenue Growth and Strong Book-to-Bill
VSH has more than doubled off its 52-week low of $10.35 on elevated volume (1.8× avg).
Summary
Vishay Intertechnology reported Q4 2025 revenues of $800.9 million and GAAP EPS of $0.01, highlighting steadily improving performance, a strong book-to-bill ratio of 1.20, and an optimistic outlook for Q1 2026.
Key Events · Earnings and Guidance · VSH
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Q4 2025 Financial Performance
Reported revenues of $800.9 million, a 1.3% increase from Q3 2025, and GAAP EPS of $0.01, a significant improvement from a loss of $0.49 in Q4 2024.
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Strong Demand Indicators
Achieved a book-to-bill ratio of 1.20, with semiconductors at 1.27 and passive components at 1.13, indicating growing demand and a three-year high in orders. Backlog stood at 4.9 months.
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Q1 2026 Outlook
Management expects Q1 2026 revenues to be in the range of $800 million to $830 million, with a gross profit margin of 19.9% +/- 50 basis points.
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CEO Optimism
CEO Joel Smejkal expressed confidence, stating the company is 'ready to take off' in 2026, aiming to outperform the market and accelerate revenue growth.
Analysis · VSH · Manufacturing
Vishay Intertechnology's fourth-quarter results indicate a positive shift in operational performance, marked by sequential and year-over-year revenue growth and a robust book-to-bill ratio of 1.20. While GAAP EPS remained low at $0.01, the significant improvement from prior periods and the strong demand signals, particularly in industrial and AI-related power applications, suggest a strengthening market position. The company's optimistic outlook for Q1 2026, coupled with its stock trading near 52-week highs, points to investor confidence in its strategic direction and ability to capitalize on growing demand.
At the time of this filing, VSH was trading at $21.00 on NYSE in the Manufacturing sector, with a market capitalization of approximately $2.8B. The 52-week trading range was $10.35 to $21.19. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.