Vishay Intertechnology (VSH)

NYSEInformation TechnologySemiconductorsSnapshot 2026-10-23

$26.70-1.22%

Close 2026-10-23 · 1-day change

Investment OutlookAs of Oct 24, 2026

What could strengthen or challenge Vishay Intertechnology’s outlook?

The long-term thesis, the evidence coming in, and the environment around it. Thesis dated Jul 8, 2026.

Higher potential upsideImproving expectations

Next-FY EPS estimate change · 30 days

+0.8%

+10% or more+5%0%−5%−10% or less

1.78 → 1.80 EPS · FY ending Dec 31, 2027 · 6 analysts

Higher risk of downsideWeakening expectations

One observable signal. This measures changing earnings expectations, not the probability of a gain or loss.

How this is measured

Change in the same fiscal period’s mean EPS estimate from Sep 24, 2026 to Oct 24, 2026: (new ÷ prior − 1). Contributor count changed from 6 to 6; this is not the number of analysts revising. Source: FMP consensus snapshots. The ±10% axis is a display range.

Measure / period	Management expectations	Analyst expectations
Quarter ending 2027-01-04
Revenue	—	986.53M
EPS	—	0.319
Annual ending 2026-12-31
Revenue	—	3.71B
EPS	—	0.853
Annual ending 2027-12-31
Revenue	—	4.31B
EPS	—	1.798

Management figures unavailable.

What the Thesis Depends On

4 published thesis conditions, with dated milestones shown separately.

Key Factor	Why It Matters	Current Status	Break Condition	Latest Evidence
Use $750M stock offering proceeds to grow and reduce debt	The company plans to use $750M from stock offering to grow and reduce debt.	Improving	Proceeds fail to accelerate growth or reduce debt by end 2026	Direct metric needs a verified mapping The published measure or accounting basis is not supported by an exact source binding. Source date unavailableLast status assessment Oct 24, 2026Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement. Management context Newly stated in 2026-Q3 period via 8-K. The company announced a $750 million common stock offering intended to accelerate growth initiatives and reduce debt. No financial results yet reflect deployment of these proceeds, so delivery is pending. Delivery assessment Oct 24, 2026
Gross margin near 21% in Q2 2026	Vishay is improving profit margins, targeting about 21% gross margin next quarter.	Intact	gross margin falls below 19.0% in 2026-Q2	Gross margin: 23.34% FY2026-Q2; GAAP. Published target: >=21.0% gross margin. The target does not explicitly identify fiscal versus calendar quarters. Source published Aug 5, 202623.338716 percent · calculatedSource reportLast status assessment Oct 24, 2026 Measurement source consolidated · GAAP FY2026-Q2 · Period ending Jul 4, 2026 Source: company_financial_results. Reference: f25c9629-db1e-46f0-904b-b758008c3e5f. Source status: eligible. Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement. Management context Stated as a priority in 4 of last 4 quarters. Gross margin improved from 19.6% in 2025-Q4 to approximately 23.3% in 2026-Q2, with guidance for further improvement to about 24.0% in 2026-Q3. The trajectory shows progress in margin enhancement consistent with management's stated focus. Delivery assessment Oct 24, 2026
Operating income at least $22.1M in Q1 2026	Operating income rose from $14.8M to $22.1M recently.	Improving	operating income falls below $15M in 2026-Q2	Operating income: $53.526M FY2026-Q2; GAAP. Published target: >=22.1 million USD. The stored target says 2026-Q1; this source reports FY2026-Q2. Fiscal/calendar alignment needs review. Source published Aug 5, 202653,526,000 USD · source valueSource reportLast status assessment Oct 24, 2026 Measurement source consolidated · GAAP FY2026-Q2 · Period ending Jul 4, 2026 Source: company_financial_results. Reference: f25c9629-db1e-46f0-904b-b758008c3e5f. Source status: eligible. Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement. Management context Stated as a priority in 4 of last 4 quarters. Operating income rose from $14.8 million in 2025-Q4 to $53.5 million in 2026-Q2, demonstrating improving profitability consistent with management's stated goal to enhance operating income and return on capital. Delivery assessment Oct 24, 2026
Revenue growth about 17% next 12 months	Vishay is improving profit margins, targeting about 21% gross margin next quarter.	Improving	revenue growth falls below 10% next year	Direct metric needs a verified mapping The published measure or accounting basis is not supported by an exact source binding. Source date unavailableLast status assessment Oct 24, 2026Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement.

Stored thesis · Jul 8, 2026. Latest Evidence uses source-matched measurements where available, alongside the last thesis-monitor assessment. Source periods and assessment dates are shown separately. A new measurement does not automatically change the published status or verify an older target.

Incoming Evidence

Compare these dated observations with the operating requirements above

Expectations trend

Same fiscal period

FY2027 · fiscal year ending 2027-12-31 · fmp

FY2027 EPS$1.80

Unavailable → $1.80 · observed estimates

FY2027 revenue$4.31B

Unavailable → $4.31B · observed estimates

Exact estimates & source dates

One fiscal period and provider throughout. At least five contributors are required for each plotted metric; missing coverage stays a gap. Axes show the observed range. Counts measure coverage, not revisions.

FY2027 estimate observations · fmp
Snapshot	EPS	Revenue	EPS / revenue analysts
2026-07-24	Unavailable	Unavailable	2 / 2
2026-07-25	Unavailable	Unavailable	3 / 2
2026-07-26	Unavailable	Unavailable	3 / 2
2026-07-27	Unavailable	Unavailable	3 / 2
2026-07-28	Unavailable	Unavailable	3 / 2
2026-07-29	Unavailable	Unavailable	2 / 2
2026-07-30	Unavailable	Unavailable	3 / 2
2026-07-31	Unavailable	Unavailable	3 / 2
2026-08-01	Unavailable	Unavailable	2 / 2
2026-08-02	Unavailable	Unavailable	3 / 2
2026-08-03	Unavailable	Unavailable	2 / 2
2026-08-04	Unavailable	Unavailable	2 / 2
2026-08-05	Unavailable	Unavailable	2 / 2
2026-08-06	$1.63	Unavailable	5 / 4
2026-08-08	Unavailable	Unavailable	4 / 3
2026-08-09	Unavailable	Unavailable	4 / 3
2026-08-10	Unavailable	Unavailable	4 / 3
2026-08-12	Unavailable	Unavailable	4 / 3
2026-08-13	Unavailable	Unavailable	4 / 3
2026-08-14	Unavailable	Unavailable	4 / 3
2026-08-15	Unavailable	Unavailable	4 / 3
2026-08-16	Unavailable	Unavailable	4 / 3
2026-08-17	Unavailable	Unavailable	4 / 3
2026-08-18	Unavailable	Unavailable	4 / 3
2026-08-19	Unavailable	Unavailable	4 / 3
2026-08-20	Unavailable	Unavailable	4 / 3
2026-08-21	Unavailable	Unavailable	4 / 3
2026-08-22	Unavailable	Unavailable	4 / 3
2026-08-23	Unavailable	Unavailable	4 / 3
2026-08-24	Unavailable	Unavailable	4 / 3
2026-08-25	Unavailable	Unavailable	4 / 3
2026-08-26	Unavailable	Unavailable	4 / 3
2026-08-27	Unavailable	Unavailable	4 / 3
2026-08-28	Unavailable	Unavailable	4 / 3
2026-08-29	Unavailable	Unavailable	4 / 3
2026-08-30	Unavailable	Unavailable	4 / 3
2026-08-31	Unavailable	Unavailable	4 / 3
2026-09-01	Unavailable	Unavailable	4 / 3
2026-09-02	Unavailable	Unavailable	4 / 3
2026-09-03	Unavailable	Unavailable	4 / 3
2026-09-04	Unavailable	Unavailable	4 / 3
2026-09-05	Unavailable	Unavailable	4 / 4
2026-09-06	$1.79	Unavailable	5 / 4
2026-09-07	$1.79	Unavailable	5 / 4
2026-09-08	$1.79	Unavailable	5 / 4
2026-09-09	$1.79	Unavailable	5 / 4
2026-09-10	$1.79	Unavailable	5 / 4
2026-09-11	$1.79	Unavailable	5 / 4
2026-09-12	$1.79	Unavailable	5 / 4
2026-09-13	$1.79	Unavailable	5 / 4
2026-09-14	$1.79	Unavailable	5 / 4
2026-09-15	$1.79	Unavailable	5 / 4
2026-09-16	$1.78	Unavailable	5 / 4
2026-09-17	$1.78	Unavailable	5 / 4
2026-09-18	$1.78	Unavailable	5 / 4
2026-09-19	$1.78	$4,290,460,328	6 / 5
2026-09-20	$1.78	$4,290,460,328	6 / 5
2026-09-21	$1.78	$4,290,460,328	6 / 5
2026-09-22	$1.78	$4,290,460,328	6 / 5
2026-09-23	$1.78	$4,290,460,328	6 / 5
2026-09-24	$1.78	$4,290,460,328	6 / 5
2026-09-25	$1.78	$4,290,460,328	6 / 5
2026-09-26	$1.78	$4,290,460,328	6 / 5
2026-09-27	$1.78	$4,290,460,328	6 / 5
2026-09-28	$1.78	$4,290,460,328	6 / 5
2026-09-29	$1.78	$4,290,460,328	6 / 5
2026-09-30	$1.78	$4,290,460,328	6 / 5
2026-10-01	$1.78	$4,290,460,328	6 / 5
2026-10-02	$1.78	$4,290,460,328	6 / 5
2026-10-03	$1.78	$4,290,460,328	6 / 5
2026-10-04	$1.78	$4,290,460,328	6 / 5
2026-10-05	$1.78	$4,290,460,328	6 / 5
2026-10-06	$1.78	$4,290,460,328	6 / 5
2026-10-07	$1.78	$4,290,460,328	6 / 5
2026-10-08	$1.78	$4,290,460,328	6 / 5
2026-10-09	$1.78	$4,290,460,328	6 / 5
2026-10-10	$1.78	$4,290,460,328	6 / 5
2026-10-11	$1.78	$4,290,460,328	6 / 5
2026-10-12	$1.78	$4,290,460,328	6 / 5
2026-10-13	$1.78	$4,290,460,328	6 / 5
2026-10-14	$1.78	$4,290,460,328	6 / 5
2026-10-15	$1.78	$4,290,460,328	6 / 5
2026-10-16	$1.78	$4,290,460,328	6 / 5
2026-10-17	$1.78	$4,290,460,328	6 / 5
2026-10-18	$1.78	$4,290,460,328	6 / 5
2026-10-19	$1.78	$4,290,460,328	6 / 5
2026-10-20	$1.80	$4,307,460,328	6 / 5
2026-10-21	$1.80	$4,307,460,328	6 / 5
2026-10-22	$1.80	$4,307,460,328	6 / 5
2026-10-23	$1.80	$4,307,460,328	6 / 5
2026-10-24	$1.80	$4,307,460,328	6 / 5

Revenue and EPS estimates track expectations. They are not delivered results or like-for-like proof of a required annual path.

Compare required revenue and earnings

Analyst view

Monthly observations

Buy / Strong BuyHoldSell / Strong Sell

Exact monthly counts

Monthly rating snapshots · fmp. Missing snapshots are not zero.
Date	Buy*	Hold	Sell*
2026-05-01	1	1	1
2026-06-01	1	1	1
2026-07-01	1	1	1
2026-08-01	3	1	1
2026-09-01	5	1	1
2026-10-01	5	1	1

*Buy includes Strong Buy; Sell includes Strong Sell. Monthly counts describe the analyst mix, not the firms behind each recent action.

Latest: 5 Buy / Strong Buy · 1 Hold · 1 Sell / Strong Sell

0 upgrades0 downgrades1 maintains

Recent actions · Sep 25–Oct 24 · 1 recorded

Price-target changes

30 days

○ Previous · ● Latest · common dollar scale

OppenheimerOct 8 · prior Sep 15

$42.00 → $45.00+7.1%

$0$24.75$49.50

1 raises · 0 cuts · 0 unchanged · 0 without a comparable prior

How this is measured

Sep 25, 2026–Oct 24, 2026. Each firm's latest positive target is paired only with its immediately prior positive target from the same provider, at most 180 days earlier. Unmatched observations have one dot; conflicting observations are not compared.

Outlook in Brief

The evidence, the remaining questions, and what comes next

What's improving

No recovery evidence is reported in the available driver assessments.

Still unresolved / key risks

Use $750M stock offering proceeds to grow and reduce debtDirect metric needs a verified mapping
Gross margin near 21% in Q2 2026Gross margin: 23.34%
Operating income at least $22.1M in Q1 2026Operating income: $53.526M
Revenue growth about 17% next 12 monthsDirect metric needs a verified mapping

Next proof point

Nov 4, 2026

Look for updated results and guidance against the published targets, plus direct evidence for unresolved drivers.

Review earnings

Bottom line

4 of 4 published conditions remain under pressure or need verification. The next results need to address those conditions.

The dated weekly assessment and its assumptions are available in Read detailed Outlook.

Historical risk context

Observed price history; separate from operating scenarios

Price sensitivity

2.9%Typical daily move · historical

Downside history

-58.9%Maximum drawdown · trailing year

Read detailed Outlook Company context, assumptions & risks

Vishay Intertechnology outlook in detail

The weekly editorial context below is a separate assessment from the dated monitor evidence above. Recovery observations do not automatically change the published thesis. Unverified outside influences are hypotheses, not measured driver evidence.

Updated Oct 24, 2026

What kind of bet this is

VSH is an improving semiconductor business with a multi-year view that depends on sustained growth and better profitability. Its thesis is intact, and recent financial performance is strong, though earnings quality and management evidence are neutral and overall risk is high.

What's priced into Vishay Intertechnology

The evidence is mixed: one valuation measure calls VSH cheap versus peers, while another shows a 35% peer premium, and the overall value assessment is expensive. The priced-in tag is justified, but the expectations gap is negative and model confidence is low, so the valuation picture is uncertain rather than clearly supportive.

What the fundamentals likely do

Near term, revenue has risen from $790.6 million in 2025-Q3 to $888.6 million in 2026-Q2, while gross margin and operating income have also improved. Management is on track with its stated growth and profitability priorities, with further margin improvement guided for 2026-Q3; however, recent earnings surprises have been erratic, and a guidance cut would be a meaningful risk.

What Vishay Intertechnology hinges on

The multi-year thesis hinges on continued revenue growth and margin gains translating into stronger profitability. Near term, guidance on the next call is a key swing factor, while lower rates or continued strong results from major technology companies could support the sector backdrop.