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Dec 31, 2025
Vishay Q4 2025 Earnings Report
Vishay Intertechnology reported its fourth quarter and full year 2025 financial results, showing increased revenues and improved operating performance compared to the previous quarter.
Key Takeaways
Vishay Intertechnology reported a strong fourth quarter for 2025, with revenues reaching $800.9 million, a 1.3% increase from the third quarter, driven by growing demand in industrial and AI-related power applications. The company achieved a gross margin of 19.6% and a book-to-bill ratio of 1.20, indicating robust order growth. GAAP EPS for the quarter was $0.01.
Fourth quarter 2025 revenues were $800.9 million, showing a 1.3% increase from the previous quarter.
Gross margin for Q4 2025 was 19.6%, despite a negative impact of approximately 130 basis points related to Newport.
The company achieved a strong book-to-bill ratio of 1.20, with semiconductors at 1.27 and passive components at 1.13.
Backlog at quarter end stood at 4.9 months, reflecting strong future demand.
Forward Guidance
For the first quarter of 2026, Vishay Intertechnology expects revenues to be between $800 million and $830 million, with a gross profit margin in the range of 19.9% +/- 50 basis points, including a negative impact from Newport.
Positive Outlook
- Anticipated revenue growth for Q1 2026, with a midpoint of $815 million.
- Expected gross profit margin of approximately 19.9% for Q1 2026, indicating continued profitability.
- Management's focus on maintaining competitive lead times and winning customer trust.
- Strategic push to outperform the market and enhance return on capital.
- Strong order growth in Q4 2025, reaching a three-year high, provides momentum for 2026.
Challenges Ahead
- Gross profit margin for Q1 2026 is expected to be negatively impacted by approximately 50 to 75 basis points due to Newport.
- The outlook does not specify potential challenges in demand or supply chain.
- No explicit mention of specific market headwinds or competitive pressures.
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