Vishay Precision Group, Inc.

(New York Stock Exchange)
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Bullish +65

Vishay Intertechnology (VSH) Reports Q1 2026 Revenue of $839.2M, Turns Profitable

AI-generated analysis

πŸ“ˆ Q1 2026 revenue reached $839.2 million with a gross margin of 21.0%.

πŸ’° GAAP EPS of $0.05 generated net earnings of $7.16 million, reversing the prior-year loss of $4.09 million.

πŸ“Š Book-to-bill ratio hit 1.34 overall, with semiconductors leading at 1.47 and passive components at 1.23.

πŸ“¦ Company maintains a healthy 5.7 months of backlog at quarter-end.

πŸš€ Q2 2026 revenue guidance set between $875 million and $905 million.

🎯 Gross profit margin targeted to increase sequentially to approximately 22.0% in the coming quarter.

🏭 Vishay operates across six specialized product segments serving automotive, industrial, computing, military, aerospace, and healthcare markets.

πŸ’Ό Strategy 'Vishay 3.0' capacity investments are being validated by current execution.

Bullish Signals
  • Revenue of $839.2M in Q1 2026 represents a strong performance, reversing the previous year's loss.
  • Net earnings turned positive at $7.16 million, indicating a successful operational turnaround.
  • Book-to-bill ratio of 1.34 signals strong order intake relative to sales, particularly in semiconductors.
  • Management guidance for Q2 revenue between $875M-$905M suggests continued growth momentum.
  • Targeting a gross profit margin increase to ~22.0% indicates improving profitability and pricing power.
Full Analysis
Vishay Intertechnology (NYSE: VSH) reported first-quarter 2026 results showing a significant turnaround, with revenue reaching $839.2 million and a gross margin of 21.0%. The company achieved a GAAP earnings per share of $0.05, resulting in net earnings of $7.16 million, which marks a reversal from the net loss of $4.09 million recorded in the same period last year. The quarter demonstrated strong commercial momentum with a total book-to-bill ratio of 1.34, driven by robust performance in semiconductors (ratio of 1.47) and passive components (ratio of 1.23). This execution has left Vishay with a healthy backlog of 5.7 months at quarter-end, validating the capacity investments made under its 'Vishay 3.0' growth strategy. Looking ahead to Q2 2026, management projects continued revenue growth between $875 million and $905 million. The company also targets a sequential increase in gross profit margin to approximately 22.0%, with a range of +/- 50 basis points, as it aims to capitalize on the current market upcycle. Vishay manufactures and sells a global portfolio of discrete semiconductors and passive electronic components across six specialized product segments. Its diverse global markets include automotive, industrial, computing, military, aerospace, and healthcare sectors.