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Vishay Intertechnology Inc

Vishay Intertechnology Inc

VSH
$37.81USD↑+3.76%+1.37 today

MARKET CAP

5.8B

P/E (TTM)

343.7x

FWD P/E

32.3x

DAY RANGE

$33 – $39

52W RANGE

$12
$69

AI Summary

Stalk
TrimMedium

VSH remains in a Stage 4 decline with a bearish medium-term bias. Despite a Bearish Exhaustion pattern that produced a short-term bounce, price is still trading below the declining 9 EMA, 21 EMA, and 50 SMA. Short-term timing is neutral as price is extended below EMAs and lacks a clear rejection at dynamic resistance. Execution should be deferred, trimming into rallies up to the 9/21 EMA and 50 SMA resistance zone.

  • ↑Q1 revenue $839M (+17.3% YoY) exceeded guidance.
  • ↑Backlog rose 21% to $1.6B; book-to-bill at 1.34.
  • ↓2026 free cash flow forecast negative due to high CapEx.
Full analysis →

The case for & against

Bull & Bear analysis

Bearish

Vishay Intertechnology, Inc. (NYSE: VSH) is a major player in the semiconductor and passive components sector, providing a diverse range of electronic components for various industries, including automotive, industrial, aerospace defense, and consumer electronics. The company is positioned strategically to capitalize on the ongoing trends in AI technologies, electrification, and smart grid infrastructure, as demonstrated by its proactive initiatives under the Vishay 3.0 strategy.

Bull says

  • ↑Q1 revenue $839M (+17.3% YoY) exceeded guidance.
  • ↑Backlog rose 21% to $1.6B; book-to-bill at 1.34.
  • ↑CapEx $400–440M planned for 12″ fab expansion in Germany.
  • ↑Q2 gross margin guided ~22% amid pricing to offset costs.
  • ↑Tier-1 automotive and AI orders grow with longer visibility.
  • ↑Strong liquidity and balance-sheet quality support flexibility.

Bear says

  • ↓2026 free cash flow forecast negative due to high CapEx.
  • ↓GF score 59/100 indicates potential valuation downside.
  • ↓Profitability under pressure: rising input costs weigh on margins.
  • ↓Execution risk from ambitious capacity builds could disrupt production.
  • ↓Intense competition in AI and automotive may erode market share.
  • ↓Weak growth factor suggests limited expansion opportunities ahead.

Investment themes with VSH

High Dividend Yield↑ +0.32%

Companies paying above-average dividends

AVGO · JPM · XOM

Earnings Call · Q1 2026 · Mgmt. Guidance

Updated 05-13-2026bullish

Transcript signals

Bull points

  • First quarter revenue was $839 million, exceeding our guidance range and increasing 5% sequentially, driven by strong volume growth of 6% with only a 1% decline in average selling prices.
  • Compared to the first quarter of 2025, revenue increased 17%, driven primarily by a 14% increase in volume.
  • Gross profit was $177 million, delivering a gross margin of 21.0%, and exceeding both our guidance and the prior quarter, helping to offset ongoing metals and material cost pressures.

Bear points

  • Free cash flow for the quarter was negative 47 million, reflecting the high capex, compared to 55 million in the fourth quarter.
  • For 2026, we once again expect negative free cash flow due to our capacity expansion plans.
Read full transcript analysis ›