Vishay Intertechnology (NYSE: VSH) Q2 2026 revenue reaches $888.6M

Rhea-AI Filing Summary

Vishay Intertechnology, Inc. reported fiscal second quarter 2026 GAAP net revenues of $888.6 million and adjusted net revenues of $918.6 million, with gross margin of 23.3% (adjusted 22.6%), operating margin of 6.0%, and diluted EPS of $0.19. Management noted 9.5% sequential growth in adjusted revenue, exceeding the top end of its revenue guidance, and highlighted a book-to-bill ratio of 1.32 and backlog of 6.1 months.

For the six fiscal months ended July 4, 2026, net revenues were $1,727,817 (in thousands) and net earnings $35,288 (in thousands), compared with net revenues of $1,477,486 and a net loss of $2,088 (in thousands) in the six months ended June 28, 2025. Cash and cash equivalents were $1,297,309 (in thousands) at July 4, 2026, supported by $830,250 (in thousands) of net proceeds from a follow-on public offering. For third quarter 2026, management expects revenues between $945 million and $975 million and a gross profit margin of 24.0% plus or minus 50 basis points. The company also provided detailed guidance on diluted EPS share calculations, including the impact of its $750 million Convertible Senior Notes due 2030 under the If Converted Method.

Positive

• 2Q 2026 adjusted revenues reached $918.6 million, with 9.5% sequential growth and results exceeding the top end of prior revenue guidance.
• Cash and cash equivalents were $1,297,309 (in thousands) at July 4, 2026, supported by $830,250 (in thousands) of net follow-on offering proceeds.
• For the six months ended July 4, 2026, net earnings were $35,288 (in thousands) versus a net loss of $2,088 (in thousands) in the prior-year six-month period.

Negative

• None.

8-K Event Classification

3 items: 2.02, 7.01, 9.01

3 items

Item 2.02 Results of Operations and Financial Condition Financial

Disclosure of earnings results, typically an earnings press release or preliminary financials.

Item 7.01 Regulation FD Disclosure Disclosure

Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Key Figures

2Q 2026 GAAP net revenues: $888,575 2Q 2026 adjusted net revenues: $918,583 2Q 2026 diluted EPS: $0.19 +5 more

8 metrics

2Q 2026 GAAP net revenues $888,575 Fiscal quarter ended July 4, 2026 (in thousands)

2Q 2026 adjusted net revenues $918,583 Non-GAAP adjusted net revenues for fiscal quarter ended July 4, 2026 (in thousands)

2Q 2026 diluted EPS $0.19 Diluted earnings per share for fiscal quarter ended July 4, 2026

2Q 2026 adjusted EBITDA 104,761 Adjusted EBITDA for fiscal quarter ended July 4, 2026 (in thousands)

2Q 2026 adjusted EBITDA margin 11.4 % Adjusted EBITDA as a percentage of adjusted net revenues in Q2 2026

Book-to-bill ratio 1.32 Company-wide book-to-bill for fiscal second quarter 2026

Cash and cash equivalents $1,297,309 Cash and cash equivalents as of July 4, 2026 (in thousands)

Q3 2026 revenue guidance range $945 million to $975 million Management revenue outlook for the third quarter of 2026

Key Terms

Treasury Stock Method, If Converted Method, diluted earnings per share, Adjusted EBITDA, +2 more

6 terms

Treasury Stock Method financial

"based on the "Treasury Stock Method" prescribed in FASB ASC Topic 260"

A bookkeeping technique used to estimate how many additional shares would exist if all outstanding stock options, warrants and convertible securities were exercised, assuming the company uses the cash received to buy back shares at the current market price. Investors use it to calculate diluted earnings per share and to gauge potential ownership and profit dilution—like figuring out how a pie would be divided if more people claimed slices and some money was used to buy slices back.

If Converted Method financial

"included in the diluted EPS computation using the "If Converted Method""

diluted earnings per share financial

"regarding its diluted earnings per share ("EPS") computation"

Diluted earnings per share is a measure of a company's profit allocated to each share of stock, taking into account all possible shares that could be created through stock options, convertible bonds, or other securities. It shows the lowest possible earnings per share if all these potential shares were issued, helping investors understand the worst-case scenario for their ownership. This figure matters because it provides a more conservative view of a company's profitability per share.

Adjusted EBITDA financial

"Reconciliation of EBITDA and Adjusted EBITDA"

Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.

book-to-bill financial

"2Q 2026 book-to-bill of 1.32 with book-to-bill of 1.23"

The book-to-bill ratio compares new orders a company has received (bookings) to the products or services it has invoiced or shipped (billings) over the same period. It matters to investors because a ratio above 1 means demand is outpacing fulfillment and the company may grow revenue or build backlog, while a ratio below 1 suggests slowing demand and possible future revenue weakness — think of it as new customer orders versus what the company actually sold.

free cash financial

"Reconciliation of Free Cash"

Earnings Snapshot

GAAP net revenues: $888.6 million · Guidance included

fiscal quarter ended July 4, 2026

GAAP net revenues $888.6 million

Adjusted net revenues $918.6 million 9.5% sequential growth to adjusted revenue per management commentary

Net earnings $28,124 (in thousands)

Diluted EPS $0.19

Adjusted EBITDA 104,761 (in thousands)

Adjusted EBITDA margin 11.4 %

Guidance

For the third quarter of 2026, management expects revenues between $945 million and $975 million and a gross profit margin of 24.0% plus or minus 50 basis points.

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FAQ

What were Vishay Intertechnology (VSH) Q2 2026 revenues and earnings?

Vishay reported Q2 2026 GAAP net revenues of $888.6 million and adjusted net revenues of $918.6 million, with gross margin of 23.3%, operating margin of 6.0%, and diluted EPS of $0.19 for the fiscal quarter ended July 4, 2026.

What guidance did Vishay Intertechnology (VSH) give for Q3 2026?

For the third quarter of 2026, management expects revenues between $945 million and $975 million and a gross profit margin of 24.0% plus or minus 50 basis points, indicating expectations for continued demand and slightly higher profitability than in Q2 2026.

How did Vishay Intertechnology (VSH) profitability change year to date in 2026?

For the six months ended July 4, 2026, Vishay recorded net earnings of $35,288 (in thousands) and diluted EPS of $0.25, compared with a net loss of $2,088 (in thousands) and diluted EPS of $(0.02) in the six months ended June 28, 2025.

What is Vishay Intertechnology (VSH) current cash position and recent financing activity?

As of July 4, 2026, cash and cash equivalents were $1,297,309 (in thousands). During the six months ended July 4, 2026, Vishay completed a follow-on public offering with net proceeds of $830,250 (in thousands), significantly strengthening its liquidity profile.

How strong is demand according to Vishay Intertechnology (VSH) Q2 2026 metrics?

Vishay reported a Q2 2026 book-to-bill ratio of 1.32, with 1.23 for semiconductors and 1.40 for passive components, and backlog of 6.1 months, indicating orders exceeded shipments and suggesting solid demand across product lines.

What were Vishay Intertechnology (VSH) Q2 2026 EBITDA and margins?

For Q2 2026, EBITDA was $104,761 (in thousands), and adjusted EBITDA margin was 11.4% based on adjusted net revenues. This compares with adjusted EBITDA margin of 9.3% in the first quarter of 2026 and 8.3% in the quarter ended June 28, 2025.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934

Date of Report (date of earliest event reported) August 5, 2026

Vishay Intertechnology, Inc.

(Exact name of registrant as specified in its charter)

Delaware	1-7416	38-1686453
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(I.R.S. Employer Identification Number)

63 Lancaster Avenue Malvern, PA	19355-2143
(Address of Principal Executive Offices)	Zip Code
Registrant's telephone number, including area code    610-644-1300

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading symbol	Name of exchange on which registered
Common stock, par value $0.10 per share	VSH	New York Stock Exchange

1

Item 2.02 – Results of Operations and Financial Condition

On August 5, 2026, Vishay Intertechnology, Inc. ("the Company") issued a press release announcing its financial results for the fiscal quarter and six fiscal months ended July 4, 2026.  A copy of the press release is attached as Exhibit 99.1 to this report.

Item 7.01 – Regulation FD Disclosure

Computational Guidance on Earnings Per Share Estimates

The Company frequently receives questions from analysts and stockholders regarding its diluted earnings per share ("EPS") computation.  The information furnished in this Form 8-K provides additional information on the impact of key variables on the EPS computation, particularly as they relate to the third fiscal quarter of 2026.

Accounting principles require that EPS be computed based on the weighted average shares outstanding ("basic"), and also assuming the issuance of potentially issuable shares (such as those subject to equity awards and convertible debt) if those potentially issuable shares would reduce EPS ("diluted").

The number of shares related to equity awards included in diluted EPS is based on the "Treasury Stock Method" prescribed in Financial Accounting Standards Board ("FASB") ASC Topic 260, Earnings Per Share ("FASB ASC Topic 260").  This method assumes a theoretical repurchase of shares using the unrecognized compensation expense and any other proceeds at a price equal to the issuer's average stock price during the related earnings period.   Accordingly, the number of shares includable in the calculation of diluted EPS in respect of equity awards is dependent on this average stock price and will increase as the average stock price increases.  This method is also utilized for net share settlement debt.

The number of shares includable in the calculation of diluted EPS in respect of conventional convertible or exchangeable securities is based on the "If Converted Method" prescribed in FASB ASC Topic 260.  This method assumes the conversion or exchange of these securities for shares of common stock. 

Pursuant to the indenture governing the senior convertible notes due 2030 (the "2030 Notes"), Vishay is required to pay the principal amount of the senior convertible debt instruments in cash. Vishay, at its option, will settle any additional value in cash, common stock, or a combination of both.

The 2030 Notes will be included in the diluted EPS computation using the "If Converted Method," but with no adjustment for interest expense. 

The following estimates of shares expected to be used in the calculation of diluted EPS consider the number of the Company's shares currently outstanding and the Company's convertible securities currently outstanding and their exercise and conversion features currently in effect.  The Company adjusts its calculation for the estimated effect of expected quarterly activity.  The estimates assume no share or convertible debt instrument repurchases during the third fiscal quarter of 2026.  Changes in these parameters or estimates could have a material impact on the calculation of diluted EPS.

2

The following estimates of shares expected to be used in the calculation of diluted EPS should be read in conjunction with the information on earnings per share in the Company's filings on Form 10-Q and Form 10-K.  These estimates are unaudited and are not necessarily indicative of the shares used in the diluted EPS computation for any prior period.  The estimates below are not necessarily indicative of the shares to be used in the quarterly diluted EPS computation for any period subsequent to the third fiscal quarter of 2026.  The Company assumes no duty to revise these estimates as a result of changes in the parameters on which they are based or any changes in accounting principles.  Also, the presentation is not intended as a forecast of EPS values or share prices of the Company's common stock for any period.

For the third fiscal quarter of 2026:

•	The Company has approximately 153 million shares issued and outstanding, including shares of common stock and class B common stock.
•	The number of shares included in diluted EPS related to restricted stock units does not vary significantly and is generally less than 5 million incremental shares.
•	The Company's Convertible Senior Notes due 2030 are convertible at a conversion price of $30.16 per $1,000 principal amount, equivalent to 33.1609 shares per $1,000 principal amount.  There is $750 million principal amount of the notes outstanding. The number of shares of common stock that Vishay will include in its diluted earnings per share computation, assuming an average market price for Vishay common stock in excess of the conversion price, will be determined in accordance with the following formula:
	S = [$750,000,000 / $1000] * [(P - $30.16) * 33.1609] / P
	where
	S = the number of shares to be included in diluted EPS, and
	P = the average market price of Vishay common stock for the quarter.
	If the average market price is less than $30.16, no shares will be included in the diluted earnings per share computation.

Accordingly, the following table summarizes the approximate number of shares to be included in the denominator of the diluted EPS calculation assuming net earnings attributable to Vishay stockholders for various average stock prices (number of shares in millions):

Average Stock Price					Projected Diluted Shares
$			<30.16					157
$			35.00					161
$			40.00					164
$			45.00					166
$			50.00					168
$			55.00					169
$			60.00					170
$			65.00					171

Item 9.01 – Financial Statements and Exhibits

(d) Exhibits

Exhibit No.			Description
	99.1		Press release dated August 5, 2026.
	104		Cover Page Interactive Data File (embedded within the Inline XBRL document).

3

Signature

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: August 5, 2026

	VISHAY INTERTECHNOLOGY, INC.
	By:		/s/ David L. Tomlinson
	Name:		David L. Tomlinson
	Title:		Senior Vice President – Chief Accounting Officer

0000103730 false 0000103730 2026-08-05 2026-08-05

Exhibit 99.1

Vishay Intertechnology Reports Second Quarter 2026 Results

Malvern, PA, August 5, 2026 – Vishay Intertechnology, Inc., (NYSE: VSH), one of the world's largest manufacturers of discrete semiconductors and passive electronic components, today announced results for the fiscal second quarter ended July 4, 2026.

Highlights

• 2Q 2026 GAAP revenues of $888.6 million; adjusted revenues of $918.6 million
• GAAP revenues reduced by $30.0 million of tariff refunds passed through to customers, with no impact on gross profit
• Gross margin was 23.3%; adjusted gross margin was 22.6%
• Operating margin was 6.0%; adjusted operating margin was 5.8%
• 2Q 2026 diluted EPS of $0.19
• 2Q 2026 book-to-bill of 1.32 with book-to-bill of 1.23 for semiconductors and 1.40 for passive components
• Backlog at quarter end was 6.1 months

“For the second quarter, Vishay delivered 9.5% sequential growth to adjusted revenue of $919 million, exceeding the top end of our revenue guidance and representing continued strengthening demand across all end markets, channels and regions,” said Joel Smejkel, president and CEO. “Executing as a new company, Vishay 3.0 is focused on supplying our increasing customer count and taking full advantage of the upcycle, outpacing industry growth, while laying the foundation to leverage multi-year demand across all end markets for sustained growth, expanded margins and enhanced stockholder returns.”

3Q 2026 Outlook

For the third quarter of 2026, management expects revenues in the range of $945 million and $975 million and a gross profit margin in the range of 24.0% +/- 50 basis points.

Conference Call

A conference call to discuss Vishay’s second quarter financial results is scheduled for Wednesday, August 5, 2026, at 9:00 a.m. ET. To participate in the live conference call, please pre-register here. Upon registering, you will be emailed a dial-in number, and unique PIN.  

A live audio webcast of the conference call and a PDF copy of the press release and the quarterly presentation will be accessible directly from the Investor Relations section of the Vishay website at http://ir.vishay.com. 

There will be a replay of the conference call available on the Investor Relations website approximately one hour following the call and will remain available for 30 days.  

1

About Vishay

Vishay manufactures one of the world’s largest portfolios of discrete semiconductors and passive electronic components that are essential to innovative designs in the automotive, industrial, computing, consumer, telecommunications, military, aerospace, and healthcare markets. Serving customers worldwide, Vishay is The DNA of tech®. Vishay Intertechnology, Inc. is a Fortune 1,000 Company listed on the NYSE (VSH). More on Vishay at www.Vishay.com.

This press release includes certain financial measures which are not recognized in accordance with U.S. generally accepted accounting principles ("GAAP"), including adjusted net earnings; adjusted earnings per share; adjusted net revenues; adjusted gross margin; adjusted operating margin; free cash; earnings before interest, taxes, depreciation and amortization ("EBITDA"); adjusted EBITDA; and adjusted EBITDA margin; which are considered "non-GAAP financial measures" under the U.S. Securities and Exchange Commission rules. These non-GAAP measures supplement our GAAP measures of performance or liquidity and should not be viewed as an alternative to GAAP measures of performance or liquidity. Non-GAAP measures such as adjusted net earnings, adjusted earnings per share, adjusted net revenues, adjusted gross margin, adjusted operating margin, free cash, EBITDA, adjusted EBITDA, and adjusted EBITDA margin do not have uniform definitions. These measures, as calculated by Vishay, may not be comparable to similarly titled measures used by other companies. Management believes that such measures are meaningful to investors because they provide insight with respect to intrinsic operating results and financial trends of the Company. Although the terms "free cash" and "EBITDA" are not defined in GAAP, the measures are derived using various line items measured in accordance with GAAP.  Reconciling items to arrive at adjusted net earnings represent significant charges or credits that are important to understanding the Company's intrinsic operations.  Reconciling items to calculate adjusted net revenues, adjusted gross margin, adjusted operating margin, and adjusted EBITDA represent those same items used in computing adjusted net earnings, as relevant.  Furthermore, the presented calculation of adjusted EBITDA is substantially similar to, but not identical to, a measure used in the calculation of financial ratios required for covenant compliance under Vishay's revolving credit facility.  These reconciling items are indicated on the accompanying reconciliation schedules and are more fully described in the Company’s financial statements presented in its annual report on Form 10-K and its quarterly reports presented on Forms 10-Q.

Statements contained herein that relate to the Company's future performance, including forecasted revenues and margins, capacity expansion, multi-year customer demand, stockholder returns, and the performance of the economy in general, are forward-looking statements within the safe harbor provisions of Private Securities Litigation Reform Act of 1995. Words and expressions such as “will,” “expect,” “going forward” or other similar words or expressions often identify forward-looking statements. Such statements are based on current expectations only, and are subject to certain risks, uncertainties and assumptions, many of which are beyond our control. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results, performance, or achievements may vary materially from those anticipated, estimated or projected. Among the factors that could cause actual results to materially differ include: general business and economic conditions; manufacturing or supply chain interruptions or changes in customer demand; delays or difficulties in implementing our cost reduction strategies; delays or difficulties in expanding our manufacturing capacities; an inability to attract and retain highly qualified personnel; changes in foreign currency exchange rates; uncertainty related to the effects of changes in foreign currency exchange rates; competition and technological changes in our industries; difficulties in new product development; difficulties in identifying suitable acquisition candidates, consummating a transaction on terms which we consider acceptable, and integration and performance of acquired businesses; changes in U.S. and foreign trade regulations and tariffs, and uncertainty regarding the same; volatility in prices for metals and materials; changes in applicable domestic and foreign tax regulations, and uncertainty regarding the same; changes in applicable accounting standards and other factors affecting our operations that are set forth in our filings with the Securities and Exchange Commission, including our annual reports on Form 10-K and our quarterly reports on Form 10-Q. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

The DNA of tech® is a trademark of Vishay Intertechnology.

Contact:

Vishay Intertechnology, Inc.
Peter Henrici
Executive Vice President, Corporate Development
+1-610-644-1300

2

VISHAY INTERTECHNOLOGY, INC.
Summary of Operations
(Unaudited - In thousands, except per share amounts)
	Fiscal quarters ended
			July 4, 2026					April 4, 2026					June 28, 2025
Net revenues(a)		$	888,575				$	839,242				$	762,250
Costs of products sold(b)			681,193					662,630					613,567
Gross profit			207,382					176,612					148,683
Gross margin			23.3	%				21.0	%				19.5	%
Selling, general, and administrative expenses(c)			153,856					154,488					126,565
Operating income			53,526					22,124					22,118
Operating margin			6.0	%				2.6	%				2.9	%
Other income (expense):
Interest expense			(10,333	)				(9,973	)				(10,588	)
Other			(794	)				701					747
Total other income (expense) - net			(11,127	)				(9,272	)				(9,841	)
Income before taxes			42,399					12,852					12,277
Income tax expense			14,275					5,688					10,273
Net earnings		$	28,124				$	7,164				$	2,004
Basic earnings per share		$	0.21				$	0.05				$	0.01
Diluted earnings per share		$	0.19				$	0.05				$	0.01
Weighted average shares outstanding - basic			136,824					136,045					135,702
Weighted average shares outstanding - diluted			147,901					137,471					136,167
Cash dividends per share		$	0.10				$	0.10				$	0.10
(a) Net revenues for the fiscal quarter ended July 4, 2026 are reduced by ($30,008) for tariff refunds passed through to customers, with no impact on gross profit.
(b) Costs of product sold for the fiscal quarter ended July 4, 2026 are reduced by ($30,008) for tariff refunds received from the U.S. government, with no impact on gross profit.
(c) Selling, general, and administrative expenses for the fiscal quarter ended June 28, 2025 include a ($11,293) benefit recognized upon the favorable resolution of a contingency.

3

VISHAY INTERTECHNOLOGY, INC.
Summary of Operations
(Unaudited - In thousands, except per share amounts)
	Six fiscal months ended
			July 4, 2026					June 28, 2025
Net revenues(d)		$	1,727,817				$	1,477,486
Costs of products sold(e)			1,343,823					1,193,249
Gross profit			383,994					284,237
Gross margin			22.2	%				19.2	%
Selling, general, and administrative expenses(f)			308,344					261,304
Operating income			75,650					22,933
Operating margin			4.4	%				1.6	%
Other income (expense):
Interest expense			(20,306	)				(19,378	)
Other			(93	)				4,494
Total other income (expense) - net			(20,399	)				(14,884	)
Income before taxes			55,251					8,049
Income tax expense			19,963					10,137
Net earnings (loss)		$	35,288				$	(2,088	)
Basic earnings (loss) per share attributable to Vishay stockholders		$	0.26				$	(0.02	)
Diluted earnings (loss) per share attributable to Vishay stockholders		$	0.25				$	(0.02	)
Weighted average shares outstanding - basic			136,428					135,750
Weighted average shares outstanding - diluted			142,680					135,750
Cash dividends per share		$	0.20				$	0.20
(d) Net revenues for the six fiscal months ended July 4, 2026 are reduced by ($30,008) for tariff refunds passed through to customers, with no impact on gross profit.
(e) Costs of product sold for the six fiscal months ended July 4, 2026 are reduced by ($30,008) for tariff refunds received from the U.S. government, with no impact on gross profit.
(f) Selling, general, and administrative expenses for the six fiscal months ended June 28, 2025 include a ($11,293) benefit recognized upon the favorable resolution of a contingency.

4

VISHAY INTERTECHNOLOGY, INC.
Consolidated Condensed Balance Sheets
(Unaudited - In thousands)
			July 4, 2026					December 31, 2025
Assets
Current assets:
Cash and cash equivalents		$	1,297,309				$	514,966
Short-term investments			5,263					265
Accounts receivable, net			393,373					381,802
Inventories:
Finished goods			184,960					182,444
Work in process			360,965					331,347
Raw materials			261,186					245,412
Total inventories			807,111					759,203
Prepaid expenses and other current assets			221,811					231,004
Total current assets			2,724,867					1,887,240
Property and equipment, at cost:
Land			85,711					86,399
Buildings and improvements			841,294					839,856
Machinery and equipment			3,505,644					3,477,884
Construction in progress			558,131					464,475
Allowance for depreciation			(3,241,135	)				(3,195,455	)
			1,749,645					1,673,159
Right of use assets			122,630					119,746
Deferred income taxes			190,381					183,016
Goodwill			180,027					180,390
Other intangible assets, net			71,266					78,487
Other assets			117,550					112,122
Total assets		$	5,156,366				$	4,234,160

5

VISHAY INTERTECHNOLOGY, INC.
Consolidated Condensed Balance Sheets (continued)
(Unaudited - In thousands)
			July 4, 2026					December 31, 2025
Liabilities and equity
Current liabilities:
Trade accounts payable		$	237,482				$	214,984
Payroll and related expenses			179,479					164,114
Lease liabilities			28,241					26,546
Other accrued expenses			310,238					300,031
Income taxes			18,757					14,751
Current portion of long-term debt			737,744					-
Total current liabilities			1,511,941					720,426
Long-term debt less current portion			234,543					950,893
Deferred income taxes			97,488					96,818
Long-term lease liabilities			96,583					95,799
Other liabilities			136,668					109,228
Accrued pension and other postretirement costs			166,246					172,723
Total liabilities			2,243,469					2,145,887
Equity:
Vishay stockholders' equity
Common stock			14,129					12,351
Class B convertible common stock			1,210					1,210
Capital in excess of par value			1,945,629					1,101,086
Retained earnings			900,268					892,232
Accumulated other comprehensive income			51,661					81,394
Total equity			2,912,897					2,088,273
Total liabilities and equity		$	5,156,366				$	4,234,160

6

VISHAY INTERTECHNOLOGY, INC.
Consolidated Condensed Statements of Cash Flows
(Unaudited - In thousands)
	Six fiscal months ended
			July 4, 2026					June 28, 2025
Operating activities
Net earnings (loss)		$	35,288				$	(2,088	)
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities:
Depreciation and amortization			114,328					109,743
Loss on disposal of property and equipment			24					73
Inventory write-offs for obsolescence			21,883					17,456
Deferred income taxes			(6,069	)				(6,034	)
Stock compensation expense			20,056					11,736
Other			79					(3,606	)
Change in U.S. transition tax liability			-					(47,027	)
Change in repatriation tax liability			(2,000	)				(9,375	)
Changes in operating assets and liabilities			(14,561	)				(63,571	)
Net cash provided by operating activities			169,028					7,307
Investing activities
Capital expenditures			(205,862	)				(126,167	)
Proceeds from sale of property and equipment			221					494
Purchase of short-term investments			(5,260	)				(28,481	)
Maturity of short-term investments			262					39,400
Other investing activities			(381	)				(661	)
Net cash used in investing activities			(211,020	)				(115,415	)
Financing activities
Proceeds from follow-on public offering, net of underwriting discounts and issuance costs			830,250					-
Principal payments on long-term debt			-					(41,911	)
Net proceeds on revolving credit facility			19,000					49,000
Dividends paid to common stockholders			(24,805	)				(24,700	)
Dividends paid to Class B common stockholders			(2,419	)				(2,419	)
Repurchase of common stock			-					(12,538	)
Cash withholding taxes paid when shares withheld for vested equity awards			(4,013	)				(3,957	)
Other financing activities			10,000					10,078
Net cash provided by (used in) financing activities			828,013					(26,447	)
Effect of exchange rate changes on cash and cash equivalents			(3,678	)				18,129
Net increase (decrease) in cash and cash equivalents			782,343					(116,426	)
Cash and cash equivalents at beginning of period			514,966					590,286
Cash and cash equivalents at end of period		$	1,297,309				$	473,860

7

VISHAY INTERTECHNOLOGY, INC.
Schedule of Adjusted Revenue, Gross Profit, and Gross Margin
(Unaudited - In thousands)
	Fiscal quarter ended										Six fiscal months ended
	July 4, 2026										July 4, 2026
			GAAP					Adjusted(g)					GAAP					Adjusted(g)
Net revenues		$	888,575				$	918,583				$	1,727,817				$	1,757,825
Gross profit			207,382					207,382					383,994					383,994
Gross margin			23.3	%				22.6	%				22.2	%				21.8	%
(g) Adjusted net revenues for the fiscal quarter and six fiscal months ended July 4, 2026 exclude $30,008 for tariff refunds passed through to customers, with no impact on gross profit. The tariff refunds are recognized as a reduction of Net revenues and Costs of products sold in the GAAP results. Adjusted gross margin is calculated using adjusted net revenues.

8

VISHAY INTERTECHNOLOGY, INC.
Reconciliation of Adjusted Earnings Per Share
(Unaudited - In thousands, except per share amounts)
	Fiscal quarters ended															Six fiscal months ended
			July 4, 2026					April 4, 2026					June 28, 2025					July 4, 2026					June 28, 2025
Net earnings (loss)		$	28,124				$	7,164				$	2,004				$	35,288				$	(2,088	)
Reconciling items affecting net revenues:
Tariff refunds passed through to customers			30,008					-					-					30,008					-
Other reconciling items affecting gross profit:
Tariff refunds received from U.S. government			(30,008	)				-					-					(30,008	)				-
Other reconciling items affecting operating income:
Favorable resolution of contingency			-					-					(11,293	)				-					(11,293	)
Adjusted net earnings (loss)		$	28,124				$	7,164				$	(9,289	)			$	35,288				$	(13,381	)
Adjusted weighted average diluted shares outstanding			147,901					137,471					135,702					142,680					135,750
Adjusted earnings (loss) per diluted share		$	0.19				$	0.05				$	(0.07	)			$	0.25				$	(0.10	)

9

VISHAY INTERTECHNOLOGY, INC.
Reconciliation of Free Cash
(Unaudited - In thousands)
	Fiscal quarters ended															Six fiscal months ended
			July 4, 2026					April 4, 2026					June 28, 2025					July 4, 2026					June 28, 2025
Net cash provided by (used in) operating activities		$	105,359				$	63,669				$	(8,791	)			$	169,028				$	7,307
Proceeds from sale of property and equipment			155					66					215					221					494
Less: Capital expenditures			(95,201	)				(110,661	)				(64,598	)				(205,862	)				(126,167	)
Free cash		$	10,313				$	(46,926	)			$	(73,174	)			$	(36,613	)			$	(118,366	)

10

VISHAY INTERTECHNOLOGY, INC.
Reconciliation of EBITDA and Adjusted EBITDA
(Unaudited - In thousands)
	Fiscal quarters ended															Six fiscal months ended
			July 4, 2026					April 4, 2026					June 28, 2025					July 4, 2026					June 28, 2025
Net earnings (loss)		$	28,124				$	7,164				$	2,004				$	35,288				$	(2,088	)
Interest expense			10,333					9,973					10,588					20,306					19,378
Interest income			(4,088	)				(3,038	)				(4,023	)				(7,126	)				(7,900	)
Income taxes			14,275					5,688					10,273					19,963					10,137
Depreciation and amortization			56,117					58,211					55,970					114,328					109,743
EBITDA		$	104,761				$	77,998				$	74,812				$	182,759				$	129,270
Reconciling items
Tariff refunds passed through to customers			30,008					-					-					30,008					-
Tariff refunds received from U.S. government			(30,008	)				-					-					(30,008	)				-
Favorable resolution of contingency			-					-					(11,293	)				-					(11,293	)
Adjusted EBITDA		$	104,761				$	77,998				$	63,519				$	182,759				$	117,977
Adjusted EBITDA margin(h)			11.4	%				9.3	%				8.3	%				10.4	%				8.0	%
(h) Adjusted EBITDA as a percentage of adjusted net revenues

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