Filing Flows › Vishay Intertechnology (VSH) › Q1 2026
Vishay Intertechnology (VSH) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 13, 2026
Vishay Intertechnology (VSH) reported revenue of $839M for the first quarter 2026 (Q1 2026), +17% from a year earlier and +5% from the quarter before. Operating margin was 2.6%, net earnings $7.2M (0.9% of revenue).
Vishay Intertechnology, Q1 2026: revenue $839M (+17% year over year), operating margin 2.6%, net earnings $7.2M, operating cash flow $63.7M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $839M | +5% | +17% |
| Gross profit | $177M | +13% | +30% |
| Operating profit | $22.1M | +50% | 27× |
| Net earnings | $7.2M | +627% | — |
| Operating cash flow | $63.7M | -57% | +296% |
What changed
Revenue was $839.2M in Q1 2026, up 17% year over year and up 5% from the previous quarter. Resistors was the largest line at 24% of revenue. MOSFETs added $31.9M year over year (up 22%), 26% of the total change.
Gross margin was 21.0%, up 2.1 points from Q1 2025. Operating profit was $22.1M, a 2.6% margin (up 2.5 points year over year). Of the extra revenue versus Q1 2025, 17% reached operating profit, above the 0% margin then. Operating expenses grew 15% against revenue growth of 17%. Net earnings were $7.2M. The effective tax rate was 44.3%.
Operating cash flow was $63.7M (up 296% year over year), 889% of net earnings. Non-cash charges added back $58.2M of depreciation and amortization and $12.3M of share-based compensation. Working capital and other items used $14.0M. Capital expenditures of $110.7M exceeded it, leaving free cash flow of −$47.0M.
Questions
What was Vishay Intertechnology's revenue in the first quarter 2026?
Vishay Intertechnology (VSH) reported revenue of $839M for the first quarter 2026 (Q1 2026), +17% from a year earlier and +5% from the quarter before.
Was Vishay Intertechnology profitable in the first quarter 2026?
Operating profit was $22.1M (2.6% of revenue) and net earnings $7.2M.