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Vishay Intertechnology vs Mercury Systems: VSH and MRCY compared
Vishay Intertechnology is the larger company: $979M of revenue in its latest quarter (Q3 2026) against $290M for Mercury Systems (Q4 FY26). Vishay Intertechnology is growing faster (+24% against +6% a year earlier). Vishay Intertechnology is more profitable, with an operating margin of 9.4% against 5.0%.
Where the money goes: VSH and MRCY
Vishay Intertechnology (VSH) · Q3 2026
Vishay Intertechnology, Q3 2026: revenue $979M (+24% year over year), operating margin 9.4%, net earnings $59.0M, operating cash flow $146M. The chart follows the revenue to costs, profit and cash.
Mercury Systems (MRCY) · Q4 FY26
Mercury Systems, Q4 FY26: revenue $290M (+6% year over year), operating margin 5.0%, net earnings $798K, operating cash flow $42.2M. The chart follows the revenue to costs, profit and cash.
| Vishay Intertechnology (VSH) | Mercury Systems (MRCY) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q4 FY26 |
| Revenue | $979M | $290M |
| Revenue growth, Y/Y | +24% | +6% |
| Gross margin | 25.5% | 30.6% |
| Operating margin | 9.4% | 5.0% |
| Net earnings | $59.0M | $798K |
| Net margin | 6.0% | 0.3% |
| Operating cash flow | $146M | $42.2M |
| Free cash flow | $98.2M | $28.6M |
| Market value | $3.7B | $4.5B |
| P/E | 37.5× | — |
| Analysts’ mean target | $38.50 | $109.00 |
Where the revenue comes from
Vishay Intertechnology
- Resistors: $231M (24%)
- Diodes: $198M (20%)
- MOSFETs: $195M (20%)
- Capacitors: $166M (17%)
Mercury Systems
- Airborne: $110M (38%)
- Land: $65.2M (22%)
- Other: $55.3M (19%)
- Naval: $37.3M (13%)
Questions
Which is bigger, Vishay Intertechnology or Mercury Systems?
Vishay Intertechnology is the larger company: $979M of revenue in its latest quarter (Q3 2026) against $290M for Mercury Systems (Q4 FY26).
Is Vishay Intertechnology or Mercury Systems growing faster?
Vishay Intertechnology is growing faster (+24% against +6% a year earlier).
Which is more profitable, Vishay Intertechnology or Mercury Systems?
Vishay Intertechnology is more profitable, with an operating margin of 9.4% against 5.0%.
More: Vishay Intertechnology earnings · how Vishay Intertechnology makes money · Mercury Systems earnings · how Mercury Systems makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 4, 2026; 10-K filed Aug 18, 2026). Fiscal quarters can end on different dates. Not investment advice.