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Vishay Intertechnology vs Universal Display: VSH and OLED compared
Vishay Intertechnology is the larger company: $979M of revenue in its latest quarter (Q3 2026) against $160M for Universal Display (Q3 2026). Vishay Intertechnology is growing faster (+24% against +15% a year earlier). Universal Display is more profitable, with an operating margin of 33.5% against 9.4%.
Where the money goes: VSH and OLED
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.
Universal Display (OLED) · Q3 2026
Universal Display, Q3 2026: revenue $160M (+15% year over year), operating margin 33.5%, net earnings $78.9M, operating cash flow $100M. The chart follows the revenue to costs, profit and cash.
| Vishay Intertechnology (VSH) | Universal Display (OLED) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $979M | $160M |
| Revenue growth, Y/Y | +24% | +15% |
| Gross margin | 25.5% | 73.1% |
| Operating margin | 9.4% | 33.5% |
| Net earnings | $59.0M | $78.9M |
| Net margin | 6.0% | 49.2% |
| Operating cash flow | $146M | $100M |
| Free cash flow | $98.2M | $95.9M |
| Market value | $3.7B | $3.6B |
| P/E | 37.5× | 15.8× |
| Analysts’ mean target | $38.50 | $114.89 |
Where the revenue comes from
Vishay Intertechnology
- Resistors: $231M (24%)
- Diodes: $198M (20%)
- MOSFETs: $195M (20%)
- Capacitors: $166M (17%)
Universal Display
- Material Sales: $79.7M (50%)
- Royalty and License Fees: $75.5M (47%)
- Contract Research Services: $5.2M (3%)
Questions
Which is bigger, Vishay Intertechnology or Universal Display?
Vishay Intertechnology is the larger company: $979M of revenue in its latest quarter (Q3 2026) against $160M for Universal Display (Q3 2026).
Is Vishay Intertechnology or Universal Display growing faster?
Vishay Intertechnology is growing faster (+24% against +15% a year earlier).
Which is more profitable, Vishay Intertechnology or Universal Display?
Universal Display is more profitable, with an operating margin of 33.5% against 9.4%.
More: Vishay Intertechnology earnings · how Vishay Intertechnology makes money · Universal Display earnings · how Universal Display makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 4, 2026; 10-Q filed Oct 28, 2026). Fiscal quarters can end on different dates. Not investment advice.