Vishay Intertechnology (VSH) Earnings: Q3 2026 Results and Next Report Date
Last updated November 2026
Short answer
Vishay Intertechnology reported revenue of $979 million for Q3 2026, up 24% from a year earlier (Vishay Intertechnology, Nov 4, 2026). Diluted EPS was $0.37. MOSFETs brought in $195 million, up 17%. Vishay Intertechnology next reports around February 3, 2027 (an estimated date). Every figure is from Vishay Intertechnology's release. Walnut is informational, not investment advice.
VSH Q3 2026 results
In one sentence
Vishay Intertechnology reported revenue of $979 million for Q3 2026, up 24% from a year earlier (Vishay Intertechnology, Nov 4, 2026).
| Measure | Q3 2026 | Q3 2025 | Change |
|---|---|---|---|
| Revenue | $979 million | $791 million | up 24% |
| Diluted EPS (GAAP) | $0.37 | -$0.06 | n/a |
| Diluted EPS (adjusted) | $0.37 | $0.04 | up 825% |
| Net income | $59.0 million | -$7.9 million | n/a |
The quarter ended October 3, 2026 and Vishay Intertechnology published the results on November 4, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison. Vishay Intertechnology reports EPS two ways: GAAP, under the accounting rules every US filer follows, and adjusted, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.
- Vishay uses a fiscal calendar of quarters ending on a Saturday: Q3 2026 ended October 3, 2026 and Q3 2025 ended September 27, 2025.
- Vishay's Q2 2026 net revenues were reduced by $30.0 million of tariff refunds passed through to customers, with an equal reduction in cost of products sold and no effect on gross profit. Q3 2026 contains no such item.
- The Q3 2025 adjusted EPS of $0.04 excludes a $13.7 million tax charge from changes in tax laws and regulations.
Source: Vishay Intertechnology Q3 2026 results, November 4, 2026. Also in the Form 10-Q for the quarter ended October 3, 2026. Figures as reported; checked against the release on November 10, 2026.
VSH revenue by segment
How Vishay Intertechnology splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.
| Net revenues by segment | Q3 2026 | Q3 2025 | Change |
|---|---|---|---|
| MOSFETs | $195 million | $167 million | up 17% |
| Diodes | $198 million | $150 million | up 32% |
| Optoelectronic Components | $74.8 million | $55.6 million | up 35% |
| Resistors | $231 million | $196 million | up 18% |
| Inductors | $114 million | $92.0 million | up 24% |
| Capacitors | $166 million | $131 million | up 27% |
- Vishay Intertechnology's MOSFETs revenue was $195 million in Q3 2026, up 17% from $167 million in Q3 2025, 20% of total revenue.
- Vishay Intertechnology's Diodes revenue was $198 million in Q3 2026, up 32% from $150 million in Q3 2025, 20% of total revenue.
- Vishay Intertechnology's Optoelectronic Components revenue was $74.8 million in Q3 2026, up 35% from $55.6 million in Q3 2025, 8% of total revenue.
- Vishay Intertechnology's Resistors revenue was $231 million in Q3 2026, up 18% from $196 million in Q3 2025, 24% of total revenue.
- Vishay Intertechnology's Inductors revenue was $114 million in Q3 2026, up 24% from $92.0 million in Q3 2025, 12% of total revenue.
- Vishay Intertechnology's Capacitors revenue was $166 million in Q3 2026, up 27% from $131 million in Q3 2025, 17% of total revenue.
Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.
Vishay Intertechnology's outlook for Q4 2026
From the earnings release
In its Q3 2026 release, Vishay Intertechnology said:
“For the fourth quarter of 2026, management expects revenues in the range of $990 million +/- $15 million and a gross profit margin in the range of 26.0% +/- 50 basis points.”
Source: Vishay Q3 2026 release, Nov 4, 2026.
This is the company's own guidance as of Nov 4, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the VSH forecast page.
VSH recent quarters
Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.
| Quarter | Revenue | Diluted EPS | Reported |
|---|---|---|---|
ended Oct 3, 2026 | $979 million | $0.37 | Nov 4, 2026 |
Q2 2026 ended Jul 4, 2026 | $889 million | $0.19 | Aug 5, 2026 |
Q1 2026 ended Apr 4, 2026 | $839 million | $0.05 | May 13, 2026 |
Q4 2025 ended Dec 31, 2025 | $801 million | $0.01 | Feb 4, 2026 |
Q3 2025 ended Sep 27, 2025 | $791 million | -$0.06 | Nov 5, 2025 |
GAAP net revenues and diluted EPS, each as first reported in that quarter's release. Q2 2026 revenue is after the $30.0 million tariff refund passed through to customers.
When does VSH report earnings next?
Vishay Intertechnology's next report is expected around February 3, 2027, a date estimated from its reporting history that the company has not yet confirmed. This page will show Q3 2026 until those results are out and have been checked against the release.
Past Vishay Intertechnology quarterly reports
Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.
- Q3 2026 (this page), reported Nov 4, 2026
What Vishay Intertechnology's revenue is made of
Vishay Intertechnology's net revenues were $978.9 million in Q3 2026, the highest quarterly revenue in its history by its own account, against $790.6 million a year earlier. Vishay reports six segments by product. Its semiconductor segments brought in $195.3 million (MOSFETs), $197.6 million (Diodes) and $74.8 million (Optoelectronic Components); its passive component segments brought in $231.2 million (Resistors, the largest), $114.5 million (Inductors) and $165.6 million (Capacitors). (Vishay Q3 2026 release, Nov 4, 2026; Vishay Form 10-Q, Q3 2026, Nov 4, 2026)
By end market, Industrial was the largest at $390.0 million, up from $271.9 million, followed by Automotive at $307.5 million, up from $286.6 million. Military and Aerospace contributed $97.0 million and Healthcare $44.0 million. Distributors bought $579.9 million of the total, OEMs $334.5 million and EMS companies $64.5 million. By customer location, Asia accounted for $409.3 million, Europe $318.5 million and the Americas $251.2 million. (Vishay Form 10-Q, Q3 2026, Nov 4, 2026)
Vishay's 10-Q attributes the segment gains to higher sales to distribution and industrial end market customers in most segments, and says average selling prices rose 1.6% from the prior quarter after a 2.1% rise in Q2 2026. No customer represented more than 10% of consolidated net revenue in 2025, and Vishay's top 30 customers made up approximately 74% of total net revenues. (Vishay Form 10-Q, Q3 2026, Nov 4, 2026; Vishay Form 10-K, 2025, Feb 13, 2026)
Profitability differs widely by segment. In Q3 2026 Inductors earned a segment operating margin of 29.6% and Capacitors 23.3%, while MOSFETs earned 0.5%. Vishay is investing in the MOSFETs business through its Newport wafer fab, acquired in 2024, and a planned 12-inch wafer fab in Itzehoe, Germany, which the 10-Q describes as long-term investments not expected to generate significant income in the near term. (Vishay Form 10-Q, Q3 2026, Nov 4, 2026)
What Vishay Intertechnology's EPS includes
Vishay Intertechnology earned diluted EPS of $0.37 in Q3 2026, against a loss of $0.06 a year earlier. Its adjusted EPS was also $0.37, because Q3 2026 had no reconciling items; the year-ago adjusted figure of $0.04 excluded a $13.7 million tax charge from changes in tax laws and regulations. That charge is why the Q3 2025 effective tax rate was 166.3%, against 32.4% in Q3 2026. (Vishay Q3 2026 release, Nov 4, 2026; Vishay Form 10-Q, Q3 2026, Nov 4, 2026)
Gross margin rose to 25.5% from 19.5% and operating margin to 9.4% from 2.4%. Operating income was $92.2 million, against $19.1 million, while selling, general and administrative expenses rose to $157.2 million from $134.7 million. Interest expense fell to $6.7 million from $9.5 million after Vishay used part of its share offering proceeds to fully repay its revolving credit facility. (Vishay Q3 2026 release, Nov 4, 2026; Vishay Form 10-Q, Q3 2026, Nov 4, 2026)
Diluted weighted average shares rose to 160,819 thousand from 135,720 thousand. On July 1, 2026 Vishay sold 17.25 million new shares at $50.00 each for net proceeds of $830.25 million, which it intends to use to accelerate growth initiatives. The quarterly cash dividend stayed at $0.10 per share. (Vishay Q3 2026 release, Nov 4, 2026; Vishay Form 10-Q, Q3 2026, Nov 4, 2026)
Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.
Consensus and guidance at Vishay Intertechnology
Vishay Intertechnology gives a one-quarter outlook in its release. For Q4 2026 it expects revenues of $990 million +/- $15 million and a gross profit margin of 26.0% +/- 50 basis points. Its CEO said Q3 2026 revenue of $979 million exceeded the top end of the guidance Vishay had given for that quarter. (Vishay Q3 2026 release, Nov 4, 2026)
The 10-Q puts full-year 2026 capital expenditures in the range of $350 million to $400 million, citing extended lead times on equipment deliveries and installation. Capital expenditures were $253.4 million in the first nine months. (Vishay Form 10-Q, Q3 2026, Nov 4, 2026; Vishay Q3 2026 release, Nov 4, 2026)
A consensus figure is the average of the models published by the analysts who cover Vishay Intertechnology, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.
The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.
The numbers analysts watch at Vishay Intertechnology
The figures below are the ones Vishay Intertechnology's own release and filings put weight on for Q3 2026, with the latest reported value for each.
| Metric | Latest reported |
|---|---|
| Book-to-bill ratio | 1.29 Semiconductors 1.28, passive components 1.31 Vishay Q3 2026 release, Nov 4, 2026 |
| End-of-period backlog | $2,156.1 million, or 6.6 months $1,152.7 million at the end of Q3 2025 Vishay Q3 2026 release, Nov 4, 2026; Vishay Form 10-Q, Q3 2026, Nov 4, 2026 |
| Gross margin | 25.5%, up from 19.5% Q4 2026 outlook: 26.0% +/- 50 basis points Vishay Q3 2026 release, Nov 4, 2026 |
| Adjusted EBITDA margin | 14.9%, against 9.6% a year earlier Adjusted EBITDA $145.9 million Vishay Q3 2026 release, Nov 4, 2026 |
| Free cash | $98.5 million, against negative $24.3 million a year earlier Operating cash flow $145.8 million less capital expenditures of $47.5 million, plus asset sale proceeds Vishay Q3 2026 release, Nov 4, 2026 |
| Change in average selling prices | Up 1.6% from the prior quarter Vishay Form 10-Q, Q3 2026, Nov 4, 2026 |
What the quarter means for a holding is a separate question from what it reported. The case for and against owning VSH is on is VSH a buy or a sell?, what analysts expect next is on the VSH forecast, and what the company does is on the Vishay Intertechnology (VSH) stock page.
How to check VSH's figures yourself
Every number on this page can be traced to a document Vishay Intertechnology published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.
- The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
- The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
- The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
- Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.
A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.
Your questions about Vishay Intertechnology
Ask Walnut's AI anything about VSH and see how it fits what you own.
FAQ
What was Vishay Intertechnology's revenue last quarter?
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Vishay Intertechnology reported revenue of $979 million for Q3 2026, the quarter ended October 3, 2026, against $791 million in Q3 2025 (up 24%). The figures come from Vishay Intertechnology's results release of November 4, 2026.
What guidance did Vishay Intertechnology give for Q4 2026?
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In its Q3 2026 release, Vishay Intertechnology said: "For the fourth quarter of 2026, management expects revenues in the range of $990 million +/- $15 million and a gross profit margin in the range of 26.0% +/- 50 basis points." That is the company's own outlook as of Nov 4, 2026, and companies revise outlooks as the quarter goes on.
When does VSH report earnings next?
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Vishay Intertechnology's next report is expected around February 3, 2027, a date estimated from its reporting history that the company has not confirmed. This page carries Q3 2026 until those results are out and checked against the release.
Where does Vishay Intertechnology's revenue come from?
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Vishay Intertechnology's MOSFETs revenue was $195 million in Q3 2026, up 17% from $167 million in Q3 2025, 20% of total revenue. Vishay Intertechnology's Diodes revenue was $198 million in Q3 2026, up 32% from $150 million in Q3 2025, 20% of total revenue. Vishay Intertechnology's Optoelectronic Components revenue was $74.8 million in Q3 2026, up 35% from $55.6 million in Q3 2025, 8% of total revenue. Vishay Intertechnology's Resistors revenue was $231 million in Q3 2026, up 18% from $196 million in Q3 2025, 24% of total revenue. Vishay Intertechnology's Inductors revenue was $114 million in Q3 2026, up 24% from $92.0 million in Q3 2025, 12% of total revenue. Vishay Intertechnology's Capacitors revenue was $166 million in Q3 2026, up 27% from $131 million in Q3 2025, 17% of total revenue. These are the lines of Vishay Intertechnology's own "net revenues by segment" table for Q3 2026.
How much did Vishay Intertechnology's revenue grow last quarter?
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Up 24% on the year: $979 million in Q3 2026 against $791 million in Q3 2025. That is the year-over-year comparison, the same quarter a year apart, so seasonal patterns in Vishay Intertechnology's business do not distort it.
What is the difference between Vishay Intertechnology's GAAP and adjusted EPS?
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GAAP EPS follows US accounting rules and is the figure in the audited statements. Vishay Intertechnology's adjusted EPS starts from it and removes items the company considers outside its operating results; the release lists each adjustment in a reconciliation table. For Q3 2026 the two were $0.37 and $0.37. Analysts' EPS estimates are usually built on the adjusted figure, so check which one a headline compares before you repeat it.
Where do the VSH numbers on this page come from?
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From Vishay Intertechnology's own results release and its Form 10-Q for the quarter ended October 3, 2026, copied as printed, in millions of US dollars. Percent changes are worked out from those figures and rounded to a whole percent, which matches how the release states them. Nothing on this page is an estimate except the consensus, which is labelled with its source and date.
Walnut is informational, not investment advice. Reported figures are copied from Vishay Intertechnology's results release and filings; consensus figures, where shown, are third-party estimates captured before the report. Verify figures against the source before relying on them.