Abstract
Vishay Intertechnology will release its quarterly results on February 04, 2026, Pre-Market; investors will monitor revenue, margin stability, net income trends, and adjusted EPS as management updates demand and inventory commentary across passive components and semiconductors.
Market Forecast
Consensus projections for Vishay Intertechnology’s current quarter point to revenue of USD 0.79 billion, an adjusted EPS of USD 0.02, and EBIT of USD 0.02 billion, with year-over-year revenue growth of 9.56% and an EPS decline of 83.78%. The company’s outlook implies near-term margin pressure, with EBIT expected to decline year over year by 11.47%, suggesting gross profit margin and net profit margins remain constrained while stabilizing on sequential improvements. The main business mix continues to be anchored by passive components and semiconductors, with inventory normalization and distribution demand as focal points. Passive components are positioned as the most promising segment near term, supported by a wider breadth of end markets and order stabilization, with revenue most recently at USD 0.42 billion and a mix share of 52.91%.
Last Quarter Review
Vishay Intertechnology’s last reported quarter delivered revenue of USD 0.79 billion, a gross profit margin of 19.46%, net profit attributable to the parent company of USD -7.88 million, a net profit margin of -1.00%, and adjusted EPS of USD 0.04, with year-over-year revenue growth of 7.52% and adjusted EPS down 50.00%. A notable highlight was EBIT of USD 0.02 billion, which exceeded earlier estimates, indicating cost discipline and resilient operational execution despite pricing and mix headwinds. Main business performance reflected USD 0.42 billion from passive components and USD 0.37 billion from semiconductors, underscoring a balanced contribution and ongoing demand variability across distribution and OEM channels.
Current Quarter Outlook
Main Business: Passive Components and Semiconductors
Passive components underpin Vishay Intertechnology’s revenue base, with recent quarter sales of USD 0.42 billion and a 52.91% mix share, while semiconductors contributed USD 0.37 billion at 47.09%. Heading into the current quarter, management’s forecast frames a modest top-line improvement and softer EPS, aligning with an environment of cautious customer ordering, pricing discipline, and targeted inventory reductions in the channel. The gross margin profile is likely to be influenced by product mix and utilization rates across resistors, capacitors, and inductors, while semiconductor segment pricing and volumes may reflect measured recovery in industrial and automotive demand. With EBIT guided at USD 0.02 billion and EPS at USD 0.02, the company appears focused on maintaining operating efficiency through disciplined cost controls, selective capacity utilization, and ongoing footprint optimization.
Most Promising Business: Passive Components
Passive components are positioned to show steadier demand relative to discrete semiconductors due to diversified exposure across industrial, automotive, and distribution markets. The latest revenue print at USD 0.42 billion highlights this breadth, and the current forecast assumes heightened order visibility from distribution channels as inventory levels gradually normalize. Price/mix will be a key margin determinant as the company balances volume against profitability, particularly in commodity passives where competitive dynamics are intense. Should end-market replenishment continue into the quarter, passive components could provide incremental operating leverage, tempering the EPS headwind and supporting sequential margin stabilization despite year-over-year EBIT pressure.
Stock Price Drivers This Quarter
Stock performance will likely hinge on three elements: revenue momentum versus consensus, gross margin trajectory, and visibility in order intake across geographies and end markets. A revenue outcome near USD 0.79 billion alongside stable to slightly improving gross margins would underpin the stock, provided operating expenses stay aligned with volume and utilization rates. Conversely, a miss on adjusted EPS or a weaker-than-expected margin print would raise questions about mix, pricing, and channel health, particularly if semiconductor volumes lag. Investors will also monitor commentary on backlog quality, lead times, and distributor inventory levels, as these shape expectations for the next two quarters and inform whether the current revenue growth can sustain without pressuring margins.
Analyst Opinions
The balance of recent institutional commentary leans cautiously positive, emphasizing stabilization in orders and constructive revenue expectations relative to the previous quarter. Analysts supportive of the outlook highlight the 9.56% year-over-year revenue forecast to USD 0.79 billion and the potential for sequential margin stabilization as inventory normalization progresses and operational discipline supports EBIT delivery close to USD 0.02 billion. Positive views also point to passive components as a resilient anchor for the product mix, with distribution trends likely to improve as customers transition from destocking to measured replenishment. While acknowledging EPS pressure and lingering price/mix challenges, the majority of coverage frames the setup as balanced to slightly favorable, focusing on execution in cost control and the breadth of end-market exposure.
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