VSH Vishay (VSH) Q1 FY26 earnings call
Vishay Intertechnology delivered a strong Q1 FY26, exceeding revenue guidance and demonstrating the effectiveness of its Vishay 3.0 growth strategy. The company saw broad-based revenue growth across all end markets and channels, driven by increased volume and market share gains, with a significant increase in book-to-bill and backlog. While capacity expansion efforts led to negative free cash flow, management reiterated confidence in its long-term revenue and margin targets, expecting 2026 to be a year of substantial growth as market conditions improve and investments yield returns.
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VSH operating KPIs by quarter
| KPI | This call Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|
| Book-to-bill | 1.34 ratioTotal company book-to-bill at quarter end was 1.34, up from 1.2 in the [indiscernible].Source: earnings call transcript | 1.32 ratioBook-to-bill for Q2 was 1.32 with semis at 1.23 and passives higher at 1.40.Source: earnings call transcript | -1.5% |
| Book-to-bill Semiconductors | 1.47 ratioFor semis, book-to-bill was 1.47 and for passives, it was 1.23.Source: earnings call transcript | 1.23 ratioBook-to-bill for Q2 was 1.32 with semis at 1.23 and passives higher at 1.40.Source: earnings call transcript | -16.3% |
| Book-to-bill Passives | 1.23 ratioFor semis, book-to-bill was 1.47 and for passives, it was 1.23.Source: earnings call transcript | 1.4 ratioBook-to-bill for Q2 was 1.32 with semis at 1.23 and passives higher at 1.40.Source: earnings call transcript | +13.8% |
| Backlog | $1.6BAs a result, backlog increased 21% to $1.6 billion at quarter end or 5.7 months.Source: earnings call transcript | $1.9BAs a result, our total backlog grew 18% to $1.9 billion or 6.1 months.Source: earnings call transcript | +18.8% |
| Backlog | 5.7 monthsAs a result, backlog increased 21% to $1.6 billion at quarter end or 5.7 months.Source: earnings call transcript | 6.1 monthsAs a result, our total backlog grew 18% to $1.9 billion or 6.1 months.Source: earnings call transcript | +7% |
| Capital expenditures 12-inch fab in Germany | ~$87MTotal CapEx for the quarter was $111 million, including approximately $87 million for our new 12-inch fab in Germany.Source: earnings call transcript | ~$66MTotal CapEx for the quarter was $95 million, including approximately $66 million for our new 12-inch wafer fab in Germany.Source: earnings call transcript | — |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.