VSH Vishay Intertechnology (VSH) Q2 FY26 earnings call
Vishay Intertechnology delivered a strong Q2 FY26, surpassing revenue guidance and achieving record bookings, driven by robust demand across industrial, AI, automotive, and aerospace/defense end markets. The company's Vishay 3.0 strategy is proving effective, enabling market share gains and accelerated capacity expansion, including a new 12-inch fab in Germany. Management is focused on margin expansion through volume, pricing, and strategic capacity allocation, while navigating elevated tax rates and negative free cash flow due to significant capital investments.
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VSH operating KPIs by quarter
| KPI | Mar 2026 Q1 FY26 | This call 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.