Vishay Intertechnology, Inc. has reported its fourth-quarter and full-year 2025 results, revealing several key highlights. In the fourth quarter of 2025, the company generated revenues of $800.9 million, with a gross margin of 19.6%. The company reported a GAAP EPS of $0.01 for the same period. Additionally, the 4Q 2025 book-to-bill ratio stood at 1.20, with a backlog at quarter-end of 4.9 months.
The president and CEO, Joel Smejkal, highlighted that the fourth-quarter financial results capped a year of steadily improving performance. He noted that revenue was 1.3% higher than the third quarter, reflecting growing demand across various industrial and AI-related power applications. The company also experienced growth in each channel, led by distribution. Furthermore, orders for the quarter reached a three-year high, and the quarter ended with a book-to-bill of 1.20.
Looking ahead to the first quarter of 2026, management anticipates revenues in the range of $800 million to $830 million, with a gross profit margin in the range of 19.9% plus or minus 50 basis points, including the negative impact of approximately 50 to 75 basis points related to Newport.
Vishay Intertechnology, Inc. is a Fortune 1,000 company listed on the NYSE (VSH) and is known for manufacturing a wide array of discrete semiconductors and passive electronic components essential to innovative designs across various industries like automotive, industrial, computing, consumer, telecommunications, military, aerospace, and healthcare markets.
The press release also emphasized that the financial measures included are not recognized in accordance with U.S. generally accepted accounting principles (GAAP), including adjusted net earnings, adjusted earnings per share, adjusted gross margin, adjusted operating margin, free cash, earnings before interest, taxes, depreciation and amortization (EBITDA), adjusted EBITDA, and adjusted EBITDA margin. These measures, as calculated by Vishay, may not be comparable to similarly titled measures used by other companies.
Following these announcements, the company's shares moved 2.35%, and are now trading at a price of $18.29. For more information, read the company's full 8-K submission here.
