Description
Vishay Intertechnology’s AI And Industrial Demand Spark A New Growth Setup; But What’s The Upside?
Vishay Intertechnology reported first quarter 2026 revenue of $839 million, surpassing its guidance range of $800 million to $830 million. This represented a 4.8% increase over the prior quarter and a 17.3% rise year-over-year. Growth was broad-based, occurring across all end markets, sales channels, and regions. The increase in volume was 5.8%, driven by gains in both semiconductor and passive product lines. The company attributed the momentum to increased consumption, inventory replenishment, and market share gains, with AI-related applications and industrial demand notably contributing. Book-to-bill ratios stood at 1.34 overall, indicating strong order intake, and backlog rose 21% to $1.6 billion, reflecting extended customer visibility and safety stock building. Revenue by end market showed automotive increasing 2.7% sequentially, supported by OEM demand chiefly in the Americas and Europe amid ramp-ups in hybrid and electric vehicle programs. Industrial power grew 6.
