VISHAY INTERTECHNOLOGY INC (VSH) FY2025 10-K Annual Report
VISHAY INTERTECHNOLOGY INC (VSH) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 13, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
VISHAY INTERTECHNOLOGY INC FY2025 10-K Analysis
Business Overview
- • Core business: global manufacturer of broad portfolio of electronic components including MOSFETs, diodes, capacitors, resistors, inductors, and optoelectronic components
- • New emphasis: acquisition and integration of Nexperia's Newport wafer fab ($177.5M), expanding SiC MOSFETs and diode production capacity, expected profit starting 2026
- • Strategic shift: implementing "Think Customer First" philosophy with redesigned incentive plans for ~1,000 key employees to align growth and profitability
- • Quantitative highlight: 2025 net revenues rose to $800.9M in Q4; book-to-bill ratio spiked to 1.20 from 0.97 prior quarter, backlog increased to $1.31B indicating growing demand
- • Noteworthy fact: first broad-based long-term stock compensation program in 20+ years with share-based compensation expense tripling to $22.4M in 2025, expected $27-30M in 2026
Management Discussion & Analysis
- • Revenue and profit data not provided in excerpt
- • Segment performance details not included
- • Cash flow, buybacks, dividends, capex figures absent
- • No forward-looking guidance or risk discussion available
Risk Factors
- • Regulatory risk: U.S. transition tax installment payments of $47.0 million in 2025 negatively impacting free cash flow
- • Macroeconomic risk: Revenue decline to $3.069B in 2025 from $3.402B in 2023 due to slower-than-expected industry recovery
- • Operational vulnerability: Capital expenditures of $273 million in 2025 mainly on wafer fab and capacity expansion projects increasing fixed costs
- • Competitive risk: Increased EMS channel participation requiring quick-turn demand fulfillment and short-term demand visibility
- • Financial risk: Net loss of $9.0 million in 2025 versus $323.8 million net income in 2023, pressured by lower prices and higher costs
VISHAY INTERTECHNOLOGY INC FY2025 Key Financial MetricsXBRL
Revenue
$3.1B
▲ +4.5% YoY
Net Income
-$9M
▲ +71.2% YoY
Gross Margin
19.4%
▼ -194bp YoY
Operating Margin
1.9%
▲ +166bp YoY
Net Margin
-0.3%
▲ +77bp YoY
ROE
-0.4%
▲ +111bp YoY
Total Assets
$4.2B
▲ +3.0% YoY
EPS (Diluted)
$-0.07
▲ +69.6% YoY
Operating Cash Flow
$184M
▲ +6.1% YoY
Source: XBRL data from VISHAY INTERTECHNOLOGY INC FY2025 10-K filing on SEC EDGAR. All figures in USD.
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