Short answer
VISHAY INTERTECHNOLOGY INC (VSH) filed its fiscal 2025 10-K annual report with the SEC on Feb 13, 2026. It reported revenue of $3.1B (+4.5% year over year) and net income of −$9M.
- Top risk flagged: Regulatory risk: U.S. transition tax installment payments of $47.0 million in 2025 negatively impacting free cash flow
FY2025 key financial metrics · XBRL
- Revenue
- $3.1B
- +4.5% YoY
- Net income
- −$9M
- +71.2% YoY
- Operating margin
- 1.9%
- +1.7 pp YoY
- Gross margin
- 19.4%
- −1.9 pp YoY
- EPS (diluted)
- −$0.07
- +69.6% YoY
- ROE
- -0.4%
- +1.1 pp YoY
- Operating cash flow
- $184M
- +6.1% YoY
Source: XBRL data from the VISHAY INTERTECHNOLOGY INC (VSH) FY2025 10-K on SEC EDGAR. USD.
VISHAY INTERTECHNOLOGY INC FY2025 10-K analysis
AI summary of each section, grounded in the filing text
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
- 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
Generated from the filing text; verify against the original. How to read a 10-K
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