Vishay Intertechnology Reports Strong Q3 2026 Results Driven by AI and Industrial Demand
Vishay Intertechnology (VSH) reported robust third-quarter 2026 financial results, with revenue reaching $979 million, a 24% increase year-over-year that exceeded previous guidance. The company saw significant growth in its industrial segment (+43%) and aero/defense sectors (+23%), fueled largely by demand for high-voltage capacitors in AI server power management and replenished defense programs. Profitability improved substantially, with non-GAAP EPS rising to $0.37 from $0.04 a year ago, and gross margins expanding by 600 basis points to 25.5%. While the company lowered its annual capital expenditure guidance due to equipment delivery delays for its German wafer fab, strong free cash flow of $98 million and a healthy $2.2 billion backlog suggest sustained momentum heading into the final quarter.
Tickers: $VSH
Topics: ai server demand eps beat gross margin expansion industrial segment growth revenue growth