Vishay Intertechnology (VSH) Q3 FY2026 earnings: revenue $979 million, up 23.8% on the year

Vishay Intertechnology Inc. (VSH) reported revenue of $979 million for Q3 FY2026, the quarter ended 3 October 2026, up 23.8% on the same quarter a year earlier. Net income was $59 million, and diluted earnings per share $0.37. The figures are the company's own, from the 10-Q it filed with the SEC on 4 November 2026.

Revenue

$979 million

+23.8% on the year · +10.2% on the quarter

Q4 FY2024Q3 FY2026

Operating margin

9.4%

2.4% a year earlier

Q4 FY2024Q3 FY2026

Net income

$59 million

+109.7% on the quarter

Q4 FY2024Q3 FY2026

Diluted EPS

$0.37

+94.7% on the quarter

Q4 FY2024Q3 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 2 new.

Record quarterly revenue, up 24%: Revenue was $978.9 million, the highest quarterly revenue in company history and up 24% from a year earlier.
Diluted EPS rose to $0.37: Diluted EPS was $0.37, against $0.19 in the second quarter and a loss of $0.06 a year earlier. Net earnings were $58,969 thousand.
Gross margin up 600 basis points: Gross margin rose 600 basis points from a year earlier, when it was 19.5%. Management linked the gain to revenue growth of 24%.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Revenue	979	889	791	+10.2%	+23.8%
Cost of revenue	730	681	637	+7.1%	+14.6%
Gross profit	249	207	154	+20.3%	+62.1%
Gross margin	25.5%	23.3%	19.5%
Selling, general and administrative	157	154	135	+2.2%	+16.7%
Operating income	92.2	53.5	19.1	+72.3%	+381.6%
Operating margin	9.4%	6.0%	2.4%
Interest expense	6.7	10.3	9.5	-35.4%	-29.9%
Pre-tax income	87.3	42.4	11.9	+105.9%	+634.3%
Income tax	28.3	14.3	19.8	+98.3%	+43.3%
Effective tax rate	32.4%	33.7%	166.3%
Net income	59.0	28.1	-7.9	+109.7%
Net margin	6.0%	3.2%	-1.0%
Diluted EPS	$0.37	$0.19	-$0.06	+94.7%

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Operating cash flow	146	105	27.6	+38.3%	+427.4%
Capital expenditure	47.5	95.2	52.3	-50.1%	-9.1%
Free cash flow	98.2	10.2	-24.7	+866.9%
Free cash flow margin	10.0%	1.1%	-3.1%
Cash from investing	-47.4	-101	-48.0
Cash from financing	-253	814	-9.6
Depreciation and amortisation	59.7	56.1	57.3	+6.4%	+4.2%
Share-based compensation	9.8	7.8	5.9	+26.2%	+66.5%
Buybacks	0.0	0.0	0.0
Dividend per share	$0.10	$0.10	$0.10	0.0%	0.0%
Diluted shares, weighted	161m	148m	136m	+8.7%	+18.5%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Shareholders' equity	2,954	2,913	2,083	+1.4%	+41.8%
Debt	735	972	920	-24.4%	-20.0%
Operating lease liabilities	92.8	96.6	96.0	-4.0%	-3.4%
Other liabilities	1,166	1,175	1,097	-0.7%	+6.3%
Total liabilities and equity	4,949	5,156	4,196	-4.0%	+17.9%
Fixed assets	1,733	1,750	1,633	-1.0%	+6.1%
Goodwill	180	180	180	-0.1%	-0.2%
Intangible assets	67.8	71.3	81.9	-4.9%	-17.2%
Cash and equivalents	1,140	1,297	444	-12.1%	+156.8%
Receivables	367	393	464	-6.7%	-20.8%
Inventory	805	807	760	-0.2%	+6.0%
Other assets	656	658	634	-0.3%	+3.5%
Total assets	4,949	5,156	4,196	-4.0%	+17.9%

Questions

What was Vishay Intertechnology's revenue in Q3 FY2026?

Vishay Intertechnology (VSH) reported revenue of $979 million for Q3 FY2026, the quarter ended 3 October 2026, up 23.8% on the same quarter a year earlier.

How much did Vishay Intertechnology earn in Q3 FY2026?

Net income for Q3 FY2026 was $59 million, and diluted earnings per share $0.37.

When did Vishay Intertechnology report Q3 FY2026 results?

Vishay Intertechnology filed its 10-Q for the quarter ended 3 October 2026 with the SEC on 4 November 2026.

Quarterly results, the last 20 quarters

	Q4 FY2021 *	Q1 FY2022	Q2 FY2022	Q3 FY2022	Q4 FY2022 *	Q1 FY2023	Q2 FY2023	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026
Revenue	843	854	864	925	855	871	892	854	785	746	741	735	715	715	762	791	801	839	889	979
Cost of revenue	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	576	578	584	573	580	614	637	644	663	681	730
Gross profit	230	259	261	290	249	279	257	238	201	170	163	151	142	136	149	154	157	177	207	249
Gross margin	27%	30%	30%	31%	29%	32%	29%	28%	26%	23%	22%	21%	20%	19%	20%	19%	20%	21%	23%	25%
SG&A	108	113	110	106	114	120	123	123	123	128	125	129	132	135	127	135	142	154	154	157
Operating income	122	146	151	183	135	159	135	115	77.8	42.7	37.9	-18.3	-56.7	0.8	22.1	19.1	14.8	22.1	53.5	92.2
Operating margin	14%	17%	17%	20%	16%	18%	15%	13%	10%	6%	5%	-2%	-8%	0%	3%	2%	2%	3%	6%	9%
Interest expense	4.3	4.2	4.3	4.1	4.5	5.1	6.4	7.2	6.5	6.5	6.7	6.6	7.7	8.8	10.6	9.5	9.7	10.0	10.3	6.7
Pre-tax income	114	136	148	181	128	157	133	96.5	80.6	44.3	36.3	-24.1	-58.9	-4.2	12.3	11.9	5.6	12.9	42.4	87.3
Tax rate	68%	24%	24%	22%	43%	28%	29%	32%	36%	29%	34%	n/a	n/a	n/a	84%	166%	82%	44%	34%	32%
Net income	36.5	104	112	140	72.8	112	95.0	65.5	51.5	30.9	23.5	-19.3	-66.3	-4.1	2.0	-7.9	1.0	7.2	28.1	59.0
Net margin	4%	12%	13%	15%	9%	13%	11%	8%	7%	4%	3%	-3%	-9%	-1%	0%	-1%	0%	1%	3%	6%
Diluted EPS	$0.25	$0.71	$0.78	$0.98	$0.51	$0.79	$0.68	$0.47	$0.37	$0.22	$0.17	-$0.14	-$0.49	-$0.03	$0.01	-$0.06	$0.01	$0.05	$0.19	$0.37
Operating cash flow	147	33.6	74.7	209	166	130	107	122	6.3	80.2	-24.7	50.6	67.7	16.1	-8.8	27.6	149	63.7	105	146
Capital expenditure	100	35.9	59.8	76.5	153	45.6	71.7	66.8	145	53.1	62.6	59.5	145	61.6	64.6	52.3	94.8	111	95.2	47.5
Free cash flow	46.4	-2.3	14.9	133	13.4	84.3	35.6	55.5	-139	27.1	-87.3	-9.0	-77.2	-45.5	-73.4	-24.7	54.6	-47.0	10.2	98.2
Buybacks	0.0	9.9	26.3	18.5	28.3	20.2	20.2	17.3	21.0	12.5	12.6	12.6	12.6	12.5	0.0	0.0	-0.0	0.0	0.0	0.0
Filing	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 3 October 2026, filed 4 November 2026: the filing.