Vishay Intertechnology, Inc. manufactures and sells discrete semiconductors and passive electronic components across the United States, Germany, the rest of Europe, Israel, and Asia. It operates through six segments: MOSFETs, Diodes, Optoelectronic Components, Resistors, Inductors, and Capacitors. The company sells its products under brands such as Siliconix, Dale, Draloric, Beyschlag, Sfernice, MCB, UltraSource, Applied Thin-Film Products, IHLP, HiRel Systems, Sprague, Vitramon, Barry, Roederstein, ESTA, Ametherm, and BCcomponents. It serves the automotive, industrial, computing, consumer, telecommunications, military, aerospace, and healthcare markets. Incorporated in 1962, Vishay Intertechnology is headquartered in Malvern, Pennsylvania.
Vishay rides AI, industrial, and auto demand; memory scare is a speed bump
▲
Industrial demand powers growth Vishay's industrial segment grew for a fifth straight quarter, fueled by AI infrastructure, smart grids, and factory automation. This lifted gross margin to 21% and is expected to drive further margin expansion and revenue growth through 2026, pushing the stock up.
Shows a core, recurring demand driver behind Vishay's earnings growth and margin improvement.
▲
Auto market share gains accelerate Vishay is winning multi-source design deals and became the top resistor supplier for several EV launches. Automotive revenue rose 2.7% sequentially, and its 3.0 strategy is expanding its role in EV drivetrains, ADAS, and battery management, supporting future growth.
Highlights a key competitive win that expands Vishay's addressable market and revenue base.
▲
Analyst upgrade and estimate hikes Vishay was upgraded to Zacks Rank #1 (Strong Buy) after earnings estimates jumped 25% for the current quarter and 17.7% for the full year. This signals improving profitability and attracts investor attention, pushing the stock higher.
Directly reflects rising analyst confidence, a key catalyst for stock price appreciation.
▼
Memory slowdown rattles AI-chip stocks A report that SK Hynix is slowing HBM expansion triggered a broad AI-chip sell-off, sending Vishay down 8.2% in a day. The move appears to be profit-taking and a margin shift at SK Hynix, not a drop in end-demand, so the impact may be temporary.
Represents the main counterweight this period, showing a real risk that briefly pressured the stock.
Latest
▼3▲1
Vishay's AI-Driven Demand Surges, But Tariffs and Competition Weigh
▲
Q2 Revenue Beat and Strong Guidance Vishay's Q2 adjusted revenue hit $919 million, beating guidance, with book-to-bill of 1.32 and backlog up 18% to $1.9 billion. Q3 guidance of $945–$975 million is above expectations, driven by AI, industrial, and automotive demand. This signals accelerating growth and supports a higher stock price.
This is the core positive fundamental driver showing demand strength and future growth.
▼
New US Tariffs on Chip Supply Chain The US imposed 10–12.5% tariffs on imports from key semiconductor trading partners like the EU, Japan, South Korea, and Taiwan. This raises costs for Vishay's imported materials and components, likely compressing margins and hurting profits, which pushes the stock down.
Tariffs directly increase costs and threaten margins, a major negative force on the stock.
▼
China Competition and AI Demand Doubts A broad semiconductor selloff hit Vishay and peers as investors worried about rising competition from Chinese chipmakers like ChangXin Memory and questioned whether AI demand can last. This fear of oversupply and pricing pressure dragged the stock down 9–11% in late July.
This highlights a key risk factor that caused a sharp price drop and remains a concern.
▼
Q2 GAAP Revenue Miss and Stock Decline Vishay's reported Q2 revenue of $888.6 million rose 16.6% but missed analyst estimates by 1.8%. The stock has fallen 16% since the report, trading at $32.64, even though adjusted results beat. This shows investor disappointment with the headline miss.
The revenue miss and subsequent stock drop are a direct negative price driver.
Q3 2026
▲2▼2
Vishay's strong demand offset by dilution and tariff worries
▲
Demand and backlog surge Revenue rose 17.3% to $839M early in the period, then Q2 adjusted revenue hit $919M, beating guidance. Backlog jumped 18% to $1.9B, and Q3 guidance of $945–975M topped expectations, driven by AI, industrial, and automotive demand.
This shows the core business is growing faster than expected, a key positive for the stock.
▲
Margin improvement and fab milestone Gross margin improved to 21%, and the Newport fab reached gross-profit neutrality. Zacks named Vishay a top pick, highlighting improving profitability and operational efficiency.
Margin gains and a key fab turning profitable signal better cost control and future earnings potential.
▼
Dilution from share offering and convertibles A $750M share offering diluted investors, sending the stock down 7%. Convertible notes triggered fresh dilution fears, causing an 8.6% drop. These moves increased share count and worried existing holders.
Dilution directly reduces earnings per share and investor ownership, a major drag on the stock.
▼
Tariffs and competitive pressures New US tariffs of 10–12.5% on semiconductor imports threaten margins. Chinese competition and doubts about AI demand sparked a selloff. Q2 GAAP revenue of $888.6M missed estimates by 1.8%, leaving the stock down 16% to $32.64.
Tariffs raise costs, competition pressures pricing, and the revenue miss shows execution risk, all weighing on the stock.
Vishay Intertechnology reported second-quarter revenues of $888.6 million, up 16.6% year on year, falling short of analysts' expectations by 1.8% even as it beat EPS and operating income estimates. CEO Joel Smejkel said the quarter delivered 9.5% sequential growth to adjusted revenue of $919 million, exceeding the top end of the company's revenue guidance on strengthening demand across all end markets, channels and regions. The stock is down 16% since reporting and currently trades at $32.64. Across the 14 analog semiconductors stocks tracked, group revenues beat consensus estimates by 1.8% while next quarter's revenue guidance came in 4.9% above, and share prices have held steady, up 2.2% on average since the latest earnings results. Monolithic Power Systems posted the group's best quarter with revenues of $980.6 million, up 47.6% year on year and 8.6% above expectations, while Himax had the slowest, with revenues of $227.4 million, up 5.9% and 2% above estimates.
VSH · Capital · Negative Vishay's Q2 revenue of $888.6 million rose 16.6% but missed analyst estimates by 1.8%, and the stock is down 16% since reporting.
MPWR · Capital · Positive Monolithic Power Systems posted the group's best quarter with revenues up 47.6% year on year and 8.6% above expectations.
HIMX · Capital · Neutral Himax had the group's slowest quarter with revenues of $227.4 million, up 5.9% and 2% above estimates.
Vishay Launches Four 650 V Superjunction MOSFET Power Modules in SOT-227 Package
Vishay Intertechnology introduced four new power modules featuring 650 V superjunction MOSFETs in the industry-standard SOT-227 package. The Vishay Semiconductors VS-FC50SA65, VS-FC100SA65, VS-FC150SA65, and VS-FC50LA65 are designed to deliver an optimized balance between conduction and switching losses for high efficiency power conversion in industrial applications. Three of the devices are in a single-switch configuration with nominal current ratings of 50 A, 100 A, and 150 A, while the fourth is a 50 A device in a low side chopper configuration that integrates a 650 V SiC diode. All four leverage the latest 650 V superjunction MOSFET technology to achieve a competitive tradeoff between on-resistance and gate charge, and they operate over a temperature range of -55 °C to +150 °C. The SOT-227 package provides a drop-in replacement for competing solutions, lowering costs by eliminating the need for PCB redesigns, and sample and production quantities are available now with lead times of 12 weeks.
VSH · Technology · Positive Vishay launched four new 650 V superjunction MOSFET power modules in the SOT-227 package for high-efficiency industrial power conversion.
Vishay Intertechnology declared a quarterly dividend of $0.10 per share, in line with its previous payout. The dividend is payable on September 24 to shareholders of record on September 10, with the ex-dividend date also set for September 10. Based on the current share price, the forward yield is 1.19%.
Vishay Q2 2026 adjusted revenue rises 20.5% to $919 million
Vishay Intertechnology reported second quarter 2026 adjusted revenue of $919 million, exceeding the top end of its guidance and up 20.5% year over year. Gross margin came in at 22.6% on an adjusted basis, ahead of guidance, while adjusted earnings per share reached $0.19 compared with a loss of $0.07 a year earlier. The company said book-to-bill was 1.32 for the quarter, with total backlog growing 18% to $1.9 billion, or 6.1 months. For the third quarter, Vishay guided revenue between $945 million and $975 million and gross margin of 24.0% plus or minus 50 basis points, a quarter earlier than its prior target. Management attributed the strength to the Vishay 3.0 strategy, price increases, and accelerating demand across industrial, AI, aerospace and defense, and automotive end markets.
Vishay Intertechnology reported second-quarter adjusted revenue of $919 million, exceeding the high end of its guidance range. Adjusted earnings per share rose to $0.19 from a loss of $0.07 a year earlier, while the book-to-bill ratio reached 1.32 and backlog increased 18% to $1.9 billion. The company expects third-quarter revenue between $945 million and $975 million with a gross margin near 24%, and is investing heavily in its German 12-inch wafer fab and additional capacity to support AI-related demand.
Vishay Intertechnology Could Be 1% Overvalued Ahead of Q2 2026 Earnings
Vishay Intertechnology may be about 1% overvalued relative to a fair value estimate of $34 as investors look ahead to its second quarter 2026 earnings report. The stock recently traded at $34.22, down 33.18% over the past 30 days and 10.44% over the past week, though it remains up 123.81% year to date. The most followed narrative pegs fair value at $34, framing the pullback as a modest premium, while another view notes the price-to-sales ratio of 1.6x sits below the US Electronic industry average of 2.6x and a peer average of 3.8x, suggesting potential upside. The company is nearing completion of major capacity expansion investments and is positioned to benefit from demand in AI, smart grid infrastructure, data centers, and automotive electrification, though heavy spending may keep cash flow under strain if demand softens.
Semiconductor stocks slide on China competition and AI demand doubts
Semiconductor stocks fell sharply amid a global sell-off driven by concerns over increased competition from China and doubts about the sustainability of AI-related demand. Amkor led the decline, falling nearly 24% after its third-quarter revenue guidance missed analyst expectations, while Vishay Intertechnology, FormFactor, Penguin Solutions, and Micron dropped roughly 9% to 11%. Kulicke and Soffa fell 7.8%, Applied Materials fell 7.1%, AMD fell 7.2%, Intel fell 5.3%, and KLA Corporation fell 5.1%. The rout extended to Asian peers SK Hynix and Samsung, which dropped over 13%, as reports of China's progress in advanced chip manufacturing and the strong debut of Chinese competitor ChangXin Memory Technologies fueled fears of oversupply and pricing pressure.
US Chip Stocks Fall on New Tariffs Targeting Semiconductor Supply Chain
Shares of Micron, onsemi, Seagate, Western Digital, and Vishay Intertechnology fell in morning trading after the U.S. government announced new tariffs of 10% to 12.5% on 60 trading partners over forced labor concerns. The targeted nations include the European Union, Japan, South Korea, and Taiwan, which are fundamental pillars of the global semiconductor supply chain. Because many U.S. chipmakers rely on imported specialty chemicals, raw silicon wafers, fabrication equipment, and overseas assembly and test facilities, finished chips imported back into the U.S. could now face double-digit taxes under the new Section 301 tariffs. Investors are pricing in long-term margin compression across the U.S. hardware and semiconductor space, triggering a broad sell-off that amplified a global rout which began overnight with Asian chip heavyweights Samsung and SK Hynix. Micron fell 5.3%, onsemi fell 3.9%, Seagate fell 3.1%, Western Digital fell 4.5%, and Vishay Intertechnology fell 3.4%.
Western Digital and Vishay Intertechnology Stocks Drop Over 8% Amid Semiconductor Selloff
Western Digital and Vishay Intertechnology shares fell sharply in afternoon trading, dropping 8.8% and 8.5% respectively, as a semiconductor sector selloff intensified following TSMC's capital expenditure reset. TSMC raised its full-year 2026 revenue growth outlook to slightly above 40% but increased capital expenditure guidance to $60–$64 billion, up from a prior ceiling of $56 billion, while warning that overseas expansion and 2-nanometer ramp costs would dilute gross margins. The news compounded a selloff that began with ASML the day before, as investors shifted focus from robust AI-driven revenue to the heavy cash costs of scaling leading-edge manufacturing capacity. Memory stocks faced additional pressure after a South Korean brokerage lowered its second-quarter earnings forecast for SK Hynix, projecting operating profit of 60.4 trillion won, roughly 8% below consensus, due to the company's reliance on fixed-price long-term contracts for high-bandwidth memory chips that prevented it from benefiting from spot market price surges. Western Digital remains up 144% year-to-date but is trading 29.7% below its 52-week high of $651.88 from June 2026.
Vishay Intertechnology has launched the VOMHA43A, an automotive-grade 1 MBd high-speed optocoupler in a compact 3.6 mm SOP-5 package. The AEC-Q102-qualified device offers a minimum common-mode transient immunity of 40 kV per microsecond and an isolation voltage of 707 Vpeak, meeting requirements for 400 V EV battery systems. It is optimized for isolated data communication and signal switching, providing robust protection for CAN, LIN, I²C, and SPI interfaces in automotive and industrial applications. The optocoupler operates between minus 40 and plus 125 degrees Celsius and serves as a pin-to-pin compatible replacement for existing market parts. Samples and production units are available now.
Zacks highlights five top-ranked semiconductor stocks for July 2026
Zacks Investment Research featured five semiconductor stocks as top picks for July 2026, citing strong AI-driven demand and favorable growth metrics. The highlighted companies are Microchip Technology, Semtech, Texas Instruments, Amtech Systems, and Vishay Intertechnology, each carrying a Zacks Rank of 1 (Strong Buy) or 2 (Buy) and a Growth Score of A or B. Global semiconductor sales reached a record 120.6 billion dollars in May 2026, up 104.1 percent year over year, marking the fifteenth consecutive month of growth. The report notes that AI infrastructure spending is benefiting firms across compute, networking, memory, advanced packaging, and power management segments. Specific growth drivers include Microchip Technology's PCIe Gen6 switches, Semtech's 800G and 1.6T connectivity products, Texas Instruments' analog and power management chips, Vishay Intertechnology's power components, and Amtech Systems' advanced packaging equipment.
Vishay Intertechnology Falls 8.6% as Convertible Notes Trigger Dilution Fears
Vishay Intertechnology shares dropped 8.62 percent on Tuesday to close at $42.19 as investors reacted to the potential share dilution from its 2.25 percent convertible senior notes due 2030. Holders of the notes became eligible to convert their holdings into cash, shares, or a combination of both starting Sunday, July 5, with the conversion window open until October 3, 2026. The conversion was triggered after the stock price exceeded 130 percent of the conversion price for at least 20 trading days within a 30-day period. The notes convert at a rate of 33.1609 shares per $1,000 principal amount, equivalent to a conversion price of approximately $30.16 per share, offering noteholders a roughly 40 percent premium based on current trading levels. Separately, the company introduced new power chips designed to improve reliability in noisy electrical environments by preventing accidental switching.
Vishay Intertechnology Announces Conversion Period for 2.25% Convertible Senior Notes due 2030
Vishay Intertechnology has notified holders of its 2.25% convertible senior notes due 2030 that the notes are convertible at the option of holders beginning July 5, 2026 and ending at the close of business on October 3, 2026. The conversion was triggered because Vishay's common stock price exceeded 130% of the conversion price for at least 20 trading days in the 30-day period ending July 4, 2026. The notes are convertible at a rate of 33.1609 shares per $1,000 principal amount, equivalent to a conversion price of approximately $30.16 per share. Vishay may settle conversions in cash, shares of common stock, or a combination thereof. Holders can obtain the conversion notice from HSBC Bank USA, National Association, the conversion agent.
VSH · Capital · Neutral Conversion triggered by stock price exceeding threshold; impact depends on settlement method and dilution, but no clear positive or negative signal.
Vishay Intertechnology Introduces 34 PHE Multi-Turn Absolute Position Sensor at 40% Lower Cost
Vishay Intertechnology has introduced the 34 PHE, a new multi-turn absolute position sensor that delivers high accuracy and stability at a 40% lower cost than previous-generation devices. The sensor uses non-contacting Hall Effect technology to provide linearity down to ±1% full stroke, resolution of 1°, and a lifespan exceeding 10 million cycles in a 7/8 inch diameter body. It offers linear or rotary displacement tracking across 10 turns with a total electrical angle of 3600°, and is designed for servo loop motion control in industrial motor and actuator tracking, solar panel tracking, flow control valves, and throttle and pedal position sensors for agricultural machinery, railway equipment, and ships. The device features IP65 sealing, withstands vibrations up to 20 g and shocks up to 50 g, and includes integrated reverse voltage and overvoltage input protections. It is configurable with single or dual analog ratiometric or digital PWM outputs, with dual outputs providing built-in fault detection for enhanced safety and functional compliance. As a true power-on device, it reports position immediately without recalibration after power loss, eliminating the need for a battery backup. Samples and production quantities are available now with lead times of 14 weeks.
Vishay Intertechnology no longer looks cheap after 251.7% surge, DCF suggests fair value near $52
Vishay Intertechnology stock has surged 251.7% year to date, and a Discounted Cash Flow model now estimates intrinsic value at about $52.04 per share, roughly 3.3% above the current market price. The planned US$750 million equity raise at $50 per share helps explain why the market price is close to the modelled value, as investors weigh future growth projects against dilution. On a price-to-sales basis, the stock trades at 2.3 times, above a tailored fair multiple of 2.0 times, indicating the market is paying a premium relative to fundamentals. With broader valuation checks scoring 2 out of 6, the stock currently leans expensive rather than a clear bargain, and the burden of proof now sits with future execution to turn growth expectations into durable cash generation.
VSH · Capital · Negative DCF model suggests fair value near $52, only 3.3% above current price, and equity raise dilutes shareholders; stock is no longer cheap.
Vishay Intertechnology Stock Falls 7.3% After $750 Million Discounted Share Offering
Vishay Intertechnology shares dropped 7.3% after the semiconductor manufacturer announced a $750 million common stock offering priced at a discount. The offering consists of 15 million shares at $50 each, well below the prior close near $56, diluting existing shareholders. Vishay plans to use the net proceeds for growth initiatives and general corporate purposes, including debt reduction. Underwriters have a 30-day option to purchase up to an additional $112.5 million in shares.
Analog semiconductor stocks post strong Q1, Universal Display lags
The 15 analog semiconductor stocks tracked by this publication reported a strong first quarter, with aggregate revenues beating analyst consensus estimates by 1.5% and next-quarter revenue guidance coming in 5.7% above expectations. Universal Display was the weakest performer, with revenue falling 14.5% year-on-year to $142.2 million, missing estimates by 11%, and its full-year revenue guidance also fell short. Texas Instruments led the group, reporting revenue of $4.83 billion, up 18.6% year-on-year and beating estimates by 6.6%, while also exceeding EPS and operating income forecasts. Other notable results included Monolithic Power Systems with revenue of $804.2 million, up 26.1% and beating estimates by 2.8%, and Vishay Intertechnology with revenue of $839.2 million, up 17.3% and topping estimates by 1.4%. Sensata Technologies reported revenue of $934.8 million, up 2.6% and exceeding estimates by 0.8%, but provided the weakest guidance update among peers. Share prices of the group have been resilient, rising 7.4% on average since the latest earnings results.
Vishay Intertechnology Introduces Six New SMD Polymer PTC Thermistor Series
Vishay Intertechnology has extended its overcurrent protection portfolio with six new surface-mount polymer positive temperature coefficient thermistor series. The PPTC0603E3, PPTC0805E3, PPTC1206E3, PPTC1210E3, PPTC1812E3, and PPTC2920E3 series provide resettable overcurrent protection in low voltage circuits for computer USB-C ports, power over Ethernet applications, battery-powered industrial tools, consumer devices, industrial automation, and home automation heating controls. They combine high holding current up to 5.0 A with fast trip times down to 50 ms, while low resistance down to 5 mΩ reduces voltage drop and improves efficiency. The devices are offered in six compact case sizes from 0603 to 2920, with low heights ranging from 0.3 mm to 2 mm. Samples and production quantities are available now, with lead times of 12 weeks.
Vishay's Capacity Expansion Nears Profit Inflection as Margins Improve
Vishay Intertechnology's aggressive capacity expansion is beginning to translate into profit growth, with first-quarter 2026 revenue rising 17.3% year over year to $839 million and gross margin improving to 21%. The company's Newport semiconductor facility achieved gross-profit neutrality during the quarter, while it spent $87 million on its new 12-inch fab in Germany, which accounts for nearly half of the full-year $400–$440 million capital expenditure plan. Management expects stronger order momentum to absorb new capacity, citing a 1.34 book-to-bill ratio and a 21% increase in backlog to $1.6 billion, and guided for second-quarter gross margin of approximately 22%. Vishay reaffirmed its long-term gross margin target of roughly 31%, but cautioned that a demand slowdown could prolong margin pressure from under-absorption costs.
Vishay Intertechnology Announces Proposed $750 Million Common Stock Offering
Vishay Intertechnology has commenced an underwritten public offering of $750 million of shares of its common stock. The company expects to grant the underwriters a 30-day option to purchase up to an additional $112.5 million of shares. Vishay intends to use the net proceeds to accelerate growth initiatives and for general corporate purposes, including reducing borrowings under its senior secured credit facility. J.P. Morgan is acting as lead book-running manager, with Needham & Company, Oppenheimer & Co., Raymond James, TD Cowen and Truist Securities as book-running managers, and Fifth Third Securities, MUFG, Santander and UniCredit as co-managers. The offering is subject to market and other conditions, and there can be no assurance as to its completion or final terms.
Vishay vs. ON Semiconductor: Which Auto Chip Stock Has More Upside?
Vishay Intertechnology and ON Semiconductor are both benefiting from automotive electrification and AI infrastructure spending, but Vishay's aggressive transformation strategy is giving it a stronger growth narrative. Vishay's first-quarter 2026 revenues rose 17.3% year over year to $839 million, with a book-to-bill ratio of 1.34 and backlog up 21% to $1.6 billion, driven by market share gains in automotive and industrial markets. ON Semiconductor's first-quarter revenues improved 5% to $1.51 billion, with gross margin rising to 38.5%, and it holds roughly 55% share of silicon carbide solutions in new EV models at the 2026 Beijing Auto Show. While both stocks have surged in 2026, with VSH gaining 313.5% compared with ON's 119.3%, Vishay's accelerating momentum and expanding competitive position make it the more compelling auto semiconductor stock, despite its higher forward P/E of 52.79 versus ON's 32.06.
Electrification & Mobility › EV Power Semiconductors (SiC / IGBT) ▲Demand
Semiconductors › Analog, Power & Discrete Competition
VSH · Demand · Positive Vishay's first-quarter 2026 revenues rose 17.3% year over year to $839 million, with a book-to-bill ratio of 1.34 and backlog up 21% to $1.6 billion, driven by market share gains in automotive and industrial markets, indicating strong demand.
ON · Demand · Positive ON Semiconductor's first-quarter revenues improved 5% to $1.51 billion, with gross margin rising to 38.5%, and it holds roughly 55% share of silicon carbide solutions in new EV models at the 2026 Beijing Auto Show, indicating strong demand in automotive electrification.
Vishay gains automotive market share as EV programs accelerate
Vishay Intertechnology is strengthening its position in the automotive semiconductor market, reporting 2.7% sequential revenue growth in the first quarter of 2026 driven by solid OEM demand in the Americas and Europe. Management confirmed the company is benefiting from share gains through multi-source design wins, particularly as automotive OEMs seek supply diversification, and disclosed that Vishay has become the leading resistor supplier for multiple OEMs launching new EV platforms. The company is expanding its role in high-growth automotive electronics categories including hybrid and EV drivetrains, ADAS, battery management systems, electronic power steering, and smart cockpit technologies. Vishay's 3.0 transformation strategy, centered on capacity expansion, customer proximity, and increased engineering support, is helping it win new automotive programs. Shares of Vishay have surged 283.7% year-to-date, and the Zacks Consensus Estimate for fiscal 2026 earnings implies a 1600% improvement from the prior year.
VSH · Demand · Positive Vishay gains automotive market share through multi-source design wins and becomes leading resistor supplier for multiple OEMs launching new EV platforms, driving revenue growth.
Vishay, Amtech, and FormFactor shares fall as SK Hynix HBM slowdown rattles AI-chip stocks
Shares of Vishay Intertechnology, Amtech, and FormFactor fell sharply after a report that South Korea's SK Hynix is slowing its high-bandwidth memory expansion triggered a broad sell-off in AI-chip stocks. Vishay Intertechnology dropped 8.2%, Amtech fell 8.4%, and FormFactor declined 8.4% in the afternoon session. The selling began in Asia, where SK Hynix and Samsung each dropped more than 12%, dragging the KOSPI down about 10% and triggering a 20-minute market-wide circuit breaker, then spread to Europe and the U.S., with the Philadelphia Semiconductor Index opening down roughly 7%. Analysts noted that SK Hynix is deliberately slowing its HBM4 ramp to redirect capacity into conventional DRAM, where shortages have pushed operating margins more than 15 points above HBM's, suggesting the move is a margin story rather than a demand story. The broader decline was also attributed to profit-taking after a parabolic run in memory stocks, with Micron falling about 11% while logic-heavy Nvidia fell only about 3.6%.
Semiconductors › Process Control — Metrology & Inspection ▼Demand
Semiconductors › Deposition, Etch & Process Tools ▼Demand
000660.KO · Supply · Negative SK Hynix is slowing its HBM4 expansion to redirect capacity to conventional DRAM, which is a supply-side decision affecting its own output.
005930.KO · Supply · Negative Samsung dropped over 12% as part of the broad sell-off triggered by SK Hynix's HBM slowdown, indicating negative sentiment for memory makers.
MU · Capital · Negative SK Hynix slowing HBM4 ramp to redirect capacity to conventional DRAM for higher margins; Micron falls ~11% as memory stock.
ASYS · Demand · Negative SK Hynix HBM slowdown triggers broad AI-chip sell-off; Amtech falls 8.4% as supplier to memory makers.
FORM · Demand · Negative SK Hynix HBM slowdown triggers broad AI-chip sell-off; FormFactor falls 8.4% as supplier to memory makers.
VSH · Demand · Negative SK Hynix HBM slowdown triggers broad AI-chip sell-off; Vishay drops 8.2% as supplier to memory makers.
Vishay Intertechnology Launches Automotive Grade Ambient Light Sensors with No IR Bump
Vishay Intertechnology has expanded its optoelectronics portfolio with two new Automotive Grade PIN photodiode ambient light sensors, the VEMD4210FX02 and VEMD5525FX02. AEC-Q102 qualified, the devices feature spectral sensitivity closely matched to the human eye response with a peak wavelength of 530 nm and no infrared bump, ensuring precise visible light measurement without unwanted IR influence. The sensors are designed for automotive applications such as automatic light control in center information displays, head-up displays, and rain light tunnel systems, as well as backlight dimming in industrial equipment. The VEMD4210FX02 comes in a compact 0805 package with a radiant sensitive area of 0.42 mm², while the VEMD5525FX02 offers enhanced sensitivity in a top-view QFN package with a 7.5 mm² radiant sensitive area. Both parts feature wettable flanks for optical solder joint inspection and operate over a temperature range of -40 °C to +110 °C.
Zacks highlights Murphy USA, DaVita, Hewlett Packard, and Vishay as stocks near 52-week highs with further upside
Zacks.com featured Murphy USA, DaVita, Hewlett Packard, and Vishay Intertechnology as stocks trading near 52-week highs that still have room to rise. Murphy USA reported strengthening fuel contribution and merchandise growth, raised its dividend 28% to 64 cents per share, and priced $500 million in senior notes to refinance debt. DaVita raised full-year guidance to adjusted operating income of $2.15 to $2.25 billion and adjusted EPS of $14.1 to $15.2, while repurchasing 5 million shares through early May. Hewlett Packard completed its H3C divestiture for roughly $1.36 billion, posted record second-quarter revenues, and raised full-year guidance across revenues, EPS, and free cash flow. Vishay Intertechnology posted first-quarter revenues of $839.2 million with a 1.34 book-to-bill ratio, guided second-quarter revenues to $875 to $905 million, and introduced new products targeting EVs, solar inverters, and aerospace.
Vishay Intertechnology Upgraded to Zacks Rank 1 on Strong Estimate Revisions
Vishay Intertechnology has been upgraded to a Zacks Rank #1, or Strong Buy, following a significant upward revision in earnings estimates. The consensus estimate for the current quarter has risen 25% over the last 30 days to $0.15 per share, representing a year-over-year increase of 314.3%. For the full year, the consensus estimate has climbed 17.71% to $0.75 per share, a 1,600% jump from the prior year. The stock has already gained 53.9% over the past four weeks, and analysts see further upside potential.
VSH · Capital · Positive Upgraded to Zacks Rank 1 (Strong Buy) on strong upward estimate revisions; consensus EPS for current quarter up 25% and full year up 17.71%.
Vishay Intertechnology Stock Could Be 91% Overvalued After New Power Product Launches
Vishay Intertechnology's stock may be 91% overvalued following the launch of new high voltage inductors and expanded Gen 7 rectifiers for electric vehicles, renewable energy, and industrial power equipment. The shares closed at $64.90, far above a widely followed fair value estimate of $34.00, even as the company benefits from strong price momentum with a 30-day return of 75.22% and a year-to-date return of 324.46%. The $34.00 fair value is driven by assumptions of faster revenue growth, a sharp profitability turnaround, and a lower future earnings multiple, not the recent share price spike. Execution risks remain if heavy capacity spending pressures free cash flow or manufacturing efficiency gains take longer than expected.
Electrification & Mobility › EV Power Semiconductors (SiC / IGBT) Technology
Energy Transition & Power Demand › Grid, Transmission & Power Equipment Supply
Energy Transition & Power Demand › Solar Supply
VSH · Capital · Negative Stock is 91% overvalued per fair value estimate of $34, with execution risks on capacity spending and manufacturing efficiency.
StockStory names three semiconductor stocks it is skeptical of
StockStory expressed skepticism toward three semiconductor stocks, citing weakening fundamentals. Texas Instruments, with a $270.4 billion market cap, saw annual sales growth of just 3.6% over five years and a 15.3 percentage point drop in operating margin. Vishay Intertechnology, valued at $7.98 billion, posted annual sales declines of 1.3% over two years and a 51.9% annual drop in earnings per share over five years. Photronics, a $1.81 billion company, experienced a 1.4% annual sales decline over two years and faces soft estimated growth of 1.8% for the next 12 months.
PLAB · Demand · Negative StockStory cites weakening fundamentals, including 1.4% annual sales decline and soft estimated growth of 1.8%.
TXN · Demand · Negative StockStory cites weakening fundamentals, including 3.6% annual sales growth and 15.3 percentage point drop in operating margin.
VSH · Demand · Negative StockStory cites weakening fundamentals, including 1.3% annual sales decline and 51.9% annual drop in EPS.
Vishay Launches High-Voltage Inductors and Rectifiers Targeting EV and AI Power Markets
Vishay Intertechnology introduced new high-voltage IHDV inductors, expanded its Gen 7 Hyperfast rectifier lineup, and broadened its ILHB Automotive Grade ferrite bead range in mid-June 2026. The 1.5 kV IHDV inductors target on-board chargers, power factor correction, and high-voltage DC battery filtering in industrial power and electric vehicle applications. These product launches align with Vishay's heavy capacity buildout and aim to support higher-value power components that could gradually lift gross margins over time. However, the company still faces near-term tension between rising capital spending and modest profitability, with its own narrative projecting $4.8 billion in revenue and $659.1 million in earnings by 2029, requiring 14.3% annual revenue growth from a base of just $2.3 million in current earnings.
Western Digital, FormFactor, and Vishay Intertechnology Shares Surge on Intel-Apple Chip Deal
Shares of Western Digital, FormFactor, and Vishay Intertechnology surged in afternoon trading after President Trump announced Apple had agreed to design and manufacture chips with Intel in the United States. Western Digital jumped 7.2%, FormFactor gained 6.4%, and Vishay Intertechnology soared 9.5%. The Intel-Apple deal served as a direct catalyst for Intel and lifted sentiment across the semiconductor industry, while Micron added 7 to 8 percent following a wave of analyst price target hikes from Stifel, Wedbush, Deutsche Bank, and TD Cowen. The macro backdrop also provided support as the US and Iran released the text of a signed interim agreement extending the April ceasefire by 60 days, easing oil prices and relieving inflation pressure that had weighed on high-multiple sectors.
Semiconductors › Process Control — Metrology & Inspection Competition
Semiconductors › Analog, Power & Discrete Competition
INTC · Demand · Positive Intel is the direct beneficiary of the deal to design and manufacture chips for Apple in the US.
MU · Capital · Positive Micron shares rose following analyst price target hikes from multiple firms.
FORM · Demand · Positive FormFactor surged as a beneficiary of the Intel-Apple chip deal, likely due to increased demand for semiconductor testing equipment.
VSH · Demand · Positive Vishay Intertechnology surged as a beneficiary of the Intel-Apple chip deal, likely due to increased demand for its components.
AAPL · Demand · Positive Apple's chip deal with Intel may increase demand for its own products, but the article focuses on Intel as the manufacturer.
WDC · Demand · Positive Intel-Apple chip deal lifts sentiment across semiconductor industry, benefiting Western Digital as a supplier.
Vishay Intertechnology releases 1.5 kV automotive and commercial IHDV inductors in compact sizes
Vishay Intertechnology introduced the first four devices in its new IHDV line of high voltage power inductors, targeting next-generation automotive, energy, and industrial systems with 1.5 kV isolation voltages. The lineup includes two Automotive Grade models, IHDV-0808AC-3A and IHDV-1008BB-3A, and two commercial versions, IHDV-0808AC-30 and IHDV-1008BB-30, all featuring continuous high temperature operation to 180 °C and soft saturation performance. The 0808 case size measures 20 mm x 14 mm x 14 mm, roughly one-third the volume of the 1008 case size at 25 mm x 20 mm x 23 mm, and the larger models use through-hole terminations for maximum mechanical strength. Enabled by a powdered iron alloy core and a PET plastic coilform insulator, the inductors deliver significantly higher impedance than similarly sized iron composite inductors, with the 0808 models providing 1 kΩ at 80 MHz and the 1008 models providing 2.8 kΩ at 25 MHz. Samples and production quantities are available now with lead times of 12 weeks.
Analog semiconductor stocks post strong Q1, Texas Instruments leads with 18.6% revenue growth
The 15 analog semiconductor stocks tracked by StockStory reported a strong first quarter, with aggregate revenues beating analyst consensus estimates by 1.5% and next-quarter revenue guidance coming in line. Texas Instruments delivered the best performance, reporting revenues of $4.83 billion, up 18.6% year over year and exceeding expectations by 6.6%, while Universal Display was the weakest, with revenues of $142.2 million, down 14.5% year over year and missing estimates by 11%. Skyworks Solutions reported revenues of $943.7 million, flat year over year but beating estimates by 4.6%, though its stock fell 1.1% since the release. Other notable performers included Vishay Intertechnology, which posted revenues of $839.2 million, up 17.3% year over year, and Power Integrations, with revenues of $108.3 million, up 2.6% year over year. Share prices across the group have risen 17.1% on average since the latest earnings results.
OLED · Demand · Negative Universal Display reported revenues down 14.5% year over year and missed estimates by 11%, indicating weak end-customer demand.
TXN · Demand · Positive Texas Instruments reported revenues up 18.6% year over year, exceeding expectations by 6.6%, indicating strong demand.
POWI · Demand · Positive Power Integrations reported revenues up 2.6% year over year, showing modest demand growth.
SWKS · Demand · Neutral Skyworks Solutions reported revenues flat year over year but beat estimates by 4.6%; stock fell 1.1% since release, mixed signals.
VSH · Demand · Positive Vishay Intertechnology reported revenues up 17.3% year over year, indicating strong demand.
Vishay Intertechnology's Industrial Segment Drives Strong Growth Outlook for 2026
Vishay Intertechnology's industrial segment is emerging as its most important growth engine, with industrial power revenues increasing 6.5% sequentially in the first quarter of 2026, marking the fifth consecutive quarter of growth. Management highlighted that accelerating investments in electrical power transmission, renewable energy systems, smart metering, factory automation, and AI-related infrastructure are driving demand for semiconductors and passive components. In North America, customers are ramping production for AI infrastructure build-outs, while Europe contributed exceptionally strong orders from smart-grid customers, including two new smart-grid development projects in the United Kingdom. Higher volumes helped lift companywide gross margin to 21%, and industrial demand is expected to be a core driver of margin expansion and sustained revenue acceleration throughout 2026.
USA