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Form 8-K

sec.gov

8-K — VISHAY INTERTECHNOLOGY INC

Accession: 0000103730-26-000064

Filed: 2026-08-05

Period: 2026-08-05

CIK: 0000103730

SIC: 3670 (ELECTRONIC COMPONENTS & ACCESSORIES)

Item: Results of Operations and Financial Condition

Item: Regulation FD Disclosure

Item: Financial Statements and Exhibits

Documents

8-K — vsh-20260805.htm (Primary)

EX-99.1 — EXHIBIT 99.1 (exhibit99-1.htm)

XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K — CURRENT REPORT

8-K (Primary)

Filename: vsh-20260805.htm · Sequence: 1

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934

Date of Report (date of earliest event reported) August 5, 2026

Vishay Intertechnology, Inc.

(Exact name of registrant as specified in its charter)

Delaware

1-7416

38-1686453

(State or Other Jurisdiction of Incorporation)

(Commission File Number)

(I.R.S. Employer Identification Number)

63 Lancaster Avenue

Malvern, PA

19355-2143

(Address of Principal Executive Offices)

Zip Code

Registrant's telephone number, including area code    610-644-1300

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934

(§240.12b-2 of this chapter).

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to

Section 13(a) of the Exchange Act. ☐

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading symbol

Name of exchange on which registered

Common stock, par value $0.10 per share

VSH

New York Stock Exchange

1

Item 2.02 – Results of

Operations and Financial Condition

On

August 5, 2026, Vishay Intertechnology, Inc. ("the Company") issued

a press release announcing its financial results for the fiscal quarter and

six fiscal months ended July 4, 2026.  A copy of the press release is

attached as Exhibit 99.1 to this report.

Item 7.01 – Regulation FD

Disclosure

Computational Guidance on

Earnings Per Share Estimates

The

Company frequently receives questions from analysts and stockholders regarding

its diluted earnings per share ("EPS") computation.  The

information furnished in this Form 8-K provides additional information on the

impact of key variables on the EPS computation, particularly as they relate to

the third fiscal quarter of 2026.

Accounting

principles require that EPS be computed based on the weighted average shares

outstanding ("basic"), and also assuming the issuance of potentially

issuable shares (such as those subject to equity awards and convertible debt)

if those potentially issuable shares would reduce EPS ("diluted").

The

number of shares related to equity awards included in diluted EPS is based on

the "Treasury Stock Method" prescribed in Financial Accounting

Standards Board ("FASB") ASC Topic 260, Earnings Per Share

("FASB ASC Topic 260").  This method assumes a theoretical

repurchase of shares using the unrecognized compensation expense and any other

proceeds at a price equal to the issuer's average stock price during the

related earnings period.   Accordingly, the number of shares

includable in the calculation of diluted EPS in respect of equity awards is

dependent on this average stock price and will increase as the average stock

price increases.  This method is also utilized for net share settlement

debt.

The

number of shares includable in the calculation of diluted EPS in respect of

conventional convertible or exchangeable securities is based on the "If

Converted Method" prescribed in FASB ASC Topic 260.  This method

assumes the conversion or exchange of these securities for shares of common

stock.

Pursuant to the indenture governing the senior convertible notes due 2030 (the "2030 Notes"), Vishay is required to pay the principal amount of the senior convertible debt instruments in cash. Vishay, at its option, will settle any additional value in cash, common stock, or a combination of both.

The 2030 Notes will be included in the diluted EPS computation using the "If Converted Method," but with no adjustment for interest expense.

The following estimates of shares expected to be used in the calculation of diluted EPS consider the number of the Company's shares currently outstanding and the Company's convertible securities currently outstanding and their exercise and conversion features currently in effect.  The Company adjusts its calculation for the estimated effect of expected quarterly activity.  The estimates assume no share or convertible debt instrument repurchases during the third fiscal quarter of 2026.  Changes in these parameters or estimates could have a material impact on the calculation of diluted EPS.

2

The following

estimates of shares expected to be used in the calculation of diluted EPS

should be read in conjunction with the information on earnings per share in the

Company's filings on Form 10-Q and Form 10-K.  These estimates are

unaudited and are not necessarily indicative of the shares used in the diluted

EPS computation for any prior period.  The estimates below are not

necessarily indicative of the shares to be used in the quarterly diluted EPS

computation for any period subsequent to the third fiscal quarter of

2026.  The Company assumes no duty to revise these estimates as a result

of changes in the parameters on which they are based or any changes in

accounting principles.  Also, the presentation is not intended as a

forecast of EPS values or share prices of the Company's common stock for any

period.

For the third fiscal quarter of

2026:

The

Company has approximately 153 million shares issued and outstanding, including

shares of common stock and class B common stock.

The

number of shares included in diluted EPS related to restricted stock units

does not vary significantly and is generally less than 5 million incremental

shares.

The

Company's Convertible Senior Notes due 2030 are convertible at a conversion

price of $30.16 per $1,000 principal amount, equivalent to 33.1609 shares per

$1,000 principal amount.  There is $750 million principal amount of

the notes outstanding. The number of shares of common stock that Vishay will

include in its diluted earnings per share computation, assuming an average

market price for Vishay common stock in excess of the conversion price, will

be determined in accordance with the following formula:

S = [$750,000,000 / $1000] * [(P - $30.16) * 33.1609] / P

where

S =

the number of shares to be included in diluted EPS, and

P =

the average market price of Vishay common stock for the quarter.

If

the average market price is less than $30.16, no shares will be included in

the diluted earnings per share computation.

Accordingly, the

following table summarizes the approximate number of shares to be included in

the denominator of the diluted EPS calculation assuming net earnings

attributable to Vishay stockholders for various average stock prices (number

of shares in millions):

Average Stock Price

Projected Diluted Shares

$

<30.16

157

$

35.00

161

$

40.00

164

$

45.00

166

$

50.00

168

$

55.00

169

$

60.00

170

$

65.00

171

Item 9.01 – Financial Statements and Exhibits

(d) Exhibits

Exhibit No.

Description

99.1

Press release dated August 5, 2026.

104

Cover Page Interactive Data File (embedded within the Inline XBRL document).

3

Signature

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on

its behalf by the undersigned hereunto duly authorized.

Date: August 5, 2026

VISHAY INTERTECHNOLOGY, INC.

By:

/s/ David L. Tomlinson

Name:

David L. Tomlinson

Title:

Senior Vice President – Chief Accounting Officer

0000103730

false

0000103730

2026-08-05

2026-08-05

EX-99.1 — EXHIBIT 99.1

EX-99.1

Filename: exhibit99-1.htm · Sequence: 5

Exhibit 99.1

Vishay Intertechnology Reports Second Quarter

2026 Results

Malvern, PA, August 5, 2026 –

Vishay Intertechnology, Inc., (NYSE: VSH), one of the world's largest

manufacturers of discrete semiconductors and passive electronic components,

today announced results for the fiscal second quarter ended July 4, 2026.

Highlights

2Q 2026 GAAP revenues of $888.6 million; adjusted revenues of $918.6 million

GAAP revenues reduced by $30.0 million of tariff refunds passed through to customers, with no impact on gross profit

Gross margin was 23.3%; adjusted gross margin was 22.6%

Operating margin was 6.0%; adjusted operating margin was 5.8%

2Q 2026 diluted EPS of $0.19

2Q 2026 book-to-bill of 1.32 with book-to-bill of 1.23 for semiconductors and 1.40 for passive components

Backlog at quarter end was 6.1 months

“For the second quarter, Vishay delivered 9.5%

sequential growth to adjusted revenue of $919 million, exceeding the top end of

our revenue guidance and representing continued strengthening demand across all

end markets, channels and regions,” said Joel Smejkel, president and CEO. “Executing

as a new company, Vishay 3.0 is focused on supplying our increasing customer

count and taking full advantage of the upcycle, outpacing industry growth, while

laying the foundation to leverage multi-year demand across all end markets for

sustained growth, expanded margins and enhanced stockholder returns.”

3Q 2026 Outlook

For

the third quarter of 2026, management expects revenues in the range of $945 million and $975 million and a gross profit margin in the range of 24.0% +/- 50

basis points.

Conference Call

A conference call to discuss

Vishay’s second quarter financial results is scheduled for

Wednesday, August 5, 2026, at 9:00 a.m.

ET. To participate in the live conference call, please pre-register

here. Upon

registering, you will be emailed a dial-in number, and unique

PIN.

A live audio webcast of the conference call and a

PDF copy of the press release and the quarterly presentation will be accessible

directly from the Investor Relations section of the Vishay website at

http://ir.vishay.com.

There will be a replay of the

conference call available on the Investor Relations website

approximately one hour following the call and will remain

available for 30 days.

1

About Vishay

Vishay

manufactures one of the world’s largest portfolios of discrete semiconductors

and passive electronic components that are essential to innovative designs in

the automotive, industrial, computing, consumer, telecommunications, military,

aerospace, and healthcare markets. Serving customers worldwide, Vishay is The DNA of

tech®.

Vishay

Intertechnology, Inc. is a Fortune 1,000 Company listed on the NYSE (VSH). More

on Vishay at www.Vishay.com.

This press release includes

certain financial measures which are not recognized in accordance with U.S.

generally accepted accounting principles ("GAAP"), including adjusted net earnings; adjusted earnings per share; adjusted net revenues; adjusted gross margin; adjusted operating margin; free

cash; earnings before interest, taxes, depreciation and amortization

("EBITDA"); adjusted EBITDA; and adjusted EBITDA margin; which are considered "non-GAAP

financial measures" under the U.S. Securities and Exchange Commission

rules. These non-GAAP measures supplement our GAAP measures of performance or

liquidity and should not be viewed as an alternative to GAAP measures of

performance or liquidity. Non-GAAP measures such as adjusted net earnings, adjusted earnings per share, adjusted net revenues, adjusted gross margin, adjusted operating margin, free cash, EBITDA, adjusted EBITDA, and adjusted EBITDA margin do not have uniform definitions. These measures, as calculated by

Vishay, may not be comparable to similarly titled measures used by other

companies. Management believes that such measures are meaningful to investors

because they provide insight with respect to intrinsic operating results and financial trends of the

Company. Although the terms "free cash" and "EBITDA" are

not defined in GAAP, the measures are derived using various line items measured

in accordance with GAAP.  Reconciling items to arrive at adjusted net earnings represent significant charges or credits that are important to understanding the Company's intrinsic operations.  Reconciling items to calculate adjusted net revenues, adjusted gross margin, adjusted operating margin, and adjusted EBITDA represent those same items used in computing adjusted net earnings, as relevant.  Furthermore, the presented calculation of adjusted EBITDA is substantially similar to, but not identical to, a measure used in the calculation of financial ratios required for covenant compliance under Vishay's revolving credit facility.  These reconciling items are indicated on the accompanying reconciliation schedules

and are more fully described in the Company’s financial statements presented in

its annual report on Form 10-K and its quarterly reports presented on Forms

10-Q.

Statements contained herein that relate to

the Company's future performance, including forecasted revenues and margins,

capacity expansion, multi-year customer demand, stockholder returns, and the

performance of the economy in general, are forward-looking statements within

the safe harbor provisions of Private Securities Litigation Reform Act of 1995.

Words and expressions such as “will,” “expect,” “going forward” or other

similar words or expressions often identify forward-looking statements. Such

statements are based on current expectations only, and are subject to certain

risks, uncertainties and assumptions, many of which are beyond our control.

Should one or more of these risks or uncertainties materialize, or should

underlying assumptions prove incorrect, actual results, performance, or

achievements may vary materially from those anticipated, estimated or

projected. Among the factors that could cause actual results to materially

differ include: general business and economic conditions; manufacturing or

supply chain interruptions or changes in customer demand; delays or

difficulties in implementing our cost reduction strategies; delays or

difficulties in expanding our manufacturing capacities; an inability to attract

and retain highly qualified personnel; changes in foreign currency exchange

rates; uncertainty related to the effects of changes in foreign currency

exchange rates; competition and technological changes in our industries;

difficulties in new product development; difficulties in identifying suitable

acquisition candidates, consummating a transaction on terms which we consider

acceptable, and integration and performance of acquired businesses; changes in

U.S. and foreign trade regulations and tariffs, and uncertainty regarding the

same; volatility in prices for metals and materials; changes in applicable domestic and foreign tax regulations,

and uncertainty regarding the same; changes in applicable accounting standards

and other factors affecting our operations that are set forth in our filings with

the Securities and Exchange Commission, including our annual reports on Form

10-K and our quarterly reports on Form 10-Q. We undertake no obligation to

publicly update or revise any forward-looking statements, whether as a result

of new information, future events or otherwise.

The DNA of tech® is a trademark of Vishay

Intertechnology.

Contact:

Vishay Intertechnology, Inc.

Peter Henrici

Executive Vice President, Corporate Development

+1-610-644-1300

2

VISHAY INTERTECHNOLOGY, INC.

Summary of Operations

(Unaudited - In thousands, except per share amounts)

Fiscal quarters ended

July 4, 2026         April 4, 2026         June 28, 2025

Net revenues(a) $ 888,575     $ 839,242     $ 762,250

Costs of products sold(b)     681,193         662,630         613,567

Gross profit     207,382         176,612         148,683

Gross margin     23.3 %       21.0 %       19.5 %

Selling, general, and administrative expenses(c)     153,856         154,488         126,565

Operating income     53,526         22,124         22,118

Operating margin     6.0 %       2.6 %       2.9 %

Other income (expense):

Interest expense     (10,333 )        (9,973 )        (10,588 )

Other     (794 )        701         747

Total other income (expense) - net     (11,127 )        (9,272 )        (9,841 )

Income before taxes     42,399         12,852         12,277

Income tax expense     14,275         5,688         10,273

Net earnings   $ 28,124       $ 7,164       $ 2,004

Basic earnings per share   $ 0.21       $ 0.05       $ 0.01

Diluted earnings per share   $ 0.19       $ 0.05       $ 0.01

Weighted average shares outstanding - basic     136,824         136,045         135,702

Weighted average shares outstanding - diluted     147,901         137,471         136,167

Cash dividends per share   $ 0.10       $ 0.10       $ 0.10

(a) Net revenues for the fiscal quarter ended July 4, 2026 are reduced by ($30,008) for tariff refunds passed through to customers, with no impact on gross profit.

(b) Costs of product sold for the fiscal quarter ended July 4, 2026 are reduced by ($30,008) for tariff refunds received from the U.S. government, with no impact on gross profit.

(c) Selling, general, and administrative expenses for the fiscal quarter ended June 28, 2025 include a ($11,293) benefit recognized upon the favorable resolution of a contingency.

3

VISHAY INTERTECHNOLOGY, INC.

Summary of Operations

(Unaudited - In thousands, except per share amounts)

Six fiscal months ended

July 4, 2026         June 28, 2025

Net revenues(d) $ 1,727,817     $ 1,477,486

Costs of products sold(e)     1,343,823         1,193,249

Gross profit     383,994         284,237

Gross margin     22.2 %       19.2 %

Selling, general, and administrative expenses(f)     308,344         261,304

Operating income     75,650         22,933

Operating margin     4.4 %       1.6 %

Other income (expense):

Interest expense     (20,306 )        (19,378 )

Other     (93 )        4,494

Total other income (expense) - net     (20,399 )        (14,884 )

Income before taxes     55,251         8,049

Income tax expense     19,963         10,137

Net earnings (loss)   $ 35,288       $ (2,088 )

Basic earnings (loss) per share attributable to Vishay stockholders   $ 0.26       $ (0.02 )

Diluted earnings (loss) per share attributable to Vishay stockholders   $ 0.25       $ (0.02 )

Weighted average shares outstanding - basic     136,428         135,750

Weighted average shares outstanding - diluted     142,680         135,750

Cash dividends per share   $ 0.20       $ 0.20

(d) Net revenues for the six fiscal months ended July 4, 2026 are reduced by ($30,008) for tariff refunds passed through to customers, with no impact on gross profit.

(e) Costs of product sold for the six fiscal months ended July 4, 2026 are reduced by ($30,008) for tariff refunds received from the U.S. government, with no impact on gross profit.

(f) Selling, general, and administrative expenses for the six fiscal months ended June 28, 2025 include a ($11,293) benefit recognized upon the favorable resolution of a contingency.

4

VISHAY INTERTECHNOLOGY, INC.

Consolidated Condensed Balance Sheets

(Unaudited - In thousands)

July 4, 2026         December 31, 2025

Assets

Current assets:

Cash and cash equivalents $ 1,297,309     $ 514,966

Short-term investments     5,263         265

Accounts receivable, net     393,373         381,802

Inventories:

Finished goods     184,960         182,444

Work in process     360,965         331,347

Raw materials     261,186         245,412

Total inventories     807,111         759,203

Prepaid expenses and other current assets     221,811         231,004

Total current assets     2,724,867         1,887,240

Property and equipment, at cost:

Land     85,711         86,399

Buildings and improvements     841,294         839,856

Machinery and equipment     3,505,644         3,477,884

Construction in progress     558,131         464,475

Allowance for depreciation     (3,241,135 )        (3,195,455 )

1,749,645         1,673,159

Right of use assets     122,630         119,746

Deferred income taxes     190,381         183,016

Goodwill     180,027         180,390

Other intangible assets, net     71,266         78,487

Other assets     117,550         112,122

Total assets   $ 5,156,366       $ 4,234,160

5

VISHAY INTERTECHNOLOGY, INC.

Consolidated Condensed Balance Sheets (continued)

(Unaudited - In thousands)

July 4, 2026         December 31, 2025

Liabilities and equity

Current liabilities:

Trade accounts payable $ 237,482     $ 214,984

Payroll and related expenses     179,479         164,114

Lease liabilities     28,241         26,546

Other accrued expenses     310,238         300,031

Income taxes     18,757         14,751

Current portion of long-term debt     737,744         -

Total current liabilities     1,511,941         720,426

Long-term debt less current portion     234,543         950,893

Deferred income taxes     97,488         96,818

Long-term lease liabilities     96,583         95,799

Other liabilities     136,668         109,228

Accrued pension and other postretirement costs     166,246         172,723

Total liabilities     2,243,469         2,145,887

Equity:

Vishay stockholders' equity

Common stock     14,129         12,351

Class B convertible common stock     1,210         1,210

Capital in excess of par value     1,945,629         1,101,086

Retained earnings     900,268         892,232

Accumulated other comprehensive income     51,661         81,394

Total equity     2,912,897         2,088,273

Total liabilities and equity   $ 5,156,366       $ 4,234,160

6

VISHAY INTERTECHNOLOGY, INC.

Consolidated Condensed Statements of Cash Flows

(Unaudited - In thousands)

Six fiscal months ended

July 4, 2026         June 28, 2025

Operating activities

Net earnings (loss) $ 35,288     $ (2,088 )

Adjustments to reconcile net earnings (loss) to net cash provided by operating activities:

Depreciation and amortization     114,328         109,743

Loss on disposal of property and equipment     24         73

Inventory write-offs for obsolescence     21,883         17,456

Deferred income taxes     (6,069 )        (6,034 )

Stock compensation expense     20,056         11,736

Other     79         (3,606 )

Change in U.S. transition tax liability     -         (47,027 )

Change in repatriation tax liability     (2,000 )        (9,375 )

Changes in operating assets and liabilities     (14,561 )        (63,571 )

Net cash provided by operating activities     169,028         7,307

Investing activities

Capital expenditures     (205,862 )        (126,167 )

Proceeds from sale of property and equipment     221         494

Purchase of short-term investments     (5,260 )        (28,481 )

Maturity of short-term investments     262         39,400

Other investing activities     (381 )        (661 )

Net cash used in investing activities     (211,020 )        (115,415 )

Financing activities

Proceeds from follow-on public offering, net of underwriting discounts and issuance costs     830,250         -

Principal payments on long-term debt     -         (41,911 )

Net proceeds on revolving credit facility     19,000         49,000

Dividends paid to common stockholders     (24,805 )        (24,700 )

Dividends paid to Class B common stockholders     (2,419 )        (2,419 )

Repurchase of common stock     -         (12,538 )

Cash withholding taxes paid when shares withheld for vested equity awards     (4,013 )        (3,957 )

Other financing activities     10,000         10,078

Net cash provided by (used in) financing activities     828,013         (26,447 )

Effect of exchange rate changes on cash and cash equivalents     (3,678 )        18,129

Net increase (decrease) in cash and cash equivalents     782,343         (116,426 )

Cash and cash equivalents at beginning of period     514,966         590,286

Cash and cash equivalents at end of period   $ 1,297,309       $ 473,860

7

VISHAY INTERTECHNOLOGY, INC.

Schedule of Adjusted Revenue, Gross Profit, and Gross Margin

(Unaudited - In thousands)

Fiscal quarter ended   Six fiscal months ended

July 4, 2026   July 4, 2026

GAAP         Adjusted(g)         GAAP         Adjusted(g)

Net revenues $ 888,575     $ 918,583     $ 1,727,817     $ 1,757,825

Gross profit     207,382         207,382         383,994         383,994

Gross margin     23.3 %       22.6 %       22.2 %       21.8 %

(g) Adjusted net revenues for the fiscal quarter and six fiscal months ended July 4, 2026 exclude $30,008 for tariff refunds passed through to customers, with no impact on gross profit. The tariff refunds are recognized as a reduction of Net revenues and Costs of products sold in the GAAP results. Adjusted gross margin is calculated using adjusted net revenues.

8

VISHAY INTERTECHNOLOGY, INC.

Reconciliation of Adjusted Earnings Per Share

(Unaudited - In thousands, except per share amounts)

Fiscal quarters ended   Six fiscal months ended

July 4, 2026         April 4, 2026         June 28, 2025         July 4, 2026         June 28, 2025

Net earnings (loss) $ 28,124     $ 7,164     $ 2,004     $ 35,288     $ (2,088 )

Reconciling items affecting net revenues:

Tariff refunds passed through to customers     30,008         -         -         30,008         -

Other reconciling items affecting gross profit:

Tariff refunds received from U.S. government     (30,008 )        -         -         (30,008 )        -

Other reconciling items affecting operating income:

Favorable resolution of contingency     -         -         (11,293 )        -         (11,293 )

Adjusted net earnings (loss)   $ 28,124       $ 7,164       $ (9,289 )      $ 35,288       $ (13,381 )

Adjusted weighted average diluted shares outstanding     147,901         137,471         135,702         142,680         135,750

Adjusted earnings (loss) per diluted share   $ 0.19       $ 0.05       $ (0.07 )      $ 0.25       $ (0.10 )

9

VISHAY INTERTECHNOLOGY, INC.

Reconciliation of Free Cash

(Unaudited - In thousands)

Fiscal quarters ended   Six fiscal months ended

July 4, 2026         April 4, 2026         June 28, 2025         July 4, 2026         June 28, 2025

Net cash provided by (used in) operating activities $ 105,359     $ 63,669     $ (8,791 )    $ 169,028     $ 7,307

Proceeds from sale of property and equipment     155         66         215         221         494

Less: Capital expenditures     (95,201 )        (110,661 )        (64,598 )        (205,862 )        (126,167 )

Free cash   $ 10,313       $ (46,926 )      $ (73,174 )      $ (36,613 )      $ (118,366 )

10

VISHAY INTERTECHNOLOGY, INC.

Reconciliation of EBITDA and Adjusted EBITDA

(Unaudited - In thousands)

Fiscal quarters ended   Six fiscal months ended

July 4, 2026         April 4, 2026         June 28, 2025         July 4, 2026         June 28, 2025

Net earnings (loss) $ 28,124       $ 7,164       $ 2,004     $ 35,288     $ (2,088 )

Interest expense     10,333         9,973         10,588         20,306         19,378

Interest income     (4,088 )        (3,038 )        (4,023 )        (7,126 )        (7,900 )

Income taxes     14,275         5,688         10,273         19,963         10,137

Depreciation and amortization     56,117         58,211         55,970         114,328         109,743

EBITDA   $ 104,761       $ 77,998       $ 74,812       $ 182,759       $ 129,270

Reconciling items

Tariff refunds passed through to customers     30,008         -         -         30,008         -

Tariff refunds received from U.S. government     (30,008 )        -         -         (30,008 )        -

Favorable resolution of contingency     -         -         (11,293 )        -         (11,293 )

Adjusted EBITDA   $ 104,761       $ 77,998       $ 63,519       $ 182,759       $ 117,977

Adjusted EBITDA margin(h)     11.4 %       9.3 %       8.3 %       10.4 %       8.0 %

(h) Adjusted EBITDA as a percentage of adjusted net revenues

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Aug. 05, 2026

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Vishay Intertechnology, Inc.

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DE

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Entity Tax Identification Number

38-1686453

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63 Lancaster Avenue

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Malvern

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