$VSH

VISHAY INTERTECHNOLOGY INC

CIK:0000103730|SEC Filings

Consolidated Condensed Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 04, 2026	Jun. 28, 2025	Jul. 04, 2026	Jun. 28, 2025
Consolidated Condensed Statements of Operations [Abstract]
Net revenues	$ 888,575	$ 762,250	$ 1,727,817	$ 1,477,486
Costs of products sold	681,193	613,567	1,343,823	1,193,249
Gross profit	207,382	148,683	383,994	284,237
Selling, general, and administrative expenses	153,856	126,565	308,344	261,304
Operating income	53,526	22,118	75,650	22,933
Other income (expense):
Interest expense	(10,333)	(10,588)	(20,306)	(19,378)
Other	(794)	747	(93)	4,494
Total other income (expense)	(11,127)	(9,841)	(20,399)	(14,884)
Income before taxes	42,399	12,277	55,251	8,049
Income tax expense	14,275	10,273	19,963	10,137
Net earnings (loss)	$ 28,124	$ 2,004	$ 35,288	$ (2,088)
Basic earnings (loss) per share (in Dollars per share)	$ 0.21	$ 0.01	$ 0.26	$ (0.02)
Diluted earnings (loss) per share (in Dollars per share)	$ 0.19	$ 0.01	$ 0.25	$ (0.02)
Weighted average shares outstanding - basic (in Shares)	136,824	135,702	136,428	135,750
Weighted average shares outstanding - diluted (in Shares)	147,901	136,167	142,680	135,750
Cash dividends per share (in Dollars per share)	$ 0.1	$ 0.1	$ 0.2	$ 0.2

Consolidated Condensed Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jul. 04, 2026	Jun. 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 liability	0	(47,027)
Change in repatriation tax liability	(2,000)	(9,375)
Net change 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	0
Principal payments on long-term debt	0	(41,911)
Net proceeds from revolving credit facility	19,000	49,000
Repurchase of common stock	0	(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
Common Stock [Member]
Financing activities
Dividends paid to common stockholders	(24,805)	(24,700)
Class B Common Stock [Member]
Financing activities
Dividends paid to common stockholders	$ (2,419)	$ (2,419)

Consolidated Condensed Balance Sheets - USD ($) $ in Thousands	Jul. 04, 2026	Dec. 31, 2025
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)
Property and equipment, net	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
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	0
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
Stockholders' equity:
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
Common Stock [Member]
Stockholders' equity:
Common stock	14,129	12,351
Class B Common Stock [Member]
Stockholders' equity:
Common stock	$ 1,210	$ 1,210