Vishay (VSH) Q1 2026 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Wed, May 13, 2026 astatine 9:26 AM CDT 31 min read

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Date

May 13, 2026 astatine 9 a.m. ET

Call participants

• President and Chief Executive Officer — Joel Smejkal

• Chief Financial Officer — David E. McConnell

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Full Conference Call Transcript

This morning, we reported results for our archetypal 4th 2026. A transcript of our net merchandise is disposable successful the Investor Relations conception of our website astatine ir.vishay.com. This telephone is being broadcast unrecorded implicit the web and tin beryllium accessed done our website. In addition, today's telephone is being recorded and volition beryllium disposable via replay connected our website. During the call, we volition notation to a descent presumption which we besides posted connected ir.vishay.com. You should beryllium alert that during today's league call, we volition beryllium making definite guardant looking statements that sermon aboriginal events and performance. These statements are taxable to risks, and uncertainties that could origin existent results to disagree from the guardant looking statements.

For a treatment of factors that could origin results to differ, delight spot today's property merchandise and Vishay's Form 10 k and Form 10 Q filing with the Securities and Exchange Commission. We are including accusation successful our property merchandise and connected this league telephone connected assorted GAAP and non GAAP measures. We person included a afloat GAAP to non GAAP reconciliation successful our property merchandise and successful the presumption posted connected ir.vishay.com. Which we judge volition beryllium utile erstwhile comparing our GAAP and non GAAP results. We usage non GAAP measures due to the fact that we judge they supply utile accusation astir the operating show of our businesses and should beryllium considered by investors successful conjunction with GAAP measures.

Now I crook the telephone implicit to President and main enforcement officer, Joel Smejkal.

Joel Smejkal: Thank you, Peter. Good morning, everyone. We are excited that you person joined our Q1 net telephone to perceive the further advancement of Vishay 3.0. On today's call, I volition statesman with a reappraisal of our archetypal 4th gross and concern performance, and David volition instrumentality you done a elaborate reappraisal of our archetypal 4th fiscal results, and our guidance for 2026. After that, I volition update you connected the strategical levers we are pulling nether our 5 twelvemonth strategical plan. And past we volition unfastened it up for questions.

For the archetypal quarter, we are reporting gross of $839 cardinal supra our guidance scope of $800 cardinal to $830 cardinal 4.8% higher than the 4th quarter, and 17.3% higher than past year's archetypal quarter. Revenue is increasing crossed the board, successful each of our extremity markets, successful each of our channels, and successful each 3 regions. Increased depletion inventory replenishment, and Vishay marketplace stock summation drove a 5.8% summation successful with gains successful some semis and passives. Many lawsuit programs successful aggregate extremity markets person present started to ramp portion request for AI related applications stay strong.