Vishay Intertechnology, Inc. reported a net revenue of $3.069 billion for the fiscal year ending December 31, 2025, marking a 4.5% increase from $2.938 billion in 2024. However, the company experienced a net loss of $9 million, or $0.07 per share, compared to a net loss of $31.2 million, or $0.23 per share, in the previous year. This decline in profitability is attributed to lower average selling prices, increased costs of materials, and higher labor expenses. The gross profit margin decreased to 19.4% from 21.3% in 2024, reflecting the challenges posed by rising input costs and tariffs.
In terms of operational developments, Vishay has been actively expanding its manufacturing capacity, investing $273 million in capital expenditures in 2025, primarily focused on high-growth product lines. The company has also made strategic acquisitions, including the purchase of Nexperia's Newport wafer fabrication facility in 2024 for approximately $177.5 million. This facility is expected to enhance Vishay's capabilities in silicon carbide MOSFETs and diodes, although it is not anticipated to generate significant income until 2026. The company is also restructuring its operations to optimize its manufacturing footprint, which includes the closure of three manufacturing sites.
Vishay's workforce stood at approximately 22,600 employees as of December 31, 2025, with a significant presence in the People's Republic of China, Germany, and Israel. The company has been focusing on increasing its technical headcount to support its growth initiatives, particularly in research and development. The strategic emphasis on customer engagement and technical support aims to enhance product adoption rates and improve market penetration across various sectors, including automotive, industrial, and telecommunications.
Looking ahead, Vishay anticipates continued growth driven by megatrends in electrification, sustainability, and connectivity. The company expects to maintain a high level of capital expenditures in 2026, with plans to invest between $400 million to $440 million, primarily in capacity expansion projects. Despite the challenges posed by fluctuating market conditions and supply chain disruptions, Vishay remains committed to its long-term strategy of enhancing stockholder value through growth and innovation. The company has also adopted a Stockholder Return Policy, aiming to return at least 70% of free cash flow to shareholders, although it reported negative free cash flow in 2025 due to its expansion efforts.
About VISHAY INTERTECHNOLOGY INC
Vishay Intertechnology manufactures a broad portfolio of discrete semiconductors and passive electronic components, serving markets such as automotive, industrial, computing, consumer, telecommunications, military, aerospace, and medical. Its core products include MOSFETs, diodes, optoelectronics, resistors, inductors, and capacitors. With a focus on innovation, global manufacturing, and strategic acquisitions, Vishay provides solutions that enable advanced electronic systems worldwide.
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