Slide 1: 2Q 2026 Earnings Conference Call
2Q 2026 Earnings Conference Call August 5, 2026 © VISHAY INTERTECHNOLOGY, INC. ALL RIGHTS RESERVED.
Slide 2: Notes on Forward-Looking Statements
2 NOTES ON FORWARD-LOOKING STATEMENTS Comments in this presentation other than statements of historical fact may constitute forward-looking statements. Words such as “believe,” “estimate,” “will be,” “will,” “would,” “expect,” “anticipate,” “plan,” “project,” “intend,” “could,” “should” or other sim
Slide 3: 2Q26 IEEPA Tariff Refunds to Customers
2Q26 IEEPA Tariff Refunds to Customers • Product revenues earned for 2Q 2026 were $918.6 million (which we refer to as the non- GAAP measure “adjusted net revenue”). • 2Q 2026 adjusted net revenues exclude $30.0 million for tariff refunds passed through to customers, with no impact on gross profit.
Slide 4: Revenue by End Market
Revenue by 4 End Market 5% 5% 5% INDUSTRIAL + 16% QoQ + 30% YoY AUTOM OTIVE + 4% QoQ + 10% YoY 10% 11% 11% ▸ Higher consumption primarily for smart grid, AI power and HVDC projects, and factory automation ▸ Ongoing demand as electronic content continues to increase 15% for driver assist and autonomo
Slide 5: Revenue by Sales Channel
5 Revenue by Sales Channel DISTRIBUTION 7% 7% 7% + 16% QoQ + 24% YoY OEM + 2% QoQ + 17% YoY ▸ Gains in each region; broad based consumption momentum; share gains ▸ Solid demand related to smart grid and AI server power, 35% 38% 37% ▸ Distribution inventory at 18 weeks from 20 weeks for Q1; POS incre
Slide 6: Revenue by Region
Revenue by Region EUROPE + 3% QoQ + 19% YoY ASIA + 13% QoQ + 19 YoY 26% 25% 25% ▸ Strengthening demand in industrial and ▸ Multi-market segment demand strength aerospace/defense ▸ Strong support from EMS customers ▸ Some inventory digestion after strong Q1 bookings ▸ Ended the quarter with a book-to
Slide 7: 2Q 2026 Highlights
2Q 2026 Highlights ADJUSTED REVENUES ($M) 2Q 2026 REVENUES 2Q 2026 BOOK-TO-BILL 950 918.6 $888.6 M GAAP 1.32 900 $918.6 M Adjusted 1.23 FOR SEMICONDUCTORS 850 839.2 FOR PASSIVE GROSS MARGIN 1.40 COMPONENTS 800 762.3 23.3% GAAP 750 22.6% Adjusted BACKLOG AT 700 QUARTER END EPS GAAP 6.1 months 650 $0.
Slide 8: Income Statement Highlights
2Q 2026 Income Statement Highlights Net Gross SG&A Operating EBITDA Effective EPS Revenues Margin Expenses Margin Margin Tax Rate $888.6 M 23.3% $153.9 M 6.0% 11.8% $0.19 33.7% Adjusted Net Adjusted Gross Adjusted Adjusted Adjusted Revenues Margin Operating EBITDA Margin EPS Margin $918.6 M 22.6% 11
Slide 9: Segment Results ($M)
Segment Results ($M) MOSFETs DIODES OPTO REVENUES GROSS BOOK TO GROSS BOOK TO REVENUES GROSS BOOK TO MARGIN BILL REVENUES MARGIN BILL MARGIN BILL 2Q 2026 188.9 13.8% 1.08 2Q 2026 187.0 24.4% 1.36 2Q 2026 70.1 22.8% 1.33 1Q 2026 174.0 12.9% 1.57 1Q 2026 163.7 21.3% 1.35 1Q 2026 58.9 18.6% 1.48 2Q 202
Slide 10: Cash Conversion Cycle
Cash Conversion Cycle DSO DIO DPO CASH CONVERSION CYCLE 60 40 109 130 110 106 130 53 102 31 32 100 30 120 116 50 30 110 110 90 41 100 40 38 80 20 90 70 80 30 60 10 70 50 60 20 40 0 50 2Q26 1Q26 2Q25 2Q26 1Q26 2Q25 2Q26 1Q26 2Q25 2Q26 1Q26 2Q25 10
Slide 11: Cash Flow Generation
Cash Flow Generation CASH FLOW FROM OPERATIONS ($/M) CAPEX ($/M) 140 400 160 149.4 400 353.0 346.0 110.7 330.6 140 120 120 100 95.2 94.8 300 105.4 300 100 80 64.6 80 63.7 200 200 60 52.3 60 125.5 40 27.6 40 100 20 100 20 0 0 0 -20 (8.8) 0 2Q 1Q 4Q 3Q 2Q TTM TTM 2Q 1Q 4Q 3Q 2Q TTM TTM 2026 2025 2026
Slide 12: Guidance 3Q 2026
12 Guidance 3Q 2026 REVENUE G R O S S M AR G I N SG&A $945-975 M 24.0% $155 M +/- 50 bps +/- $3 M N O R M AL I Z E D C AP E X 2 0 2 6 INTEREST EXPENSE E F F E C T I V E TAX R AT E ~$7 M ~35-40% $400-440 M 12
Slide 13: Strategic Growth Levers
Strategic Growth Levers SERVED MARKETS Internal Capacity Enhanced Expansion Channel Management External Capacity Expansion Broaden Innovation our Portfolio Optimizing Global Vishay Solutions Manufacturing Footprint Increased M&A Technical Headcount 13
Slide 14: Appendix
14 2Q 2026 Earnings Conference Call Appendix © VISHAY INTERTECHNOLOGY, INC. ALL RIGHTS RESERVED.
Slide 15: Product Type 2025: Certified, Commodity, Custom
Product Type 2025 CERTIFIED PRODUCTS 100% Hundreds 18% 26% small number of competitors with similar 33% 80% products (qualifications such as automotive, military, UL) 37% 60% 26% 16% COMMODITY PRODUCTS 40% completely interchangeable with competitors’ products 48% 51% 20% 45% CUSTOM PRODUCTS 0% Visha
Slide 16: Trusted by our Customers
Trusted by our Customers OEM EMS DISTRIBUTION © VISHAY INTERTECHNOLOGY, INC. ALL RIGHTS RESERVED.
Slide 17: Hybrid Manufacturer of Discrete Semiconductors and Passive Components
Hybrid Manufacturer of Discrete Semiconductors and Passive Components In power applications, we can supply ~80% DISCRETE SEMICONDUCTORS P AS S I V E C O M P O N E N T S L O W E S T V O L T AG E D I O D E H I G H E S T E N E R G Y C AP A C I T O R of our customers’ bill of material © VISHAY INTERTECH
Slide 18: Broad line of discrete semiconductors and passive components
Broad line of discrete semiconductors and passive components Semiconductors Passive components Diodes MOSFETs Opto Capacitors Resistors Inductors Small Signal IR Comp., Opto- Aluminum, Power, Film, SMD Variable Inductors, Rectifiers TVS/ESD MOSFETs Power ICs Sensors couplers Ceramic Tantalum Film, P
Slide 19: P&L
P&L IN MILLIONS (Except Per Share Amounts) 2Q 2026 1Q 2026 2Q 2025 Net Revenues $888.6 $839.2 $762.3 Cost of Products Sold 681.2 662.6 613.6 Gross Profit 207.4 176.6 148.7 Gross Margin 23.3% 21.0% 19.5% SG&A 153.9 154.5 126.6 Operating Income 53.5 22.1 22.1 Operating Margin 6.0% 2.6% 2.9% Other Inco
Slide 20: Reconciliation of Adjusted Net Earnings
Reconciliation of Adjusted Net Earnings IN MILLIONS (Except Per Share Amounts) 2Q 2026 1Q 2026 2Q 2025 GAAP Net Earnings Attributable to Vishay Stockholders $28.1 $7.2 $2.0 Reconciling items affecting net revenues: Tariff refunds passed through to customers 30.0 - - Other reconciling items affecting
Slide 21: Reconciliation of Free Cash
Reconciliation of Free Cash IN MILLIONS 2Q 2026 1Q 2026 2Q 2025 Net Cash Provided by Operating Activities $105.4 $63.7 ($8.8) Proceeds From Sale of Property and Equipment 0.2 0.1 0.2 Less: Capital Expenditures (95.2) (110.7) (64.6) Free Cash $10.3 ($47.0) ($73.2) © VISHAY INTERTECHNOLOGY, INC. ALL R
Slide 22: Reconciliation of EBITDA and Adjusted EBITDA
Reconciliation of EBITDA and Adjusted EBITDA IN MILLIONS 2Q 2026 1Q 2026 2Q 2025 Net Earnings $28.1 $7.2 $2.0 Interest Expense $10.3 $10.0 $10.6 Interest Income (4.1) (3.0) (4.0) Income Taxes 14.3 5.7 10.3 Depreciation and Amortization 56.1 58.2 56.0 EBITDA $104.8 $78.0 $74.8 Reconciling items Tarif
Slide 23: Computational Guidance on Sharecount for EPS (Q3)
Computational Guidance on Sharecount for EPS (Q3) Average Stock Projected Diluted Price for Quarter Shares (in millions) <$30.16 157 $35.00 161 $40.00 164 $45.00 166 $50.00 168 $55.00 169 $60.00 170 $65.00 171 See Current Report on Form 8-K filed on August 5, 2026 for further details on variables th
Slide 24: The DNA of tech Vishay
The DNA of tech ® Vishay © VISHAY INTERTECHNOLOGY, INC. ALL RIGHTS RESERVED. © VISHAY INTERTECHNOLOGY, INC. ALL RIGHTS RESERVED.