Slide 1: 1Q 2026 Earnings Conference Call
1Q 2026 Earnings Conference Call May 13, 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: Revenue Mix By End Market
3 Revenue Mix By End Market 5% 5% 5% INDUSTRIAL + 7% QoQ + 22% YoY AUTOM OTIVE + 3% QoQ + 11% YoY 11% 10% 11% ▸ Broad based demand growth ▸ OEM demand in the Americas and Europe, reflecting hybrid and EV program starts 15% 16% 14% ▸ In the Americas, customers ramping up production for projects suppo
Slide 4: Revenue Mix By Sales Channel
4 Revenue Mix By Sales Channel DISTRIBUTION + 7% QoQ + 14% YoY 7% 6% 7% + 2% QoQ + 19% YoY OEM ▸ POS up 10.7% QoQ and 24.9% YoY ▸ Strong demand from automotive, ▸ Sales reflect both increased aerospace/defense and medical in the 38% 37% 39% consumption and some Americas inventory replenishment ▸ Inv
Slide 5: Revenue Mix By Region
Revenue Mix By Region EUROPE + 15% QoQ + 16% YoY ASIA - 5% QoQ + 18% YoY 25% 24% 24% ▸ Strongest revenue growth, reflecting ▸ Sales decline due to Lunar New Year and recovery in industrial segments, shipments pulled into Q4 partially offset particularly renewable energy and factory by strong AI-rela
Slide 6: 1Q 2026 Highlights
1Q 2026 Highlights TOTAL REVENUES ($M) 1Q 2026 REVENUES 1Q 2026 BOOK-TO-BILL 850 839.2 $839.2 M 1.34 800 800.9 1.47 FOR SEMICONDUCTORS 750 GROSS MARGIN 715.2 21.0% FOR PASSIVE 1.23 COMPONENTS 700 650 EPS BACKLOG AT 600 QUARTER END $0.05 5.7 months 550 500 1Q26 4Q25 1Q25 6 6
Slide 7: Income Statement Highlights
7 1Q 2026 Income Statement Highlights Operating Gross Margin SG&A EBITDA Margin Expenses Margin 21.0% $154.5 M 2.6% 9.3% Effective Tax Rate EPS 44.3% $0.05 7
Slide 8: Segment Results ($M)
Segment Results ($M) MOSFETs DIODES OPTO REVENUES GROSS BOOK TO GROSS BOOK TO REVENUES GROSS BOOK TO MARGIN BILL REVENUES MARGIN BILL MARGIN BILL 1Q 2026 174.0 12.9% 1.57 1Q 2026 163.7 21.3% 1.35 1Q 2026 58.9 18.6% 1.48 4Q 2025 172.6 13.8% 1.48 4Q 2025 154.2 20.3% 1.09 4Q 2025 55.7 15.0% 1.12 1Q 202
Slide 9: Cash Conversion Cycle
Cash Conversion Cycle DSO DIO DPO CASH CONVERSION CYCLE 60 40 110 129 110 106 107 130 125 53 34 31 30 120 116 50 48 100 30 110 90 41 100 40 80 20 90 70 80 30 60 10 70 50 60 20 40 0 50 1Q26 4Q25 1Q25 1Q26 4Q25 1Q25 1Q26 4Q25 1Q25 1Q26 4Q25 1Q25 9
Slide 10: Cash Flow Generation
Cash Flow Generation CASH FLOW FROM OPERATIONS ($/M) CAPEX ($/M) 140 400 160 149.4 300 110.7 322.4 328.6 140 120 231.9 120 100 94.8 300 100 200 80 64.6 80 61.6 200 63.7 60 60 52.3 109.6 40 27.6 100 40 100 16.1 20 20 0 0 0 -20 (8.8) 0 1Q 4Q 3Q 2Q 1Q TTM TTM 1Q 4Q 3Q 2Q 1Q TTM TTM 2026 2025 2026 2025
Slide 11: Guidance 2Q 2026
11 Guidance 2Q 2026 REVENUE G R O S S M AR G I N SG&A $875-905 M 22.0% $155 M +/- 50 bps +/- $3 M N O R M AL I Z E D C AP E X 2 0 2 6 E F F E C T I V E TAX R AT E ~40-50% $400-440 M 11
Slide 12: 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 12
Slide 13: Appendix
13 Appendix 1Q 2026 Earnings Conference Call
Slide 14: Product Type Mix: Certified, Commodity, Custom
14 Product Type 2025 CERTIFIED PRODUCTS 100% Hundreds 18% 26% small number of competitors with similar 33% 80% products (qualifications such as automotive, military, UL) 26% 37% 60% 16% COMMODITY PRODUCTS 40% completely interchangeable with competitors’ products 48% 51% 20% 45% CUSTOM PRODUCTS 0% Vi
Slide 15: Trusted by…
Trusted by… OEM EMS DISTRIBUTION 15
Slide 16: The go-to manufacturer for engineers to innovate with ease
We are proud to be the go-to manufacturer for engineers to innovate with ease and confidence that The DNA of tech® is behind them all the way. In power applications, we can supply 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
Slide 17: Investing in Capacity Readiness
Investing in Capacity Readiness $/M 5–9% 9–13% Invested $0.9 billion, 2023–2025 400 12% 70% of CapEx in capacity expansion 300 8% Focused on growth product lines 200 RESULTS 4% Reliably supply customers 100 Re-engage with inactive customers 0 0% 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026E Dri
Slide 18: P&L
P&L IN MILLIONS (Except Per Share Amounts) 1Q 2026 4Q 2025 1Q 2025 Net Revenues $839.2 $800.9 $715.2 Cost of Products Sold 662.6 644.1 579.7 Gross Profit 176.6 156.8 135.6 Gross Margin 21.0% 19.6% 19.0% SG&A 154.5 142.0 134.7 Operating Income 22.1 14.8 0.8 Operating Margin 2.6% 1.8% 0.1% Other Incom
Slide 19: Reconciliation of Free Cash
Reconciliation of Free Cash IN MILLIONS 1Q 2026 4Q 2025 1Q 2025 Net Cash Provided by Operating Activities $63.7 $149.4 $16.1 Proceeds From Sale of Property and Equipment 0.1 0.3 0.3 Less: Capital Expenditures (110.7) (94.8) (61.6) Free Cash ($47.0) $54.9 ($45.2) © VISHAY INTERTECHNOLOGY, INC. ALL RI
Slide 20: Reconciliation of EBITDA
Reconciliation of EBITDA IN MILLIONS 1Q 2026 4Q 2025 1Q 2025 Net Earnings (Loss) $7.2 $1.0 ($4.1) Interest Expense $10.0 $9.7 $8.8 Interest Income (3.0) (2.8) (3.9) Income Taxes 5.7 4.6 (0.1) Depreciation and Amortization 58.2 57.7 53.8 EBITDA $78.0 $70.3 $54.5 EBITDA Margin ** 9.3% 8.8% 7.6% **EBIT
Slide 21: Vishay
Vishay The DNA of tech ® © VISHAY INTERTECHNOLOGY, INC. ALL RIGHTS RESERVED.