Slide 1: 2Q 2025 Earnings Conference Call
2Q 2025 Earnings Conference Call August 6, 2025 © VISHAY INTERTECHNOLOGY, INC. ALL RIGHTS RESERVED.
Slide 2: Notes on Forward-Looking Statements
NOTES ON FORWARD-LOOKING STATEMENTS 2 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 INDUSTRIAL + 9% QoQ + 2% YoY AUTOM OTIVE + 4% QoQ 0% YoY 5% 5% 5% 11% 11% 11% • Demand from Tier 1 customers • Strengthening demand for smart grid 14% 14% 12% improved on higher pulls in the infrastructure projects in all regions Americas, launch of ADAS programs in • Pos
Slide 4: Revenue Mix By Sales Channel
4 Revenue Mix By Sales Channel 7% 7% 7% D I S T R I B U T I O N + 11% QoQ + 5% YoY OEM 0% QoQ - 1% YoY • POA worldwide grew at a faster rate on • Volume up in all regions, including a recovery in Asia, offset by slightly lower 37% 39% 38% continued turns business in each region ASPs • POS increased
Slide 5: Revenue Mix By Region
5 Revenue Mix By Region EUROPE 0% QoQ - 3% YoY ASIA + 12% QoQ + 12% YoY 25% 24% 26% • Asia led Vishay QoQ revenue increase • Fewer work days in 2Q • Volume rebounded from seasonally soft • Softer revenue after 1Q inventory 1st quarter overcorrections 40% 38% • Strong demand for AI power, smart grid
Slide 6: 2Q 2025 Highlights
66 2Q 2025 Highlights TOTAL REVENUES ($M) 2Q 2025 REVENUES 2Q 2025 BOOK-TO-BILL 800 $762.3 M 1.02 750 762.3 741.2 FOR 715.2 0.98 SEMICONDUCTORS 700 GROSS MARGIN 19.5% FOR PASSIVE 1.06 COMPONENTS 650 including negative impact of approximately 160 bps 600 related to Newport 550 $0.01 EPS BACKLOG AT 50
Slide 7: 2Q 2025 Income Statement Highlights
2Q 2025 77 Income Statement Highlights Operating EBITDA Effective Gross Margin SG&A EPS Margin Margin Tax Rate Expenses 19.5% Including ~160 basis $126.6 M 2.9% 9.8% 83.7% $0.01 impact of Newport Adjusted Adjusted Adjusted Normalized Operating Adjusted SG&A EBITDA Effective Margin EPS Expenses Margi
Slide 8: Segment Results ($M)
88 Segment Results ($M) MOSFETs DIODES OPTO REVENUES GROSS BOOK TO REVENUES GROSS BOOK TO REVENUES GROSS BOOK TO MARGIN BILL MARGIN BILL MARGIN BILL 2Q 2025 148.6 6.3% 1.00 2Q 2025 147.9 20.0% 0.93 2Q 2025 54.1 23.2% 1.05 1Q 2025 142.1 8.2% 1.32 1Q 2025 141.0 19.9% 0.99 1Q 2025 51.2 20.9% 0.90 2Q 20
Slide 9: Cash Conversion Cycle
9 Cash Conversion Cycle DSO DIO DPO CASH CONVERSION CYCLE 60 40 109 110 130 129 110 105 130 125 53 53 34 51 32 100 31 120 50 30 110 90 100 40 80 20 90 70 80 30 60 10 70 50 60 20 40 0 50 2Q25 1Q25 2Q24 2Q25 1Q25 2Q24 2Q25 1Q25 2Q24 2Q25 1Q25 2Q24
Slide 10: Cash Flow Generation
Cash Flow Generation 10 10 CASH FLOW FROM OPERATIONS ($/M) CAPEX ($/M) 100 200 184.1 160 400 144.9 140 330.6 327.8 80 67.7 120 300 60 50.6 125.5 100 40 16.1 100 80 64.6 62.6 200 61.6 59.5 20 60 0 40 100 -20 (8.8) 20 -40 (24.7) 0 0 0 2Q 1Q 4Q 3Q 2Q TTM TTM 2Q 1Q 4Q 3Q 2Q TTM TTM 2025 2024 2025 2024 2
Slide 11: Guidance 3Q 2025
11 Guidance 3Q 2025 REVENUE GROSS MARGIN SG&A 2Q 2025 $775 M 19.7% Newport Impact $138 M FY 2025 +/- $20 M +/- 50 bps Negative $540 - +/- $2 M 160-185 bps 560 M NORMALIZED CAPEX 2025 E F F E C T I V E TA X R AT E ~30-32% $300-350 M
Slide 12: Strategic Growth Levers
12 12 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
Slide 13: Financial Goals 2028
13 Financial Goals 2028 T O TA L R E V E N U E GROSS MARGIN O P E R AT I N G M A R G I N 2023 2023 2023 $3.4B CAGR 28.6% 14.3% 9-11% 31–33% 19–21% ADJ. EBITDA MARGIN ROIC C A P I TA L I N T E N S I T Y 2023 2023 2023 19.5% 11.2% 9.7% 25–27% ≥14% 6–7%
Slide 14: Appendix
Appendix 2Q 2025 Earnings Conference Call
Slide 15: Product Type 2024: Certified, Commodity, Custom
15 Product Type 2024 CERTIFIED PRODUCTS 100% Hundreds 17% 24% small number of competitors with similar 31% 80% products (qualifications such as automotive, military, UL) 27% 15% 39% 60% COMMODITY PRODUCTS 40% completely interchangeable with competitors’ products 49% 54% 20% 44% CUSTOM PRODUCTS 0% Vi
Slide 16: Trusted by…
16 16 Trusted by… OEM EMS DISTRIBUTION
Slide 17: Go-to manufacturer for engineers: The DNA of tech
17 17 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
Slide 18: P&L
P&L 18 18 IN MILLIONS (Except Per Share Amounts) 2Q 2025 1Q 2025 2Q 2024 Net Revenues $762.3 $715.2 $741.2 Cost of Products Sold 613.6 579.7 578.4 Gross Profit 148.7 135.6 162.9 Gross Margin 19.5% 19.0% 22.0% SG&A ** 126.6 134.7 125.0 Operating Income 22.1 0.8 37.9 Operating Margin 2.9% 0.1% 5.1% Ot
Slide 19: Reconciliation of Adjusted Net Earnings
Reconciliation of Adjusted Net Earnings 19 19 IN MILLIONS (Except Per Share Amounts) 2Q 2025 1Q 2025 2Q 2024 GAAP Net Earnings (Loss) Attributable to Vishay Stockholders $2.0 ($4.1) $23.5 Reconciling items affecting operating income: Favorable resolution of contingency (11.3) - - Adjusted net earnin
Slide 20: Reconciliation of Free Cash
Reconciliation of Free Cash 20 20 IN MILLIONS 2Q 2025 1Q 2025 2Q 2024 Net Cash Provided by (Used in) Operating Activities ($8.8) $16.1 ($24.7) Proceeds From Sale of Property and Equipment 0.2 0.3 0.5 Less: Capital Expenditures (64.6) (61.6) (62.6) Free Cash ($73.2) ($45.2) ($86.8) © VISHAY INTERTECH
Slide 21: Reconciliation of EBITDA
Reconciliation of EBITDA 21 21 IN MILLIONS 2Q 2025 1Q 2025 2Q 2024 GAAP Net Earnings (Loss) Attributable to Vishay Stockholders $2.0 ($4.1) $23.5 Net Earnings Attributable to Noncontrolling Interests - - 0.3 Net Earnings (Loss) 2.0 (4.1) $23.9 Interest Expense $10.6 $8.8 $6.7 Interest Income (4.0) (
Slide 22: Vishay
Vishay The DNA of tech ® © VISHAY INTERTECHNOLOGY, INC. ALL RIGHTS RESERVED.