Slide 1: 3Q 2025 Earnings Conference Call
3Q 2025 Earnings Conference Call November 5, 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 + 2% QoQ + 12% YoY AUTOM OTIVE + 7% QoQ + 3% YoY 5% 5% 5% 10% 11% 11% ▸ Higher shipments of capacitors to smart ▸ Higher volumes primarily in the Americas grid infrastructure projects for programs and Europe 15% 14% 13% led by Europe and China ▸ Tier 1 customer
Slide 4: Revenue Mix By Sales Channel
4 Revenue Mix By Sales Channel 6% 7% 7% D I S T R I B U T I O N + 4% QoQ + 10% YoY OEM + 6% QoQ + 6% YoY ▸ Nearly all growth from Asia, reflecting AI ▸ Increased volume from automotive and industrial customers 37% 37% 38% servers, industrial and smart grid infrastructure projects ▸ Shipments for sma
Slide 5: Revenue Mix By Region
5 Revenue Mix By Region EUROPE + 1% QoQ + 1% YoY ASIA + 7% QoQ + 18% YoY 24% 25% 26% ▸ Seasonal impacts ▸ Increased sales to distributors supporting AI-related demand and industrial 43% 42% 39% + 2% QoQ + 1% YoY 33% 33% 35% AM ERICAS ▸ Higher automotive and medical revenue ▸ Soft aerospace/defense a
Slide 6: 3Q 2025 Highlights
66 3Q 2025 Highlights TOTAL REVENUES ($M) 3Q 2025 REVENUES 3Q 2025 BOOK-TO-BILL 800 790.6 $790.6 M 0.97 750 762.3 735.4 0.96 FOR SEMICONDUCTORS 700 GROSS MARGIN 19.5% FOR PASSIVE 0.98 COMPONENTS 650 including negative impact of approximately 150 bps 600 related to Newport 550 $(0.06) EPS BACKLOG AT
Slide 7: Income Statement Highlights
3Q 2025 77 Income Statement Highlights Operating EBITDA Effective Gross Margin SG&A EPS Margin Margin Tax Rate Expenses 19.5% Including ~150 basis $134.7 M 2.4% 9.6% 166.3% $(0.06) impact of Newport Normalized Adjusted Effective EPS Tax Rate 51.4% $0.04
Slide 8: Segment Results ($M)
88 Segment Results ($M) MOSFETs DIODES OPTO REVENUES GROSS BOOK TO REVENUES GROSS BOOK TO REVENUES GROSS BOOK TO MARGIN BILL MARGIN BILL MARGIN BILL 3Q 2025 167.1 10.1% 0.86 3Q 2025 149.6 20.3% 1.07 3Q 2025 55.6 22.9% 0.93 2Q 2025 148.6 6.3% 1.00 2Q 2025 147.9 20.0% 0.93 2Q 2025 54.1 23.2% 1.05 3Q 2
Slide 9: Cash Conversion Cycle
9 Cash Conversion Cycle DSO DIO DPO CASH CONVERSION CYCLE 60 40 109 130 130 110 108 106 130 127 53 53 53 31 32 32 100 120 50 30 110 90 100 40 80 20 90 70 80 30 60 10 70 50 60 20 40 0 50 3Q25 2Q25 3Q24 3Q25 2Q25 3Q24 3Q25 2Q25 3Q24 3Q25 2Q25 3Q24
Slide 10: Cash Flow Generation
Cash Flow Generation 10 10 CASH FLOW FROM OPERATIONS ($/M) CAPEX ($/M) 100 200 160 144.9 400 80 140 323.4 320.5 67.7 120 300 60 50.6 112.3 100 40 102.6 27.6 80 200 16.1 100 64.6 20 61.6 59.5 60 52.3 0 40 100 -20 (8.8) 20 -40 0 0 0 3Q 2Q 1Q 4Q 3Q TTM TTM 3Q 2Q 1Q 4Q 3Q TTM TTM 2025 2024 2025 2024 202
Slide 11: Guidance 4Q 2025
11 Guidance 4Q 2025 REVENUE GROSS MARGIN SG&A $790 M 19.5% Newport Impact $138 M +/- $20 M +/- 50 bps Negative +/- $2 M 150-175 bps I N C O M E TA X E X P E N S E CAPEX 2025 $4 – 8M $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 3Q 2025 Earnings Conference Call
Slide 15: Product Type 2024
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: We Are Proud to Be the Go-To Manufacturer
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) 3Q 2025 2Q 2025 3Q 2024 Net Revenues $790.6 $762.3 $735.4 Cost of Products Sold 636.8 613.6 584.5 Gross Profit 153.9 148.7 150.9 Gross Margin 19.5% 19.5% 20.5% SG&A ** 134.7 126.6 128.5 Restructuring and severance costs - - 40.6 Operating Income (Loss
Slide 19: Reconciliation of Adjusted Net Earnings
Reconciliation of Adjusted Net Earnings 19 19 IN MILLIONS (Except Per Share Amounts) 3Q 2025 2Q 2025 3Q 2024 GAAP Net Earnings (Loss) Attributable to Vishay Stockholders $(7.9) $2.0 $(19.3) Reconciling items affecting operating income: Favorable resolution of contingency - (11.3) - Restructuring and
Slide 20: Reconciliation of Free Cash
Reconciliation of Free Cash 20 20 IN MILLIONS 3Q 2025 2Q 2025 3Q 2024 Net Cash Provided by (Used in) Operating Activities $27.6 $(8.8) $50.6 Proceeds From Sale of Property and Equipment 0.4 0.2 0.1 Less: Capital Expenditures (52.3) (64.6) (59.5) Free Cash $(24.3) $(73.2) $(8.8) © VISHAY INTERTECHNOL
Slide 21: Reconciliation of EBITDA
Reconciliation of EBITDA 21 21 IN MILLIONS 3Q 2025 2Q 2025 3Q 2024 GAAP Net Earnings (Loss) Attributable to Vishay Stockholders $(7.9) $2.0 $(19.3) Net Earnings Attributable to Noncontrolling Interests - - 0.3 Net Earnings (Loss) $(7.9) $2.0 $(19.0) Interest Expense $9.5 $10.6 $6.6 Interest Income (
Slide 22: Vishay
Vishay The DNA of tech ® © VISHAY INTERTECHNOLOGY, INC. ALL RIGHTS RESERVED.