VSHNYSE

VISHAY INTERTECHNOLOGY INC

Electronic Components & Accessories · DE · CIK 103730

Vishay manufactures discrete semiconductors and passive electronic components for various industries worldwide

red 8-K · 90d

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$8.08B

Market cap

$56.28

Last close

-0.1%

-12.4%

7.0M

Volume

Price · last 39 sessions+84.1%

May 4L $30.57 · H $64.90Jun 29

366

Total filings

Jun 29, 2026

Last filing

12/31

Fiscal year end

All 8-K · 243 10-Q · 49 SC 13G · 30 10-K · 17 DEF 14A · 17 8-K/A · 4 SC 13D · 3 424B5 · 1

What Changed

Risk factors · Feb 14, 2025 → Feb 13, 2026

15 added · 17 removed between the two most recent 10-Ks. The risks a company starts — or stops — disclosing are often the story.

Newly disclosed

We performed a qualitative annual assessment of each of our reporting units in 2025 and determined that the fair value of the reporting units were not more likely than not less than their respective carrying amounts.
If we are not able to achieve our anticipated results or we experience a sustained decline in our stock price, we may determine that an interim impairment analysis is necessary.
Our acquisition strategy could be impeded if our Board of Directors were reluctant to authorize the issuance of substantial additional shares.
Certain provisions in the indentures governing the 2030 Notes could delay or prevent an otherwise beneficial takeover or takeover attempt of us.
We continue to evaluate facts and circumstances to determine if interim impairment analyses are necessary.
While many of these tariffs and reciprocal tariffs have been reduced or paused, the tariffs and any similar disruptions in the global supply chain in the future may adversely impact our business by creating economic uncertainty, increasing the cost of materials, and reducing customer demand for our products.
While many of these tariffs and reciprocal tariffs have been reduced or paused, the tariffs and any similar disruptions to the global supply chain in the future may adversely impact our business by creating economic uncertainty, increasing the cost of materials, and reducing customer and end market demand.
If these consequences are realized, it could result in a general economic downturn or otherwise have a material adverse effect on our business. 22 Risks related to our capital structure The holders of our Class B common stock have effective voting control of our company, giving them the effective ability to prevent a change in control transaction.
In addition, as a Delaware corporation, we are subject to Section 203 of the Delaware General Corporation Law.
These tariffs negatively impacted trade relationships between the governments of the U.S. and the impacted countries, specifically the People’s Republic of China.
These tariffs negatively impacted trade relationships between the governments of the U.S. and the impacted countries, specifically the People’s Republic of China.
In response, many countries increased tariffs on U.S. exports and implemented other import / export barriers or prohibitions.

No longer disclosed

Several factors, including a further decrease in our stock price, a further increase in the asset base, and other negative internal and external factors, required us to test our MOSFETs goodwill for impairment again in the fourth fiscal quarter of 2024.
We performed a quantitative assessment of each of our reporting units as of September 28, 2024 and determined that the estimated fair value of each reporting unit exceeded its carrying value, although the MOSFETs reporting unit’s fair value exceeded its carrying value by less than 10%.
If we are not able to achieve our anticipated results or our stock price decreases further, the fair value of our other reporting units would be adversely affected, which may result in future impairment.
As a result, we recorded a non-cash impairment charge of $66.5 million to write-off the goodwill of the MOSFETs reporting unit.
Our outstanding 2025 Notes contain similar provisions concerning the holders’ rights to require us to repurchase their 2025 Notes upon a fundamental change and to pay cash to settle conversions of their 2025 Notes.
The repurchase of $53 million principal amount of the 2025 Notes in the fourth fiscal quarter of 2024 reduces the risk associated with the 2025 Notes.
The conditional conversion feature of our outstanding 2030 Notes, if triggered, may adversely affect our financial condition and operating results.
The acquisitions of MaxPower Semiconductor, Inc. and the Newport wafer fab, as well as the planned capacity expansions at Itzehoe and Newport, are long-term investments which were not expected to generate significant income or cash flows in the near-term, but should greatly enhance the long-term position of our MOSFETs business.
The U.S. has taken actions that impact U.S. trade with China, including restricting the export of certain goods and equipment to China, imposing tariffs on certain goods manufactured in China and imported into the U.S., including certain of our products.
Such actions may impact our competitiveness and adversely affect the demand for these products, or if those costs cannot be passed on to our customers, could adversely impact our results of operations for affected segments and the Company as a whole.
Risks related to our capital structure The holders of our Class B common stock have effective voting control of our company, giving them the effective ability to prevent a change in control transaction.
The governments of the U.S. and the People’s Republic of China remain in a trade dispute that has resulted in tariffs and other trade restrictions including import / export prohibitions.

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