Vishay (VSH) Q2 2026 Earnings Call Transcript

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DATE

Wednesday, Aug. 5, 2026 astatine 9:00 a.m. ET

CALL PARTICIPANTS

• Executive Vice President, Corporate Development - Peter Henrici

• President and Chief Executive Officer - Joel Smejkal

• Executive Vice President and Chief Financial Officer - David McConnell

Full Conference Call Transcript

Peter Henrici: Good morning, and invited to Vishay Intertechnology's Second Quarter 2026 Earnings Conference Call. I americium joined contiguous by Joel Smejkal, our President and Chief Executive Officer, and by Dave McConnell, our Chief Financial Officer. This morning, we reported results for our 2nd 4th 2026. A transcript of our net merchandise is disposable successful the Investor Relations conception of our website astatine ir.vishay.com. This telephone is being broadcast unrecorded implicit the web and tin beryllium accessed done our website. In addition, today's telephone is being recorded and volition beryllium disposable via replay connected our website. During the call, we volition notation to a descent presentation, which we besides posted connected ir.vishay.com.

You should beryllium alert that during today's league call, we volition beryllium making definite forward-looking statements that sermon aboriginal events and performance. These statements are taxable to risks and uncertainties that could origin existent results to disagree from the forward-looking statements. For a treatment of factors that could origin results to differ, delight spot today's property merchandise and Vishay's Form 10-K and Form 10-Q filings with the Securities and Exchange Commission. We are including accusation successful our property merchandise and connected this league telephone connected assorted GAAP and non-GAAP measures.

We person included a afloat GAAP to non-GAAP reconciliation successful our property merchandise and successful the presumption posted connected ir.vishay.com, which we judge volition beryllium utile erstwhile comparing our GAAP and non-GAAP results. We usage non-GAAP measures due to the fact that we judge they supply utile accusation astir the operating show of our businesses and should beryllium considered by investors successful conjunction with GAAP measures. Specifically, arsenic it pertains to our tariff refunds, we are reporting GAAP and adjusted gross for the 2nd quarter. The 2nd 4th 2026 adjusted nett revenues exclude $30.0 cardinal for tariff refunds passed done to customers with nary interaction connected gross profit.

The tariff refunds are recognized arsenic reductions of nett revenues and outgo of products sold successful the 2nd 4th 2026 GAAP results. Adjusted gross borderline is calculated utilizing adjusted nett revenues. Tariff refunds person not been allocated to a reportable segment, extremity market, income transmission oregon region. All pursuing 2nd 4th 2026 measures presented, exclude tariff refunds. Tariff refunds bash not interaction immoderate different play presented. On today's league call, absorption volition notation to adjusted revenues successful the investigation of results for the quarter. Now I crook the telephone implicit to President and Chief Executiver, Joel Smejkal.