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© VISHAY INTERTECHNOLOGY, INC. ALL RIGHTS RESERVED. November 4, 2026 3Q 2026 Earnings Conference Call
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2 2 © VISHAY INTERTECHNOLOGY, INC. ALL RIGHTS RESERVED. 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 similar words or expressions often identify forward-looking statements. Such statements are based on current expectations only, and are subject to certain risks, uncertainties and assumptions, many of which are beyond our control. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results, performance or achievements may vary materially from those anticipated, estimated or projected. Factors that could cause actual results to materially differ are described in our filings with the U.S. Securities and Exchange Commission, including our annual reports on Form 10-K and quarterly reports on Form 10-Q, specifically in the sections titled “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Risk Factors .” The Company undertakes no obligation to update any forward-looking statements. NON-GAAP FINANCIAL MEASURES Management uses measures which are not recognized in accordance with U.S. generally accepted accounting principles (“GAAP”) to evaluate its business and may refer to such measures in this presentation. These measures are considered “non-GAAP financial measures” under the U.S. Securities and Exchange Commission rules. These non-GAAP financial measures are intended to supplement our GAAP measures of performance and liquidity. These non-GAAP measures may include: adjusted net earnings, adjusted net revenues, adjusted gross income, adjusted gross margin, adjusted operating income, adjusted operating margin, adjusted earnings per share, free cash, EBITDA, adjusted EBITDA, and Adjusted EBITDA margin. “Adjusted net earnings” is net earnings (loss) determined in accordance with GAAP, adjusted for various items that Management believes are not indicative of the intrinsic operating performance of the Company, such as tariff refunds received, tariff refunds passed through to customers, favorable resolution of contingencies, goodwill impairment charges, restructuring and severance costs, and other significant charges or credits that are important to understanding our intrinsic operations. Reconciling items to arrive at adjusted net earnings are more fully described in the Company’s annual report on Form 10-K and its quarterly reports on Forms 10-Q. “Adjusted net revenues” is net revenues determined in accordance with GAAP, adjusted to exclude items that Management believes are not indicative of the intrinsic operating performance and financial trends of the Company, such as tariff refunds passed through to customers. “Adjusted gross profit” is gross profit determined in accordance with GAAP (adjusted net revenues less costs of products sold and certain other period costs), adjusted to exclude items that Management believes are not indicative of the intrinsic operating performance of the Company, such as losses on purchase commitments, and unusual inventory write-downs. The measurement is used by Management to evaluate the performance of our business segments, as well the business as a whole. Reconciling items to arrive at adjusted gross margin are also considered in the calculation of adjusted operating margin and adjusted net earnings. Such reconciling items are more fully described in the Company’s annual report on Form 10-K and its quarterly reports on Forms 10- Q. “Adjusted gross margin” is “adjusted gross profit” expressed as a percentage of adjusted net revenues. “Adjusted operating income” is operating income determined in accordance with GAAP, adjusted for items that Management believes are not indicative of the intrinsic operating performance of the Company. The measurement is used by Management to evaluate our performance. Reconciling items to arrive at adjusted gross profit are also considered in the calculation of adjusted operating income; and reconciling items to arrive at adjusted operating margin are also considered in the calculation of adjusted net earnings. Such reconciling items are more fully described in the Company’s annual report on Form 10-K and its quarterly reports on Forms 10-Q. “Adjusted operating margin” is “adjusted operating income” expressed as a percentage of adjusted net revenues. “Adjusted earnings per share” is “adjusted net earnings” divided by the weighted average diluted shares outstanding for a period, adjusted for the effect of reconciling items, if applicable, on the diluted weighted average shares outstanding. For example, some potential common shares which are anti-dilutive to the computation of GAAP earnings per share may be dilutive after considering reconciling items. “Free cash” is cash generated from operations in excess of our capital expenditure needs and net of proceeds from the sale of assets. Management uses this measure to evaluate our ability to fund acquisitions, repay debt, and otherwise enhance stockholder value through stock buy-backs or dividends. “EBITDA” is earnings before interest income and expense, provision for income taxes, depreciation expense, and amortization expense. Management believes that EBITDA provides additional information with respect to a company’s performance and ability to meet its future capital expenditures and working capital requirements, particularly when evaluating acquisition targets. “Adjusted EBITDA” is EBITDA adjusted for relevant reconciling items used to calculate adjusted net earnings (described above). Adjusted EBITDA is substantially similar to, but not identical to, a measure used in the calculation of financial ratios required for covenant compliance under our revolving credit facility. “Adjusted EBITDA Margin” is “adjusted EBITDA” divided by adjusted net revenues. These measures do not have uniform definitions and accordingly, these measures, as calculated by Vishay, may not be comparable to similarly titled measures used by other companies. Such measures should not be viewed as alternatives to GAAP measures of performance or liquidity. However, Management believes such measures are meaningful to an evaluation of our business, as described above.
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End Market 40% 38% 34% 31% 32% 36% 14% 15% 15% 10% 10% 10% 5% 5% 5% 3Q26 2Q26 3Q25 INDUSTRIAL AUTOMOTIVE OTHER* AERO/DEFENSE HEALTHCARE INDUSTRIAL + 43% YoY+ 12% QoQ ▸ Americas posted strong growth with new projects supporting power management, smart grid and industrial automation ramping to mass production. ▸ In Asia demand remains strong for UPS power supplies for data centers, AI applications, and HVDC ▸ The number of our technologies designed into power management expands, contributing to increased part counts on customers’ bill of materials for industrial and AI server power AU TO M O T I V E + 7% YoY+ 4% QoQ OTHER + 23% YoY0% QoQ AE R O / D E F E N S E + 23% YoY+ 4% QoQ H E ALT H C AR E + X% YoY ▸ Customer began ramping up new model year programs ▸ China exports grew ▸ Customers placed orders to secure delivery against forecasts, including several EMS and OEM customers which increased coverage for 2027 programs ▸ Higher consumption levels by defense contractors in the US and Europe ▸ Bookings growth robust in the Americas, resulting in book- to-bill of 1.64 at quarter end. ▸ Customers moved quickly to position backlog as DoD finalized contracts with primes. ▸ Volume grew on higher consumption reflecting strong demand for AI server and server power, and on market share gains. ▸ Customers continued to add passives to AI power management solutions ▸ Significant volume increase in telecom from customers supporting optical communications switches + 1% QoQ + 13% YoY 3 3 * Power Supplies, Telecom, Consumers, Computing Revenue by ▸ Seasonality in the Americas; volume gains in Europe and Asia on demand for new portable medical devices ▸ In Europe bookings reached a record high; long-standing customer added inductors to its bill of materials ▸ In Asia, expanded business with EMS customers concerned about tightening supply for inductors and resistors.
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z Sales Channel 59% 58% 57% 34% 35% 37% 7% 7% 6% 3Q26 2Q26 3Q25 DISTRIBUTION OEM EMS DISTRIBUTION + 30% YoY+ 9% QoQ ▸ Volume grew on strong demand from industrial, aerospace/defense and AI customers ▸ Distribution inventory flat at 18 weeks ▸ POS increased 5% quarter-over-quarter and 26% year- over-year with growth in each region ▸ Bookings increased on demand momentum and driven by lead time extensions and component price increases OEM + 14% YoY+ 3% QoQ E M S + 27% YoY+ 6% QoQ - X% YoY ▸ Solid demand from industrial, automotive and healthcare customers ▸ Ongoing industrial, aerospace/defense and automotive program ramps, with programs using more Vishay part numbers ▸ Bookings reached an all time high due to competitive lead times 4 4 Revenue by
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Region 32% 33% 33% 42% 41% 43% 26% 26% 24% 3Q26 2Q26 3Q25 EUROPE ASIA AMERICAS EUROPE + 23% YoY+ 4% QoQ ▸ Continued industrial demand growth in seasonally light quarter AS I A + 20 YoY+ 9% QoQ AM E R I C AS + 31% YoY+ 6% QoQ ▸ Continued to dominate revenue growth on strong demand for industrial power and AI, networking and related infrastructure ▸ Record level consumption from industrial and aerospace/defense customers 5 Revenue by
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978.9 918.6 790.6 600 650 700 750 800 850 900 950 1000 3Q26 2Q26 3Q25 ADJUSTED REVENUES ($M) 1.29 3Q 2026 BOOK -TO-BILL 1.28 FOR SEMICONDUCTORS 1.31 FOR PASSIVE COMPONENTS 3Q 2026 Highlights 6.6 months BACKLOG AT QUARTER END 6 6 25.5% GROSS MARGIN $0.37 EPS $978.9 3Q 2026 REVENUE
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3Q 2026 Income Statement Highlights 7 Net Revenues Gross Margin $978.9 M 25.5% SG&A Expenses $157.2 M Operating Margin 9.4% EBITDA Margin 14.9% EPS 32.4% Effective Tax Rate $0.37
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MOSFETs REVENUES GROSS MARGIN BOOK TO BILL 3Q 2026 195.3 14.6% 1.44 2Q 2026 188.9 13.8% 1.08 3Q 2025 167.1 10.1% 0.86 DIODES REVENUES GROSS MARGIN BOOK TO BILL 3Q 2026 197.6 27.2% 1.19 2Q 2026 187.0 24.4% 1.36 3Q 2025 149.6 20.3% 1.07 OPTO REVENUES GROSS MARGIN BOOK TO BILL 3Q 2026 74.8 30.4% 1.09 2Q 2026 70.1 22.8% 1.33 3Q 2025 55.6 22.9% 0.93 RESISTORS REVENUES GROSS MARGIN BOOK TO BILL 3Q 2026 231.2 26.2% 1.45 2Q 2026 215.0 22.1% 1.43 3Q 2025 195.7 20.1% 0.92 INDUCTORS REVENUES GROSS MARGIN BOOK TO BILL 3Q 2026 114.5 33.3% 1.07 2Q 2026 104.2 31.1% 1.42 3Q 2025 92.0 30.7% 0.99 CAPACITORS REVENUES GROSS MARGIN BOOK TO BILL 3Q 2026 165.6 27.5% 1.28 2Q 2026 153.4 25.9% 1.35 3Q 2025 130.6 20.1% 1.07 Segment Results ($M) 8
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35 38 53 20 30 40 50 60 3Q26 2Q26 3Q25 DSO 101 102 108 40 50 60 70 80 90 100 110 3Q26 2Q26 3Q25 DIO 30 30 31 0 10 20 30 40 3Q26 2Q26 3Q25 DPO CASH CONVERSION CYCLE 106 110 130 50 60 70 80 90 100 110 120 130 3Q26 2Q26 3Q25 9 Cash Conversion Cycle
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Cash Flow Generation 145.8 105.4 63.7 149.4 27.6 -20 0 20 40 60 80 100 120 140 160 3Q 2Q 1Q 4Q 3Q 464.2 102.6 0 100 200 300 400 500 TTM 2026 TTM 2025 CASH FLOW FROM OPERATIONS ($/M) 2026 2025 47.5 95.2 110.7 94.8 52.3 0 20 40 60 80 100 120 140 3Q 2Q 1Q 4Q 3Q 348.2 323.4 0 100 200 300 400 TTM 2026 TTM 2025 CAPEX ($/M) 2026 2025 98.5 10.3 (46.9) 54.9 (24.3) (75) (25) 25 75 125 3Q 2Q 1Q 4Q 3Q 116.7 (218.3)(240) (190) (140) (90) (40) 10 60 110 TTM 2026 TTM 2025 FREE CASH FLOW ($/M) 2026 2025 STOCKHOLDER RETURNS ($/M) Stock Repurchases 0 20 40 60 80 100 TTM 2026 TTM 2025 56.1 79.4 0 10 20 3Q 2Q 1Q 4Q 3Q 15.3 13.6 13.6 13.613.6 2026 2025 Stock Repurchases Dividends 10
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11 11 $990 M 26.0% $157 M $350-400 M NORMALIZED EFFECTIVE TAX RATE CAPEX 2026 GROSS MARGIN SG&A +/- 50 bps +/- $3 M Guidance 4Q 2026 REVENUE INTEREST EXPENSE ~$6 M ~30-35% +/- $15 M
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Strategic Growth Levers Broaden our Portfolio SERVED MARKETS Internal Capacity Expansion External Capacity Expansion Optimizing Global Manufacturing Footprint Increased Technical Headcount Enhanced Channel Management Innovation Vishay Solutions M&A 12
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© VISHAY INTERTECHNOLOGY, INC. ALL RIGHTS RESERVED. 3Q 2026 Earnings Conference Call Appendix 13
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14 small number of competitors with similar products (qualifications such as automotive, military, UL) C E R T I F I E D P R O D U C T S completely interchangeable with competitors’ products C O M M O D I T Y P R O D U C T S designed for and sold to a specific customer C U S TO M PRODUCTS 48% 51% 45% 26% 16% 37% 26% 33% 18% 0% 20% 40% 60% 80% 100% Vishay Total Passives Semiconductors Hundreds CERTIFIED COMMODITY CUSTOM Product Type 2025
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EMS DISTRIBUTION © VISHAY INTERTECHNOLOGY, INC. ALL RIGHTS RESERVED. OEM Trusted by our Customers
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16 Hybrid Manufacturer of Discrete Semiconductors and Passive Components DISCRETE SEMICONDUCTORS PASSIVE COMPONENTS LOWEST VOLTAGE DIODE HIGHEST ENERGY CAPACITOR In power applications, we can supply ~80% of our customers’ bill of material © VISHAY INTERTECHNOLOGY, INC. ALL RIGHTS RESERVED.
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P&L IN MILLIONS (Except Per Share Amounts) 3Q 2026 2Q 2026 3Q 2025 Net Revenues $978.9 $888.6 $790.6 Costs of Products Sold 729.6 681.2 636.8 Gross Profit 249.4 207.4 153.9 Gross Margin 25.5% 23.3% 19.5% SG&A 157.2 153.9 134.7 Operating Income 92.2 53.5 19.1 Operating Margin 9.4% 6.0% 2.4% Other Income (Expense): Interest Expense (6.7) (10.3) (9.5) Other 1.7 (0.8) 2.3 Total Other Income (Expense) – Net (4.9) (11.1) (7.3) Income Before Taxes 87.3 42.4 11.9 Income Tax Expense 28.3 14.3 19.8 Net Earnings (Loss) $59.0 $28.1 ($7.9) Diluted Earnings (Loss) Per Share $0.37 $0.19 ($0.06) Weighted Average Shares Outstanding - Diluted 160.8 147.9 135.7 Cash Dividends Per Share $0.10 $0.10 $0.10 17
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Reconciliation of Adjusted Net Earnings © VISHAY INTERTECHNOLOGY, INC. ALL RIGHTS RESERVED. 18 IN MILLIONS (Except Per Share Amounts) 3Q 2026 2Q 2026 3Q 2025 GAAP Net Earnings (Loss) $59.0 $28.1 ($7.9) Reconciling items affecting net revenues: Tariff refunds passed through to customers - 30.0 - Other reconciling items affecting gross profit: Tariff refunds received from U.S. government - (30.0) - Reconciling items affecting tax expense: Change in tax laws and regulations - - 13.7 Adjusted net earnings (loss) $59.0 $28.1 $5.8 Adjusted weighted average diluted shares outstanding 160.8 147.9 136.6 Adjusted earnings (loss) per diluted share $0.37 $0.19 $0.04
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Reconciliation of Free Cash © VISHAY INTERTECHNOLOGY, INC. ALL RIGHTS RESERVED. IN MILLIONS 3Q 2026 2Q 2026 3Q 2025 Net Cash Provided by Operating Activities $145.8 $105.4 $27.6 Proceeds From Sale of Property and Equipment 0.3 0.2 0.4 Less: Capital Expenditures (47.5) (95.2) (52.3) Free Cash $98.5 $10.3 ($24.3) 19
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Reconciliation of EBITDA and Adjusted EBITDA © VISHAY INTERTECHNOLOGY, INC. ALL RIGHTS RESERVED. 20 IN MILLIONS 3Q 2026 2Q 2026 3Q 2025 Net Earnings (Loss) $59.0 $28.1 ($7.9) Interest Expense 6.7 10.3 9.5 Interest Income (7.7) (4.1) (2.7) Income Taxes 28.3 14.3 19.8 Depreciation and Amortization 59.7 56.1 57.3 EBITDA $145.9 $104.8 $76.0 Reconciling items Tariffrefunds passed through to customers - $30.0 - Tariffrefunds received from the U.S. government - (30.0) - Adjusted EBITDA $145.9 $104.8 $76.0 Adjusted EBITDA Margin ** 14.9% 11.4% 9.6% **EBITDA as a percentage of adjusted net revenues
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21 Reconciliation of Adjusted Revenue, Gross Profit, and Gross Margin IN MILLIONS 3Q 2026* 2Q 2026** GAAP and Adjusted GAAP Adjusted Net Revenues $978.9 $888.6 $918.6 Gross Profit 249.4 207.4 207.4 Gross Margin 25.5% 23.3% 22.6% * - Net revenues for 3Q 2026 do not contain any adjusting items. ** - Adjusted net revenues for 2Q 2026 exclude $30.0 M of tariff refunds passed through to customers, with no impact on gross profit. The tariff refunds are recognized as a reduction of Net revenues and Costs of products sold in the GAAP results. Adjusted gross margin is calculated using adjusted net revenues.
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Computational Guidance on Sharecount for EPS (Q4) © VISHAY INTERTECHNOLOGY, INC. ALL RIGHTS RESERVED. 22 See Current Report on Form 8-K filed on November 4, 2026 for further details on variables that impact the diluted earnings per share computation. Average Stock Price for Quarter Projected Diluted Shares (in millions) <$30.16 157 $35.00 161 $40.00 164 $45.00 166 $50.00 168 $55.00 170 $60.00 171
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© VISHAY INTERTECHNOLOGY, INC. ALL RIGHTS RESERVED. The DNA of tech ® Vishay © VISHAY INTERTECHNOLOGY, INC. ALL RIGHTS RESERVED.