Earnings Per Share

9 Months Ended

Sep. 27, 2025

Earnings Per Share [Abstract]

Earnings Per Share

Note 12 – Earnings Per Share

The following table sets forth the computation of basic and diluted earnings (loss) per share attributable to Vishay stockholders (shares in thousands):

	Fiscal quarters ended						Nine fiscal months ended
	September 27, 2025			September 28, 2024			September 27, 2025			September 28, 2024
Numerator:
Net earnings (loss) attributable to Vishay stockholders	$	(7,876	)	$	(19,299	)	$	(9,964	)	$	35,158
Denominator:
Denominator for basic earnings (loss) per share:
Weighted average shares		135,586			136,667			135,606			137,155
Outstanding phantom stock units		134			126			133			126
Adjusted weighted average shares		135,720			136,793			135,739			137,281
Effect of dilutive securities:
Restricted stock units		-			-			-			758
Dilutive potential common shares		-			-			-			758
Denominator for diluted earnings (loss) per share:
Adjusted weighted average shares - diluted		135,720			136,793			135,739			138,039
Basic earnings (loss) per share attributable to Vishay stockholders	$	(0.06	)	$	(0.14	)	$	(0.07	)	$	0.26
Diluted earnings (loss) per share attributable to Vishay stockholders	$	(0.06	)	$	(0.14	)	$	(0.07	)	$	0.25

Diluted earnings (loss) per share for the periods presented do not reflect the following weighted average potential common shares that would have an antidilutive effect or have unsatisfied performance conditions (in thousands):

	Fiscal quarters ended				Nine fiscal months ended
	September 27, 2025		September 28, 2024		September 27, 2025		September 28, 2024
Restricted stock units		3,542		2,646		3,246		243

If the average market price of Vishay common stock is less than the effective conversion price of the convertible senior notes due 2030, no shares are included in the diluted earnings per share computation for the convertible senior notes due 2030.  Pursuant to the indenture governing the convertible senior notes due 2030, Vishay will satisfy its conversion obligations by paying $1 cash per $1 principal amount of converted notes and settle any additional amounts due in cash and/or common stock.  

In connection with the issuance of the convertible senior notes due 2030, the Company entered into capped call transactions, which were not included in the calculation of diluted earnings per share as their effect would have been anti-dilutive.  The capped calls are intended to reduce the potential dilution to the Company's common stock in the event that at the time of conversion of the convertible senior notes due 2030 the Company's common stock price exceeds the conversion price of the convertible senior notes due 2030.