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VISHAY INTERTECHNOLOGY INC

For the period ended Dec 31, 2025. Filed Feb 13, 2026.

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About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Feb 13, 2026

VSH$26.79+1.4%Stored close · as of Nov 10, 2026

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 10-K

☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended December 31, 2025

or

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from _______ to _______

Commission file number 1-7416

(Exact name of registrant as specified in its charter)

Delaware38-1686453
(State or other jurisdiction of incorporation or organization)(IRS employer identification no.)

Malvern, Pennsylvania 19355-2143

(Address of principal executive offices)

(610)644-1300

(Registrant’s telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading symbolName of exchange on which registered
Common stock, par value $0.10 per shareVSHNew York Stock Exchange LLC

Securities registered pursuant to Section 12(g) of the Act: None

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☒ No☐

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes☐ No ☒

Note– Checking the box above will not relieve any registrant required to file reports under Section 13 or 15(d) of the Exchange Act from their obligations under those Sections.

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and "emerging growth company" in Rule 12b-2 of the Exchange Act.

Large accelerated filer☒Accelerated filer☐
Non-accelerated filer☐Smaller reporting company☐
Emerging growth company☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report.☒

If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements.☐

Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b). ☐

Indicate by checkmark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes☐ No ☒

The aggregate market value of the voting stock held by non-affiliates computed by reference to the price at which the common equity was last sold as of the last business day of the registrant’s most recently completed second fiscal quarter ($15.96 on June 28, 2025), assuming conversion of all of its Class B common stock held by non-affiliates into common stock of the registrant, was $1,984,000,000. There is no non-voting stock outstanding.

As of February 11, 2026, registrant had 123,697,092 shares of its common stock and 12,097,148 shares of its Class B common stock outstanding.

DOCUMENTS INCORPORATED BY REFERENCE

Portions of the registrant’s definitive proxy statement, which will be filed within 120 days of December 31, 2025, are incorporated by reference into Part III.

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Form 10-K for the year ended December 31, 2025

CONTENTS

PART I
Item 1. Business4
Item 1A. Risk Factors16
Item 1B. Unresolved Staff Comments26
Item 1C. Cybersecurity26
Item 2. Properties27
Item 3. Legal Proceedings29
Item 4. Mine Safety Disclosures29
Information About Our Executive Officers30
PART II
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters, and Issuer Purchases of Equity Securities31
Item 6. [Reserved]32
Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations33
Item 7A. Quantitative and Qualitative Disclosures About Market Risk59
Item 8. Financial Statements and Supplementary Data61
Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure61
Item 9A. Controls and Procedures61
Item 9B. Other Information63
Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections63
PART III
Item 10. Directors, Executive Officers, and Corporate Governance63
Item 11. Executive Compensation63
Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters63
Item 13. Certain Relationships and Related Transactions, and Director Independence63
Item 14. Principal Accountant Fees and Services63
PART IV
Item 15. Exhibits and Financial Statement Schedules64
SIGNATURES68
Consolidated Financial Statements
Report of Independent Registered Public Accounting FirmF-2
Consolidated Balance Sheets as of December 31, 2025 and 2024F-4
Consolidated Statements of Operations for the years ended December 31, 2025, 2024, and 2023F-6
Consolidated Statements of Comprehensive Income for the years ended December 31, 2025, 2024, and 2023F-7
Consolidated Statements of Cash Flows for the years ended December 31, 2025, 2024, and 2023F-8
Consolidated Statements of Stockholders’ Equity for the years ended December 31, 2025, 2024, and 2023F-9
Notes to the Consolidated Financial StatementsF-10
ContentsView on SEC.gov

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