Earnings Per Share

6 Months Ended

Jul. 04, 2026

Note 11 – Earnings Per Share

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

	Fiscal quarters ended				Six fiscal months ended
		July 4, 2026		June 28, 2025		July 4, 2026		June 28, 2025

Numerator:
Net earnings (loss)	$	28,124	$	2,004	$	35,288	$	(2,088	)

Denominator:
Denominator for basic earnings (loss) per share:
Weighted average shares		136,682		135,569		136,287		135,617
Outstanding phantom stock units		142		133		141		133
Adjusted weighted average shares - basic		136,824		135,702		136,428		135,750

Effect of dilutive securities:
Restricted stock units		4,115		465		2,771		-
Convertible senior notes due 2030		6,962		-		3,481		-
Dilutive potential common shares		11,077		465		6,252		-

Denominator for diluted earnings (loss) per share:
Adjusted weighted average shares - diluted		147,901		136,167		142,680		135,750

Basic earnings (loss) per share	$	0.21	$	0.01	$	0.26	$	(0.02	)

Diluted earnings (loss) per share	$	0.19	$	0.01	$	0.25	$	(0.02	)

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

Six fiscal months ended

July 4, 2026

June 28, 2025

July 4, 2026

June 28, 2025

Restricted stock units

540

1,295

437

3,099

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 (loss) 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. Similarly, the convertible senior notes due 2025 were considered, but not included, in the diluted earnings per share computation for any period presented or any period they were outstanding.

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.