NEW YORK, Feb. 20, 2026 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced IEH Corporation (OTCQX: IEHC), a producer of high-performance PCB connectors, has qualified to trade on the OTCQX® Best Market. IEH Corporation upgraded to OTCQX from the OTCID™ Basic Market. IEH Corporation begins trading today on OTCQX under the symbol “IEHC.” U.S. investors can find current financial disclosure and Real-Time ...

Malaysian exports, driven by a surge in electronics shipments, rose at the fastest pace in over three years in January https://t.co/mNZ7wpgwZq ...

Core Viewpoint - Shenzhen has transformed from a small fishing village into a global innovation hub, showcasing its technological prowess and commitment to becoming a benchmark for China's socialist development model [1][25]. Group 1: Historical Context and Development - The establishment of the Shekou Industrial Zone in 1979 marked the beginning of Shenzhen's transformation, symbolized by the phrase "Time is Money, Efficiency is Life" to attract investment [2][4][31]. - The founding of Huawei in 1987 by Ren Zhengfei in Shekou highlights the entrepreneurial spirit that emerged during this period, leveraging initial capital from Hong Kong [4][28]. Group 2: Industry Growth and Key Players - Foxconn, established by Terry Gou in 1988, became the world's largest electronics manufacturing services provider, benefiting from Shenzhen's cost advantages and industrial ecosystem [6][31]. - Shenzhen's EMS capabilities have empowered global tech innovation, with companies like Foxconn, Luxshare Precision, and BYD Electronics playing significant roles in the supply chain [9][33]. Group 3: Current Trends and Future Outlook - Shenzhen is positioning itself as a leader in AI and robotics, with over 2,600 AI enterprises and projected revenue of approximately 220 billion yuan by 2025 [15][39]. - The "Robot Valley" in Shenzhen is emerging as a global innovation center for robotics, supported by a robust ecosystem of over 74,000 related enterprises and numerous educational institutions [19][39]. Group 4: Commercial Landscape - Huaqiangbei, known as "China's Electronics First Street," hosts a vast network of businesses and attracts over 7,000 foreign visitors daily, reflecting its significance in the global electronics market [11][35]. - The area is characterized by a practical and efficient business model, enabling startups to thrive, including notable companies like Ugreen Technology and Transsion Holdings [12][36].

Core Insights - Keysight Technologies, Inc. (KEYS) is set to report its first-quarter fiscal 2026 results on February 23, with expectations of higher year-over-year revenues driven by strong performance in both business segments [1][10] - The company has achieved a trailing four-quarter earnings surprise of 4.24% on average, indicating a positive trend in earnings performance [1] Product Innovations - Keysight introduced Quantum System Analysis, an advanced Electronic Design Automation solution that allows engineers to simulate and optimize quantum systems, significantly reducing development time by eliminating the need for costly cryogenic experiments [2] - The company also launched the Keysight A90 Application-Specific Automated Test Suite, designed to manage large firmware payloads in high-volume production environments, which could greatly benefit electronics manufacturers [3] Strategic Partnerships and Acquisitions - Keysight partnered with MediaTek to advance pre-6G technology, focusing on integrated sensing and communication to enhance wireless performance and innovation in next-generation networks [4] - The acquisition of Spirent Communications has diversified Keysight's product offerings, enhancing its commercial prospects across various sectors, including communications, automotive, aerospace, and defense [5] Revenue Expectations - The Zacks Consensus Estimate for revenues from the Communications Solutions Group is projected at $1.05 billion, up from $883 million a year ago [6] - Revenues from the Electronic Industrial Solutions Group are expected to reach $482.39 million, indicating growth from $415 million [6] - Overall, the consensus estimate for total revenues in the first quarter of fiscal 2026 is $1.54 billion, reflecting an increase from $1.29 billion, with adjusted earnings per share expected to improve to $1.99 from $1.82 [7][10]

Market Performance - The Stock Exchange of Thailand (SET) benchmark index increased by 1.2%, reaching a multi-month peak of 1,483.63 points, driven by investor confidence following recent election results indicating prolonged political stability under a new coalition government [2][9] - Major contributors to the market rally included Delta Electronics Thailand (DELTA) and True Corp (TRUE), with a total increase in investor wealth of 1.2 trillion baht over the past week [2][3] Sector Highlights - PTT Oil & Retail Business (OR) saw a rise of 2.9%, while Bumrungrad Hospital (BH) increased by 2.4%, reflecting positive market sentiment [3] - Infrastructure and energy firms such as Gulf Energy Development (GULF) and WHA Corp (WHA) attracted significant interest as the new government emphasized debt-relief and investment-led growth [3] International Developments - In India, the AI Impact Summit in Delhi continued despite Bill Gates canceling his keynote address, with the event featuring global leaders from companies like Alphabet Inc. (GOOGL) and OpenAI [4] - South American markets are closely watching political developments in Peru, where Jose Balcazar has been named interim president following the impeachment of President Jose Jeri, marking the ninth leader in a decade [5][9] Regional Market Trends - Broader Asia-Pacific markets exhibited mixed performance, with the Nikkei 225 facing challenges due to disappointing preliminary GDP data, while the ASX 200 found support from the mining sector, highlighted by a 28% increase in half-year net profit from BHP Group (BHP) [6]

Core Viewpoint - Vishay Intertechnology has launched a new series of ultra-compact thick film chip resistors, the CRCW0201-AT e3 series, which are AEC-Q200 qualified and designed for automotive, industrial, and telecommunications applications, providing a reliable and space-saving solution [1]. Product Features - The CRCW0201-AT e3 series resistors have a miniature footprint of 0.6 mm by 0.3 mm by 0.23 mm, significantly reducing PCB requirements by 50% compared to the next-larger 0402 case size [1][2]. - These resistors deliver a power rating of 0.05 W at +70 °C and an operating voltage of 30 V, with a temperature range from -55 °C to +155 °C, and are available in resistance values from 10 Ω to 1 MΩ [3]. - The devices feature tolerances of ± 1% and ± 5%, and a temperature coefficient of resistance (TCR) of ± 200 ppm/K [3]. Compliance and Manufacturing - The CRCW0201-AT e3 series resistors are RoHS-compliant and halogen-free, with a protective coating for electrical, mechanical, and climatic protection [4]. - They are suitable for automatic soldering processes and feature pure matte tin plating for compatibility with both lead-free and lead-containing soldering [4]. - Samples and production quantities are currently available, with lead times of 12 weeks [4]. Company Overview - Vishay Intertechnology is a major manufacturer of discrete semiconductors and passive electronic components, serving various markets including automotive, industrial, computing, consumer, telecommunications, military, aerospace, and medical [5].

Financial Data and Key Metrics Changes - The company achieved record adjusted EBITDA of $548 million for 2025, representing a 7% constant currency growth when excluding the impact of the graphics divestiture [13][20] - Adjusted EPS for the year reached a record $1.49, despite the graphics divestiture [14] - Net sales for 2025 were $2.6 billion, growing 6% organically [13] Business Line Data and Key Metrics Changes - The electronics segment saw organic growth of 10%, driven by AI and data center investments [10] - The Semiconductor Solutions business grew 13% organically, reflecting strong demand from advanced packaging applications [11] - The Specialties segment had organic growth of 4%, with modest volume improvement in core industrial and 9% year-over-year growth in energy solutions [11] Market Data and Key Metrics Changes - Demand from data center and high-performance computing markets drove 10% organic revenue growth in the electronics business [4] - The Specialty segment focuses on attractive niche markets, creating high-margin, recurring revenue streams [6] - The offshore hydraulic production fluid growth remained robust, contributing to the overall performance in the Specialties segment [14] Company Strategy and Development Direction - The company plans to continue focusing on operational excellence and integrating recent acquisitions, EFC and Micromax, to scale capacity for new products [22][23] - The strategy includes enhancing the portfolio through prudent capital allocation and targeting high-value growth opportunities in electronics [6][19] - The company aims to maintain a strong balance sheet and financial flexibility to support organic growth and strategic M&A [20] Management's Comments on Operating Environment and Future Outlook - Management expects market conditions in 2026 to resemble late 2025, with continued strength in high-performance computing and leading-edge electronics [21] - There is an acknowledgment of potential volatility in top-line performance due to metal price fluctuations, but these are viewed as timing differences with no long-term impact on profit dollars [21] - The company anticipates high single-digit organic adjusted EBITDA growth for 2026, with adjusted EPS growth in the mid- to high-teens [22] Other Important Information - The company generated $256 million of adjusted free cash flow in 2025, with expectations of around 50% conversion of EBITDA to free cash flow in 2026 [18][86] - The company ended 2025 with $627 million in cash and a net debt to adjusted EBITDA ratio of 1.8 times [20] Q&A Session Summary Question: Margin performance in the electronics business - Management acknowledged that metal price spikes impacted margins but expected incremental margins to normalize in 2026 [28][30] Question: Impact of rising memory prices - Management noted that while rising memory prices could affect consumer electronics, the demand surge from data centers would benefit the company [31][33] Question: New product adoption in 2026 - Management expressed confidence in new product traction and expected continued outperformance relative to market growth [36][39] Question: Specialty segment growth expectations - Management indicated that the EFC acquisition would enhance the specialty segment's growth and margins, with expectations of mid-single-digit growth [58] Question: Performance of Micromax and EFC in 2025 - Both acquisitions outperformed initial expectations, with Micromax achieving over 10% organic revenue growth [60][61] Question: Guidance for Q1 - Management provided a wider guidance range for Q1 due to potential metal price impacts and the integration of new acquisitions [52]

Element Solutions Inc Q4 2025 Earnings Call Summary - Moby Strategic Performance Drivers and Operational Context Record 2025 results were driven by 10% organic growth in Electronics, fueled by high-performance computing and AI-related data center investments. The Circuitry business benefited from market-leading pulse plating chemistry used in high-layer-count server boards essential for AI infrastructure. Specialty segment margins expanded 250 basis points through high-value selling and supply chain ...

Core Insights - Bel Fuse reported revenue of $175.94 million for the quarter ended December 2025, marking a year-over-year increase of 17.4% and exceeding the Zacks Consensus Estimate of $171.67 million by 2.49% [1] - The company achieved an EPS of $1.98, a significant improvement from -$0.14 a year ago, and surpassed the consensus EPS estimate of $1.68 by 17.86% [1] Financial Performance Metrics - Net Sales in Connectivity Solutions reached $60.48 million, exceeding the average estimate of $58.7 million by analysts, reflecting a year-over-year increase of 15.1% [4] - Net Sales in Power Solutions and Protection amounted to $92.55 million, slightly below the average estimate of $93.6 million, but still representing an 18.5% year-over-year growth [4] - Net Sales in Magnetic Solutions were reported at $22.91 million, surpassing the average estimate of $22.2 million, with a year-over-year increase of 19.1% [4] Stock Performance - Bel Fuse shares have returned +16.4% over the past month, contrasting with a -1.4% change in the Zacks S&P 500 composite, indicating strong relative performance [3] - The stock currently holds a Zacks Rank 2 (Buy), suggesting potential for outperformance in the near term [3]

Financial Data and Key Metrics Changes - Q4 2025 sales reached $202 million, a 5% increase compared to Q4 2024, and adjusted EPS was $0.89, nearly double the prior year [4][13] - Adjusted EBITDA margin improved by 500 basis points to 17.1%, with adjusted EBITDA of $34.4 million compared to $23.3 million in Q4 2024 [14][4] - Free cash flow for the year was $71 million, with $52 million in share repurchases and $197 million in net cash at year-end [9][16] Business Line Data and Key Metrics Changes - Industrial sales, the largest segment, accounted for 27% of total revenue, with high single-digit growth year-over-year [5][6] - Aerospace and Defense sales represented 16% of revenue, growing at a high single-digit rate for the full year despite a slight decline in Q4 [6] - EV and HEV sales remained at 14% of revenue, with Q4 sales declining year-over-year due to challenges in certain regions [7] - ADAS sales grew at a double-digit rate for the full year, benefiting from increased adoption and vehicle autonomy [8] Market Data and Key Metrics Changes - The company noted gradual improvements in end markets, particularly in industrial, ADAS, and renewable energy sectors [4][5] - Portable electronics sales declined in Q4 and for the full year, primarily due to a product reaching end of life [8] Company Strategy and Development Direction - The company aims to improve multi-year growth outlook and profitability initiatives, with a focus on securing design wins across various market segments [5][10] - Data centers have been identified as a significant new market opportunity, with initial design wins in the EMS business [10][26] - The company plans to maintain disciplined capital allocation and continue investing in facilities and operating structures [11][12] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism for Q1 2026, expecting continued growth in industrial sales but uncertainty in automotive and EV sectors [23][24] - The company anticipates significant year-over-year improvements in Q1 2026 sales and profitability, with guidance for revenues between $193 million and $208 million [17][18] Other Important Information - The company realized $25 million in cost and operating expense improvements in 2025, with an additional $20 million expected by the end of 2026 [9][11] - Restructuring costs related to Curamik operations in Germany are expected to deliver $13 million in annual savings [19][38] Q&A Session Summary Question: Guidance for Q1 and near-term outlook for ADAS and renewables - Management expects stronger growth in industrial sales but sees uncertainty in automotive and EV sectors, with guidance reflecting these conditions [22][23] Question: Key applications in data centers - The company is focusing on thermal management and signal integrity technologies, with opportunities expected to materialize in 2026 and 2027 [25][26] Question: Broader initiatives for growth beyond data centers - Management highlighted growth targets across all business segments, with efforts to engage directly with OEMs and develop new technologies for EV and renewables [32][34] Question: Profitability improvement initiatives for 2026 - Current initiatives are in progress, with expected benefits from restructuring in Germany anticipated in the second half of 2026 [36][38] Question: Impact of tariffs on business operations - The company's global manufacturing capabilities help mitigate tariff impacts, allowing for local supply to customers in various regions [56][57]