VPG Reports Fiscal 2026 Second Quarter Results; Orders of $96 Million Reflect Continued Strength in Key Markets

Vishay Precision Group, Inc. (NYSE: VPG), a leader in precision measurement and sensing technologies, today announced its results for its fiscal 2026 second quarter ended July 4, 2026. Second Fiscal Quarter Highlights ( comparisons are to the comparable period a year ago) : Net revenues of $83.9 million increased 11.7%. Gross profit margin was 38.6% as compared to 40.7% Adjusted gross profit margin* was 38.6%, as compared to 41.0% Operating margin was (0.4%) as compared to 3.6%. Adjusted operating margin* was 1.7%, as compared to 5.4%. Diluted net loss per share of $0.13 compared to diluted net earnings per share of $0.02. Adjusted diluted net earnings per share* of $0.04 compared to $0.21. Adjusted EBITDA* was $5.5 million with an adjusted EBITDA margin* of 6.5%.

Ziv Shoshani, Chief Executive Officer of VPG, commented, “We delivered another quarter of strong order momentum, with bookings of $95.5 million and a book-to-bill ratio of 1.14, driven by record quarterly orders for our precision resistors serving AI-related semiconductor, data center, aerospace and defense applications. During the quarter, we received a vendor nomination letter from our initial humanoid robotics customer, positioning us to support their planned production ramp of next-generation humanoid robots in the second half of 2026. Supported by continuing strong demand trends in our key growth markets including expected humanoid bookings and a growing backlog, we believe we are positioned to deliver organic annual revenue growth in fiscal 2026 above the 8% to 10% range previously outlined in our three-year model.”

The Company noted that its second-quarter revenue was impacted by approximately $3.0 million of delayed shipments in its steel-related systems business due to supply chain challenges resulting from implementing a new ERP system. Production at this facility is increasing, and these orders are in backlog with shipments expected to be completed by the end of the year.

Mr. Shoshani added: "Our second-quarter profits were impacted by unfavorable foreign exchange movements, which reduced profits by $3.3 million compared with the prior-year period, and by $0.9 million sequentially. Our financial results were also affected by the delayed shipments and unfavorable product mix. We continued our strategic investments to support our growth initiatives while maintaining a disciplined focus on operational execution. We remain on track to deliver approximately $6 million of cost savings in 2026 as part of three-year goal of achieving $20 million in cost reductions."

Second Fiscal Quarter and Six-Month Financial Trends: The Company's second fiscal quarter 2026 net loss attributable to VPG stockholders was $1.7 million, or $0.13 per diluted share, compared to net earnings of $0.3 million or $0.02 per diluted share, in the second fiscal quarter of 2025. The second-quarter operating loss included $3.3 million related to unfavorable currency exchange rates compared to the prior year. In the six fiscal months ended July 4, 2026, net loss attributable to VPG stockholders were $2.0 million or $0.15 per diluted share, compared to net loss of $0.7 million, or $0.05 per diluted share, in the six fiscal months ended June 28, 2025. The operating loss for the first six months of 2026 included $4.6 million related to unfavorable foreign currency exchange rates compared to the same period a year ago. The second fiscal quarter 2026 adjusted net earnings were $0.6 million, or $0.04 per adjusted diluted share*, compared to net earnings of $2.7 million or $0.21 per adjusted diluted share* in the second fiscal quarter of 2025. In the six fiscal months...