Vishay Precision Group Q2 Earnings Call Highlights

Revenue rose 12% year over year to $83.9 million , while orders reached $95.5 million and the book-to-bill ratio was 1.14, marking the seventh consecutive quarter at or above 1.0. The Sensors segment was the key growth driver, with record bookings of $48.1 million and a 1.44 book-to-bill ratio, supported by demand from AI infrastructure, semiconductor equipment, fiber-optic communications, aerospace and defense. VPG also received a production nomination from its initial humanoid robotics customer, which could ramp to thousands of robots per week later in 2026. Profitability was pressured by foreign exchange, higher costs and a roughly $3 million KELK shipment delay, resulting in a $1.7 million GAAP loss. Management expects third-quarter revenue of $84 million to $89 million, delayed KELK shipments to contribute more significantly in the fourth quarter, and full-year organic growth above its 8%–10% target. Vishay Precision Group NYSE: VPG reported second-quarter 2026 revenue of $83.9 million, up 12% from a year earlier and essentially flat sequentially, as strong demand in its Sensors segment offset mixed conditions elsewhere in the business. The company said orders reached $95.5 million, producing a consolidated book-to-bill ratio of 1.14 and marking the seventh consecutive quarter at or above 1.0. CEO and President Ziv Shoshani said order momentum reflected the company’s strategy to increase exposure to secular growth markets, including semiconductor equipment, data-center infrastructure, fiber-optic communications, aerospace and defense. The company generated $11.6 million of bookings from business-development initiatives during the quarter and $21.6 million in the first half, placing it on track for its $45 million full-year objective. Revenue was affected by a temporary delay of roughly $3 million in shipments at the KELK business within Measurement Systems. Shoshani said supply-chain challenges related to the rollout of a new enterprise resource planning system caused the delays. The company said the ERP issues have been addressed, production has returned to normalized levels, and it expects to ship the delayed orders by the end of the fourth quarter. The Sensors segment generated revenue of $33.4 million, approximately flat from the first quarter and up 26% year over year. Segment bookings rose 6% sequentially to a record $48.1 million, resulting in a book-to-bill ratio of 1.44. VPG attributed demand to AI-related infrastructure investments. Shoshani cited strong precision-resistor orders from semiconductor equipment manufacturers and semiconductor-device makers that use the products in custom test systems. Bookings from makers of long-haul, high-speed fiber-optic transmission equipment also remained elevated, while demand for avionics and defense applications continued. The company received a formal vendor nomination letter from its initial humanoid robotics customer during the quarter. According to Shoshani, the customer expects to begin a production ramp in the second half of 2026, potentially increasing from tens of robots per week to hundreds and then thousands per week by year-end. VPG has hired and trained personnel, made capital investments and ordered raw materials based on the customer’s projected demand, he said. Humanoid-related bookings were approximately $500,000 during the second quarter, while sales totaled $320,000. Shoshani said VPG is also providing prototypes to third and fourth humanoid customers, while a second customer is reevaluating and refining its designs.