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

VPG
  • Vishay Precision Group reported fiscal 2026 second-quarter net revenues of $83.9 million, an 11.7% increase year-over-year.
  • Diluted net loss per share was $0.13 compared to $0.02 earnings per share in the prior-year period.
  • Adjusted diluted net earnings per share were $0.04, down from $0.21 in the comparable quarter of 2025.
  • Gross profit margin declined to 38.6% from 40.7%, primarily due to unfavorable foreign exchange rates, higher material costs, & wage increases.
  • Operating margin was negative 0.4% compared to 3.6% previously, impacted by $3.3 million in unfavorable currency exchange losses.
  • The company recorded $95.5 million in bookings with a book-to-bill ratio of 1.14, driven by record orders for precision resistors in AI, data center, aerospace, & defense sectors.
  • VPG received a vendor nomination letter from its initial humanoid robotics customer to support production ramp-up of next-generation robots in the second half of 2026.
  • Revenue was reduced by approximately $3.0 million due to delayed steel-related system shipments caused by supply chain challenges from a new ERP system implementation.
  • Sensors segment revenue grew 25.8% to $33.4 million, while Weighing Solutions segment revenue increased 3.1% to $30.3 million.
  • Measurement Systems segment revenue rose 5.2% to $20.2 million year-over-year but decreased 3.1% sequentially.
  • Management expects third-quarter fiscal 2026 net revenues to range between $84 million & $89 million at constant foreign exchange rates.
  • The company targets $6 million in cost savings for 2026 as part of a three-year $20 million cost reduction goal.
  • Adjusted EBITDA for the quarter was $5.5 million, representing a 6.5% margin.
  • The company revised non-GAAP definitions starting in fiscal 2026 to exclude share-based compensation expense to better reflect core operating performance.
  • Cash and cash equivalents ended the quarter at $75.7 million, down from $87.4 million at the start of the period.