Vishay Precision Group, Inc. (VPG) Earnings Call Transcripts

Vishay Precision Group, Inc.'s Latest Earnings Call - Q1 FY2026

In the first quarter of 2026, Vishay Precision Group, Inc. (VPG) reported revenue of $84.4 million, an 18% increase year-over-year, and a GAAP loss of $0.02 per diluted share. The company experienced strong order growth, with total orders reaching $102.1 million, resulting in a book-to-bill ratio of 1.21, the highest since 2022. Management raised their guidance for the second quarter, expecting revenues between $85 million and $90 million, reflecting confidence in sustained demand across key segments despite macroeconomic uncertainties.

Reported metrics

Guidance from management

For Q2 2026, VPG expects net revenues in the range of $85 million to $90 million, assuming constant first fiscal quarter 2026 exchange rates. This guidance reflects confidence in sustained demand across key segments.

What management said

The biggest upside -- okay, so let me say the following. Since we have longer lead items in respect to shorter lead items, what we have seen naturally on the shorter lead items, higher demand than what we have anticipated. So to that respect, I think it was avionic, military and space in the measurement systems where we have a shorter cycle time.

Let me say that the math you calculated sounds right. I think that at this point in time, I would say that this is what we believe could be a reasonable assumption. We do hope that things would turn quickly. But at this point, we have to put assumptions, and we feel comfortable with this assumption. But anything can happen. Yes.

What analysts pressed on

Analysts expressed concerns regarding the sustainability of the strong booking trends and the impact of macroeconomic uncertainties on future performance. There were also questions about the profit profile associated with the new revenue thresholds and how it aligns with historical margins.

Main topics on the call

• Strong Revenue Growth — VPG reported first quarter revenues of $84.4 million, up 18% year-over-year, driven by robust demand across all segments. CEO Ziv Shoshani noted, "Orders were particularly robust at $102.1 million, growing 26% sequential...
• Segment Performance — The Sensors segment saw a 23% year-over-year revenue increase, with bookings totaling $45.2 million, up 29% sequentially. This segment's growth was attributed to strong demand for precision resistors in AI infrastructure...
• New Target Operating Model — VPG introduced an updated operating model targeting 8% to 10% compounded annual organic growth over the next three years. This model aims for a gross margin of 46.5% and operating margin of 14.5% to 15.5%, reflecting a s...
• Cost Reduction Initiatives — Management indicated plans for over $20 million in cost reductions and efficiency improvements over the next three years. Ziv Shoshani stated, "We have a clear plan to deliver more than $20 million of cost reductions and...

Read the full Vishay Precision Group, Inc. transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 30 Vishay Precision Group, Inc. earnings call transcripts on record, spanning February 19, 2020 to August 5, 2026. Based on this history, Vishay Precision Group, Inc. reports quarterly. The most recent call on file is dated August 5, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

VPG

Exchange

NYSE

Country

US

Sector

Information Technology

Industry

Electronic Equipment, Instruments and Components

Calls on record

30

First call

February 19, 2020

Most recent

August 5, 2026

Reporting cadence

quarterly