Q1 2026 Vishay Precision Group Inc Earnings Call Transcript

May 12, 2026 / 01:00 PM GMT

Release Date Price: $85.57 (+28.48%)

Transcript 10-Q8-K

Key Points

Positve

Vishay Precision Group Inc (VPG) reported a strong start to 2026 with first-quarter revenue of $84.4 million, up 18% year-over-year.
Orders were robust at $102.1 million, growing 26% sequentially, resulting in a book-to-bill ratio of 1.21, the strongest since 2022.
The sensor segment saw a 23% year-over-year revenue increase, driven by strong demand for precision resistors in AI infrastructure and defense applications.
The company introduced an updated target operating model aiming for 8% to 10% annual organic growth over the next three years, with a focus on faster revenue growth and higher profitability.
VPG's new organizational structure, including a Chief Business and Product Officer and Chief Operating Officer, is expected to drive $20 million in cost reductions and efficiency improvements over the next three years.

Negative

Despite the positive revenue growth, the first quarter operating margin was only 0.4%, with adjusted operating margin at 1.9%, indicating room for improvement.
The company reported a GAAP net loss of $319,000, or a loss of $0.02 per diluted share, highlighting financial challenges.
Adjusted free cash flow was negative $3.7 million for the first quarter, due to the GAAP net loss and higher working capital requirements.
Unfavorable foreign exchange rates negatively impacted the adjusted operating margin by $800,000 compared to the fourth quarter.
The precise timing and scale of production ramps for humanoid robotics remain unclear, posing uncertainty for future revenue projections in this segment.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

VPG.N - Vishay Precision Group Inc
Q1 2026 Vishay Precision Group Inc Earnings Call
May 12, 2026 / 01:00PM GMT

=====================
Presentation
--------------------------------------------------------------------------------
Unidentified_1 [1]
--------------------------------------------------------------------------------
Hello, and thank you for standing by. My name is Bella, and I will be your conference operator today.

At this time, I would like to welcome everyone to VPG First Quarter 2026 Earnings Call.

All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question-and-answer session. If you would like to ask a question during this time, simply press star, then the number one on your telephone keypad. To withdraw your question, press R1 again.

I would now like to turn the conference over to Steve Cantor, Senior Director of Investor Relations. You may begin.

--------------------------------------------------------------------------------

Already have an account? Log in

Get the full story

Subscribe Now

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

7-Day Free Trial · Cancel Anytime

Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Calculators Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App Newsletters Signup 中文

Education

Financial Glossary Tutorials FAQ Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.