Earnings

VPG Lifts 2026 Growth Outlook After Robotics Nomination

The Tip Desk · August 5, 2026 · 3 min read

Bookings were $95.5 million and the book-to-bill ratio was 1.14 as the company said it is positioned for organic growth above 8% to 10%.

Vishay Precision Group, Inc. (VPG), a maker of precision measurement and sensing technologies, said it is positioned to deliver organic annual revenue growth in fiscal 2026 above the 8% to 10% range previously outlined in its three-year model, citing continued demand in growth markets, expected humanoid bookings and a growing backlog.

The company also received a vendor nomination letter from its initial humanoid robotics customer, positioning it to support that customer’s planned production ramp of next-generation humanoid robots in the second half of 2026.

Net revenues were $83.9 million, up 11.7% from a year earlier, a slower pace than the 17.6% year-over-year increase in the first fiscal quarter. Bookings of $95.5 million and a book-to-bill ratio of 1.14 followed $102.1 million of bookings and a 1.21 book-to-bill ratio in the prior quarter. Chief Executive Officer Ziv Shoshani said the order momentum was driven by record quarterly orders for precision resistors serving AI-related semiconductor, data center, aerospace and defense applications.

Profitability compressed. Gross profit margin was 38.6%, down from 39.0% in the first quarter. Operating margin turned negative at (0.4%) after 0.4% in the prior quarter; adjusted operating margin slipped to 1.7% from 1.9%. Adjusted EBITDA fell to $5.5 million, or a 6.5% margin, from $5.9 million, or 7.0%. The company reported a net loss attributable to stockholders of $1.7 million, or $0.13 a share, compared with net earnings of $0.3 million, or $0.02 a share, a year earlier. Adjusted diluted net earnings were $0.04 a share.

Shoshani said 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, and by delayed shipments and unfavorable product mix. The company said revenue was impacted by approximately $3.0 million of delayed shipments in its steel-related systems business due to supply chain challenges from implementing a new ERP system. Production at that facility is increasing, and those orders are in backlog with shipments expected to be completed by the end of the year. The company said it remains on track to deliver approximately $6 million of cost savings in 2026 as part of a three-year goal of $20 million in cost reductions.

Sensors, the largest reportable segment, posted revenue of $33.4 million, up 25.8% from a year earlier. Sequentially, that revenue rose only 0.3% after a 9.6% sequential increase in the first quarter. The year-over-year increase was primarily attributable to higher sales of precision resistors in Test and Measurement and AMS and higher sales of strain gage sensors in AMS and Other markets. Sensors gross profit margin was 31.5%. The year-over-year decline was primarily due to unfavorable foreign currency exchange rates, which offset higher volume, and the sequential decline was primarily due to unfavorable foreign currency exchange rates, higher materials costs and wage increases.

Weighing Solutions revenue was $30.3 million. Gross profit margin recovered to 37.3% from 34.2% in the first quarter. The year-over-year margin decrease was primarily due to unfavorable product mix and higher manufacturing costs, partially offset by higher volume, and the sequential increase primarily reflected cost reductions and favorable product mix.

Measurement Systems revenue was $20.2 million. Gross profit margin was 52.5%. The year-over-year margin decrease was primarily due to unfavorable product mix, which offset higher volume.

Cash and cash equivalents were $75.7 million at July 4, 2026. For the third fiscal quarter of 2026 at constant second-quarter foreign currency exchange rates, the company expects net revenues of $84 million to $89 million despite seasonal impacts in European operations. Guidance excludes third-quarter tariff refunds to customers, which Shoshani said have no impact on profits.

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