Vishay Precision Group Reports Strong Q1 Revenue Growth, Improved Profitability, and Record Backlog
VPG has more than doubled off its 52-week low of $24.885 on light trading volume (0.3× avg).
Summary
Vishay Precision Group reported strong first-quarter 2026 results with significant revenue growth, improved profitability, and record backlog, despite a slight decrease in operating cash flow.
Key Events · Earnings and Guidance · VPG
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Strong Revenue Growth
Net revenues increased 17.6% year-over-year to $84.4 million for the first fiscal quarter of 2026, driven by higher volume across all segments.
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Improved Profitability
Net loss attributable to VPG stockholders narrowed to $(0.3) million, or $(0.02) per diluted share, compared to $(0.9) million, or $(0.07) per diluted share, in the prior year period. Operating income turned positive at $0.34 million from a loss of $(0.06) million.
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Record Backlog and Strong Book-to-Bill
End-of-period backlog surged to $125.0 million, up from $108.2 million in the prior quarter, and the book-to-bill ratio increased to 1.21, indicating robust future demand.
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Negative Operating Cash Flow
Net cash used in operating activities was $(0.6) million for the quarter, a decrease from $5.2 million provided in the comparable prior year period.
Analysis · VPG · Manufacturing
Vishay Precision Group's first-quarter 2026 results show significant operational improvements, with net revenues increasing 17.6% year-over-year to $84.4 million. The company narrowed its net loss attributable to stockholders to $(0.3) million, or $(0.02) per diluted share, from $(0.9) million in the prior year. Operating income turned positive at $0.34 million, and gross profit margin improved to 39.0%. Demand indicators are strong, with end-of-period backlog reaching a record $125.0 million and a book-to-bill ratio of 1.21. While net cash used in operating activities was $(0.6) million, a decrease from the prior year, the company maintains it has sufficient liquidity. The filing also addresses the Israel-Iran conflict, stating it had no material impact on Q1 results, despite operations in Israel accounting for approximately 30% of Q1 revenues.
At the time of this filing, VPG was trading at $82.32 on NYSE in the Manufacturing sector, with a market capitalization of approximately $1.1B. The 52-week trading range was $24.89 to $83.99. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.