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

CHESTERBROOK, Pa., Aug. 05, 2026 (GLOBE NEWSWIRE) -- Vishay Precision Group, Inc. (NYSE: VPG), a leader in precision measurement and sensing technologies, today announced its results for its fiscal 2026 second quarter ended July 4, 2026.

Second Fiscal Quarter Highlights (comparisons are to the comparable period a year ago):

• Net revenues of $83.9 million increased 11.7%.
• Gross profit margin was 38.6% as compared to 40.7%
• Adjusted gross profit margin* was 38.6%, as compared to 41.0%
• Operating margin was (0.4%) as compared to 3.6%.
• Adjusted operating margin* was 1.7%, as compared to 5.4%.
• Diluted net loss per share of $0.13 compared to diluted net earnings per share of $0.02.
• Adjusted diluted net earnings per share* of $0.04 compared to $0.21.
• Adjusted EBITDA* was $5.5 million with an adjusted EBITDA margin* of 6.5%.
  
  

Ziv Shoshani, Chief Executive Officer of VPG, commented, “We delivered another quarter of strong order momentum, with bookings of $95.5 million and a book-to-bill ratio of 1.14, driven by record quarterly orders for our precision resistors serving AI-related semiconductor, data center, aerospace and defense applications. During the quarter, we received a vendor nomination letter from our initial humanoid robotics customer, positioning us to support their planned production ramp of next-generation humanoid robots in the second half of 2026. Supported by continuing strong demand trends in our key growth markets including expected humanoid bookings and a growing backlog, we believe we are positioned to deliver organic annual revenue growth in fiscal 2026 above the 8% to 10% range previously outlined in our three-year model.”

The Company noted that its second-quarter revenue was impacted by approximately $3.0 million of delayed shipments in its steel-related systems business due to supply chain challenges resulting from implementing a new ERP system. Production at this facility is increasing, and these orders are in backlog with shipments expected to be completed by the end of the year.

Mr. Shoshani added: "Our 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. Our financial results were also affected by the delayed shipments and unfavorable product mix. We continued our strategic investments to support our growth initiatives while maintaining a disciplined focus on operational execution. We remain on track to deliver approximately $6 million of cost savings in 2026 as part of three-year goal of achieving $20 million in cost reductions."

Second Fiscal Quarter and Six-Month Financial Trends:
The Company's second fiscal quarter 2026 net loss attributable to VPG stockholders was $1.7 million, or $0.13 per diluted share, compared to net earnings of $0.3 million or $0.02 per diluted share, in the second fiscal quarter of 2025. The second-quarter operating loss included $3.3 million related to unfavorable currency exchange rates compared to the prior year.

In the six fiscal months ended July 4, 2026, net loss attributable to VPG stockholders were $2.0 million or $0.15 per diluted share, compared to net loss of $0.7 million, or $0.05 per diluted share, in the six fiscal months ended June 28, 2025. The operating loss for the first six months of 2026 included $4.6 million related to unfavorable foreign currency exchange rates compared to the same period a year ago.

The second fiscal quarter 2026 adjusted net earnings were $0.6 million, or $0.04 per adjusted diluted share*, compared to net earnings of $2.7 million or $0.21 per adjusted diluted share* in the second fiscal quarter of 2025.

In the six fiscal months ended July 4, 2026, adjusted net earnings* were $1.5 million, or $0.11 per adjusted diluted share*, compared to net earnings of $3.6 million, or $0.28 per adjusted diluted share* in the six fiscal months ended June 28, 2025.

Segment Performance:
The Sensors segment revenue of $33.4 million in the second fiscal quarter of 2026 increased 25.8% from $26.6 million in the second fiscal quarter of 2025. Sequentially, revenue increased 0.3% compared to $33.3 million in the first fiscal quarter of 2026. The year-over-year increase in revenue was primarily attributable to higher sales of precision resistors in the Test and Measurement and AMS and higher sales of strain gage sensors in the AMS and Other markets. Sequentially, the increase in revenue primarily reflected higher sales of precision resistors in the Test & Measurement and AMS markets, which was mostly offset by lower sales of strain gages in the Test and Measurement market.

Gross profit margin for the Sensors segment was 31.5% for the second fiscal quarter of 2026, which decreased from 32.0% in the second fiscal quarter of 2025 and decreased from 34.8% in the first fiscal quarter of 2026. Adjusted gross margin* in the second fiscal quarter of 2025 of 32.2% was adjusted for $0.1 million of start-up costs. The year-over-year decrease in gross profit margin was primarily due to unfavorable foreign currency exchange rates, which offset higher volume. The sequential decrease in gross profit margin was primarily due to unfavorable foreign currency exchange rates, higher materials costs and wage increases.

The Weighing Solutions segment revenues of $30.3 million in the second fiscal quarter of 2026 increased 3.1% from $29.4 million in the second fiscal quarter of 2025. Sequentially, revenue increased 0.4% compared to $30.2 million in the first fiscal quarter of 2026. The year-over-year increase in revenue was mainly attributable to higher sales in the General Industrial market for process weighing applications. Sequentially, higher revenue in the Transportation market was offset by lower revenue in Other markets.

Gross profit margin for the Weighing Solutions segment was 37.3% for the second fiscal quarter of 2026, which decreased from adjusted gross margin of 40.2% in the second fiscal quarter of 2025 and increased from 34.2% in the first fiscal quarter of 2026. The year-over-year decrease in gross profit margin was primarily due to unfavorable product mix and higher manufacturing costs, partially offset by higher volume. The sequential increase in gross profit margin primarily reflected cost reductions and favorable product mix.

The Measurement Systems segment revenues of $20.2 million in the second fiscal quarter of 2026 increased 5.2% from $19.2 million in the second fiscal quarter of 2025. Sequentially, revenues decreased 3.1% compared to $20.8 million in the first fiscal quarter of 2026. The year-over-year increase was primarily attributable to higher revenue in the AMS and Steel markets, which offset lower sales in the Transportation market. Sequentially, the decrease in revenue was primarily due to lower sales in the AMS and Transportation markets which were partially offset by higher sales in the Steel market.

Gross profit margin for the Measurement Systems segment was 52.5% for the second fiscal quarter of 2026, which decreased from 54.6% in the second fiscal quarter of 2025, and decreased from 52.6% in the first fiscal quarter of 2026. The year-over-year decrease in gross profit margin was primarily due to unfavorable product mix which offset higher volume. Second-quarter gross margin was essentially flat with the first quarter, as manufacturing efficiencies offset lower volume and unfavorable product mix.

Near-Term Outlook
“For the third fiscal quarter of 2026 at constant second fiscal quarter 2026 foreign currency exchange rates, despite seasonal impacts in our European operations, we expect net revenues to be in the range of $84 million to $89 million. Our guidance excludes third-quarter tariff refunds to customers which have no impact on profits,” said Mr. Shoshani.

*Use of Non-GAAP Financial Information:
Beginning in fiscal 2026, the Company revised its definition of certain non-GAAP financial measures to exclude share-based compensation expense in addition to the other items described below. This change was made in light of the Company’s evolving compensation structure following recent organizational changes, including the hiring of senior executives and the expansion of equity-based incentive programs to attract and retain key talent.

Management believes that excluding share-based compensation expense in certain non-GAAP financial measures provides investors with additional insight into the Company’s core operating performance and enhanced understanding of business trends across reporting periods, including those in comparison to its main peer companies.

Share-based compensation expense will continue to be reflected in the Company's GAAP financial results and will be set forth in a specific line item in the reconciliation table between GAAP and non-GAAP measures. Prior-period non-GAAP financial measures have been recast to conform to the current presentation.

The Company defines “adjusted gross profit margin” as gross profit margin before start-up costs and share-based compensation expense. “Adjusted operating margin” is defined as operating margin before start-up costs, restructuring costs, severance costs and share-based compensation expense. “Adjusted net earnings” and “adjusted diluted net earnings per share” are defined as net earnings attributable to VPG stockholders before start-up costs, restructuring costs and severance costs, share-based compensation expense, foreign currency exchange gains and losses and associated tax effects. We define “Adjusted EBITDA” as earnings before interest, taxes, depreciation, and amortization, start-up costs, restructuring costs and severance costs, foreign currency exchange gains and losses and share-based compensation expense.

“Adjusted free cash flow” for the second fiscal quarter of 2026 is defined as the amount of cash generated from operating activities ($0.3 million) in excess of capital expenditures ($(2.0) million), net of proceed, if any, from the sale of assets ($0.3 million).

Management believes that these non-GAAP measures are useful to investors because each present what management views as our core operating results for the relevant period. The adjustments to the applicable GAAP measures relate to occurrences or events that are outside of our core operations, and management believes that the use of these non-GAAP measures provides a consistent basis to evaluate our operating profitability and performance trends across comparable periods. These reconciling items are indicated on the accompanying reconciliation schedules and are more fully described in VPG’s consolidated financial statements presented in our Annual Report on Form 10-K and Quarterly Reports on Forms 10-Q.

Conference Call and Webcast:
A conference call will be held on Wednesday, August 5, 2026 at 9:00 a.m. ET (8:00 a.m. CT). To access the conference call, interested parties may call 1-888-596-4144 or internationally +1-646-968-2525 and use passcode 6155497, or log on to the investor relations page of the VPG website at ir.vpgsensors.com. A replay will be available approximately one hour after the completion of the call by calling toll-free 1-800-770-2030 or internationally +1-609-800-9909 and by using passcode 6155497. The replay will also be available on the “Events” page of investor relations section of the VPG website at ir.vpgsensors.com.

About VPG:
Vishay Precision Group, Inc. (VPG) is a leader in precision measurement and sensing technologies. Our sensors, weighing solutions and measurement systems optimize and enhance our customers’ product performance across a broad array of markets to make our world safer, smarter, and more productive. To learn more, visit VPG at www.vpgsensors.com and follow us on LinkedIn.

Forward-Looking Statements:
From time to time, information provided by us, including, but not limited to, statements in this press release, or other statements made by or on our behalf, may contain or constitute “forward-looking” information within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve a number of risks, uncertainties, and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from those anticipated. Such statements are based on current expectations only, and are subject to certain risks, uncertainties, and assumptions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, expected, estimated, or projected. Among the factors that could cause actual results to materially differ include: general business and economic conditions; significant developments from the recent and potential changes in tariffs and trade regulation; impact of inflation; potential issues respecting the United States federal government debt ceiling; global labor and supply chain challenges; difficulties or delays in identifying, negotiating and completing acquisitions and integrating acquired companies; the inability to realize anticipated synergies and expansion possibilities; difficulties in new product development; changes in competition and technology in the markets that we serve and the mix of our products required to address these changes; changes in foreign currency exchange rates; political, economic, and health (including pandemics) instabilities; instability or disruption caused by military hostilities in the regions or countries in which we operate (including Israel); difficulties in implementing our cost reduction strategies, such as underutilization of production facilities, labor unrest or legal challenges to our lay-off or termination plans, operation of redundant facilities due to difficulties in transferring production to achieve efficiencies; compliance issues under applicable laws, such as export control laws, including the outcome of our voluntary self-disclosure of export control non-compliance; our ability to execute our corporate strategy and business continuity, operational and budget plans; and other factors affecting our operations, markets, products, services, and prices that are set forth in our Annual Report on Form 10-K for the fiscal year ended December 31, 2025. We caution you not to place undue reliance on forward-looking statements, which speak only as of the date of this report or as of the dates otherwise indicated in such forward-looking statements. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

Contact:
Steve Cantor
Vishay Precision Group, Inc.
781-222-3516
[email protected]

VISHAY PRECISION GROUP, INC.
Consolidated Condensed Statements of Operations
(Unaudited - In thousands, except per share amounts)

 Fiscal Quarter Ended  July 4, 2026  June 28, 2025 Net revenues$83,936  $75,161 Costs of products sold 51,497   44,567 Gross profit 32,439   30,594         Selling, general and administrative expenses 31,960   27,701 Restructuring costs 773   185 Operating (loss) income (294)  2,708         Other expense:       Interest expense (345)  (550)Other (1,215)  (1,262)Other expense (1,560)  (1,812)        (Loss) Income before taxes (1,854)  896         Income tax (benefit) expense (148)  592         Net (loss) earnings (1,706)  304 Less: net earnings attributable to noncontrolling interests 14   56 Net (loss) earnings attributable to VPG stockholders$(1,720) $248         Basic (loss) earnings per share attributable to VPG stockholders$(0.13) $0.02 Diluted (loss) earnings per share attributable to VPG stockholders$(0.13) $0.02         Weighted average shares outstanding - basic 13,310   13,263 Weighted average shares outstanding - diluted 13,310   13,309 

VISHAY PRECISION GROUP, INC.
Consolidated Condensed Statements of Operations
(Unaudited - In thousands, except per share amounts)

 Six Fiscal Months Ended  July 4, 2026  June 28, 2025 Net revenues$168,288  $146,902 Costs of products sold 102,974   89,262 Gross profit 65,314   57,640         Selling, general and administrative expenses 64,047   54,412 Restructuring costs 1,222   580 Operating income 45   2,648         Other expense:       Interest expense (674)  (1,101)Other (1,384)  (1,938)Other expense (2,058)  (3,039)        Loss before taxes (2,013)  (391)        Income tax (benefit) expense (20)  260         Net loss (1,993)  (651)Less: net earnings attributable to noncontrolling interests 46   43 Net loss attributable to VPG stockholders$(2,039) $(694)        Basic loss per share attributable to VPG stockholders$(0.15) $(0.05)Diluted loss per share attributable to VPG stockholders$(0.15) $(0.05)        Weighted average shares outstanding - basic 13,282   13,259 Weighted average shares outstanding - diluted 13,282   13,259 

VISHAY PRECISION GROUP, INC.
Consolidated Condensed Balance Sheets
(In thousands)

 July 4, 2026  December 31, 2025  (Unaudited)     Assets       Current assets:       Cash and cash equivalents$75,702  $87,366 Accounts receivable, net 62,198   56,348 Inventories:       Raw materials 30,199   32,760 Work in process 30,184   25,794 Finished goods 23,822   24,269 Inventories, net 84,205   82,823         Prepaid expenses and other current assets 22,152   20,425 Total current assets 244,257   246,962         Property and equipment:       Land 2,367   2,382 Buildings and improvements 80,482   78,737 Machinery and equipment 141,095   137,230 Software 12,195   11,692 Construction in progress 1,712   4,162 Accumulated depreciation (162,799)  (158,123)Property and equipment, net 75,052   76,080         Goodwill 47,090   47,367 Intangible assets, net 36,117   38,227 Operating lease right-of-use assets 22,057   22,892 Other non-current assets 26,150   24,361 Total assets$450,723  $455,889 

VISHAY PRECISION GROUP, INC.
Consolidated Condensed Balance Sheets
(In thousands)

 July 4,
2026  December 31,
2025  (Unaudited)     Liabilities and equity       Current liabilities:       Trade accounts payable$11,449  $10,530 Payroll and related expenses 20,276   19,569 Other accrued expenses and other current liabilities 22,356   20,833 Current portion of operating lease liabilities 4,706   4,347 Total current liabilities 58,787   55,279         Long-term debt 15,640   20,583 Deferred income taxes 3,682   3,834 Operating lease liabilities 18,907   19,547 Other non-current liabilities 14,780   14,200 Accrued pension and other postretirement costs 6,320   6,219 Total liabilities 118,116   119,662         Equity:       Common stock, par value $0.10 per share: 25,000,000 shares authorized; 12,297,543 shares outstanding as of July 4, 2026 and 12,256,197 shares outstanding as of December 31, 2025 1,344   1,340 Class B convertible common stock, convertible common stock, par value $0.10 per share: 3,000,000 shares authorized; 1,022,887 shares outstanding as of July 4, 2026 and December 31, 2025 103   103 Treasury stock, at cost - 1,137,995 shares held at July 4, 2026 and December 31, 2025 (25,335)  (25,335)Capital in excess of par value 205,545   204,360 Retained earnings 195,231   197,270 Accumulated other comprehensive loss (44,137)  (41,367)Total Vishay Precision Group, Inc. stockholders' equity 332,751   336,371 Noncontrolling interests (144)  (144)Total equity 332,607   336,227 Total liabilities and equity$450,723  $455,889 

VISHAY PRECISION GROUP, INC.
Consolidated Condensed Statements of Cash Flows
(Unaudited - In thousands)

 Six Fiscal Months Ended  July 4, 2026  June 28, 2025 Operating activities       Net loss$(1,993) $(651)Adjustments to reconcile net earnings to net cash provided by operating activities:       Depreciation and amortization 8,287   7,889 (Gain) loss on sale of property and equipment (136)  33 Share-based compensation expense 1,555   1,057 Inventory write-offs for obsolescence 1,329   1,649 Deferred expense taxes (1,057)  (881)Foreign currency impacts and other items 879   397 Net changes in operating assets and liabilities:       Accounts receivable (6,592)  1,614 Inventories (3,350)  (1,525)Prepaid expenses and other current assets (2,002)  (1,214)Trade accounts payable 715   329 Other current liabilities 2,605   3,294 Other non current assets and liabilities, net (370)  (1,012)Accrued pension and other postretirement costs, net (195)  232 Net cash (used in) provided by operating activities (325)  11,211         Investing activities       Capital expenditures (5,046)  (2,760)Proceeds from asset held from sale and sale of property and equipment 297   20 Net cash used in investing activities (4,749)  (2,740)        Financing activities       Repayments on revolving facility (5,000)  — (Distributions) contributions from noncontrolling interests (46)  108 Payments of employee taxes on certain share-based arrangements (375)  (256)Net cash used in financing activities (5,421)  (148)Effect of exchange rate changes on cash and cash equivalents (1,169)  2,780 (Decrease) increase in cash and cash equivalents (11,664)  11,103 Cash and cash equivalents at beginning of period 87,366   79,272 Cash and cash equivalents at end of period$75,702  $90,375         Supplemental disclosure of investing transactions:       Capital expenditures accrued but not yet paid 1,544  $732 

VISHAY PRECISION GROUP, INC.
Reconciliation of Consolidated Adjusted Gross Profit, Operating Income, Net Earnings Attributable to VPG Stockholders and Diluted Earnings Per Share
(Unaudited - In thousands)

 Gross Profit  Operating (Loss) Income  Net (Loss) Earnings
Attributable to VPG
Stockholders  Diluted (Loss) Earnings
Per share Three months endedJuly 4,
2026  June 28,
2025  July 4,
2026  June 28,
2025  July 4,
2026  June 28,
2025  July 4,
2026  June 28,
2025 As reported - GAAP$32,439  $30,594  $(294) $2,708  $(1,720) $248   (0.13) $0.02 As reported - GAAP Margins 38.6%  40.7%  (0.4)%  3.6%  —   —   —   — Start-up costs (a) —   257   —   257   —   257   —   0.02 Restructuring costs —   —   773   185   773   185   0.06   0.02 Severance cost —   —   196   395   196   395   0.01   0.03 Stock-based compensation cost (b)     1   718   512   718   512   0.05   0.04 Foreign currency exchange loss (c) —   —   —   —   1,244   1,763   0.09   0.13 Less: Tax effect of reconciling items and discrete tax items —   —   —   —   625   707   0.04   0.05 As Adjusted - Non GAAP$32,439  $30,852  $1,393  $4,057  $586  $2,653  $0.04  $0.21 As Adjusted - Non GAAP Margins 38.6%  41.0%  1.7%  5.4%                

 Gross Profit  Operating Income  Net (Loss) Earnings
Attributable to VPG
Stockholders  Diluted (Loss) Earnings
Per share Six Fiscal Months EndedJuly 4,
2026  June 28,
2025  July 4,
2026  June 28,
2025  July 4,
2026  June 28,
2025  July 4,
2026  June 28,
2025 As reported - GAAP$65,314  $57,640  $45  $2,648  $(2,039) $(694) $(0.15) $(0.05)As reported - GAAP Margins 38.8%  39.2%  0.0%  1.8%  —   —   —   — Start-up costs (a) —   720   —   720   —   720  $—  $0.06 Restructuring costs —   —   1,222   580   1,222   580  $0.09  $0.04 Severance cost —   —   196   395   196   395  $0.01  $0.03 Stock-based compensation cost (b) —   8   1,555   1,057   1,555   1,057  $0.12  $0.08 Foreign currency exchange loss (c) —   —   —   —   1,487   2,735  $0.11  $0.21 Less: Tax effect of reconciling items and discrete tax items —   —   —   —   928   1,241  $0.07  $0.09 As Adjusted - Non GAAP$65,314  $58,368  $3,018  $5,400  $1,493  $3,552  $0.11  $0.28 As Adjusted - Non GAAP Margins 38.8%  39.7%  1.8%  3.7%                

(a) Start-up costs in 2025
(b) Share-based compensation cost excluded for Non-GAAP results, effective beginning 2026, with prior period comparability
(c) Impact of foreign currency exchange rates on assets and liabilities

 VISHAY PRECISION GROUP, INC.
Reconciliation of Adjusted Gross Profit by segment
(Unaudited - In thousands)

 Fiscal Quarter Ended  July 4, 2026  June 28, 2025  April 4, 2026 Sensors           Net revenues 33,418   26,563   33,314             As reported - GAAP 10,523   8,487   11,588 As reported - GAAP Margins 31.5%  32.0%  34.8%Start-up costs —   79   — As Adjusted - Non GAAP 10,523   8,566   11,588 As Adjusted - Non GAAP Margins 31.5%  32.2%  34.8%            Weighing Solutions           Net revenues 30,349   29,428   30,236             As reported - GAAP 11,325   11,646   10,340 As reported - GAAP Margins 37.3%  39.6%  34.2%Start-up costs —   178   — As Adjusted - Non GAAP 11,325   11,825   10,340 As Adjusted - Non GAAP Margins 37.3%  40.2%  34.2%            Measurement Systems           Net revenues 20,169   19,170   20,803             As reported - GAAP 10,591   10,461   10,946 As reported - GAAP Margins 52.5%  54.6%  52.6%As Adjusted - Non GAAP 10,591   10,461   10,946 As Adjusted - Non GAAP Margins 52.5%  54.6%  52.6%

VISHAY PRECISION GROUP, INC.
Reconciliation of Adjusted EBITDA
(Unaudited - In thousands)

 Fiscal Quarter Ended  July 4, 2026  June 28, 2025  April 4, 2026 Net (loss) earnings attributable to VPG stockholders$(1,720) $248  $(319)Interest Expense 345   550   329 Income tax (benefit) expense (148)  592   129 Depreciation 3,093   2,872   3,223 Amortization 984   982   987 Restructuring costs 773   185   449 Severance cost 196   395   — Start-up costs (a) —   257   — Stock-based compensation cost (b) 718   512   837 Foreign currency exchange loss (c) 1,244   1,763   243 ADJUSTED EBITDA$5,485  $8,356  $5,878 ADJUSTED EBITDA MARGIN 6.5%  11.1%  7.0%

(a) Start-up costs in 2025
(b) Share-based compensation cost excluded for Non-GAAP results, effective beginning 2026, with prior period comparability
(c) Impact of foreign currency exchange rates on assets and liabilities