CHESTERBROOK, PA — Vishay Precision Group (NYSE: VPG) reported higher first-quarter revenue and a sharp increase in bookings as demand strengthened across semiconductor equipment, aerospace, defense and industrial markets.
The company posted first-quarter revenue of $84.4 million for the period ended April 4, up 17.6% from a year earlier and 4.7% sequentially. Bookings climbed to $102.1 million, marking the third-highest quarterly bookings level in company history and producing a consolidated book-to-bill ratio of 1.21.
VPG reported a net loss attributable to shareholders of $0.3 million, or $0.02 per diluted share, compared with a loss of $0.9 million, or $0.07 per diluted share, in the prior-year quarter.
Adjusted diluted earnings per share were unchanged at $0.07, while adjusted EBITDA totaled $5.9 million.
Chief Executive Officer Ziv Shoshani pointed to accelerating demand in the company’s Sensors business and growing activity tied to humanoid robotics programs.
“We are also encouraged by our progress in humanoid robotics, with $1.0 million of orders booked in the first quarter and initial engineering discussions underway with a fourth humanoid developer,” Shoshani said.
The Sensors segment generated revenue of $33.3 million, up 23.1% year over year, driven by higher sales of precision resistors and strain gage sensors across test and measurement, avionics, military and industrial markets. Segment bookings increased 29% sequentially, producing a book-to-bill ratio of 1.36.
Weighing Solutions revenue rose 14.4% to $30.2 million, supported by demand tied to medical applications and industrial weighing systems. Sequential bookings growth in the segment reached 16.8%.
Measurement Systems revenue increased 14% from a year earlier to $20.8 million, aided by stronger aerospace, military and semiconductor-related demand, though revenue declined sequentially because of weaker steel-market activity.
Gross margin improved to 39% from 37.7% a year earlier, while operating margin increased to 0.4% from a negative 0.1%.
The company revised certain non-GAAP reporting measures beginning in fiscal 2026 to exclude share-based compensation expenses, reflecting changes tied to executive hiring and expanded equity compensation programs.
For the second quarter, VPG projected revenue between $85 million and $90 million, assuming foreign exchange rates remain consistent with the first quarter.
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