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Vishay Precision Group (VPG) Q3 2026 Earnings Report

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VPG Q3 2026 EPS Results

Actual EPS
$0.14
Consensus EPS
$0.15
Beat/Miss
Missed by -$0.01
One Year Ago EPS
$0.26

VPG Q3 2026 Revenue Results

Actual Revenue
$85.07M
Expected Revenue
$86.47M
Beat/Miss
Missed by -$1.40M
YoY Revenue Growth
+6.70%

Earnings Announcement Details

Quarter
Q3 2026
Date
11/04/2026
Time
Before Open
Conference Call
Wednesday, November 4, 2026
VPG Upcoming Earnings

Vishay Precision Group's next earnings date is estimated for February 17, 2027, based on past reporting schedules.

Q3 2026 Earnings Call Audio

VPG Q3 2026 Earnings Call
0:00 / 0:00

Q3 2026 Earnings Slide Deck

Q3 2026 Earnings Call Summary

Q3 2026
Earnings Call Date:Nov 04, 2026|% Change Since:-0.77%|
Earnings Call Sentiment|Positive

The call was broadly positive. Highlights included record Sensors demand, improved revenue, gross margin, EBITDA, and free cash flow, strong bookings and backlog, progress toward cost-savings and business-development targets, and an outlook for 10%-12% revenue growth in 2027. The main challenges were foreign-exchange pressure, a higher tax rate, weaker Weighing Solutions revenue, and delays and volatility in the humanoid robotics production ramp.

Company Guidance

VPG expects fourth-quarter 2026 net revenues of $84 million-$91 million, assuming constant third quarter 2026 exchange rates, excluding expected fourth quarter tariff refunds to customers, which are profit neutral; full-year 2026 CapEx is expected to be approximately $14 million-$16 million, the operational tax rate is assumed to be approximately 45%, and the company remains on track to achieve approximately $6 million of savings this year and approximately $20 million of cost reduction initiatives through its three-year plan. VPG is on track to hit its $45 million target for 2026, expects revenue in the first quarter of 2027 of $90 million or better, and sees potential to grow revenues 10%-12% in 2027, while expecting orders to increase gradually beginning in the current quarter, with volume accelerating further through 2027.

  • Revenue Reached a Three-Year HighThird-quarter adjusted revenue was $87.4 million, the company’s highest quarterly level in three years, increasing 4% sequentially and 10% year-over-year. GAAP net revenue was $85.1 million after $2.3 million of tariff refunds passed through to customers.
  • Strong Orders and Book-to-Bill MomentumAdjusted orders were $103 million, and the consolidated book-to-bill ratio was 1.17, marking the eighth consecutive quarter at or above 1.0. All three segments had book-to-bill ratios above 1.0, led by Sensors at 1.35.
  • Growing Backlog Supports 2027 OutlookThe company reported a backlog of $151 million at the end of the quarter. Management said the growing backlog and order momentum are increasing visibility into 2027 and support potential revenue growth of 10%-12% in 2027, above the annual target rate in its three-year plan.
  • Business Development ProgressBookings from business development initiatives totaled $11.9 million in the third quarter and $33.5 million year to date. Management said it remains on track to achieve its $45 million full-year 2026 goal.
  • Improved Gross MarginAdjusted gross margin improved to 39.3% from 38.6% in the second quarter. Sensors adjusted gross margin increased to 32.6%, and Measurement Systems gross margin increased to 56.5%, primarily reflecting higher volume and favorable product mix.
  • Improved EBITDA and Free Cash FlowAdjusted EBITDA increased to $8.2 million, or 9.4% of revenue, from $5.2 million, or 6.5% of revenue, in the second quarter. Adjusted free cash flow was $5.5 million, a $6.9 million sequential improvement from negative $1.4 million in the second quarter.
  • Strong Balance SheetAt the end of the third quarter, cash was $80.9 million and long-term debt was $15.7 million, resulting in net cash of approximately $65 million.
  • Operational Cost Savings on TrackThe company delivered nearly $4.2 million of cost savings year to date and remains on track to achieve approximately $6 million of savings in 2026. These actions are the first phase of a three-year plan targeting approximately $20 million of cost reduction initiatives through manufacturing footprint optimization, increased automation, and procurement efficiencies.
  • Sensors Segment Delivered Record DemandSensors third-quarter revenue was $38.4 million, up 15% sequentially and 21% year-over-year. Bookings were $51.7 million, up 8% sequentially and a second consecutive all-time quarterly record. Demand was driven by AI-related infrastructure, including semiconductor equipment, high-speed fiber optic transmission equipment for data centers, and aerospace and defense applications.
  • AI-Related Demand Is Material to SensorsManagement estimated that AI-related business represents approximately 20%-30% of the Sensors segment. The company identified semiconductor business, fiber optic data, and potentially humanoid robotics as AI-related, while also noting solid demand in its aerospace, military, and space business.
  • Capacity Expansion Supports Sensors GrowthThe company is adding manufacturing capacity, equipment, personnel, and additional manufacturing sites, particularly in Sensors, to support sizable order intake. Management expects capacity expansion to reduce lead times and increase output in coming quarters.
  • Humanoid Robotics Customer CommitmentThe company received an investment from its initial humanoid robotics customer to support capacity expansion, which management described as an endorsement of VPG’s value proposition and the customer’s commitment to VPG as a supplier. The company is also supporting several other humanoid robotics customers progressing from prototypes toward commercialization.
  • Weighing Solutions Secured Heavy-Truck Design WinVPG products are now standard options for onboard weighing on off-highway heavy-use trucks for a leading European manufacturer. The solutions are designed to measure payload during loading and operations in demanding mining and construction environments.
  • Measurement Systems ReboundedMeasurement Systems revenue increased 10% sequentially and 8% year-over-year, driven by higher sales of DSI thermal-mechanical simulation test systems for the steel market, while KELK production continued to recover from the second quarter. Orders of approximately $22.2 million increased 19% sequentially, including a 40% increase in steel-related orders.
  • Strong DTS and Defense-Related OrdersBookings related to DTS automotive crash-safety testing reached their highest level of 2026, while orders for aerospace and defense applications remained strong.
  • Commercial Execution ExpandedThe company completed the first phase of its company-wide CRM rollout for Sensors, implemented lead-management and opportunity-management processes, initiated targeted marketing programs in humanoid robotics, refreshed its corporate website, and began the first phase of a plan to accelerate and streamline new-product development.
  • Positive Near-Term Revenue OutlookManagement expects fourth-quarter 2026 net revenue of $84 million-$91 million, assuming constant third-quarter 2026 exchange rates. It also sees potential for first-quarter 2027 revenue of $90 million or better.
  • Tariff Refunds Passed Through to CustomersVPG received $2.3 million in tariff refunds from the U.S. federal government and intends to pass the refunds on to customers. Management stated that the refunds had no impact on gross profit and are excluded from adjusted third-quarter financial measures.
  • KELK Order ProgressSome of the KELK order deferred from the second quarter was fulfilled in the third quarter, with the main part expected to be delivered in the fourth quarter.

VPG Earnings History

VPG earnings history
Report DateFiscal QuarterForecast / EPSLast Year's EPSEPS YoY ChangePress Release
Feb 17, 20272026 (Q4)0.16-0.07――
Nov 04, 20262026 (Q3)0.150.140.26-46.15% (-0.12)
Aug 05, 20262026 (Q2)0.190.040.17-76.47% (-0.13)
May 12, 20262026 (Q1)0.000.070.0475.00% (+0.03)
Feb 11, 20262025 (Q4)0.210.070.03133.33% (+0.04)
Nov 04, 20252025 (Q3)0.200.260.1936.84% (+0.07)
Aug 05, 20252025 (Q2)0.040.170.31-45.16% (-0.14)
May 06, 20252025 (Q1)0.070.040.42-90.48% (-0.38)
Feb 12, 20252024 (Q4)0.130.030.61-95.08% (-0.58)
Nov 05, 20242024 (Q3)0.200.190.47-59.57% (-0.28)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat Missed