Shares of Vishay Precision Group, Inc. (NYSE:VPG) climbed more than 5% in pre-market trading on Monday after the company reported first-quarter results that came in ahead of Wall Street expectations, supported by strong order activity across several end markets.
The stock gained 5.1% following the earnings release.
VPG reported adjusted earnings per share of $0.07 for the quarter, outperforming analyst expectations of break-even earnings. Revenue totaled $84.4 million, exceeding consensus forecasts of $77.83 million and rising 17.6% from $71.7 million in the same period last year.
Strong Demand Drives Revenue and Orders Higher
The company said growth was fueled by solid demand across semiconductor equipment, data centers, avionics, military and space applications, along with selected industrial markets.
Bookings reached $102.1 million during the quarter, increasing 25.5% sequentially and helping lift the company’s consolidated book-to-bill ratio to 1.21.
“We delivered an excellent start to fiscal 2026, with revenue growing 4.7% sequentially and 17.6% year over year,” said CEO Ziv Shoshani.
“Bookings of $102.1 million increased 25.5% sequentially, reaching the third-highest quarterly level in VPG’s history,” he added.
Profitability Improves Despite Net Loss
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 first quarter of 2025.
Gross profit margin improved to 39.0%, up from 37.7% in the prior-year period.
All three of the company’s operating segments posted book-to-bill ratios above 1.0 during the quarter.
The Sensors segment recorded the strongest ratio at 1.36, followed by Measurement Systems at 1.15 and Weighing Solutions at 1.09.
Company Forecasts Stronger Second Quarter Revenue
Looking ahead, Vishay Precision Group expects second-quarter fiscal 2026 revenue to range between $85 million and $90 million.
The midpoint of the guidance, $87.5 million, stands approximately 10.5% above current analyst consensus estimates of $79.2 million.