VPG earnings analysis
What we found in VPG's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
VPG reported Q1 2026 total revenues of $84.4 million, up 17.6% year-over-year, and a diluted EPS loss of $0.02, an improvement from the prior year’s loss. The Sensors and Weighing Solutions segments showed significant growth, while the Measurement Systems segment experienced a slight decline. Management remains optimistic about growth driven by expanding market applications and innovative product development.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Strong Revenue Growth
- Net revenues were $84.4 million for Q1 2026, up 17.6% from $71.7 million in Q1 2025.
- Improved Earnings Loss
- Diluted EPS improved to -$0.02 compared to -$0.07 in Q1 2025.
- Growth in Key Segments
- Sensors segment revenues increased 23.1% to $33.3 million from $27.1 million YOY.
- Increased Gross Margin
- Gross margin for Q1 2026 was 39.0%, up from 37.7% in Q1 2025.
- Operational Focus on Innovation
- Management emphasized growth opportunities due to expanding precision measurement applications across industries.
- Strategic Cost Management
- Adjusted free cash flow was $(3.7) million, reflecting capital investments in infrastructure.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Potential Supply Chain Disruptions
- Operations in Israel could be impacted by geopolitical tensions, though no immediate financial impact was reported.
- Increased Financial Costs
- Interest expense increased following recent debt restructure and continuing international currency fluctuations.
- Dependence on Foreign Markets
- 91% of cash is held by non-U.S. subsidiaries, which may affect liquidity management.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $-0.02
- Gross margin
- 39.0%
- Operating margin
- 0.4%
- Segment
- Sensors
- Segment
- Weighing Solutions
- Segment
- Measurement Systems
What they said about what is next.
Management anticipates Q2 2026 revenues between $85 million and $90 million.
The filing reads better than the one before it.
What came before.
- 10-K · February 27, 2026
- Vishay Precision Group (VPG) refined its strategy in Q4 2025 to pursue accelerated, higher-volume growth and added two senior roles on November 4, 2025 to support that shift. 2025 showed sequential revenue momentum (Q1…
- 10-Q · November 4, 2025
- VPG reported Q3 net revenues of $79,728,000, up $4,001,000 (+5.3%) vs. $75,727,000 in Q3 2024. GAAP diluted EPS was $0.59 vs. $(0.10) a year earlier; operating income was $10,159,000 but included a $5,544,000 gain on…
- 10-K · February 25, 2025
- Vishay Precision Group (VPG) positions itself as a specialized, engineering-driven provider of precision measurement and sensing technologies with a three-segment structure (Sensors; Weighing Solutions; Measurement…
- 10-K · February 29, 2024
- Vishay Precision Group (VPG) positions itself as a precision measurement and sensing specialist focused on design‑win driven, non‑commodity products across three segments (Sensors, Weighing Solutions, Measurement…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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