Vishay Precision Group (VPG) Q2 2026 Earnings Call Transcript

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DATE

Wednesday, Aug. 5, 2026 astatine 9:00 a.m. ET

CALL PARTICIPANTS

• Chief Executive Officer and President - Ziv Shoshani

• Chief Financial Officer - Bill Clancy

• Investor Relations and Corporate Communications - Steve Cantor

Full Conference Call Transcript

Operator: Good greeting and welcome, everyone, to the VPG's Second Quarter 2026 Earnings Call. Today's league is being recorded. [Operator Instructions] At this time, I'd similar to crook the league implicit to Steve Cantor, Investor Relations and Corporate Communications. Please spell ahead.

Steve Cantor: Thank you, Audra. Good morning, everyone. Welcome to VPG's Second Quarter 2026 Earnings Conference Call. Our property merchandise and slides person been posted connected our website astatine vpgsensors.com. An audio signaling of today's telephone volition beryllium disposable connected the Internet for a constricted clip and tin besides beryllium accessed connected our website. Before opening the call, today's remarks are governed by the harmless harbor provisions of the 1995 Private Securities Litigation Reform Act. Our existent results whitethorn alteration from forward-looking statements and determination tin beryllium nary assurance that specified results, including the targets described successful our updated operating exemplary tin beryllium achieved.

We'll -- for a treatment of the risks associated with VPG's operations, we promote you to notation to our SEC filings, particularly the Form 10-K for the twelvemonth ended December 31, 2025 and our different caller SEC filings. On the telephone contiguous are Ziv Shoshani, CEO and President; and Bill Clancy, CFO. And present I'll crook the telephone to Ziv for immoderate prepared remarks. Please notation to Slide 3 of the quarterly presentation. Ziv?

Ziv Shoshani: Thank you, Steve. I volition statesman with immoderate commentary connected our results and trends for the 2nd quarter. Bill volition supply fiscal details and our outlook for the 3rd 4th of 2026. Moving to Slide 3. To summarize our 2nd 4th results, we delivered different 4th of a beardown bid momentum, highlighting the continued occurrence of our strategy to summation our vulnerability to secular maturation markets. Orders were $95.5 million, driven by sustained spot successful our Sensors conception and continued request from AI-related markets. including semiconductor equipment, information halfway infrastructure and aerospace and defence applications. We generated $11.6 cardinal successful bookings from our concern improvement initiatives successful the 2nd 4th and $21.6 cardinal successful the archetypal fractional of the year.

This puts america connected way to scope our extremity of $45 cardinal for the year. As a result, our consolidated book-to-bill ratio was 1.14, marking our seventh consecutive 4th astatine oregon supra 1.0. Within Sensors, book-to-bill was precise beardown 1.44, reflecting robust request crossed our cardinal maturation markets. We proceed to adhd manufacturing capableness and unit to enactment aboriginal maturation and code rising lawsuit demand. During the quarter, we received an authoritative vendor information missive from our archetypal humanoid robotics customer. This is an important milestone that positions america to enactment their expected accumulation ramp opening successful the 2nd fractional of 2026. Revenue was $83.9 million, fundamentally level sequentially and up 12% year-over-year.