VPG Reports Q1 Revenue of $84.4M, Beating Consensus
Reports Q1 revenue $84.4M, consensus $77.08M. CEO Ziv Shoshani commented, "We delivered an excellent start to FY26, with revenue growing 4.7% sequentially and 17.6% year over year. Bookings of $102.1M increased 25.5% sequentially, reaching the third-highest quarterly level in VPG's history, driven by a 29.0% sequential bookings growth in our Sensors segment due to strong demand across semiconductor equipment, data centers, avionics, military and space, and select industrial markets. Our consolidated book-to-bill of 1.21 reflects continued momentum, as all three segments reported book-to-bill ratios well in excess of 1.0...Profitability in the quarter reflects deliberate investments to support our new operating model and growth initiatives, which we expect to drive improved operating leverage over time. Given current bookings trends and backlog, we are positive about our business environment for 2026. We also announced a revised target model that reflects accelerated organic top-line growth, supported by our business development initiatives, disciplined commercial execution, and investments in our new organization."
