Vishay Precision (VPG) Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Wed, February 11, 2026 astatine 9:23 AM CST 21 min read

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Wednesday, February 11, 2026 astatine 9 a.m. ET

• Chief Executive Officer — Ziv Shoshani

• Chief Financial Officer — William M. Clancy

• Vice President, Investor Relations — Steve Cantor

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Ziv Shoshani: Thank you, Steve. I volition statesman with immoderate commentary connected our results and trends for the 4th fourth and connected our strategy. William volition supply fiscal details and our outlook for 2026. Moving to Slide three. To summarize our Q4 2025 results, Q4 marked our 5th consecutive 4th with a publication to measure implicit one, led by Sensors. While Q4 gross borderline reflected a fig of headwinds, we expect gross borderline to amended successful Q1. With sensors ramping and backlog astatine a multiyear high, we expect higher shipments opening successful Q2 and continued advancement connected our maturation initiatives. Specifically, 4th fourth revenues of $80.6 cardinal were up 11% twelvemonth implicit year, and 1% sequentially, reflecting coagulated execution crossed the portfolio.

We achieved different 4th of affirmative booking trends arsenic our consolidated orders of $81.3 cardinal grew 2% sequentially. This resulted successful a publication to measure of 1.01, the 5th consecutive 4th of publication to measure of 1 oregon better. We proceed to marque bully advancement crossed our concern improvement initiatives, including humanoid robots and semiconductor equipment. These efforts generated $11.8 cardinal successful orders during the 4th quarter, bringing full orders from these initiatives to $37.8 cardinal for the afloat twelvemonth of 2025, which exceeded our extremity of $30 cardinal for the year. Our 4th fourth adjusted gross borderline of 37% was impacted by $3 cardinal of headwinds, including antithetic unfavorable merchandise mix, inventory reductions, and discrete inventory and manufacturing impact.

We expect gross borderline to amended successful Q1. We are presently ramping accumulation of Sensors products and expect to recognize higher income successful the 2nd quarter. I'll present reappraisal the concern show by segment. Moving to Slide four, opening with our Sensors segment, 4th fourth gross was 4% sequentially, but was 18% higher than a twelvemonth ago. Compared to the 3rd quarter, continued spot successful trial and measurement related to semiconductor instrumentality was offset by softer income to the AMS and the wide concern market. Booking for sensors continued its affirmative inclination and reached its highest level successful thirteen quarters. Sensor bookings roseate 4% sequentially, and were 30% supra a twelvemonth ago, resulting successful a publication to measure of 1.15.