Vishay Precision Q3 revenue rises but margins hit by fx, costs

Overview

• US precision measurement firm's fiscal Q3 revenue rose yr/yr but missed two-analyst estimate

• Adjusted EPS for fiscal Q3 declined from prior year

• Profitability impacted by unfavorable currency exchange rates and higher manufacturing costs

Outlook

• Company expects Q4 net revenues between $84 mln and $91 mln at constant FX rates

• Company sees revenue momentum into 2027, citing strong order activity and growing backlog

Result Drivers

• SENSOR DEMAND - Co said record sensor bookings were driven by strength in AI-driven applications and demand for precision resistors in semiconductor equipment, data center and fiber-optic applications

• SEGMENT PERFORMANCE - Sensors and Measurement Systems segments saw yr/yr revenue growth, mainly due to higher sales in Test and Measurement and AMS markets

• CURRENCY AND COSTS - Co said unfavorable currency exchange rates and higher manufacturing costs weighed on margins, partly offset by higher volume

Company press release:

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the industrial machinery & equipment peer group is "buy"

• Wall Street's median 12-month price target for Vishay Precision Group, Inc. is $98.00, about 80.7% above its November 3 closing price of $54.24

• The stock recently traded at 34 times the next 12-month earnings vs. a P/E of 62 three months ago

Reuters Recommended Reads

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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)