Here are 1-3 brief analogies for Vishay Precision (VPG):

• VPG is like a specialized Bosch or Siemens focusing on ultra-precision industrial sensors and measurement systems.
• Think of VPG as the Analog Devices or TE Connectivity for high-precision weighing and industrial measurement.

• Precision Resistors: Electronic components that provide highly accurate and stable electrical resistance.
• Strain Gages: Sensors used to measure the deformation or strain of an object under stress.
• Load Cells: Transducers that convert force, such as weight or pressure, into a measurable electrical signal.
• On-Board Weighing Systems: Integrated systems for vehicles to measure cargo weight directly on the transport unit.
• Process Weighing Products: Equipment and systems used for weighing, batching, and inventory control in industrial processes.
• Data Acquisition Systems: Systems that collect and convert physical parameters into digital data for analysis, used in avionics and auto safety testing.
• Measurement Systems (Steel Production): Specialized systems for monitoring and controlling various parameters in steel manufacturing.
• Material Testing and Simulation Systems: Equipment designed to test the mechanical properties of materials and simulate their behavior under different conditions.

Vishay Precision Group, Inc. (VPG) primarily sells its specialized sensors, weighing solutions, and measurement systems to other companies.

Based on their latest public filings (Form 10-K), Vishay Precision Group, Inc. has a highly diversified customer base. The company explicitly states that no single customer accounted for 10% or more of its consolidated net revenues in recent fiscal years (including 2023, 2022, and 2021). Therefore, specific names of major customer companies are not publicly disclosed.

Ziv Shoshani, President, Chief Executive Officer, and Director

Mr. Shoshani has served as VPG's Chief Executive Officer and President since the company's spin-off as an independent public company in July 2010. Before leading VPG, he held various key positions at Vishay Intertechnology, including Chief Operating Officer from January 2007 to November 2009, Deputy Chief Operating Officer in 2006, and Executive Vice President from 2000 to 2009, overseeing the Capacitors and Resistors businesses, and heading the Measurements Group and Foil Divisions. He began his career with Vishay Intertechnology in 1995 and continues to serve on its board of directors. Mr. Shoshani is a nephew of the late Dr. Felix Zandman, the founder of Vishay Intertechnology.

William M. Clancy, Executive Vice President, Chief Financial Officer, and Principal Accounting Officer

Mr. Clancy was appointed Executive Vice President and Chief Financial Officer of VPG upon its spin-off. Prior to that, he served as Corporate Controller of Vishay Intertechnology from 1993 until November 2009. He also held the titles of Vice President of Vishay Intertechnology starting in 2001 and Senior Vice President from 2005. Additionally, he was Corporate Secretary of Vishay Intertechnology from 2006 to 2009 and served as the principal accounting officer of Siliconix from June 2000 until May 2005. Mr. Clancy joined Vishay Intertechnology in 1988 and is a licensed CPA in Pennsylvania.

Rafi Ouzan, Executive Vice President and Chief Operating Officer

Mr. Ouzan was appointed Chief Operating Officer in November 2025, responsible for overseeing and integrating VPG's operations, including quality management and supply chain optimization across all manufacturing sites. He previously served as VPG's Senior Vice President & Division Head for Weighing Solutions starting in 2022 and as Vice President of the Force Sensors Division before that. Mr. Ouzan also held the role of Vice President-Force Sensors Division at Vishay Intertechnology, Inc. from 2008 to 2010.

Yair Alcobi, Executive Vice President and Chief Business & Product Officer

Mr. Alcobi was appointed Chief Business and Product Officer in November 2025, with responsibilities for sales, marketing, product strategy, and business development. He brings over 25 years of senior-level management experience from both private and public industrial technology businesses. His past leadership roles include serving as President of the PCB Division at KLA Corporation (formerly Orbotech) and President of Orbotech's East Asia Subsidiary, as well as holding positions at Kulicke & Soffa (K&S).

Amir Tal, Executive Vice President and Chief Accounting Officer

Mr. Tal was appointed Executive Vice President and Chief Accounting Officer effective March 1, 2024. Prior to this, he served as the company's Senior Vice President and Chief Accounting Officer from February 2020 to February 2024, and as Senior Vice President, Finance from March 2017 to February 2020. From July 2010 to February 2017, he was the Company's Vice President Operational Controller and Regional Controller Israel.

The key risks to Vishay Precision Group (VPG) primarily revolve around macroeconomic conditions impacting its industrial customer base, intense competition compounded by its smaller scale for research and development, and a concentration of revenue within specific product lines in its Sensors segment.

1. Macroeconomic Slowdown and Cyclicality of End Markets: Vishay Precision Group's performance is significantly tied to global economic conditions, with its industrial and capital expenditure-sensitive segments being particularly vulnerable to economic slowdowns. The global economic outlook for 2025 projects slowing growth, which directly pressures VPG's core markets, especially Measurement Systems and Weighing Solutions. This risk materialized in Q1 2025, when VPG experienced an 11.2% year-over-year revenue decline, largely attributed to a downturn in traditional end-markets, and its Measurement Systems segment saw a 19.0% decrease in revenue due to lower demand in steel and avionics, military, and space (AMS) markets. The company's long-term sales performance has also shown a sluggish compounded annual growth rate of 1.6% over the past five years, with revenue decreasing 9.6% annually over the last two years, indicating broader challenges in its operating environment.
2. Intense Competition and Limited R&D Capacity: VPG faces significant competition, and its relatively smaller scale compared to larger, more diversified technology peers poses a challenge in maintaining technological leadership and expanding its product portfolio. With an annual revenue base of approximately $306.5 million (FY 2024) and a market capitalization of about $389 million (as of late 2025), VPG's capital available for Research and Development (R&D) is significantly capped when compared to competitors like TE Connectivity, which has a market capitalization over $61 billion. This substantial difference limits VPG's ability to match the R&D investment volume required for foundational, next-generation sensor technology across multiple product categories, creating a perpetual challenge in a technology-driven industry.
3. Product Concentration Risk: The company has a tangible product concentration risk, particularly within its Sensors segment, which is its largest revenue contributor. This segment accounted for approximately 39.6% of total net revenues in the third fiscal quarter of 2025 and is heavily reliant on specific product lines, namely precision resistors and strain gages. These products are predominantly used in niche markets such as Test and Measurement and Avionics, Military, and Space (AMS). Such reliance means that a downturn in a single key end-market or a significant technological shift could rapidly and substantially impact a large portion of VPG's business. An example of this impact was seen in Q4 2024, when the Sensors segment's revenue dropped 24.8% year-over-year due to reduced demand for precision resistors in the Test and Measurement market.

Vishay Precision Group (VPG) operates in several specialized markets. Here are the addressable market sizes for their main products and services:

• Precision Resistors: The global precision resistor market size was valued at approximately USD 5.36 billion in 2025 and is projected to reach USD 8.63 billion by 2033, growing at a Compound Annual Growth Rate (CAGR) of 6.17% during the forecast period. Another estimate places the global market at USD 5.43 billion in 2026, forecast to hit USD 8.46 billion by 2034, growing at a CAGR of 5.70% from 2026–2034. The Asia-Pacific region was the largest market in 2025 and is expected to be the fastest-growing. The U.S. precision resistor market was valued at USD 1.04 billion in 2025 and is projected to reach USD 1.74 billion by 2033. North America holds approximately 40% of the global market share.
• Strain Gages: The global strain gauge market size was approximately USD 280 million in 2023 and is projected to reach around USD 470 million by 2032, with a CAGR of 5.8%. Another report valued the global strain gauges market at approximately USD 230.36 million in 2024, with projections indicating a rise to USD 352.87 million by 2035. The Asia Pacific region is expected to witness the highest growth in this market.
• Load Cells: The global load cell market size was estimated at USD 3.31 billion in 2024 and is projected to grow to USD 5.193 billion by 2035, exhibiting a CAGR of 4.1% during the forecast period. Another estimate indicates a global market size of USD 1.86 billion in 2024, expected to grow to USD 2.35 billion by 2032. The strain gauge load cell market, a sub-segment, was valued at USD 1,017.82 million in 2025 and is expected to increase to USD 1,201.63 million by 2032. North America commands the majority of the market share, with a valuation of USD 1.25 billion in 2024, escalating to USD 1.88 billion by 2035.
• Weighing Solutions (Industrial and Electronic Weighing Equipment): The global industrial weighing equipment market was valued at USD 5.2 billion in 2025 and is projected to reach USD 9.3 billion by 2035, expanding at a CAGR of 6.0%. The global electronic weighing scales market is projected at USD 5.6 billion in 2026 and is expected to reach USD 7.7 billion by 2033, growing at a CAGR of 4.5%. Asia Pacific remains the fastest-growing region for industrial weighing equipment and is the largest regional market for electronic weighing scales.
• Measurement Systems:
  • Data Acquisition Systems (Overall): The global data acquisition system market size was valued at USD 2.18 billion in 2024 and is projected to grow from USD 2.3 billion in 2025 to USD 3.55 billion by 2033, at a CAGR of 5.6%. Another source expects the market to grow from USD 2.80 billion in 2025 to USD 3.73 billion by 2030 at a CAGR of 5.9%. North America retained its leading position in the market, commanding a substantial 40.4% share in 2024.
  • Data Acquisition Systems for Avionics / Aerospace: The global aerospace data acquisition system market size is estimated at USD 1.79 billion in 2026 and is expected to reach USD 3.88 billion by 2035 at a CAGR of 9%. The aerospace & defense segment held the largest revenue share in the global data acquisition system market in 2023 and 2024.
  • Data Acquisition Systems for Auto Safety Testing: The global car data acquisition system market was valued at USD 4,430 million in 2024 and is expected to grow from USD 4,790 million in 2025 to USD 10.5 billion by 2035, with a CAGR of approximately 8.1%. North America was valued at USD 1,750 million in 2024 and is expected to reach USD 3,850 million by 2035.
  • Material Testing and Simulation Systems: The global material testing market size was valued at USD 874.58 million in 2024 and is expected to grow at a CAGR of 4.7% from 2025 to 2032, reaching nearly USD 1262.92 million. Other estimates place the global market size at USD 789.28 million in 2025, reaching USD 1,386.47 million by 2034 with a CAGR of 6.46%, and USD 0.88 billion in 2025, projected to grow to USD 1.28 billion by 2034. North America holds approximately 33% of the global market share. The broader testing and simulation systems market was valued at USD 5.55 billion in 2023 and is projected to reach USD 8.91 billion by 2030.

1. Expansion into Physical AI and Humanoid Robotics: Vishay Precision Group is strategically focusing on and expanding into the emerging markets of Physical AI and humanoid robotics, which are anticipated to be pivotal for growth in 2026 and beyond. The company is investing in this segment and views it as a significant long-term opportunity for its high-performance sensor technology.
2. Growth and Ramp-up in the Sensors Segment: The Sensors segment is expected to be a key revenue driver, with the company reporting strong bookings and a multi-year high backlog. VPG anticipates higher sales from this segment, especially beginning in the second quarter of 2026, driven by demand in areas such as semiconductor testing and advanced measurement systems (AMS).
3. Strategic Business Development Initiatives and Customer Diversification: VPG is actively pursuing business development initiatives, targeting $45 million in new business bookings for 2026, a 20% increase over 2025. These initiatives aim to diversify its customer base and expand into new applications, including areas like autonomous logistics.
4. Recovery in Industrial and Manufacturing Markets: A broader cyclical recovery in industrial and manufacturing capital spending is expected to provide tailwinds for VPG's core segments, including Sensors and Weighing Solutions. This recovery contributes to increased demand for their precision measurement and sensing technologies.

Share Repurchases

• Vishay Precision Group repurchased $5.9 million of common stock, or 188,000 shares, for the full year 2023.
• In the first fiscal quarter of 2024, the company repurchased $2.8 million of its common stock.

Outbound Investments

• Vishay Precision Group has completed six acquisitions to date, and its balance sheet supports further mergers and acquisitions.
• The company continues to seek high-quality businesses for acquisition that align with its strategic fit, financial returns, and value creation criteria.
• Acquisition purchase accounting adjustments related to the Nokra acquisition were noted in September 2024.

Capital Expenditures

• VPG invested over $53 million in capital expenditures for facility projects and automation between 2021 and 2023.
• Capital expenditures for 2023 totaled $15.2 million, focusing on growth and operational capabilities, including increasing automation in its India facility.
• Actual capital expenditures were $9.2 million in 2024 and $8.0 million for the full fiscal year 2025. The company forecasts capital expenditures of $14 million to $16 million for 2026.