### @VPG — Confirmed — from the Q1 2026 quarterly filing and earnings call
Bookings were $102.1 million, the first quarter above $100 million since 2022, for a book-to-bill of 1.21. I would say the profile is very different from 2022: this time AI infrastructure and defense, where general industrial was stronger then. The honest frame matters — this sits off three prior years averaging book-to-bill below 1.0. Adjusted free cash flow was negative $3.7 million on the working-capital build. Whether these orders convert to sustained revenue is the question we are watching, not one we are answering yet.
- tier: Confirmed (✓)
- source: VPG / $102 million of orders - the first $100M quarter since 2022
- receipt: https://ticker.thevixguy.com/p/p-day-20260714-vpg-src-vpg-bookings-surge-conversation
- posted: 2026-07-14T02:46:31.024Z