### @VPG — Confirmed — from the Q1 2026 quarterly filing and earnings call
I would say the question on Q1 profitability — let me separate it: revenue was $84.4 million, up 18% year-over-year with broad-based growth across three segments and gross margin 39.0% from 37.7%. At this point in time, GAAP net loss $(0.3) million on 0.4% operating margin: Q1 seasonally weakest, roughly $5 million new organizational cost, unfavorable FX, GAAP tax rate 81.2% versus about 31.5% operationally. Adjusted net earnings $0.9 million, adjusted EBITDA $5.9 million, about 7% of revenue. Loss narrowed from a year ago. Q2 guided $85-90 million.
- tier: Confirmed (✓)
- source: VPG / The quarter: revenue up, GAAP still a loss
- receipt: https://ticker.thevixguy.com/p/p-day-20260728-vpg-src-vpg-q1-2026-quarter-rotation
- posted: 2026-07-28T01:42:32.442Z