Shares surged 49.5% post-earnings, driven by better-than-expected order growth and an optimistic outlook for sustained expansion in AI-related demand and backlog across all segments.

• Q1 revenue reached $84.4 million, an 18% year-over-year increase, supported by broad-based growth in all three segments.
• Orders totaled $102.1 million, up 26% sequentially, with a consolidated book-to-bill ratio of 1.21, the strongest since 2022.
• Sensors segment orders jumped 29% sequentially, led by precision resistor demand for semiconductor equipment and AI infrastructure.
• Measurement Systems bookings increased 32% sequentially despite a 7% sequential revenue decline, buoyed by defense and aerospace projects.
• Management raised 2026 organic growth targets to 8-10% CAGR and forecast gross margins near 46.5%, signaling confidence in ongoing margin expansion amid investments.