Vicor Corp reported second-quarter 2026 results with revenue of $143.4M, up 49.3% year-over-year, and diluted EPS of $1.04, versus $0.91 in the year-ago quarter. Net income attributable to Vicor Corporation was $49.8M, a 20.8% increase from the prior-year period.
Financial Highlights
- Revenue was $143.4M for Q2 2026, compared with $96.0M in the year-ago quarter; YoY change 49.3%.
- Net income was $49.8M attributable to Vicor Corporation for Q2 2026, compared with $41.2M in the year-ago quarter; YoY change 20.8%.
- Diluted EPS was $1.04 for Q2 2026, compared with $0.91 in the year-ago quarter; YoY change 14.3%.
Business Highlights
- Net revenues rose 49.3% YoY in Q2 2026, driven by Advanced Products (including higher royalties and volume) and demand for Brick products.
- Management is shifting channels to serve fewer, higher-volume OEM/ODM hyperscaler customers, increasing sales concentration.
- Strong adoption of Advanced Products, notably 48V FPA solutions, and a new license agreement boosted royalty revenue.
- Backlog increased to $379.7M and inventories were raised to support higher production volumes; capital expenditures are focused on expanded manufacturing capacity.
- Gross margins benefited from higher volumes and royalties but were pressured by freight costs, tariffs and product mix shifts.
Original SEC Filing:
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