Quarterly ResultApr 30, 2026, 10:31 AM
VICR Q1 Revenue +20.2% to $113.0M; EPS $0.44; SynQor Payment $28.6M
AI Summary
VICOR CORP reported strong Q1 2026 results with total net revenues increasing by 20.2% to $113.0 million. Net income attributable to Vicor Corporation surged to $20.7 million, or $0.44 per diluted share, compared to $2.5 million, or $0.06 per diluted share, in Q1 2025. The company also made a payment of $28.6 million in March 2026 to SynQor, representing the full amount due under a patent infringement judgment. Additionally, the company is involved in a class action lawsuit filed in July 2024, which was dismissed with leave to amend in June 2025.
Key Highlights
- Total net revenues rose 20.2% to $113.0M in Q1 2026 from $94.0M in Q1 2025.
- Net income attributable to Vicor Corp surged to $20.7M, up 715% from $2.5M YoY.
- Diluted EPS was $0.44 in Q1 2026, a significant increase from $0.06 in Q1 2025.
- Gross margin increased to $62.4M in Q1 2026 from $44.4M in Q1 2025.
- Paid $28.6M to SynQor in March 2026 for patent infringement judgment.
- US revenue grew to $57.7M in Q1 2026 from $36.8M in Q1 2025.
- Asia Pacific revenue decreased to $41.2M in Q1 2026 from $47.1M in Q1 2025.
- Cash and cash equivalents reached $404.2M at March 31, 2026.
Price Impact
More from VICR