Quarterly ResultApr 21, 2026, 07:02 AM
Vicor Q1 Revenue Jumps 20.2% to $113M; Backlog Soars 70% to $301M
AI Summary
Vicor Corporation reported strong first-quarter 2026 financial results, with product and royalty revenues increasing 20.2% year-over-year to $113.0 million. Net income significantly rose to $20.7 million, or $0.44 per diluted share, compared to $2.5 million a year ago. The company's backlog surged 70% sequentially to $301 million, driven by rising demand across key applications, setting the stage for future revenue growth. Management is expanding capacity and protecting its intellectual property.
Key Highlights
- Q1 2026 revenue increased 20.2% year-over-year to $113.0 million.
- Net income for Q1 2026 was $20.7 million, or $0.44 per diluted share.
- Gross margin percentage rose to 55.2% in Q1 2026 from 47.2% a year ago.
- Backlog soared 70% sequentially to $301 million as of March 31, 2026.
- Cash flow used for operations was $(3.9) million, impacted by a $28.6M litigation payment.