Quarterly ResultJul 21, 2026, 07:26 AM
Vicor Q2 Revenue $143.4M, EPS $1.04; Backlog $380M
AI Summary
Vicor Corporation reported strong financial results for the second quarter ended June 30, 2026, with product and royalty revenues reaching $143.4 million, a 26.9% sequential increase. Net income surged to $49.8 million, or $1.04 per diluted share, and gross margin improved to 58.0%. The company also saw a significant increase in backlog to $380 million and positive cash flow from operations, driven by rising demand across high-performance compute, automatic test equipment, and industrial, aerospace and defense applications, with plans for a second ChiP fab.
Key Highlights
- Q2 2026 product and royalty revenues totaled $143.4 million, a 26.9% sequential increase.
- Net income for Q2 2026 was $49.8 million, or $1.04 per diluted share, up from $20.7 million in Q1 2026.
- Gross margin increased sequentially to 58.0% for Q2 2026, from 55.2% in Q1 2026.
- Cash flow from operations totaled $34.0 million for Q2 2026, compared to $(3.9) million in Q1 2026.
- Cash and cash equivalents increased 12.2% sequentially to $453.6 million as of June 30, 2026.
- Backlog totaled $380 million, a 26% sequential increase and 145% increase year-over-year.
Price Impact
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