| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 143.35 | 26.9% | 49.3% |
| Total Income | 143.35 | 26.9% | 49.3% |
| Expenditure | 108.47 | 12.9% | 114.1% |
| PBT | 38.92 | 90.8% | 20.6% |
| Net Profit | 49.77 | 140.9% | 20.8% |
| OPM | 24.33% | 9.38pp | 22.92pp |
| NPM | 34.72% | 16.43pp | 8.17pp |
| EPS | 1.08 | 140.0% | 17.4% |
Vicor Corporation Reports Q2 2026 Financial Results
21 Jul 2026 · 21 Jul, 4:56 pm
Summary
Vicor Corporation announced its financial results for the second quarter ended June 30, 2026, reporting total revenues of $143.4 million. The company saw a sequential increase in gross margin to $83.1 million, with the gross margin percentage improving to 58.0%. Net income for the quarter was $49.8 million, or $1.04 per diluted share. Management highlighted strong demand across various applications and is progressing with plans for a second fab to meet future needs.
Key Highlights
- 1
Vicor Corporation reported product and royalty revenues of $143.4 million for the second quarter ended June 30, 2026.
- 2
Gross margin increased sequentially to $83.1 million, with gross margin as a percentage of revenue rising to 58.0% for Q2 2026.
- 3
Net income for the second quarter was $49.8 million, or $1.04 per diluted share.
- 4
Cash flow from operations totaled $34.0 million for the second quarter, a significant increase from negative cash flow in the prior quarter.
- 5
Backlog for the second quarter ended June 30, 2026, totaled $380 million, a 145% increase from the corresponding period a year ago.
- 6
The company is taking steps toward a second fab for high current density 2nd Gen VPD ChiPs due to rising demand and capacity utilization.
Management Comments
Dr. Patrizio Vinciarelli
Rising demand across high-performance compute, automatic test equipment, and industrial, aerospace and defense applications is absorbing increased capacity within our first ChiP fab. As we get closer to full capacity utilization, we are taking steps toward a second fab for high current density 2nd Gen VPD ChiPs. AI OEMs and Hyper-scalers are at a loss dealing with the current density and PDN limitations of 1st Gen. VPD systems. The industry’s fixation with PoL regulators (replacing VRs, operating from 12V or 6V, with IVRs, operating from 1.8V) merely trades off one handicap (low current density) for another (low current gain). Feeding IVRs with a current multiplier is an incremental opportunity for Vicor. With its 2nd Gen VPD IP, Vicor is uniquely equipped to overcome the power system challenges standing in the way of future advances in TPUs, GPUs and Wafer Scale Engines.
Informational and educational content only. Not investment advice.