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Vicor Corporation Reports Results for the Second Quarter Ended June 30, 2026

VICR
  • Vicor Corporation reported second quarter 2026 financial results ending June 30, 2026, with total product & royalty revenues of $143.4 million, representing a 26.9% sequential increase from Q1 2026.
  • Gross margin rose to $83.1 million (58.0% of revenue) sequentially from Q1 2026 but decreased year-over-year from $92.1 million, which included a $45.0 million patent litigation settlement.
  • Operating expenses increased to $48.2 million for the quarter, up from $45.5 million in Q1 2026.
  • Net income for the quarter was $49.8 million, or $1.04 per diluted share, compared to $20.7 million ($0.44 per share) in Q1 2026.
  • Cash flow from operations totaled $34.0 million, a recovery from a net usage of $(3.9) million in Q1 2026 which included a $28.6 million litigation payment.
  • Capital expenditures were $11.2 million for the quarter, while cash and cash equivalents grew 12.2% sequentially to approximately $453.6 million.
  • Order backlog reached $380 million, a 26% sequential increase from Q1 2026.
  • CEO Dr. Patrizio Vinciarelli highlighted rising demand in high-performance compute, test equipment, aerospace, and defense, noting plans to expand capacity for 2nd Gen VPD ChiPs to address AI OEM power system challenges.
  • Vicor will host an investor conference call on July 21, 2026, at 8:00 a.m. Eastern Time to discuss these results.