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GlobeNewswire·

Vicor Corporation Reports Results for the Third Quarter Ended September 30, 2026

VICR
  • Vicor Corporation reported Q3 2026 product & royalty revenues of $197.1 million, a 37.5% sequential increase & 78.5% year-over-year increase.
  • Gross margin rose to $134.7 million (68.3% of revenue) in Q3 2026, up from $83.1 million (58.0%) in Q2 2026 & $63.5 million (57.5%) in Q3 2025.
  • Operating expenses increased to $62.5 million in Q3 2026, including contingency fees for IP enforcement, compared to $48.2 million in Q2 2026 & $42.6 million in Q3 2025.
  • Net income for Q3 2026 reached $63.3 million ($1.33 per diluted share), compared to $49.8 million ($1.04 per share) in Q2 2026 & $28.3 million ($0.63 per share) in Q3 2025.
  • Cash flow from operations totaled $69.7 million in Q3 2026, while capital expenditures were $16.1 million.
  • Cash & cash equivalents increased 13.1% sequentially to approximately $513.1 million as of September 30, 2026.
  • Backlog reached $406 million in Q3 2026, a 7% sequential increase & a 166% year-over-year increase.
  • CEO Dr. Patrizio Vinciarelli announced the acquisition of two additional sites near ChiP Fab-1 to enable a nearly 5X capacity increase.
  • Vicor stated that Open Compute acknowledged challenges with VRs & IVRs regarding AI processor requirements & demonstrated advantages of its 2nd GEN VPD technology.
  • The company granted its first VPD license to an AI OEM & noted increased inquiries from unlicensed entities due to the ITC investigation into VPD infringement.
  • Vicor will host an investor conference call on October 20, 2026, at 8:00 a.m. Eastern Time, with a webcast replay available on its Investor Relations page.
  • Condensed financial statements show total net revenues of $453.4 million for the nine months ended September 30, 2026, with consolidated net income of $133.8 million.