Vicor Corp (VICR)
NASDAQ:VICR
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Earnings Data
Report Date
Jul 28, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.5Last Year’s EPS
0.91Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a strong operational and financial performance: sequential and year-over-year revenue growth, a sizable and rising backlog, robust bookings across HPC, industrial and defense, healthy cash on hand, affirmative guidance for 2026 revenue and margin expansion, and clear product/IP momentum with second-generation VPD and capacity expansion plans. Offsetting items include modest sequential margin pressure, higher operating and legal expenses, a sizeable one-time litigation cash outflow, inventory turns that warrant monitoring, and near-term uncertainty around incremental licensing revenue (management conservatively excluded new licenses from guidance until legal outcomes). Overall the positives — notably revenue growth, backlog/bookings strength, technology differentiation and guidance — materially outweigh the negatives.Company Guidance
Top-Line Growth
Product and royalty revenue of $113.0M, up 5.3% sequentially (Q4'25 $107.3M) and up 20.2% year-over-year (Q1'25 $94.0M).
Strong Bookings and Backlog
Q1 book-to-bill above 2; 1-year backlog increased 70% sequentially to $300.6M, with bookings remaining strong into Q2.
Segment Revenue Strength
Advanced Products revenue $64.9M (+3.7% sequential) and Brick Products $48.0M (+7.7% sequential). Advanced Products remained ~57.5% of total revenue.
Gross Margin Improvement Year-over-Year
Consolidated gross margin of 55.2%, down 20 basis points sequentially but up 800 basis points versus the year-ago quarter.
Profitability and EPS
Net income of $20.7M and GAAP diluted EPS of $0.44 on 47,254,000 fully diluted shares.
Strong Balance Sheet and Liquidity
Cash and cash equivalents of $404.2M (up $1.4M sequentially); accounts receivable $67.4M with DSOs of 42 days.
Inventory and CapEx Position
Inventories $94.8M (up 3.8% sequential); annualized inventory turns 2.1. Q1 capital expenditures $12.4M; construction-in-progress ~$10.7M with ~$33.9M remaining to be spent.
Clear 2026 Guidance and Margin Outlook
Company guiding to nearly $126M in Q2 revenue and nearly $570M for 2026, with an expectation of margin expansion during the year.
Product and Technology Momentum (VPD)
Lead customer executing a steep production ramp (wafer-scale engine). Second-generation VPD announced with ~3 A/mm² current density, up to 40x current multiplication and a 1.5 mm thin package; company cites competitive advantages in current density, package thinness and current multiplication.
Capacity Expansion Plan
Plan to increase Federal Street fab capacity from a prior ~$1B/year target to at least $1.5B/year, purchase of a second 3Di line to be installed in Q3–Q4, and strategic use of nearby facilities as interim capacity.
Licensing/IP Progress
Licensing and royalty revenue included in guidance; robust IP enforcement (first ITC case concluded) and expectation of further exclusion orders/licensing opportunities driving a high-margin licensing business over time.
VICR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
VICR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 21, 2026 | $224.81 | $246.24 | +9.53% |
Feb 19, 2026 | $152.84 | $170.01 | +11.23% |
Oct 21, 2025 | $65.80 | $85.76 | +30.33% |
Jul 22, 2025 | $45.20 | $52.68 | +16.55% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Vicor Corp (VICR) report earnings?
Vicor Corp (VICR) is schdueled to report earning on Jul 28, 2026, After Close (Confirmed).
What is Vicor Corp (VICR) earnings time?
Vicor Corp (VICR) earnings time is at Jul 28, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is VICR EPS forecast?
VICR EPS forecast for the fiscal quarter 2026 (Q2) is 0.5.