Education
About Us
Working with TipRanks
Follow Us
Vicor Corp (VICR)
NASDAQ:VICR
Earnings Data
Report Date
Apr 28, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.37Last Year’s EPS
0.06Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a strong recovery and clear momentum: meaningful year-over-year revenue growth, a return to solid profitability, improved gross margins, a robust cash position, and strengthening bookings/backlog. IP licensing became a material contributor and management outlined substantial market opportunities (notably in high-end computing and VPD). Offsetting these positives are short-term timing volatility in royalties (catch-up effects and one-time litigation proceeds), modest declines in brick products, and a significant near-term capacity planning challenge (Fab 1 nearing high utilization with multi-hundred-million-dollar capex and potential multi-year timing for additional owned capacity). On balance, the favorable growth, profitability turnaround, cash strength, backlog improvement and licensing momentum materially outweigh the cited risks and timing issues.Company Guidance
Q4 and Full-Year Revenue Growth
Q4 product revenue was $92.7M, up 4.5% sequentially and up 15.3% year-over-year. Full-year product revenue was $350.3M, up 12.1% YoY. Total product + royalty revenue including a $45M patent litigation settlement was $452.7M for FY2025, up 26.1% YoY from $359.1M.
Royalty and Licensing Momentum
Full-year royalty revenue was $57.4M, up 23.2% YoY (does not include the $45M one-time patent settlement). Management states IP licensing became a major contributor in 2025 and expects licensing to expand materially, referencing potential for 'hundreds of millions' in future licensing revenues and additional licensees.
Profitability Turnaround
Fiscal 2025 operating income was $81.8M (18.1% of revenue including the patent settlement) vs an operating loss of $1.3M in the prior year. Full-year net income rose to $118.6M from $6.1M, and fully diluted EPS increased to $2.61 from $0.14.
Improved Gross Margins Year-over-Year
Consolidated gross margin for FY2025 rose to 57.3%, up 6.1 percentage points from 51.2% in the prior year. Q4 gross margin was 55.4% (note: a 2.1 percentage point QoQ decline driven by a Q3 royalty catch-up).
Strong Balance Sheet and Cash Position
Cash and cash equivalents were $402.8M at quarter end. Q4 operating cash flow was ~$15.7M, accounts receivable net of reserves was $60.7M (DSOs 44 days), and inventories were $91.3M (up 1% sequentially). Q4 capex was $5.5M.
Improving Demand Metrics and Backlog
Book-to-bill improved (Q4 >1, management cited >1.2 in Q4 and continuing improvement into Q1), and 1-year backlog increased 15.8% sequentially to $176.9M, indicating strengthening bookings and demand visibility.
Segment Wins and Product Momentum
Advanced Products revenue for FY2025 increased 26% to $248.6M (from $197.3M), and the lead VPD customer is ramping Gen 4 production while planning a Gen 5 transition beginning in H2 2026—supporting a steep ramp through the end of 2026.
Capacity Planning and Large Market Opportunity
Management reports Fab 1 capacity is slightly above $1B annual product revenue (targeting ~80% utilization for optimal operation). They are planning a second fab/campus (up to 0.5M sq ft potential) and assessing alternate/partner sources to meet expected demand; estimated incremental fab capex range cited at ~$250–300M.
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 |
|---|---|---|---|
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% |
Apr 29, 2025 | $51.91 | $39.91 | -23.13% |
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 Apr 28, 2026, After Close (Confirmed).
What is Vicor Corp (VICR) earnings time?
Vicor Corp (VICR) earnings time is at Apr 28, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is VICR EPS forecast?
VICR EPS forecast for the fiscal quarter 2026 (Q1) is 0.37.