Vicor Q1 revenue rises 20% to $113.0 million; net income $20.7 million
Vicor reported first-quarter 2026 revenue of $113.0 million, up 20.2% from a year earlier, with net income of $20.7 million, or $0.44 per diluted share, versus $2.5 million, or $0.06 per share, a year ago. Backlog rose 75% year over year to $301 million, and management cited rising demand and a second fab plan, though operating cash flow was negative $3.9 million after a $28.6 million litigation payment.
Key points
- Revenue of $113.0 million, up 20.2% from $94.0 million a year ago and up 5.3% from $107.3 million in the fourth quarter of 2025.
- Net income of $20.7 million, or $0.44 per diluted share, versus $46.5 million, or $1.01 per diluted share, in the fourth quarter of 2025, which included a $27.3 million tax benefit.
- Cash flow used for operations was $(3.9) million, net of a $28.6 million payment of an award for past litigation.
- Backlog totaled $301 million at March 31, 2026, up 75% from a year earlier and 70% from $177 million at year-end 2025.
The filing
Written by AI on Nov 8, 2026, 12:57 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 21, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.