Vicor Q3 net income rises to $63.3 million; revenue up 78.5% from a year ago
Vicor reported results for the third quarter ended September 30, 2026, with product and royalty revenue of $197.1 million, up 78.5% from $110.4 million a year earlier. Net income was $63.3 million, or $1.33 per diluted share, compared with $0.63 a year earlier, and backlog reached $406 million, up 166% from a year ago. Cash and cash equivalents rose to $513.1 million at quarter end, which shows the company's earnings growth is also reflected in its balance sheet.
Key points
- Product and royalty revenue was $197.1 million, up 37.5% from $143.4 million in Q2 2026 and up 78.5% from $110.4 million a year earlier.
- Net income was $63.3 million, or $1.33 per diluted share, versus $0.63 per diluted share a year earlier.
- Gross margin was 68.3% of revenue, compared with 57.5% a year earlier, while operating expenses rose to $62.5 million.
- Backlog was $406 million at September 30, 2026, and cash and cash equivalents were $513.1 million.
The filing
Written by AI on Nov 7, 2026, 11:18 PM ET, from this filing only.
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