The financials
Vicor Corporation by the numbers
Vicor Corporation (VICR) reported revenue of $113M in Q1 2026 (quarter ended March 31, 2026), up 20% from the same quarter a year earlier. That came with a gross margin of 55% and net income of $21M (18% of revenue). For the full year FY2025, revenue was $408M (+14% year on year) and net income $119M. Its largest product in 2026-Q2 was Royalty at $30M, 38% of the disclosed total, just ahead of Direct Customers Contract Manufacturers And Non Stocking Distributors at 32%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $113M | $94M | +20% |
| Gross profit | $62M | $44M | +41% |
| Operating income | $17M | −$149K | to a profit |
| Net income | $21M | $2.5M | +714% |
| Diluted EPS | $0.44 | $0.06 | +633% |
| Product | Revenue | Share |
|---|---|---|
| Royalty | $30M | 38% |
| Direct Customers Contract Manufacturers And Non Stocking Distributors | $26M | 32% |
| Stocking Distributors Net Of Sales Allowances | $23M | 29% |
| Non Recurring Engineering | $91K | 0.1% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q2 2026Total $79.6M (+26%)
Royalty grew +194% year on yearNon Recurring Engineering -64% year on year
Segment Latestquarter on quarteryear on year
- Royalty$30.4M$30.4MQoQ +103%year on year +194%+103%+194%
- Direct Customers Contract Manufacturers And Non Stocking Distributors$25.8M$25.8MQoQ +3.5%year on year +31%+3.5%+31%
- Stocking Distributors Net Of Sales Allowances$23.3M$23.3MQoQ +1.1%year on year +49%+1.1%+49%
- Non Recurring Engineering$91.0K$91.0KQoQ +7.1%year on year -64%+7.1%-64%
- Product And Service Other$0.00$0.00QoQ -year on year ---
- Royalties$0.00$0.00QoQ -year on year ---
Electronic Components
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