Earnings summaries and quarterly performance for VICOR.
Executive leadership at VICOR.
Patrizio Vinciarelli
Detailed
Chief Executive Officer
CEO
CT
Claudio Tuozzolo
Detailed
Corporate Vice President and President, Vicor Power Components
JS
James Schmidt
Detailed
Chief Financial Officer, Treasurer, and Corporate Secretary
MM
Michael McNamara
Detailed
Corporate Vice President, General Manager, Operations
PD
Philip Davies
Detailed
Corporate Vice President, Global Sales and Marketing
AG
Alex Gusinov
Corporate Vice President, Engineering, Power Components
AD
Alvaro Doyle
Corporate Vice President and Chief Information Officer
NG
Nancy Grava
Corporate Vice President, Human Resources
QF
Quentin Fendelet
Corporate Vice President and Chief Accounting Officer
RG
Robert Gendron
Corporate Vice President, Product Management and Development
SC
Sean Crilly
Corporate Vice President, Engineering, Power Systems
Board of directors at VICOR.
Research analysts who have asked questions during VICOR earnings calls.
JT
Jonathan Tanwanteng
CJS Securities
6 questions for VICR
Also covers: APG, ATRO, CMCO +17 more
QB
Quinn Bolton
Needham & Company, LLC
6 questions for VICR
Also covers: ALAB, ALGM, AMBA +22 more
JD
John Dillon
D&B Capital
4 questions for VICR
RS
Richard Shannon
Craig-Hallum Capital Group LLC
4 questions for VICR
Also covers: AEVA, ALAB, AMBA +21 more
DM
Donald McKenna
D.B. McKenna & Company
3 questions for VICR
JL
James Liberman
American Trust Investment Services
3 questions for VICR
Also covers: NANX
AH
Alan Hicks
Ainsley Capital Management
2 questions for VICR
RS
Rich Shannon
Craig-Hallum Capital Group
2 questions for VICR
AH
A. Hicks
Insit Capital Management
1 question for VICR
JG
Jon Gruber
Lagunitas Investments
1 question for VICR
Also covers: APLD
JC
Justin Clare
Roth MKM
1 question for VICR
Also covers: AMPS, AMSC, ATKR +11 more
PC
Patrick Connors
Ajax Capital
1 question for VICR
Recent press releases and 8-K filings for VICR.
Vicor Reports Strong Q4 and Full-Year 2025 Results, Projects Record 2026 Performance
VICR
Earnings
Guidance Update
New Projects/Investments
- Vicor Corporation reported strong financial results for Q4 2025, with product revenue of $92.7 million and net diluted earnings per share of $1.01, contributing to a full-year 2025 net income of $118.6 million and diluted EPS of $2.61.
- The company projects record bookings, revenues, and profitability for 2026, with product revenue expected to double the rate of 2025 and a run rate potentially approaching $800 million as its first fab approaches 80% utilization within a year.
- To meet growing demand, Vicor is planning a second chip fab that may be available by 2028 and is engaging in discussions with candidates for an alternate source of high-current density Gen 5 VPD solutions.
- Vicor continues to enforce its intellectual property, with the U.S. International Trade Commission initiating a second investigation into infringing products, and aims to significantly increase its number of substantial licensees in the high-end computing AI market.
Feb 19, 2026, 10:00 PM
Vicor Reports Strong Q4 and Full-Year 2025 Results, Projects Significant 2026 Growth
VICR
Earnings
Guidance Update
New Projects/Investments
- Vicor reported Q4 2025 product revenue of $92.7 million, a 4.5% sequential increase, and full-year 2025 product revenue of $350.3 million, up 12.1% from the prior year. Net income for Q4 2025 was $46.5 million, with diluted earnings per share of $1.01, while full-year 2025 net income increased to $118.6 million from $6.1 million in the prior year, with diluted EPS rising to $2.61.
- The company's Q4 2025 book-to-bill ratio was well above 1x and continued to increase in Q1 2026, with a one-year backlog closing at $176.9 million, up 15.8% sequentially.
- Vicor anticipates record bookings, revenues, and profitability in 2026, with the first ChiP fab expected to be well utilized within a year. This existing fab has a capacity to generate slightly above $1 billion in annual revenue, and the company projects a product revenue run rate approaching $800 million over the next year at an optimal 80% utilization.
- The company is actively enforcing its intellectual property, with the U.S. International Trade Commission instituting a second investigation into illegal importation of infringing power modules.
- Vicor is planning for a second ChiP fab to expand market opportunity, which may not be available until 2028, and is also discussing with potential alternate sources for high current density Gen 5 VPD solutions.
Feb 19, 2026, 10:00 PM
Vicor Corporation Reports Strong Q4 and Full-Year 2025 Results, Projects Record 2026
VICR
Earnings
Guidance Update
New Projects/Investments
- Vicor Corporation reported net income of $46.5 million (or $1.01 per diluted share) for Q4 2025, which included a $27.3 million tax benefit. For the full year 2025, net income was $118.6 million (or $2.61 per diluted share), with cash flow from operations increasing 174.5% to $139.5 million.
- Product revenue for Q4 2025 increased 15.3% year-over-year to $92.7 million, and the backlog grew 15.8% sequentially to $176.9 million as of December 31, 2025.
- The CEO anticipates a record year for product revenues in 2026 due to rising demand and expects record IP licensing revenues. The company is also planning a second ChiP fab to expand capacity.
Feb 19, 2026, 9:39 PM
Vicor Corporation Reports Strong Q4 and Full-Year 2025 Financial Results, Anticipates Record 2026
VICR
Earnings
Guidance Update
Revenue Acceleration/Inflection
- Vicor Corporation reported Q4 2025 product revenue of $92.7 million, a 15.3% increase from the prior year period, and diluted earnings per share of $1.01.
- For the full year 2025, total product and royalty revenue, including a patent litigation settlement, increased 26.1% to $452.7 million, with diluted earnings per share of $2.61.
- The company's backlog grew 15.8% sequentially to $176.9 million by the end of Q4 2025.
- CEO Dr. Patrizio Vinciarelli anticipates a record year for product revenues and IP licensing revenues in 2026 due to rising demand.
Feb 19, 2026, 9:05 PM
Vicor Initiates Second ITC Case and Projects Licensing Business Growth
VICR
Legal Proceedings
New Projects/Investments
Guidance Update
- Vicor initiated a second ITC case in early January 2026, focusing on NBM technology, and anticipates its licensing business will approximately double over the next couple of years, with Vertical Power Delivery (VPD) licenses expected to carry substantially higher costs.
- The company is progressing with its 2nd-gen Vertical Power Delivery (VPD) solution, with deliveries to a lead customer escalating and volume design wins for Gen 5 VPD expected to ramp in 2027.
- Vicor's book-to-bill ratio is now well above one, and the company expects its gross margin model to increase from 65% to 70% due to improved fab utilization and the strength of its licensing business.
- The company is actively pursuing a second manufacturing facility and exploring licensed alternate sourcing, with the first fab in Andover getting substantially filled this year.
Jan 16, 2026, 4:00 PM
Vicor Discusses IP Enforcement, New Product Ramps, and Capacity Expansion
VICR
Legal Proceedings
New Projects/Investments
Guidance Update
- Vicor filed a second ITC case in early January 2026, focused on NBM technology, and expects its licensing and royalty business to approximately double over the next couple of years. Licenses for Vertical Power Delivery (VPD) technology are anticipated to carry substantially higher costs.
- The company's Gen 5 (second-generation) VPD solution is on track for a Q1 2026 production launch with a lead customer, with broader production ramps expected in 2027. A 10-kilowatt 800-volt module is also nearing completion for mid-2026.
- Vicor's book-to-bill ratio is well above one, and the company is considering increasing its gross margin model from 65% to 70% due to the strength of its licensing business and improved fab utilization.
- The first chip fab in Andover is substantially filling in 2026, and Vicor is actively pursuing a second U.S.-based facility, with a location potentially secured very soon.
Jan 16, 2026, 4:00 PM
Vicor Discusses IP Enforcement, Gen 5 VPD Production, and Manufacturing Expansion
VICR
Legal Proceedings
Product Launch
New Projects/Investments
- Vicor has initiated a second ITC case in early January 2026 to address ongoing infringement of its NBM technology IP and expects its licensing and royalty business to approximately double over the next couple of years, with Vertical Power Delivery (VPD) technology licenses anticipated to carry substantially higher value.
- The company's second-generation VPD solution is on track for a Q1 2026 production launch with a lead customer, with deliveries escalating rapidly, and further AI processor design wins are anticipated later in 2026 for 2027 ramps.
- Vicor is actively pursuing a second manufacturing facility, with a location expected to be secured very soon, and is also exploring licensed alternate sourcing options to meet growing demand and provide fault tolerance.
- The company's book-to-bill ratio is now well above one, and gross margins are projected to increase from 65% to 70% due to improved fab utilization and the strength of the licensing business.
Jan 16, 2026, 4:00 PM
Vicor Reports Q3 2025 Financial Results and IP Licensing Growth
VICR
Earnings
Revenue Acceleration/Inflection
New Projects/Investments
- Vicor reported Q3 2025 product revenues and licensing income of $110.4 million, an 18.5% increase year-over-year from Q3 2024, but a 21.7% sequential decrease from Q2 2025, which had benefited from a $45 million patent litigation settlement. The company achieved a consolidated gross profit margin of 57.5% and GAAP-diluted income per share of $0.63.
- The IP licensing business reached a run rate of nearly $90 million per year in Q3 2025, with expectations to grow at approximately 50% annually and potentially double within two years.
- Vicor's second-generation Vertical Power Delivery (VPD) solution for its lead customer is progressing towards a Q1 2026 production launch, with engagements beginning with other hyperscalers and OEMs. Management anticipates 2025 to be a record year for top line, bottom line, and EPS, projecting power revenues alone could exceed $1 billion by filling the fab.
Oct 21, 2025, 9:00 PM
Vicor Corporation Reports Third Quarter 2025 Financial Results
VICR
Earnings
Legal Proceedings
Share Buyback
- Vicor Corporation reported product revenues and licensing income of $110.4 million for the third quarter ended September 30, 2025, an 18.5% increase from the prior year's corresponding period, but a 21.7% sequential decrease from the second quarter of 2025, which included a $45.0 million patent litigation settlement.
- Net income for Q3 2025 was $28.3 million, or $0.63 per diluted share, compared to $11.6 million ($0.26 per diluted share) in Q3 2024 and $41.2 million ($0.91 per diluted share) in Q2 2025.
- Cash and cash equivalents increased 7.0% sequentially to approximately $362.4 million as of September 30, 2025, with cash flow from operations totaling $38.5 million for the quarter.
- The company's backlog for the third quarter ended September 30, 2025, was $152.8 million, representing a 1.5% increase year-over-year but a 1.5% sequential decrease.
Oct 21, 2025, 8:19 PM
Vicor Corporation Reports Q3 2025 Financial Results
VICR
Earnings
Legal Proceedings
Share Buyback
- Vicor Corporation reported product revenues and licensing income of $110.4 million for the third quarter ended September 30, 2025, marking an 18.5% increase from the prior year's corresponding period, though it was a 21.7% sequential decrease from Q2 2025 which included a $45.0 million patent litigation settlement.
- Net income for Q3 2025 was $28.3 million, or $0.63 per diluted share, compared to $11.6 million, or $0.26 per diluted share, for the same period a year ago.
- The company's gross margin for the third quarter of 2025 increased to 57.5% of revenue, up from 49.1% in the corresponding period a year ago.
- Cash flow from operations totaled $38.5 million for the third quarter, and cash and cash equivalents increased 7.0% sequentially to approximately $362.4 million as of September 30, 2025.
- Backlog as of September 30, 2025, was $152.8 million, a 1.5% increase from the prior year but a 1.5% sequential decrease.
Oct 21, 2025, 8:05 PM
Quarterly earnings call transcripts for VICOR.
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