Vicor (NASDAQ:VICR) Releases Earnings Results, Beats Expectations By $0.39 EPS

Vicor (NASDAQ:VICR) issued its quarterly earnings results on Tuesday. The electronics maker reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.39, RTT News reports. The firm had revenue of $143.35 million during the quarter, compared to the consensus estimate of $138.37 million. Vicor had a return on equity of 19.83% and a net margin of 30.65%.The company’s revenue was up 49.3% on a year-over-year basis. During the same period last year, the company earned $0.91 earnings per share.

Here are the key takeaways from Vicor’s conference call:

• Vicor reported Q2 2026 revenue of $143.4 million, up 26.9% sequentially, with gross margin improving to 58% and net income reaching $49.8 million. Management also highlighted a stronger mix shift toward advanced products, which grew 45% quarter over quarter.
• The company said book-to-bill was above 1 and one-year backlog rose 26% to $379.7 million, supporting its outlook for nearly 10% sequential revenue growth in Q3 and more than $600 million in full-year 2026 revenue.
• Vicor’s new license agreement contributed $15 million in Q2 revenue, but due to accounting treatment it is expected to fall to $5 million in Q3 before returning to $10 million per quarter for the following four quarters.
• Management reiterated a long-term strategy centered on second-generation Vertical Power Delivery (VPD), saying initial development targets have been met and that demo systems are being prepared for a broader customer base. They expect engagement with hyperscalers and OEMs to expand over the coming quarters.
• Vicor said its broader ambitions require a second chip fab, since the current facility alone cannot support the company’s stated $2.5 billion revenue target. Management is down-selecting sites and expects a phased buildout that could eventually add 2x to 3x the first fab’s capacity.

Vicor Stock Performance

Vicor stock opened at $217.35 on Thursday. Vicor has a one year low of $41.76 and a one year high of $382.65. The stock has a fifty day moving average of $294.50 and a 200 day moving average of $223.46. The stock has a market cap of $9.91 billion, a PE ratio of 69.66 and a beta of 2.33.

Insider Transactions at Vicor

In other Vicor news, CEO Patrizio Vinciarelli sold 20,000 shares of the business’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $342.10, for a total transaction of $6,842,000.00. Following the completion of the sale, the chief executive officer directly owned 8,828,090 shares in the company, valued at $3,020,089,589. The trade was a 0.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 384,682 shares of company stock valued at $121,820,633 over the last 90 days. Company insiders own 28.30% of the company’s stock.

Institutional Trading of Vicor

Several large investors have recently added to or reduced their stakes in VICR. Federated Hermes Inc. bought a new position in Vicor in the fourth quarter worth approximately $27,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Vicor during the 4th quarter valued at $36,000. Global Retirement Partners LLC increased its stake in shares of Vicor by 969.4% in the 4th quarter. Global Retirement Partners LLC now owns 385 shares of the electronics maker’s stock worth $42,000 after purchasing an additional 349 shares in the last quarter. Empowered Funds LLC purchased a new stake in shares of Vicor in the 4th quarter worth $81,000. Finally, PNC Financial Services Group Inc. raised its holdings in Vicor by 13.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,129 shares of the electronics maker’s stock worth $56,000 after purchasing an additional 136 shares during the period. 47.45% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Roth Capital upped their price target on shares of Vicor from $285.00 to $375.00 and gave the stock a “buy” rating in a research note on Monday, June 22nd. Craig Hallum raised their price objective on shares of Vicor to $450.00 and gave the company a “buy” rating in a research note on Monday, June 22nd. Zacks Research cut shares of Vicor from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 2nd. Needham & Company LLC dropped their target price on shares of Vicor from $400.00 to $320.00 and set a “buy” rating on the stock in a research note on Tuesday. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Vicor in a report on Monday, June 1st. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Vicor currently has an average rating of “Moderate Buy” and an average price target of $381.67.

Vicor Company Profile

Vicor Corporation is a designer and manufacturer of modular power components and systems, serving a wide range of industries that demand high performance and efficiency. Headquartered in Andover, Massachusetts, the company develops power conversion solutions that help customers optimize energy delivery in applications from telecommunications and data centers to industrial and automotive systems.

The company’s product portfolio includes high-density DC-DC converters, AC-DC front-end modules, point-of-load regulators and complete power systems that combine multiple conversion stages in a single package.