Vicor (NASDAQ:VICR) Issues Earnings Results

Vicor (NASDAQ:VICR) released its quarterly earnings data on Tuesday. The electronics maker reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.42, RTT News reports. The company had revenue of $143.35 million for the quarter, compared to analyst estimates of $138.37 million. Vicor had a return on equity of 20.21% and a net margin of 28.98%.During the same quarter in the previous year, the company posted $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 Price Performance

Shares of VICR opened at $230.99 on Tuesday. The firm has a 50-day simple moving average of $297.90 and a two-hundred day simple moving average of $221.96. The stock has a market cap of $10.53 billion, a PE ratio of 77.25 and a beta of 2.33. Vicor has a 1-year low of $41.76 and a 1-year high of $382.65.

Analyst Upgrades and Downgrades

VICR has been the topic of several analyst reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Vicor in a report on Monday, June 1st. Craig Hallum upped their price objective on shares of Vicor to $450.00 and gave the company a “buy” rating in a report on Monday, June 22nd. Roth Capital lifted their target price 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. Wall Street Zen lowered shares of Vicor from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Finally, Zacks Research downgraded shares of Vicor from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 2nd. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $408.33.

Insider Activity at Vicor

In other Vicor news, CEO Patrizio Vinciarelli sold 700 shares of the business’s stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $302.40, for a total value of $211,680.00. Following the sale, the chief executive officer owned 8,347,390 shares of the company’s stock, valued at $2,524,250,736. The trade was a 0.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Philip D. Davies sold 3,073 shares of the firm’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $356.97, for a total value of $1,096,968.81. Following the transaction, the vice president owned 1,920 shares of the company’s stock, valued at approximately $685,382.40. This represents a 61.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 392,682 shares of company stock worth $123,899,833 over the last quarter. Company insiders own 28.30% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Federated Hermes Inc. purchased a new position in Vicor in the 4th quarter valued at approximately $27,000. Wilmington Savings Fund Society FSB purchased a new stake in Vicor during the 4th quarter worth about $36,000. Global Retirement Partners LLC raised its position in Vicor by 969.4% in the 4th quarter. Global Retirement Partners LLC now owns 385 shares of the electronics maker’s stock valued at $42,000 after purchasing an additional 349 shares in the last quarter. Empowered Funds LLC purchased a new position in shares of Vicor in the 4th quarter valued at about $81,000. Finally, PNC Financial Services Group Inc. grew its position in shares of Vicor by 13.7% during the third quarter. PNC Financial Services Group Inc. now owns 1,129 shares of the electronics maker’s stock worth $56,000 after buying an additional 136 shares in the last quarter. Institutional investors and hedge funds own 47.45% of the company’s stock.

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.