Vicor Reports Strong Q3 Earnings with Revenue Growth and Increased Backlog
Vicor Corporation (VICR) reported strong financial results for the third quarter of 2026, driven by a significant increase in revenue from its Advanced Products portfolio and royalty income. Total revenue reached $197.1 million, up 37.5% sequentially and 78.5% year-over-year. Royalty revenue surged to $66.6 million, reflecting an impressive 119.1% sequential increase. The company also reported a gross margin of 68.3%, driven by higher licensing income and volume efficiencies. Vicor's backlog increased sequentially by 7% to $406 million, up sharply from the prior year period. Management provided guidance for continued growth in both product revenue (10% sequential increase expected) and royalty revenue of at least $43 million. The company also announced a fivefold expansion plan for manufacturing capacity through new sites for Chip Fab 2 and Chip Fab 3 to meet rising demand. Despite these positive results, management noted near-term production constraints due to full utilization of existing infrastructure at Fab 1. Additionally, the International Trade Commission has initiated an investigation into patent infringement claims.
Tickers: $VICR
Topics: backlog cash_position gross_margin net_income revenue