The 70% sequential backlog jump and capacity expansion plans suggest sustained revenue momentum — monitor next quarter's shipment conversion of backlog. Despite the EPS miss vs the $1.01 tax-impacted prior quarter, the clean $0.44 beat on $0.41 consensus and strong guidance proxy via backlog supports upside potential.
Price Chart
Executive Summary
Vicor Corporation reported strong first-quarter 2026 results with revenue of $113.0 million (up 20.2% YoY) and diluted EPS of $0.44, a significant improvement from $0.06 in the year-ago quarter, despite a sequential decline from a tax-impacted prior quarter. The company highlighted a 70% sequential backlog increase and raised capacity plans, signaling strong demand in high-performance computing and defense markets.
Key Financial Metrics
Key Facts
- Revenue for Q1 2026 was $113.0 million, up 20.2% YoY and 5.3% sequentially
- Net income attributable to Vicor was $20.7 million, or $0.44 per diluted share, compared to $2.5 million or $0.06 per share in the year-ago quarter
- Backlog surged 70% sequentially to $301 million, up 75% YoY
- Gross margin expanded to 55.2% from 47.2% YoY, though slightly down from 55.4% in prior quarter
- Operating expenses increased to $45.5 million from $44.5 million YoY
- Cash flow used in operations was $(3.9) million, net of a $28.6 million litigation payment
Financial Impact
Revenue beat consensus by $3.7M (+3.4%), EPS beat by $0.03 (+7.3%) on a $0.41 estimate; backlog growth implies strong future revenue visibility
Risk Factors
- Prior quarter's $1.01 EPS included a $27.3M tax benefit, creating a misleading YoY comparison
- Forward-looking statements carry uncertainty; actual results may differ due to market or operational risks
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3277763 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 11, 2026 21d ago | Press Release | $197.91 $222.72 | ▲ +12.54% | ▲ +12.76% | $308.90 (+56.08%) |
Aug 27, 2026 5w ago | 8-K | $203.64 $178.76 | ▼ −12.22% | ▼ −12.49% | $308.90 (+51.69%) |
Aug 19, 2026 6w ago | Insider Cluster | $217.35 $197.23 | ▼ −9.26% | ▼ −8.87% | $308.90 (+42.12%) |
Aug 19, 2026 6w ago | Insider Cluster | $217.35 $197.23 | ▼ −9.26% | ▼ −8.87% | $308.90 (+42.12%) |
Jul 21, 2026 10w ago | 8-K | $214.70 $206.44 | ▼ −3.85% | ▼ −2.62% | $308.90 (+43.88%) |
Jul 21, 2026 10w ago | Press Release | $214.70 $206.44 | ▼ −3.85% | ▼ −2.62% | $308.90 (+43.88%) |
Jul 7, 2026 12w ago | Press Release | $257.34 $264.50 | ▲ +2.78% | ▲ +2.23% | $308.90 (+20.04%) |
Jul 7, 2026 12w ago | Insider Cluster | $257.34 $264.50 | ▲ +2.78% | ▲ +2.23% | $308.90 (+20.04%) |
Jul 6, 2026 12w ago | Insider Cluster | $285.34 $272.05 | ▼ −4.66% | ▼ −5.15% | $308.90 (+8.26%) |
Jul 6, 2026 12w ago | Insider Cluster | $285.34 $272.05 | ▼ −4.66% | ▼ −5.15% | $308.90 (+8.26%) |
US Market Status
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