The strong Q2 beat and massive backlog growth signal accelerating demand for Vicor's power solutions in AI and high-performance computing. Traders should watch the 8:00 AM ET conference call for capacity expansion details and any guidance updates; the stock is likely to gap up on this release.
Price Chart
Executive Summary
Vicor reported Q2 2026 revenue of $143.4M (above $138.4M consensus) and EPS of $1.04 (well above $0.62 consensus), driven by strong sequential growth in product and royalty revenue. Backlog surged 145% YoY to $380M, and management highlighted rising demand across AI, test equipment, and defense markets, with plans for a second fab. The strong beat and robust demand signals are bullish for the stock.
Key Financial Metrics
Key Facts
- Q2 2026 revenue $143.4M vs consensus $138.4M (beat)
- Q2 2026 EPS $1.04 vs consensus $0.62 (strong beat)
- Backlog $380M, up 145% YoY and 26% sequentially
- Gross margin 58.0%, up from 55.2% in Q1 2026
- Cash from operations $34.0M, cash balance $453.6M
- CEO cited rising demand for high-performance compute and AI, plans for second fab
Financial Impact
Revenue beat by $5.0M (3.6%), EPS beat by $0.42 (67.7%) vs consensus
Risk Factors
- YoY revenue comparison includes a $45M patent litigation settlement in Q2 2025, making YoY growth appear lower on a reported basis
- Gross margin declined YoY from 65.3% to 58.0% when including the prior-year settlement
- No explicit forward guidance provided; reliance on management commentary
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3330291 |
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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