Vicor posts Q3 2026 revenue of $197.1 M and EPS $1.33, driven by soaring AI licensing royalties
Vicor Corporation reported third‑quarter 2026 results on Oct. 20. Revenue reached $197.1 million, up 37.5% sequentially and 78.5% year‑over‑year, while GAAP EPS was $1.33, beating estimates by $0.04. Royalty income from AI‑related licensing jumped to $66.6 million, lifting gross margin to 68.3% and expanding the backlog to $406 million. Management said the company will add two new fab sites to increase capacity roughly five‑fold and expects Q4 product revenue to grow about 10% with at least $43 million of royalty revenue.
Why it matters
The earnings beat and strong royalty growth suggest higher near‑term cash flow, supporting the announced capacity expansion and potentially boosting future earnings. Analysts note the beat and the higher margin could justify a higher price target.
Key facts
- 1Q3 2026 product and royalty revenue was $197.1 million, a 37.5% sequential increase from the prior quarter. globenewswire.com
- 2Revenue was up 78.5% year‑over‑year from $110.4 million in the comparable quarter of 2025. globenewswire.com
- 3GAAP net income was $63.3 million, or $1.33 per diluted share. globenewswire.com
- 4Gross margin was $134.7 million, or 68.3% of revenue. globenewswire.com
- 5Backlog at quarter‑end totaled $406 million, a 7% sequential increase. globenewswire.com
- 6Royalty revenue rose to $66.6 million, a 119.1% increase year‑over‑year. finance.yahoo.com
Summary written by AlphAI AI Desk from 20 of 33 sources. Not investment advice. Figures are as stated by the linked sources.