Vicor posts Q3 2026 earnings beat with 78% revenue surge and raises Q4 outlook
Vicor Corporation reported third‑quarter 2026 results on Oct. 20, 2026. 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. Net income was $63.3 million and cash and cash equivalents rose to about $513.1 million. The company announced a 10% sequential increase in product revenue and at least $43 million of royalty revenue for Q4, driven by capacity expansion and new VPD licensing.
Why it matters
The earnings beat and strong revenue growth suggest higher near‑term profitability, which may support a higher share price (the stock rose 4.9%‑7.6% after the release). The Q4 guidance of 10% product‑revenue growth and $43 million royalty revenue provides a concrete outlook for investors (the company expects).
Key facts
- 1Q3 2026 product and royalty revenue was $197.1 million, a 37.5% sequential increase from $143.4 million in Q2 2026. 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
- 4Cash and cash equivalents as of Sep. 30 2026 were approximately $513.1 million, a 13.1% sequential increase. globenewswire.com
- 5Gross margin was $134.7 million, or 68.3% of revenue. globenewswire.com
- 6Backlog at quarter‑end was $406 million, a 7% sequential rise. globenewswire.com
Summary written by AlphAI AI Desk from 20 of 21 sources. Not investment advice. Figures are as stated by the linked sources.