Vicor posts blowout Q3 2026 revenue and expands AI‑focused capacity
Vicor Corporation reported third‑quarter 2026 revenue of $197.1 million, a 78.5% year‑over‑year increase, and gross margin of 68.3%. The company said the growth was driven by higher product sales and a surge in royalty revenue from its new Vertical Power Delivery licensing deal. Vicor also announced the purchase of two sites to increase manufacturing capacity roughly fivefold and disclosed an ongoing USITC investigation into its VPD modules.
Why it matters
Needham and Roth Capital lifted their price targets on VICR to $350‑$360 after the earnings beat, indicating analysts expect the AI‑related royalty model and capacity expansion to sustain growth. The capacity build‑out and licensing could boost future revenue streams, while the ITC case adds a legal risk that may affect licensing terms.
Key facts
- 1Q3 2026 revenue was $197.1 million, up 78.5% YoY. timothysykes.com
- 2Gross margin for the quarter was 68.3%. timothysykes.com
- 3EPS for Q3 2026 was $1.33. stockstotrade.com
- 4Vicor’s order backlog was about $406 million at quarter end. gurufocus.com
- 5The company bought two additional sites near its ChiP Fab‑1 to support an estimated fivefold increase in output. timothysykes.com
- 6The US International Trade Commission opened an investigation into Vicor’s VPD modules. stockstotrade.com
Summary written by AlphAI AI Desk from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.