Vicor 10-Q: Q3 Revenue $197.1M, EPS $1.33, New $150M Buyback Authorized
VICR has more than doubled off its 52-week low of $80.29.
Summary
Vicor's Q3 10-Q confirms the already-reported $197.1M revenue and $1.33 EPS, with royalty revenue nearly tripling to $66.6M and backlog up to $406.0M. It also discloses a new $150M buyback authorization and $513.1M of cash.
Key Events · Earnings and Guidance · VICR
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Q3 Revenue $197.1M, EPS $1.33
Total net revenues rose 78.5% to $197,114 thousand from $110,423 thousand a year earlier; diluted EPS was $1.33 versus $0.63.
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Royalty Revenue Nearly Triples
Royalty revenue reached $66,613 thousand versus $21,725 thousand, driven by a new license agreement signed during the quarter; gross margin rose to 68.3% from 57.5%.
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New $150M Buyback Replaces Old Plan
The board authorized up to $150,000,000 of repurchases in August 2026, replacing the July 2024 $100,000,000 authorization; no shares were repurchased in Q3, leaving the full $150,000,000 available.
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Backlog Climbs to $406.0M
Backlog for products shipping within 12 months rose to approximately $406,043,000 from $379,736,000 at June 30, 2026.
Analysis · VICR · Manufacturing
The headline numbers were already out on October 20, but the full 10-Q adds the pieces that matter for the thesis. Royalty revenue jumped to $66.6M from $21.7M a year ago on a new license agreement, which is what pushed gross margin to 68.3% and diluted EPS to $1.33. Backlog rose to $406.0M from $379.7M at June 30, so demand is still building rather than being pulled forward. The board also replaced the old $100M repurchase authorization with a new $150M one in August, and the company has bought nothing back so far — $150M remains available. Cash stands at $513.1M with no debt, funding the New Hampshire fab buildout. The offset: legal fees tied to licensing agreements jumped $13.9M year over year, and the CEO's previously disclosed 10b5-1 plan plus a new director plan for 33,562 shares point to continued insider selling.
How filings like this one have moved
In the 30 days to Oct 28, 2026, 30.7% of the 1698 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was 0.00%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, VICR was trading at $214.01 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $9.9B. The 52-week trading range was $80.29 to $382.65. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.