Vicor Q2 Revenue Climbs 27% Sequentially to $143M; Backlog Swells to $380M
VICR has more than doubled off its 52-week low of $41.76.
Summary
Vicor reported Q2 2026 revenue of $143.4 million, up 27% sequentially, with net income of $49.8 million ($1.04/share). Backlog hit $380 million, up 145% year-over-year, and the company is expanding capacity with a second fab.
Key Events · Earnings and Guidance · VICR
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Revenue Surges 27% Sequentially
Driven by strong demand across high-performance compute, industrial, and defense applications, Q2 2026 product and royalty revenues reached $143.4 million, up from $113.0 million in Q1 2026.
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Net Income More Than Doubles
Reflecting higher volumes and improved operating leverage, net income jumped to $49.8 million ($1.04 diluted EPS) from $20.7 million ($0.44) in Q1 2026.
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Backlog Hits $380 Million
Indicating robust future revenue visibility, backlog increased 26% sequentially and 145% year-over-year to $380 million.
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Cash Position Strengthens
Cash and equivalents rose 12.2% sequentially to $453.6 million, with $34.0 million in operating cash flow funding capacity expansion without external capital.
Analysis · VICR · Manufacturing
Vicor delivered a standout quarter, with revenue surging 27% from Q1 to $143.4 million on the back of product and royalty growth. Net income more than doubled sequentially to $49.8 million, or $1.04 per share. The backlog ballooned to $380 million — up 26% from last quarter and 145% year-over-year — signaling sustained demand from AI, data center, and defense customers. With $453.6 million in cash and no debt, the company is self-funding a second ChiP fab to meet accelerating orders. This print materially raises the growth trajectory and supports the premium valuation.
How filings like this one have moved
In the 30 days to Sep 11, 2026, 36.1% of the 1753 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.04%. 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 $231.99 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $10.5B. The 52-week trading range was $41.76 to $382.65. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.