Vicor (NASDAQ:VICR) Posts Earnings Results, Beats Expectations By $0.39 EPS

Vicor (NASDAQ:VICR) posted its quarterly earnings data on Tuesday. The electronics maker reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.39, RTT News reports. The business had revenue of $143.35 million during the quarter, compared to analysts’ expectations of $138.37 million. Vicor had a net margin of 28.98% and a return on equity of 20.21%. During the same period last year, the firm posted $0.91 earnings per share.

Here are the key takeaways from Vicor’s conference call:

• Vicor reported Q2 2026 revenue of $143.4 million, up 26.9% sequentially, with gross margin improving to 58% and net income reaching $49.8 million. Management also highlighted a stronger mix shift toward advanced products, which grew 45% quarter over quarter.
• The company said book-to-bill was above 1 and one-year backlog rose 26% to $379.7 million, supporting its outlook for nearly 10% sequential revenue growth in Q3 and more than $600 million in full-year 2026 revenue.
• Vicor’s new license agreement contributed $15 million in Q2 revenue, but due to accounting treatment it is expected to fall to $5 million in Q3 before returning to $10 million per quarter for the following four quarters.
• Management reiterated a long-term strategy centered on second-generation Vertical Power Delivery (VPD), saying initial development targets have been met and that demo systems are being prepared for a broader customer base. They expect engagement with hyperscalers and OEMs to expand over the coming quarters.
• Vicor said its broader ambitions require a second chip fab, since the current facility alone cannot support the company’s stated $2.5 billion revenue target. Management is down-selecting sites and expects a phased buildout that could eventually add 2x to 3x the first fab’s capacity.

Vicor Price Performance

Shares of VICR opened at $214.70 on Wednesday. The firm’s 50 day moving average is $296.34 and its 200-day moving average is $222.70. Vicor has a 12-month low of $41.76 and a 12-month high of $382.65. The stock has a market capitalization of $9.79 billion, a P/E ratio of 71.81 and a beta of 2.33.

Trending Headlines about Vicor

Here are the key news stories impacting Vicor this week:

• Positive Sentiment: Vicor reported Q2 earnings of $1.04 per share, beating estimates, while revenue of $143.35 million also topped expectations, showing solid demand and profitability. Vicor Corporation Reports Results for the Second Quarter Ended June 30, 2026
• Positive Sentiment: Backlog rose to $380 million, up sharply from the prior quarter, suggesting strong future demand across high-performance computing, industrial, aerospace, and defense markets. Vicor Corporation Reports Results for the Second Quarter Ended June 30, 2026
• Positive Sentiment: Management said rising demand is absorbing capacity and highlighted plans to expand production, which supports the company’s longer-term growth story. Vicor Earnings Call: Growth, Margins, and Scaling Risks
• Neutral Sentiment: Needham maintained a Buy rating on Vicor, but lowered its price target to $320, signaling continued confidence with somewhat less optimism on the near-term outlook. Vicor Maintains Buy Rating as Analyst Cuts Price Target to $320 Amid Conservative Licensing Outlook and Strategic Capacity Expansion
• Negative Sentiment: Vicor’s third-quarter revenue guidance came in below Wall Street expectations, which is likely weighing on the stock despite the strong quarterly beat. Vicor Corporation Reports Results for the Second Quarter Ended June 30, 2026

Insider Buying and Selling at Vicor

In related news, CEO Patrizio Vinciarelli sold 700 shares of the firm’s stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $302.40, for a total transaction of $211,680.00. Following the completion of the sale, the chief executive officer directly owned 8,347,390 shares in the company, valued at approximately $2,524,250,736. This trade represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Andrew D’amico sold 331 shares of Vicor stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $319.53, for a total transaction of $105,764.43. Following the completion of the transaction, the director owned 200 shares in the company, valued at approximately $63,906. This trade represents a 62.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 392,682 shares of company stock valued at $123,899,833 in the last ninety days. Company insiders own 28.30% of the company’s stock.

Institutional Investors Weigh In On Vicor

Several large investors have recently modified their holdings of VICR. Royal Bank of Canada raised its position in shares of Vicor by 6.0% during the first quarter. Royal Bank of Canada now owns 15,167 shares of the electronics maker’s stock worth $709,000 after purchasing an additional 857 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Vicor by 4.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,537 shares of the electronics maker’s stock valued at $633,000 after purchasing an additional 563 shares during the last quarter. Millennium Management LLC boosted its position in shares of Vicor by 4,634.5% in the 1st quarter. Millennium Management LLC now owns 264,611 shares of the electronics maker’s stock valued at $12,379,000 after purchasing an additional 259,022 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Vicor by 38.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 41,541 shares of the electronics maker’s stock valued at $1,943,000 after purchasing an additional 11,525 shares during the period. Finally, Acadian Asset Management LLC increased its stake in Vicor by 56.1% in the 1st quarter. Acadian Asset Management LLC now owns 8,860 shares of the electronics maker’s stock worth $413,000 after purchasing an additional 3,184 shares in the last quarter. 47.45% of the stock is owned by institutional investors.

Analysts Set New Price Targets

VICR has been the topic of several recent analyst reports. Zacks Research cut Vicor from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 2nd. Craig Hallum increased their price target on Vicor to $450.00 and gave the company a “buy” rating in a research note on Monday, June 22nd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Vicor in a research report on Monday, June 1st. Needham & Company LLC reissued a “buy” rating and issued a $320.00 price objective on shares of Vicor in a research note on Tuesday. Finally, Wall Street Zen downgraded Vicor from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $381.67.

Vicor Company Profile

Vicor Corporation is a designer and manufacturer of modular power components and systems, serving a wide range of industries that demand high performance and efficiency. Headquartered in Andover, Massachusetts, the company develops power conversion solutions that help customers optimize energy delivery in applications from telecommunications and data centers to industrial and automotive systems.

The company’s product portfolio includes high-density DC-DC converters, AC-DC front-end modules, point-of-load regulators and complete power systems that combine multiple conversion stages in a single package.