Vicor Corporation, along with its various subsidiaries, specializes in the conceptualization, manufacturing, and global distribution of modular power components and systems. These ...
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Est. EPS $0.85 · Revenue $158.20M · 2 analysts
Est. EPS $1.13 · Revenue $189.65M · 2 analysts
Est. EPS $3.44 · Revenue $603.14M · 2 analysts
Est. EPS $1.34 · Revenue $211.90M · 1 analysts
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $407.7M | +13.5% | +26.9% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $118.6M | +1834.3% | +140.9% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +52.6% | +2.6% | +5.0% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | +9.0% | +2575.9% | +62.8% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | +29.1% | +1603.6% | +89.8% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $119.2M | +337.7% | +240.6% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | +29.2% | +285.5% | +210.8% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | 1.8% | +39.6% | -3.8% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 8.99x | +20.1% | -7.3% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $785.8M | +22.6% | +11.1% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | 2.61 vs 2.16 | +20.7% | 1.04 vs 0.85 | +22.0% |
| Revenue Surprise | $407.7M vs $453.2M | -10.0% | $143.4M vs $158.2M | -9.4% |
| Date | Executive | Title | Security | Side | Shares | Price |
|---|---|---|---|---|---|---|
| Sep 1, 2026 | Davies Philip D | director, officer: Corp. VP-Global Sales & Mktg. | Common Stock | A | 3,073 | $41.61 |
| Sep 1, 2026 | Davies Philip D | director, officer: Corp. VP-Global Sales & Mktg. | Common Stock | D | 1,173 | $176.59 |
| Sep 1, 2026 | Davies Philip D | director, officer: Corp. VP-Global Sales & Mktg. | Common Stock | D | 1,100 | $177.63 |
| Sep 1, 2026 | Davies Philip D | director, officer: Corp. VP-Global Sales & Mktg. | Common Stock | D | 700 | $178.66 |
| Sep 1, 2026 | Davies Philip D | director, officer: Corp. VP-Global Sales & Mktg. | Common Stock | D | 100 | $184.85 |
Operator: Ladies and gentlemen, thank you for standing by. Welcome to the second quarter 2026 Vicor Corporation earnings conference call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, you will need to press star one one on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press star one one again. Please be advised that today's conference is being recorded. I would like now to turn the conference over to Jim Schmidt, Chief Financial Officer. Please go ahead. Jim Schmidt: Thank you. Good morning and welcome to Vicor Corporation's earnings call for the second quarter ended June 30, 2026. I'm Jim Schmidt, Chief Financial Officer, and I'm in Andover with Patrizio Vinciarelli, Chief Executive Officer, and Phil Davies, Corporate Vice President, Global Sales and Marketing. Earlier this morning, we issued a press release summarizing our financial results for the three and six months ended June 30, 2026. This press release has been posted on the investor relations page of our website, www.vicorpower.com. We also filed a Form 8-K today related to the issuance of this press release. I remind listeners this conference call is being recorded and is the copyrighted property of Vicor Corporation. I also remind you various remarks we make during this call may constitute forward-looking statements for the purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. Except for historical information contained in this call, the matters discussed on this call, including any statements regarding current and planned products, current and potential customers, potential market opportunities, expected events and announcements, and our capacity expansion, as well as management's expectations for sales growth, spending, and profitability, are forward-looking statements involving risk and uncertainties. In light of these risks and uncertainties, we can offer no assurance that any forward-looking statement will in fact prove to be correct. Actual results may differ materially from those explicitly set forth in or implied by any of our remarks today. The risks and uncertainties we face are discussed in Item 1A of our 2025 Form 10-K, which we filed with the SEC on March 2, 2026. This document is available via the EDGAR system on the SEC's website. Please note the information provided during this conference call is accurate only as of today, Tuesday, July 21, 2026. Vicor undertakes no obligation to update any statements, including forward-looking statements made during this call. You should not rely upon such statements after the conclusion of this call. A webcast replay of today's call will be available shortly on the investor relations page of our website. I'll now turn to review of our Q2 financial performance, after which Phil will …
| Name | Title | Compensation | Gender | Year Born | Status |
|---|---|---|---|---|---|
Patrizio Vinciarelli | Founder, Chairman, Chief Executive Officer & President | USD 541,960 | — | 1947 | Active |
Claudio Tuozzolo | Corporate Vice President & Director | USD 538,566 | Male | 1963 | Active |
Philip D. Davies | Corporate Vice President of Global Sales & Marketing and Director | USD 516,382 | Male | 1960 | Active |
James F. Schmidt | Corporate Vice President, Chief Financial Officer, Treasurer, Corporate Secretary & Director | USD 461,890 | Male | 1961 | Active |
Michael S. McNamara | Corporate Vice President, GM of Operations & Director | USD 444,604 | Male | 1961 | Active |
Quentin A. Fendelet | Corporate Vice President & Chief Accounting Officer | — | Male | 1972 | Active |
Alvaro Doyle | Corporate Vice President & Chief Information Officer | — | Male | 1968 | Active |
Nancy L. Grava | Corporate Vice President of Human Resources | — | Female | 1971 | Active |
Stephen Germino | Director of Media Relations & PR | — | — | — | Active |
Kemble D. Morrison | Vice President & Corporate Controller | — | Male | — | Active |
Vicor's Gen 2 VPD targets higher AI power density, while licensing, customer programs and added capacity could expand its data-center opportunity.
The mean of analysts' price targets for Vicor (VICR) points to a 43.4% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
On August 17, 2026, Vicor Corp (VICR) shares rose 8.0%, closing at $253.50. The stock has shown significant price movement, trading between a 52-week high of $3
VICR's AI-driven demand, surging backlog and rising royalties support growth, but its premium valuation leaves little room for execution missteps.
Vicor is positioned for growth as AI infrastructure drives demand for high-power-density energy conversion solutions. VICR's Vertical Power Delivery and Factorized Power Architecture technologies address the complex energy needs of next-generation AI processors. Q2 2026 saw products and licensing revenue reach $143.4 million, with the order portfolio surging 145% to $380 million year-over-year.
