AI-extracted from the 10-Q filed 2026-10-26 — Q3 FY2026 (quarter ended September 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Vicor's Q3 2026 net revenue rose 78.5% YoY to $197.1M, driven by $66.6M in royalty revenue from a new license agreement and 112% growth in Advanced Products, lifting net income to $63.3M.
Higher royalty revenue due to a new license agreement entered into during the quarter and volume increases due to improved market demand.
Brick Products$58.3M+29.7% YoY
Improved volume increases due to increased market demand.
Largest Expense Items
Selling, general and administrative$38.6M+69.5% YoY
Primarily legal fees associated with licensing agreements and increased legal activity, plus compensation adjustments.
Research and development$24.0M+20.7% YoY
Primarily increased waste disposal and prototype development costs for Advanced Products.
Margins: Gross margin as a percentage of net revenues and patent litigation settlement rose to 68.3% from 57.5% a year earlier, attributed to higher sales volume including royalties and production efficiencies, partly offset by unfavorable sales mix.
Watch Items from the Filing
Royalty revenue of $66.6M in the quarter stems from a single new license agreement, making a meaningful portion of growth dependent on licensing timing.
Legal fees rose $13.9M YoY in the quarter, tied to licensing agreements and increased legal activity, a major driver of SG&A growth.
Backlog reached approximately $406.0M at quarter end, up from $379.7M at the end of Q2 2026.
Accounts receivable rose to $122.5M from $60.7M at December 31, 2025, and inventories increased 6.2% QoQ in anticipation of higher volume.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Shen Zheng JohnDirectorGrant or award · Jun 22, 2026
Carlson JasonDirectorGrant or award · Jun 22, 2026
Congress trading in VICR
2 transactions in VICR reported by 1 member of Congress under the STOCK Act, most recent trade Mar 31, 2025. Reported transactions, not recommendations.
About VICOR CORP (VICR): stock profile, AI score and financials
VICOR CORP (VICR) stock profile, AI quality score, and SEC EDGAR financial data, a Technology sector company. 13F Pro's AI-powered ranking engine scores VICR at 68.4/100 on a composite quality score built from its SEC filings, placing it at rank #308 of 2,925 stocks — the top 25% of the AI-ranked universe. VICR scores in the top quartile across balance sheet strength (96.6), profitability (93.2), institutional flow (88.1). Areas of concern include earnings quality (30.5) and revenue scale (38.6), which score below median versus the broader universe. Shareholder dilution risk is elevated at 28.4/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q3 2026), VICOR CORP reports quarterly revenue of $197.1M, net income of $63.3M, an operating margin of 36.6%. Top institutional holders of VICR by reported 13-F value include BlackRock, PRICE T ROWE ASSOCIATES, JPMORGAN CHASE, based on the most recent SEC filings. VICR trades on the Nasdaq exchange and files with the SEC under CIK 751978. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate VICR daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for VICOR CORP directly from SEC EDGAR.