Vicor reports USD 197.1 million. Analysts target Vicor stock at USD 391.67

Published on 10/25/2026 at 13:21 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Analysts rate Vicor stock Buy as backlog reaches USD 406 million. Gross margin was 68.30 percent versus 57.50 percent a year earlier in the third quarter.

Revenue and capacity signals

Vicor reported USD 197.1 million in third-quarter revenue on October 20, 2026.
Backlog reached USD 406.0 million, up 166.00 percent year over year.
Vicor stock last stood at USD 176.04 on October 23, 2026.

VICR, US9258151029, Illustration mit AI erstellt.

Vicor (ISIN US9258151029) reported USD 197.1 million in revenue for the third quarter ended September 30, 2026, up 78.50 percent from a year earlier, according to GlobeNewswire. Analysts tracked by MarketBeat put the consensus target at USD 391.67.

Three dates shape Vicor

On October 6, 2026, Vicor announced an October 20 earnings call. On October 12, 2026, the company disclosed a USITC investigation into alleged infringement involving Vertical Power Delivery modules. On October 20, 2026, it reported third-quarter revenue of USD 197.1 million, with all three developments documented by GlobeNewswire.

What changed in the third quarter?

The earnings profile improved sharply. Gross margin rose to 68.30 percent from 57.50 percent a year earlier, while net income increased to USD 63.3 million from USD 28.3 million, according to GlobeNewswire. The company also generated USD 69.7 million in operating cash flow during the third quarter, compared with USD 38.5 million a year earlier.

The revenue result exceeded the USD 187.03 million analyst estimate cited by MarketBeat. Diluted earnings per share came in at USD 1.33, compared with a USD 1.32 consensus estimate.

Backlog tests capacity plans

Backlog reached USD 406 million at the end of September, up 7.00 percent from the second quarter and 166.00 percent from a year earlier. Vicor said it had purchased two additional sites near its Andover, Massachusetts facility as demand for high-performance computing power systems increased.

The main counterweight is execution cost. Operating expenses rose to USD 62.5 million in the third quarter from USD 42.6 million a year earlier, including contingency fees for intellectual-property litigation, according to GlobeNewswire. That makes the conversion of backlog and royalty opportunities into sustainable earnings the central operating question.

Stock context after the results

Vicor was last at USD 176.04 on Nasdaq on October 23, 2026 at 4:00 p.m. EDT. The same market context places its 52-week range at USD 80.29 to USD 382.65 and market capitalization at USD 8.1 billion as of October 23, 2026. The further course of trading is shown by the continuously updated real-time quote of Vicor stock.