Vicor Q1 2026: Revenue up 20%, margin expands 800bp, backlog surges 75% YoY

Filed April 30, 2026 · Period ending March 31, 2026 · Compared to 10-Q Apr 30, 2025 · ~1 min read

Key Changes

• high

  Revenue grew 20.2% YoY to $113M with gross margin expanding 800bp to 55.2%, driving net income to $20.7M ($0.44/share) from $2.5M ($0.06/share) prior year. Profitability improvement reflects higher volume, better product mix including royalty revenue, and production efficiencies.

  MD&A: Financial Results verify on EDGAR →
• high

  Backlog surged 75% YoY to $300.6M at quarter-end from $171.7M, with sequential jump from $176.9M indicating accelerating order intake. Forward demand visibility strengthens significantly.

  MD&A: Backlog verify on EDGAR →
• high

  Company paid $28.6M to SynQor during Q1 2026, disclosed in cash flow discussion and referenced in Note 11. Payment appears to resolve litigation matter accrued in prior periods.

  MD&A: Cash Flow verify on EDGAR →