VICR Q2 revenue up 49% to $143M on new IP license; backlog doubles to $380M

Filed July 29, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 1, 2025 · ~1 min read

Key Changes

• high

  Revenue jumped 49% YoY to $143M, driven by a new IP license agreement and improved market demand across Advanced Products (+56% to $94M) and Brick Products (+39% to $49M).

  MD&A: Q2 total net revenues verify on EDGAR →
• high

  Backlog more than doubled to $380M (vs $155M prior year), reflecting strong order intake and forward visibility; inventories rose 10% sequentially to $105M to support fulfillment.

  MD&A: Backlog verify on EDGAR →
• high

  Gross margin fell to 58.0% from 65.3%, as prior-year figure included a $45M patent settlement; current-period margin reflects higher volume offset by unfavorable mix and freight/tariff costs.

  MD&A: Gross margin dollars and percentage verify on EDGAR →