Filing Flows › Vicor (VICR) › Q2 2026
Vicor (VICR) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 29, 2026
Vicor (VICR) reported revenue of $143M for the second quarter 2026 (Q2 2026), +2% from a year earlier and +27% from the quarter before. Operating margin was 24.3%, net earnings $49.8M (34.7% of revenue).
Vicor, Q2 2026: revenue $143M (+2% year over year), operating margin 24.3%, net earnings $49.8M, operating cash flow $34.1M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $143M | +27% | +2% |
| Gross profit | $83.1M | +33% | -10% |
| Operating profit | $34.9M | +107% | -23% |
| Net earnings | $49.8M | +141% | +21% |
| Operating cash flow | $34.1M | — | -48% |
| Free cash flow | $23.0M | — | -61% |
What changed
Revenue was $143.4M in Q2 2026, up 2% year over year and up 27% from the previous quarter. Direct Customers Contract Manufacturers and Non Stocking Distributors was the largest line at 55% of revenue. Royalty added $20.1M year over year (up 194%), 870% of the total change.
Gross margin was 58.0%, down 7.3 points from Q2 2025. Operating profit was $34.9M, a 24.3% margin (down 7.8 points year over year). Operating profit fell $10.5M even though revenue rose $2.3M versus Q2 2025, so costs grew faster than sales. Operating expenses grew 3% against revenue growth of 2%. Net earnings were $49.8M, up 21% year over year. The effective tax rate was -27.9%.
Operating cash flow was $34.1M (down 48% year over year), 69% of net earnings. Non-cash charges added back $5.4M of depreciation and amortization and $4.2M of share-based compensation. Working capital and other items used $25.2M. Capital expenditures of $11.2M left free cash flow of $23.0M.
Questions
What was Vicor's revenue in the second quarter 2026?
Vicor (VICR) reported revenue of $143M for the second quarter 2026 (Q2 2026), +2% from a year earlier and +27% from the quarter before.
Was Vicor profitable in the second quarter 2026?
Operating profit was $34.9M (24.3% of revenue) and net earnings $49.8M.
Source: Vicor 10-Q on SEC EDGAR.