A designer and maker of modular power components and systems, Vicor converts electricity from a source into the precise voltages that power everything from AI data centers and aerospace gear to industrial and defense equipment. Founded in 1981 by Patrizio Vinciarelli, a theoretical physicist who once worked at CERN, the company's name is a shortened take on its founder's surname, Vinciarelli. Its products include Power-on-Package and Factorized Power Architecture modules, built at a main plant in Andover, Massachusetts.
Vicor stockholders elect 11 directors and approve executive compensation at 2026 annual meeting
All 11 director nominees were elected, with votes for ranging from 131,500,824 to 135,772,918 and votes withheld from 7,626,701 to 11,898,795.
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Vicor Corporation held its 2026 Annual Meeting of Stockholders on June 19, 2026.
The board size was fixed at eleven directors, with each nominee to serve until the 2027 Annual Meeting.
Stockholders approved, on an advisory basis, the compensation of named executive officers, with 143,003,631 votes for, 347,218 against, and 48,770 abstaining.
There were no broker non-votes on either proposal.
5.07 Submission of Matters to a Vote of Security Holders
Vicor reports Q3 2025 revenue of $110.4M, up 18.5% year-over-year
Product revenues and licensing income totaled $110.4 million for Q3 2025, an 18.5% increase from $93.2 million a year ago and a 21.7% sequential decrease from $141.0 million in Q2 2025, which included a $45.0 million patent litigation settlement.
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Gross margin was $63.5 million (57.5% of revenue) in Q3 2025, up from $45.7 million (49.1%) a year ago and down from $92.1 million (65.3%) in Q2 2025.
Net income attributable to Vicor was $28.3 million, or $0.63 per diluted share, compared to $11.6 million, or $0.26 per diluted share, in Q3 2024 and $41.2 million, or $0.91 per diluted share, in Q2 2025.
Cash flow from operations was $38.5 million in Q3 2025; cash and cash equivalents rose 7.0% sequentially to approximately $362.4 million as of September 30, 2025.
Backlog totaled $152.8 million at the end of Q3 2025, up 1.5% year-over-year and down 1.5% sequentially.
2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits
Vicor reports Q2 2025 revenue of $141.0M, up 64.3% YoY, net income $41.2M
Total product revenue, royalty revenue, and patent litigation settlement for Q2 2025 was $141.0 million, a 64.3% increase from $85.9 million in Q2 2024 and a 50.1% sequential increase from $94.0 million in Q1 2025.
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Gross margin for Q2 2025 was $92.1 million, or 65.3% of revenue, compared to $42.8 million (49.8%) in Q2 2024 and $44.4 million (47.2%) in Q1 2025.
Net income for Q2 2025 was $41.2 million, or $0.91 per diluted share, versus a net loss of ($1.2) million, or ($0.03) per diluted share, in Q2 2024 and net income of $2.5 million, or $0.06 per diluted share, in Q1 2025.
Cash flow from operations for Q2 2025 was $65.2 million, and cash and cash equivalents were approximately $338.5 million as of June 30, 2025.
Backlog at the end of Q2 2025 was $155.2 million, a 0.9% increase year-over-year and a 9.6% sequential decrease from Q1 2025.
2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits