$VICR
VICOR CORP
CIK:0000751978|SEC Filings
Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands |
3 Months Ended | 6 Months Ended | ||||
|---|---|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
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| Total net revenues | $ 143,352 | $ 96,046 | $ 256,321 | $ 190,014 | ||
| Patent litigation settlement | 0 | 45,000 | 0 | 45,000 | ||
| Total net revenues and patent litigation settlement | 143,352 | 141,046 | 256,321 | 235,014 | ||
| Cost of product revenues | 60,232 | 48,918 | 110,835 | 98,521 | ||
| Gross margin | 83,120 | 92,128 | 145,486 | 136,493 | ||
| Operating expenses: | ||||||
| Selling, general and administrative | 27,601 | 27,952 | 50,793 | 53,089 | ||
| Research and development | 20,641 | 18,791 | 42,931 | 38,168 | ||
| Total operating expenses | 48,242 | 46,743 | 93,724 | 91,257 | ||
| Income from operations | 34,878 | 45,385 | 51,762 | 45,236 | ||
| Other income (expense), net: | ||||||
| Total unrealized gains (losses) on available-for-sale securities, net | 17 | (80) | 63 | (57) | ||
| Less: portion of (gains) losses recognized in other comprehensive income | (17) | 80 | (63) | 57 | ||
| Net credit gains recognized in earnings | 0 | 0 | 0 | 0 | ||
| Other income (expense), net | 4,045 | 3,657 | 7,564 | 6,791 | ||
| Total other income (expense), net | 4,045 | 3,657 | 7,564 | 6,791 | ||
| Income before income taxes | 38,923 | 49,042 | 59,326 | 52,027 | ||
| Less: (Benefit) provision for income taxes | (10,863) | 7,842 | (11,136) | 8,266 | ||
| Consolidated net income | 49,786 | 41,200 | 70,462 | 43,761 | ||
| Less: Net income attributable to noncontrolling interest | 14 | 8 | 26 | 30 | ||
| Net income attributable to Vicor Corporation | $ 49,772 | $ 41,192 | $ 70,436 | $ 43,731 | ||
| Net income per common share attributable to Vicor Corporation: | ||||||
| Basic | $ 1.08 | $ 0.92 | $ 1.54 | $ 0.97 | ||
| Diluted | $ 1.04 | $ 0.91 | $ 1.48 | $ 0.97 | ||
| Shares used to compute net income per common share attributable to Vicor Corporation: | ||||||
| Basic | [1] | 45,936 | 45,007 | 45,703 | 45,112 | |
| Diluted | 47,708 | 45,077 | 47,481 | 45,286 | ||
| Product Revenue [Member] | ||||||
| Total net revenues | $ 112,926 | $ 85,693 | $ 210,930 | $ 168,899 | ||
| Royalty Revenue [Member] | ||||||
| Total net revenues | $ 30,426 | $ 10,353 | $ 45,391 | $ 21,115 | ||
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