Vicor Q4 product revenue misses estimates

Vicor

19/02/2026 21:21

Corrects headline and first bullet of Overview to say Q4 revenue, not product revenue, slightly missed estimates, and corrects revenue figure to $107.3 mln from $92.70 in Key Details table

Overview

Power components maker's Q4 revenue slightly missed analysts' expectations

Net income for Q4 rose significantly due to a $27.3 mln tax benefit

Company's cash and cash equivalents rose 11.2% sequentially to $402.8 mln

Outlook

Vicor expects record product revenues in 2026 due to rising demand in key sectors

Company anticipates record IP licensing revenues in 2026 amid trade investigations

Vicor plans to expand capacity with a second fab and explore alternate sourcing

Result Drivers

PRODUCT REVENUE GROWTH - Product revenue increased 15.3% yr/yr, driven by demand across various applications

ROYALTY REVENUE DECLINE - Sequential decline in royalty revenue due to a catch-up amount included in Q3 results

TAX BENEFIT IMPACT - Net income boosted by $27.3 mln tax benefit from recognition of deferred tax assets

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Slight Miss*
$107.3 mln
$107.78 mln (4 Analysts)
Q4 EPS
$1.01
Q4 Net Income
$46.50 mln
Q4 Cash Flow From Operations
$15.70 mln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.
Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the electrical components & equipment peer group is "buy"

Wall Street's median 12-month price target for Vicor Corp is $177.50, about 14.1% above its February 18 closing price of $155.61

The stock recently traded at 82 times the next 12-month earnings vs. a P/E of 54 three months ago

Press Release: ID:nGNX8HLyZx

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)