Vicor forecasts nearly $570M 2026 revenue as 1-year backlog reaches $300.6M
View original at seekingalpha.com“"Brick Products revenue" of "$48 million" (Corporate VP, CFO, Treasurer, Corporate Secretary & Director James Schmidt).”
What we drew from this source
The claims Via News extracted from this document. We point to the source; we don't replace it.
It could be that we do get some new licensing deals ahead of the second ITC case timeframe
60% confidenceWe are discussing an open source for our second-gen VPD technology
60% confidenceVicor recorded product and royalty revenue for the first quarter of $113 million
60% confidenceFederal Street capacity could be as much as 50% above what have been planned
60% confidenceBrick Products revenue was $48 million in Q1 2026
60% confidenceGAAP diluted income per share was $0.44
60% confidenceNet income for Q1 totaled $20.7 million
60% confidenceAdvanced Products revenue was $64.9 million in Q1 2026
60% confidenceRoyalties would increase somewhat based on existing licensing agreement while our working assumption for guidance purposes is that we're not going to have any new licensing deals until the second ITC case advances
60% confidenceConsolidated gross profit margin was 55.2%
60% confidenceQ1 book-to-bill came in above 2
60% confidenceWe believe the initiative to go directly from 800-volt to 6-volt is frankly ill conceived
60% confidenceWe see ourselves being essentially sold out in terms of capacity for the foreseeable future
60% confidenceFurther advances in AI performance are about to be enabled by Vicor's second-generation VPD solution with 3 amps per square millimeter current density and a current multiplication factor of up to 40 in the 1.5 millimeter thin package
60% confidenceVPD is where the core challenge technically resides
60% confidenceBacklog is always a 12-month window
60% confidenceOur lead computing customer is continuing a steep production ramp of its wafer scale engine
60% confidenceTotal operating expense increased 4% sequentially to $45.5 million and included higher legal expenses related to enforcement of our IP
60% confidenceQ1 tax rate reflected a onetime discrete item from option exercises and going forward planning can be more in the line with a 20% kind of a rate
60% confidence1-year backlog increased 70% from the prior quarter, closing at $300.6 million
60% confidenceThe $570 million guidance includes royalties
60% confidenceCash flow used for operating activities totaled $3.9 million for the quarter, which was net of a litigation settlement payment of $28.6 million
60% confidenceWe expect to remain capacity constrained for a substantial time frame
60% confidenceThe $300.6M backlog rolls pretty much over the next 12 months
60% confidenceWe expect Q2 revenues of nearly $126 million and 2026 revenues of nearly $570 million
60% confidenceGen 4 to Gen 5/VPD transition will be enabled in the second half of this year and we expect a ramp to begin before the end of this year for the lead customer
60% confidenceThe outlook assumes we will not enter into new licensing agreements until our second ITC case gets to its final determination in 2027
60% confidenceVicor bought a second 3Di line for Q3, Q4 installation
60% confidenceFederal Street capacity is expanding from $1 billion to $1.5 billion
60% confidenceVicor is focusing on existing buildings as opposed to piece of land to move faster
60% confidence