Vicor (VICR) Q4 2025 Earnings Call Transcript | The Motley Fool
The Motley Fool
by newsfeedback@fool.com (Motley Fool Transcribing)February 19, 2026
AI-Generated Deep Dive Summary
Vicor (VICR) reported strong financial results in its Q4 2025 earnings call, highlighted by a $92.7 million product revenue, marking a 4.5% sequential increase and a 15.3% year-over-year growth. The company also noted a significant $45 million patent litigation settlement, which contributed to a substantial rise in total revenue to $452.7 million, up 26.1% from the prior year. Advanced product revenue reached $248.6 million, reflecting a 26.6% annual increase, while exports accounted for nearly half of total revenue, underscoring Vicor's growing global presence.
The company's gross margin stood at 55.4%, down slightly from the previous quarter but up 6.1% year-over-year. Operating income improved significantly, reaching $15.7 million in Q4 and $81.8 million for the full year, compared to a prior-year operating loss. The effective tax rate was notably high at -25.4%, primarily due to deferred tax asset recognition. Net income for the quarter was $46.5 million, with diluted earnings per share of $1.01.
Vicor's strong performance continued into 2026, with a book-to-bill ratio well above one and a backlog rising 15.8% to $176.9 million. The company also
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Originally published on The Motley Fool on 2/19/2026