Abstract

Vicor Corporation will announce quarterly results on February 19, 2026 Post Market; this preview outlines revenue, margins, earnings trajectory, and consensus expectations for the upcoming report and summarizes notable viewpoints from recent institutional commentary.

Market Forecast

Based on forward-looking indicators compiled from the company’s prior disclosures and market tracking, Vicor Corporation’s current-quarter revenue is projected at $107.78 million with year-over-year growth of 18.39%, while the company’s financial forecast points to estimated EBIT of $19.40 million with a 135.15% year-over-year increase and estimated EPS of $0.44 with a 113.17% year-over-year increase. Forecast detail on gross profit margin and net profit margin for the quarter is not available; adjusted EPS is expected to track the company’s EPS estimate. Management’s main-business outlook emphasizes continued contributions from Advanced Products and Brick Products, with mix skew favoring higher-value advanced modules and royalties. The most promising area is Advanced Products, which contributed $65.51 million last quarter and is expected to lead growth on a year-over-year basis.

Last Quarter Review

Vicor Corporation’s previous quarter delivered revenue of $110.42 million, gross profit margin of 57.52%, GAAP net profit attributable to shareholders of $28.29 million, a net profit margin of 25.62%, and adjusted EPS of $0.63, with year-over-year revenue growth of 18.52%. A notable highlight was the strong operating leverage, with EBIT of $20.91 million versus muted estimates, reflecting a significant expansion relative to the prior year. Main business performance was led by Advanced Products at $65.51 million and Brick Products at $44.92 million; the revenue mix favored higher-value modules likely linked to data center and AI-power applications, though explicit YoY by segment was not disclosed.

Current Quarter Outlook (with major analytical insights)

Core revenue engine: Advanced Products mix and margin translation

Advanced Products, including royalties, represented $65.51 million last quarter and remains the central driver of Vicor Corporation’s near-term performance. The forecast revenue of $107.78 million implies mix resilience in higher-value advanced modules, which typically carry superior gross margin potential, supporting EBIT and EPS acceleration in the company’s latest projections. With estimated EBIT of $19.40 million and EPS of $0.44, operating leverage should remain a prevailing theme provided mix and yields hold, reinforcing the margin narrative even without explicit gross-margin guidance. Management’s prior-quarter gross profit margin of 57.52% provides a high bar; incremental margin should be sensitive to utilization and product mix, so any commentary on advanced module ramps, packaging yields, and end-market demand elasticity will be key for validating the profile implied by the forecasts.

Most promising segment: Advanced Products adoption across performance power applications

Within the reported business split, Advanced Products at $65.51 million has the best visibility for growth, supported by adoption in performance power architectures and complex, high-current point-of-load environments, which historically skew toward rich content per platform. The forecast indicates a year-over-year revenue climb of 18.39%, which, if realized, will likely be anchored by these higher-content sockets, enabling revenue scale without sacrificing contribution margin. Execution risk centers on sustaining production throughput and managing component availability, but the forecasted EPS growth of 113.17% year over year suggests the company anticipates benefits from both operating leverage and ongoing mix improvements.

Share-price swing factors: Revenue conversion, margins, and execution versus elevated comparisons

The stock’s reaction this quarter will hinge on three items: delivery against the $107.78 million revenue estimate, evidence that gross profit margin can remain near the 57% baseline despite potential production mix shifts, and confirmation that operating expense cadence keeps EBIT moving toward the $19.40 million target. Upside could materialize if revenue mix tilts further to Advanced Products and yields reduce conversion costs, allowing net margin progression even if revenue only meets estimates. Conversely, downside risks include any sign of volume slippage in core orders or incremental costs associated with new product introductions that could dilute near-term margins and pressure the EPS trajectory versus the $0.44 target.

Analyst Opinions

Analyst commentary over the last several months tilts constructive, with a majority projecting sequential resilience and year-over-year acceleration into the current print as Advanced Products scale supports margin carry-through; the proportion of bullish to bearish views is assessed as favorable to the bullish camp. Recent notes from widely followed sell-side voices emphasized near-term revenue growth tracking toward the $107–$110 million band and a pathway to double-digit EBIT growth, which align broadly with the company’s financial forecast of $19.40 million EBIT and $0.44 EPS. Bullish arguments highlight expanding content in performance power deployments and a supportive margin structure evidenced by last quarter’s 57.52% gross margin, while bears focus on potential supply chain tightness and variability in high-mix manufacturing that could temper near-term upside. In our synthesis, the bullish stance dominates because estimated year-over-year growth rates for revenue, EBIT, and EPS point to accelerating fundamentals, and prior-quarter execution delivered a meaningful beat against estimates—factors that enhance confidence in the forthcoming print.