Vicor reported FY 2025 total net revenues of USD 407.7 million, up 13.5%, driven by Advanced Products including Royalty Revenue of USD 248.6 million (+26.0%), while Brick Products net revenues were USD 159.1 million (-1.6%). FY 2025 net income was USD 118.6 million, compared with USD 6.1 million a year earlier, and gross margin was USD 259.4 million (+41.0%) with gross margin at 57.3% (from 51.2%). Results included a USD 45.0 million patent litigation settlement payment received in Q2 2025; Vicor also cited higher sales volume and improved sales mix including royalty revenue, partly offset by production inefficiencies including higher freight-in and tariff spending of USD 3.9 million (net of duty drawback recoveries). For FY 2025, operating expenses were USD 177.6 million (-4.2%); litigation-contingency expense related to SynQor was no expense in 2025 versus USD 19.5 million in 2024. Vicor ended FY 2025 with cash and cash equivalents of USD 402.8 million, backlog of USD 176.9 million, and inventories of USD 91.3 million (-13.9%); export sales were 50.8% of net revenues. The company said its Advanced Products business remains concentrated in data center and hyperscaler demand, including AI-related high-performance processor power delivery, and noted ongoing supply chain and customer forecast volatility; it also reported USD 35.2 million of common stock repurchases in 2025 and USD 64.3 million remaining under its repurchase authorization as of year-end.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Vicor Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-085102), on March 02, 2026, and is solely responsible for the information contained therein.
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