v3.26.3
Net Income per Share
 9 Months Ended
Sep. 30, 2026
Earnings Per Share [Abstract]  
Net Income per Share

10. Net Income per Share

The following table sets forth the computation of basic and diluted net income per share (in thousands, except per share amounts):

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

September 30,

 

 

September 30,

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to Vicor Corporation

 

$

63,321

 

 

$

28,292

 

 

$

133,757

 

 

$

72,023

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Denominator for basic net income per share – weighted
   average shares (1)

 

 

46,129

 

 

 

44,734

 

 

 

45,845

 

 

 

44,986

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

Employee stock options (2)

 

 

1,480

 

 

 

196

 

 

 

1,679

 

 

 

181

 

Denominator for diluted net income per share – adjusted
   weighted-average shares and assumed conversions

 

 

47,609

 

 

 

44,930

 

 

 

47,524

 

 

 

45,167

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic net income per share

 

$

1.37

 

 

$

0.63

 

 

$

2.92

 

 

$

1.60

 

Diluted net income per share

 

$

1.33

 

 

$

0.63

 

 

$

2.81

 

 

$

1.59

 

 

(1)
Denominator represents the weighted average number of shares of Common Stock and Class B Common Stock outstanding.

 

(2)
Options to purchase 184,592 and 103,609 shares of Common Stock for the three and nine months ended September 30, 2026, respectively, were not included in the calculation of net income per share as the effect would have been antidilutive. Options to purchase 1,733,948 and 1,500,723 shares of Common Stock for each of the three and nine months ended September 30, 2025, respectively, were not included in the calculation of net income per share as the effect would have been antidilutive.