Net Income per Share (Tables)

9 Months Ended

Sep. 30, 2026

Computation of Basic and Diluted 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.