v3.26.3
Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Total net revenues $ 197,114 $ 110,423 $ 453,435 $ 300,437
Patent litigation settlement 0 0 0 45,000
Total net revenues and patent litigation settlement 197,114 110,423 453,435 345,437
Cost of product revenues 62,434 46,910 173,269 145,431
Gross margin 134,680 63,513 280,166 200,006
Operating expenses:        
Selling, general and administrative 38,563 22,747 89,356 75,836
Research and development 23,969 19,859 66,900 58,027
Total operating expenses 62,532 42,606 156,256 133,863
Income from operations 72,148 20,907 123,910 66,143
Other income (expense), net:        
Total realized and unrealized gains (losses) on available-for-sale securities, net 475 (178) 538 (235)
Less: portion of (gains) losses recognized in other comprehensive income (449) 178 (512) 235
Net credit gains recognized in earnings 26 0 26 0
Other income (expense), net 6,559 2,407 14,123 9,198
Total other income (expense), net 6,585 2,407 14,149 9,198
Income before income taxes 78,733 23,314 138,059 75,341
Less: Provision (benefit) for income taxes 15,401 (4,988) 4,265 3,278
Consolidated net income 63,332 28,302 133,794 72,063
Less: Net income attributable to noncontrolling interest 11 10 37 40
Net income attributable to Vicor Corporation $ 63,321 $ 28,292 $ 133,757 $ 72,023
Net income per common share attributable to Vicor Corporation:        
Basic $ 1.37 $ 0.63 $ 2.92 $ 1.6
Diluted $ 1.33 $ 0.63 $ 2.81 $ 1.59
Shares used to compute net income per common share attributable to Vicor Corporation:        
Basic [1] 46,129 44,734 45,845 44,986
Diluted 47,609 44,930 47,524 45,167
Product Revenue [Member]        
Total net revenues $ 130,501 $ 88,698 $ 341,431 $ 257,597
Royalty Revenue [Member]        
Total net revenues $ 66,613 $ 21,725 $ 112,004 $ 42,840
[1] Denominator represents the weighted average number of shares of Common Stock and Class B Common Stock outstanding.