Vicor

Q3 FY2026 EarningsQ3 FY26 results significantly beat consensus across all major financial metrics. Total net revenue reached $197.1M (+5.4% vs. consensus), driven by a 112% YoY surge in Advanced Products fueled by new licensing agreements and AI-related demand. Gross margin outperformed at 68.3% (vs. 63.2% expected), while diluted EPS of $1.33 tripled YoY, benefiting from higher royalty income and production efficiencies. Operating cash flow of $80.4M year-to-date and a new $150M share repurchase authorization underscore strong capital allocation potential despite ongoing legal activities.