VICR · Vicor Corporation Q2 FY2026 earnings call record财报电话会记录

“Except for historical information contained in this call, the matters discussed on this call, including any statements regarding current and planned products, current and potential customers, potential market opportunities, expected events and announcements, and our capacity expansion, as well as management's expectations for sales growth, spending, and profitability, are forward-looking statements involving risk and uncertainties.”

“The risks and uncertainties we face are discussed in Item 1A of our 2025 Form 10-K, which we filed with the SEC on March 2, 2026.”

“Advanced products revenue increased 45% sequentially to $94.2 million, and brick products revenue increased 2.4% sequentially to $49.2 million.”

“For Q2, advanced products share of total revenue increased to 65.7%, compared to 57.5% for the first quarter of 2026, with brick product share correspondingly decreasing to 34.3% of total revenue.”

“Turning to gross margin, we recorded a consolidated gross profit margin of 58%, a 280 basis point increase from the prior quarter.”

“The company's tax provision and effective tax rate for the quarter ended June 30, 2026, was positively impacted by stock options exercised in the quarter.”

“As we bring on incremental capacity, we expect a nearly 10% increase in Q3 revenue and over $600 million in 2026 revenue.”

“Our financial objectives of $2.5 billion in revenues at 70% gross margins supersede the $1 billion and 65% gross margin targets set in 2023, which we are on our way to achieving.”

“As discussed at the ASM, our power module business is focused on a set of 100 customers across four markets and four regions globally.”

“As discussed at the annual meeting, we will engage with selected customers with development systems and tools starting this quarter.”

“As stated at our ASM a few weeks ago, we are very focused on the successful execution of our business strategy, which leverages our vertically integrated chip fab in Andover as the first of a multiplicity of foundries supporting our new financial targets of $2.5 billion in revenues with 70% gross margins and 40% operating income.”

“Do you still feel like you're on track to secure ramp designs, with either a hyperscaler or other OEM customers for a second gen VPD over, say, the next 12 to 18 months?”