Vicor Corporation reported second quarter 2026 financial results with product and royalty revenues of $143.4 million, a 26.9% sequential increase. Net income for the quarter was $49.8 million, or $1.04 per diluted share, compared to $0.44 per diluted share in the first quarter. Backlog grew 26% sequentially to $380 million and 145% year-over-year from $155 million. Cash and cash equivalents increased to $453.6 million as of June 30, 2026. The company is expanding capacity with a second fab for high current density 2nd Gen VPD ChiPs to meet rising demand in AI and high-performance compute. Vicor designs, develops, manufactures, and markets modular power components and complete power systems.