VICR — what changed in the latest 10-Q
A section-by-section comparison of VICR's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-04-30 vs the prior 10-Q · 2025-10-29
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +21 | −49 | ~17 | 8 |
| Market risk (Item 3) | Text added/removed | 0 | 0 | ~1 | 1 |
| Controls & procedures | Text added/removed | +1 | −1 | ~1 | 1 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | Text added/removed | +1 | 0 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Legal proceedings
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-04-30
Summary of First Quarter 2026 Financial Performance Compared to Fourth Quarter 2025 Financial Performance
Gross margin for the first quarter of 2026 increased $2,943,000, or 5.0% to $62,366,000 from $59,423,000 for the fourth quarter of 2025. Gross margin, as a percentage of total net revenues, was 55.2% for the first quarter of 2026 consistent with the fourth quarter of 2025 gross margin of 55.4%. The …
We reported net income for the first quarter of 2026 of $20,664,000, or $0.44 per diluted share, compared to net income of $46,533,000, or $1.01 per diluted share, for the fourth quarter of 2025. Net income in the fourth quarter of 2025 included $27,300,000 of tax benefit due to the partial recognit…
Gross margin for the first quarter of 2026 increased $18,001,000, or 40.6%, to $62,366,000, from $44,365,000 for the first quarter of 2025. Gross margin, as a percentage of total net revenues, increased to 55.2% for the first quarter of 2026, compared to 47.2% for the first quarter of 2025. The incr…
Decrease primarily attributable to a decrease in the use of consultants.
Text removed vs the prior filing · source: 10-Q · 2025-10-29
Summary of Third Quarter 2025 Financial Performance Compared to Second Quarter 2025 Financial Performance
Gross margin decreased to $63,513,000 for the third quarter of 2025 from $92,128,000 for the second quarter of 2025, with gross margin, as a percentage of total net revenues and patent litigation settlement, decreasing to 57.5% for the third quarter of 2025 from 65.3% for the second quarter of 2025.…
We reported net income for the third quarter of 2025 of $28,292,000, or $0.63 per diluted share, compared to net income of $41,192,000, or $0.91 per diluted share, for the second quarter of 2025.
Gross margin for the third quarter of 2025 increased $17,769,000, or 38.8%, to $63,513,000, from $45,744,000 for the third quarter of 2024. Gross margin, as a percentage of total net revenues and patent litigation settlement, increased to 57.5% for the third quarter of 2025, compared to 49.1% for th…
Increase attributable to net additions of furniture and fixtures and capitalization of building improvements.
Controls & procedures
Text added vs the prior filing · source: 10-Q · 2026-04-30
There was no change in our internal control over financial reporting that occurred during the fiscal quarter ended March 31, 2026, that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.
Text removed vs the prior filing · source: 10-Q · 2025-10-29
During the fiscal quarter ended March 31, 2025, the Company implemented a new enterprise resource planning ("ERP") system to replace its operational and financial systems. The Company completed significant pre-implementation testing prior to the implementation and post-implementation testing and mon…
Other information
Text added vs the prior filing · source: 10-Q · 2026-04-30
On February 26, 2026, Patrizio Vinciarelli, Chairman of the Board, President and Chief Executive Officer of the Company, adopted a Rule 10b5-1 trading arrangement providing for the sale, pursuant to the terms of the arrangement, of an aggregate of up to 1,000,000 shares of the Company’s common stock…
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice