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 · 2026-07-29 vs the prior 10-Q · 2026-04-30
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +55 | −25 | ~8 | 13 |
| Market risk (Item 3) | Text added/removed | 0 | 0 | ~2 | 0 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 1 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | Text added/removed | 0 | 0 | ~2 | 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 · 2026-07-29
Gross margin for the second quarter of 2026 increased $20,754,000, or 33.3% to $83,120,000 from $62,366,000 for the first quarter of 2026. Gross margin, as a percentage of net revenues and patent litigation settlement, increased to 58.0% for the second quarter of 2026 from 55.2% for the first quarte…
Operating expenses for the second quarter of 2026 increased $2,760,000, or 6.1%, to $48,242,000 from $45,482,000 for the first quarter of 2026, due to an increase in selling, general and administrative expenses of $4,409,000, offset by a decrease in research and development expenses of $1,649,000.
We reported net income for the second quarter of 2026 of $49,772,000, or $1.04 per diluted share, compared to net income of $20,664,000, or $0.44 per diluted share, for the first quarter of 2026. Net income in the first and second quarters of 2026 include tax benefits due to excess deductions relate…
For the second quarter of 2026, depreciation and amortization totaled $5,423,000 and capital additions totaled $11,173,000 as compared to depreciation and amortization of $5,337,000 and capital additions of $12,387,000 for the first quarter of 2026.
Three Months Ended June 30, 2026 Compared to Three Months Ended June 30, 2025
Text removed vs the prior filing · source: 10-Q · 2026-04-30
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…
For the first quarter of 2026, depreciation and amortization totaled $5,337,000 and capital additions totaled $12,387,000 as compared to depreciation and amortization of $5,171,000 and capital additions of $5,543,000 for the fourth quarter of 2025.
Three Months Ended March 31, 2026 Compared to Three Months Ended March 31, 2025
Total net revenues for the first quarter of 2026 were $112,969,000, an increase of $19,001,000, or 20.2%, as compared to $93,968,000 for the first quarter of 2025. Net revenues, by product line, for the three months ended March 31, 2026 and 2025 were as follows (dollars in thousands):
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