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VICR — Vicor News Story

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Vicor Q2 revenue rises 64.3%, beats analyst expectations

Overview

Vicor Q2 revenue rises 64.3% yr/yr, beating analyst expectations, per LSEG data

Net income for Q2 reaches $41.2 mln, marking a turnaround from last year's loss

Gross margin improves to 65.3%, reflecting increased profitability

Outlook

Vicor expects increased product revenues from high-performance ChiPs for AI

Company anticipates higher utilization of first ChiP fab

Vicor pursuing actions to limit importation of infringing systems

Company sees future revenues reflecting patented innovations

Result Drivers

PATENT SETTLEMENT - $45 mln from patent litigation settlement contributed to revenue increase

LITIGATION SUCCESS - ITC actions resulted in cease-and-desist orders, aiding revenue growth

Key Details

MetricBeat/MissActualConsensus Estimate
Q2 RevenueBeat$141 mln$96.40 mln (3 Analysts)
Q2 EPS$0.91
Q2 Net Income$41.20 mln
Q2 Gross Margin65.3%
Q2 Capex$6.20 mln
Q2 Cash Flow From Operations$65.20 mln
Analyst Coverage The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell" The average consensus recommendation for the electrical components & equipment peer group is "buy." Wall Street's median 12-month price target for Vicor Corp is $50.00, about 4.4% above its July 21 closing price of $47.80 The stock recently traded at 29 times the next 12-month earnings vs. a P/E of 29 three months ago Press Release: ID:nGNXGy0wv (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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