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
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$141 mln
$96.40 mln (3 Analysts)
Q2 EPS
$0.91
Q2 Net Income
$41.20 mln
Q2 Gross Margin
65.3%
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.)