StockNews.AI
VICR
StockNews.AI
28 days

Vicor Corporation Reports Results for the Second Quarter Ended June 30, 2025

1. Vicor's Q2 revenue rose 64.3% YoY to $141 million. 2. Gross margin improved to 65.3%, up from 49.8% year ago. 3. Net income increased to $41.2 million, reversing previous losses. 4. Cash flow from operations surged to $65.2 million YoY. 5. Backlog decreased 9.6% sequentially, signaling potential future challenges.

Earnings
+16.55%Current Return
VS
+0.86%S&P 500
$45.207/22 04:12 PM EDTEvent Start
$52.6807/23 10:41 PM EDTLatest Updated
12m saved
Insight
Article

FAQ

Why Very Bullish?

The significant rise in revenue and profitability indicates a strong demand for Vicor's products, reflecting positively on future growth prospects. Historical trends show similar performance spikes lead to favorable stock price movements.

How important is it?

The article details robust earnings, potentially enhancing investor confidence and stock valuation, thus impacting future pricing effectively.

Why Short Term?

The immediate investor sentiment will likely be influenced by the recent earnings results, which typically drive stock prices quickly. Past examples show that earnings surprises can impact stock prices significantly in the short term.

Related Companies

AAPLNVDAINTCTSLA
July 22, 2025 16:05 ET  | Source: Vicor Corporation ANDOVER, Mass., July 22, 2025 (GLOBE NEWSWIRE) -- Vicor Corporation (NASDAQ: VICR) today reported financial results for the second quarter ended June 30, 2025. These results will be discussed later today at 5:00 p.m. Eastern Time, during management’s quarterly investor conference call. The details for the call are below. Product revenues, licensing income and a patent litigation settlement for the second quarter ended June 30, 2025 totaled $141.0 million, a 64.3% increase from $85.9 million for the corresponding period a year ago, and a 50.1% sequential increase from $94.0 million in the first quarter of 2025. Gross margin increased to $92.1 million for the second quarter of 2025, compared to $42.8 million for the corresponding period a year ago, and increased sequentially from $44.4 million for the first quarter of 2025. Gross margin, as a percentage of revenue, increased to 65.3% for the second quarter of 2025, compared to 49.8% for the corresponding period a year ago, and increased from 47.2% for the first quarter of 2025. Operating expenses increased to $46.7 million for the second quarter of 2025, compared to $42.6 million for the corresponding period a year ago, and increased sequentially from $44.5 million for the first quarter of 2025. Net income for the second quarter was $41.2 million, or $0.91 per diluted share, compared to a net loss of ($1.2) million or ($0.03) per diluted share, for the corresponding period a year ago and net income of $2.5 million, or $0.06 per diluted share, for the first quarter of 2025. Cash flow from operations totaled $65.2 million for the second quarter, compared to cash flow from operations of $15.6 million for the corresponding period a year ago, and cash flow from operations of $20.1 million in the first quarter of 2025. Capital expenditures for the second quarter totaled $6.2 million, compared to $6.1 million for the corresponding period a year ago and $4.6 million for the first quarter of 2025. Cash and cash equivalents as of June 30, 2025 increased 14.3% sequentially to approximately $338.5 million compared to approximately $296.1 million as of March 31, 2025. Backlog for the second quarter ended June 30, 2025 totaled $155.2 million, a 0.9% increase from $153.8 million for the corresponding period a year ago, and 9.6% sequential decrease from $171.7 million at the end of the first quarter of 2025. Commenting on second quarter performance, Chief Executive Officer Dr. Patrizio Vinciarelli stated: “Having brought to fruition our first ITC action with cease-and-desist and exclusion orders, we are pursuing additional actions to curtail importation into the US of infringing power and computing systems sourced from contract manufacturers by unlicensed OEMs and Hyper-scalers.” “As importantly, we are bringing to fruition high performance ChiPs and 2nd gen VPD for AI applications, which should increase product revenues and utilization of our first ChiP fab. Total revenues and margins will thus reflect many patented innovations in the state of the art of high density power systems.” For more information on Vicor and its products, please visit the Company’s website at www.vicorpower.com. Earnings Conference Call Vicor will be holding its investor conference call today, Tuesday, July 22, 2025 at 5:00 p.m. Eastern Time. Vicor encourages investors and analysts who intend to ask questions via the conference call to register with Notified, the service provider hosting the conference call. Those registering on Notified’s website will receive dial-in info and a unique PIN to join the call as well as an email confirmation with the details. Registration may be completed at any time prior to 5:00 p.m. on July 22, 2025. For those parties interested in listen-only mode, the conference call will be webcast via a link that will be posted on the Investor Relations page of Vicor's website prior to the conference call. Please access the website at least 15 minutes prior to the conference call to register and, if necessary, download and install any required software. For those who cannot participate in the live conference call, a webcast replay of the conference call will also be available on the Investor Relations page of Vicor's website. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Any statement in this press release that is not a statement of historical fact is a forward-looking statement, and, the words “believes,” “expects,” “anticipates,” “intends,” “estimates,” “plans,” “assumes,” “may,” “will,” “would,” “should,” “continue,” “prospective,” “project,” and other similar expressions identify forward-looking statements. Forward-looking statements also include statements regarding bookings, shipments, revenue, profitability, targeted markets, increase in manufacturing capacity and utilization thereof, future products and capital resources. These statements are based upon management’s current expectations and estimates as to the prospective events and circumstances that may or may not be within the company’s control and as to which there can be no assurance. Actual results could differ materially from those projected in the forward-looking statements as a result of various factors, including those economic, business, operational and financial considerations set forth in Vicor’s Annual Report on Form 10-K for the year ended December 31, 2024, under Part I, Item I — “Business,” under Part I, Item 1A — “Risk Factors,” under Part I, Item 3 — “Legal Proceedings,” and under Part II, Item 7 — “Management’s Discussion and Analysis of Financial Condition and Results of Operations.” The risk factors set forth in the Annual Report on Form 10-K may not be exhaustive. Therefore, the information contained in the Annual Report on Form 10-K should be read together with other reports and documents filed with the Securities and Exchange Commission from time to time, including Forms 10-Q, 8-K and 10-K, which may supplement, modify, supersede or update those risk factors. Vicor does not undertake any obligation to update any forward-looking statements as a result of future events or developments. Vicor Corporation designs, develops, manufactures, and markets modular power components and complete power systems based upon a portfolio of patented technologies. Headquartered in Andover, Massachusetts, Vicor sells its products to the power systems market, including enterprise and high performance computing, industrial equipment and automation, telecommunications and network infrastructure, vehicles and transportation, and aerospace and defense electronics.   For further information contact:         James F. Schmidt, Chief Financial OfficerOffice: (978) 470-2900Email: invrel@vicorpower.com VICOR CORPORATION               CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS    (Thousands except for per share amounts)                QUARTER ENDED YEAR ENDED (Unaudited) (Unaudited)         JUN 30, JUN 30, JUN 30, JUN 30, 2025 2024 2025 2024                Product revenue$ 85,693 $ 76,583  $ 168,899 $ 152,275 Royalty revenue 10,353  9,271   21,115  17,451 Patent litigation settlement  45,000                      -   45,000                      - Total product revenue, royalty revenue and patent litigation settlement 141,046  85,854   235,014  169,726 Cost of product revenues 48,918  43,083   98,521  81,832          Gross margin 92,128  42,771   136,493  87,894         Operating expenses:                 Selling, general and administrative 27,952  23,318   53,089  49,317           Research and development 18,791  16,939   38,168  34,978           Litigation-contingency expense                     -  2,300                       -  19,500              Total operating expenses 46,743  42,557   91,257  103,795         Income (loss) from operations 45,385  214   45,236  (15,901)        Other income (expense), net 3,657  2,807   6,791  5,531         Income (loss) before income taxes 49,042  3,021   52,027  (10,370)        Less: Provision for income taxes 7,842  4,216   8,266  5,287         Consolidated net income (loss) 41,200  (1,195)  43,761  (15,657)        Less: Net income attributable to          noncontrolling interest 8  1   30  12         Net income (loss) attributable to         Vicor Corporation$41,192 ($1,196) $43,731 ($15,669)                Net income (loss) per share attributable         to Vicor Corporation:                  Basic$0.92 $(0.03) $0.97 $(0.35)           Diluted$0.91 $(0.03) $0.97 $(0.35)        Shares outstanding:                  Basic 45,007  44,855   45,112  44,686            Diluted 45,077  44,855   45,286  44,686          VICOR CORPORATION       CONDENSED CONSOLIDATED BALANCE SHEET   (Thousands)            JUN 30, DEC 31,  2025   2024  (Unaudited) (Unaudited)Assets       Current assets:           Cash and cash equivalents$ 338,541  $ 277,273         Accounts receivable, net 55,085   52,948         Inventories 95,493   106,032         Other current assets 25,662   26,781                   Total current assets 514,781   463,034     Long-term deferred tax assets 281   261 Long-term investment, net 2,584   2,641 Property, plant and equipment, net  154,285   152,705 Other assets 21,578   22,477                       Total assets$ 693,509  $ 641,118     Liabilities and Equity       Current liabilities:           Accounts payable$ 16,805  $ 8,737         Accrued compensation and benefits 13,351   10,852         Accrued expenses 3,351   6,589         Accrued litigation 27,563   26,888         Sales allowances 2,639   1,667         Short-term lease liabilities 1,699   1,716         Income taxes payable 2,926   59         Short-term deferred revenue and customer prepayments  5,506   5,312                      Total current liabilities 73,840   61,820     Long-term income taxes payable 4,809   3,387 Long-term lease liabilities  5,994   5,620                  Total liabilities 84,643   70,827     Equity:     Vicor Corporation stockholders' equity:           Capital stock 420,385   408,187         Retained earnings 346,534   302,803         Accumulated other comprehensive loss (1,291)  (1,495)        Treasury stock (157,033)  (139,424)             Total Vicor Corporation stockholders' equity 608,595   570,071   Noncontrolling interest 271   220         Total equity 608,866   570,291                       Total liabilities and equity$ 693,509  $ 641,118     

Related News