---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-046639"
form_type: "8-K"
ticker: "VICR"
cik: "0000751978"
company_name: "VICOR CORP"
filed_at: "2023-02-23T23:59:59+00:00"
generated_at: "2026-06-19T03:35:33.205025+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Vicor Q4 revenue $105.5M (+16.8% YoY) but net income falls; FY net income $25.5M, down 55%; CEO cites subdued demand

## Summary
- Q4 revenue $105.5M (+16.8% YoY, +2.3% sequential); net income $8.1M ($0.18 diluted EPS) vs $8.9M ($0.20) a year ago.
- Full-year 2022 revenue $399.1M (+11.1%); net income $25.5M ($0.57) vs $56.6M ($1.26) in 2021, down 55%.
- Cash flow from operations $22.9M in 2022, down 57.9% from $54.4M in 2021.
- Backlog declined to $304M; CEO says book-to-bill far below 1, demand subdued until new AI/datacenter/auto applications ramp.
- Gross margin improved to 46.6% in Q4 from 45.2% a year ago, but full-year margin fell to 45.2% from 49.6%.

## SEC filing metadata
- accession: 0001193125-23-046639
- form_type: 8-K
- ticker: VICR
- cik: 0000751978
- company_name: VICOR CORP
- filed_at: 2023-02-23T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/751978/000119312523046639/0001193125-23-046639-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/751978/000119312523046639/d399146d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-046639
- JSON: https://secwatch.observer/filing/0001193125-23-046639.json
- Plain text: https://secwatch.observer/filing/0001193125-23-046639.txt

## Key facts
- Earnings Releases
  VICOR CORP reported the fourth quarter ended December 31, 2022 results: revenue $105.5 million, net income $8.1 million, EPS $0.18 per diluted share.
  - Period: the fourth quarter ended December 31, 2022
  - Revenue: $105.5 million
  - Net income: $8.1 million
  - EPS: $0.18 per diluted share
  - Result: reported results
  source text: Revenues for the fourth quarter ended December 31, 2022 totaled $105.5 million, a 16.8% increase from $90.3 million for the corresponding period a year ago, and a 2.3% sequential increase from $103.1 million in the third quarter of 2022. Gross margin increased to $49.1 million for the fourth quarter of 2022, compared to $40.8 million for the corresponding period a year ago, and increased sequentially from $47.0 million for the third quarter of 2022. Gross margin, as a percentage of revenue, increased to 46.6% for the fourth quarter of 2022, compared to 45.2% for the corresponding period a year ago, and from 45.5% for the third quarter of 2022. Net income for the fourth quarter was $8.1 million, or $0.18 per diluted share, compared to net income of $8.9 million or $0.20 per diluted share, for the corresponding period a year ago and net income of $1.8 million, or $0.04 per diluted share, for the third quarter of 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/751978/000119312523046639/0001193125-23-046639-index.htm
- Earnings Releases
  VICOR CORP reported the year ended December 31, 2022 results: revenue $399.1 million, net income $25.5 million, EPS $0.57 per diluted share.
  - Period: the year ended December 31, 2022
  - Revenue: $399.1 million
  - Net income: $25.5 million
  - EPS: $0.57 per diluted share
  - Result: reported results
  source text: Revenues for the year ended December 31, 2022 increased 11.1% to $399.1 million, from $359.4 million for the prior year. Gross margin, as a percentage of revenue, decreased to 45.2% for the year ended December 31, 2022, compared to 49.6% for the prior year. Net income for 2022 was $25.5 million, or $0.57 per diluted share and 6.4% of revenues, compared to $56.6 million, or $1.26 per diluted share and 15.8% of revenue in the prior year.
  evidence_url: https://www.sec.gov/Archives/edgar/data/751978/000119312523046639/0001193125-23-046639-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.