earnings
confidence high
sentiment positive
materiality 0.70
Vicor Q2 revenue $143.4M, EPS $1.04; backlog surges 145% YoY to $380M
VICOR CORP
- Revenue $143.4M, up 26.9% sequentially; net income $49.8M ($1.04 diluted EPS) vs $0.44 in Q1.
- Gross margin 58.0% vs 55.2% sequentially; operating expenses $48.2M.
- Backlog $380M, up 26% sequentially and 145% YoY; cash $453.6M, up 12.2% sequentially.
- CEO cites rising demand in HPC, ATE, industrial, aero/defense; planning second fab for 2nd Gen VPD ChiPs.
- Cash flow from operations $34.0M vs $(3.9)M in Q1 (which included $28.6M litigation payment).