Earnings summaries and quarterly performance for VICOR.
Executive leadership at VICOR.
Patrizio Vinciarelli
Chief Executive Officer
Claudio Tuozzolo
Corporate Vice President and President, Vicor Power Components
James Schmidt
Chief Financial Officer, Treasurer, and Corporate Secretary
Michael McNamara
Corporate Vice President, General Manager, Operations
Philip Davies
Corporate Vice President, Global Sales and Marketing
Alex Gusinov
Corporate Vice President, Engineering, Power Components
Alvaro Doyle
Corporate Vice President and Chief Information Officer
Nancy Grava
Corporate Vice President, Human Resources
Quentin Fendelet
Corporate Vice President and Chief Accounting Officer
Robert Gendron
Corporate Vice President, Product Management and Development
Sean Crilly
Corporate Vice President, Engineering, Power Systems
Board of directors at VICOR.
Research analysts who have asked questions during VICOR earnings calls.
Jonathan Tanwanteng
CJS Securities
4 questions for VICR
Quinn Bolton
Needham & Company, LLC
4 questions for VICR
Richard Shannon
Craig-Hallum Capital Group LLC
4 questions for VICR
Donald McKenna
D.B. McKenna & Company
3 questions for VICR
James Liberman
American Trust Investment Services
3 questions for VICR
John Dillon
D&B Capital
3 questions for VICR
Alan Hicks
Ainsley Capital Management
2 questions for VICR
Jon Gruber
Lagunitas Investments
1 question for VICR
Patrick Connors
Ajax Capital
1 question for VICR
Recent press releases and 8-K filings for VICR.
- Vicor reported Q3 2025 product revenues and licensing income of $110.4 million, an 18.5% increase year-over-year from Q3 2024, but a 21.7% sequential decrease from Q2 2025, which had benefited from a $45 million patent litigation settlement. The company achieved a consolidated gross profit margin of 57.5% and GAAP-diluted income per share of $0.63.
- The IP licensing business reached a run rate of nearly $90 million per year in Q3 2025, with expectations to grow at approximately 50% annually and potentially double within two years.
- Vicor's second-generation Vertical Power Delivery (VPD) solution for its lead customer is progressing towards a Q1 2026 production launch, with engagements beginning with other hyperscalers and OEMs. Management anticipates 2025 to be a record year for top line, bottom line, and EPS, projecting power revenues alone could exceed $1 billion by filling the fab.
- Vicor Corporation reported product revenues and licensing income of $110.4 million for the third quarter ended September 30, 2025, an 18.5% increase from the prior year's corresponding period, but a 21.7% sequential decrease from the second quarter of 2025, which included a $45.0 million patent litigation settlement.
- Net income for Q3 2025 was $28.3 million, or $0.63 per diluted share, compared to $11.6 million ($0.26 per diluted share) in Q3 2024 and $41.2 million ($0.91 per diluted share) in Q2 2025.
- Cash and cash equivalents increased 7.0% sequentially to approximately $362.4 million as of September 30, 2025, with cash flow from operations totaling $38.5 million for the quarter.
- The company's backlog for the third quarter ended September 30, 2025, was $152.8 million, representing a 1.5% increase year-over-year but a 1.5% sequential decrease.
- Vicor Corporation reported product revenues and licensing income of $110.4 million for the third quarter ended September 30, 2025, marking an 18.5% increase from the prior year's corresponding period, though it was a 21.7% sequential decrease from Q2 2025 which included a $45.0 million patent litigation settlement.
- Net income for Q3 2025 was $28.3 million, or $0.63 per diluted share, compared to $11.6 million, or $0.26 per diluted share, for the same period a year ago.
- The company's gross margin for the third quarter of 2025 increased to 57.5% of revenue, up from 49.1% in the corresponding period a year ago.
- Cash flow from operations totaled $38.5 million for the third quarter, and cash and cash equivalents increased 7.0% sequentially to approximately $362.4 million as of September 30, 2025.
- Backlog as of September 30, 2025, was $152.8 million, a 1.5% increase from the prior year but a 1.5% sequential decrease.
- Vicor Corporation is expanding its Intellectual Property (IP) licensing practice, led by Andrew D’Amico, General Counsel for Intellectual Property.
- A 2025 International Trade Commission (ITC) Limited Exclusion Order (LEO) prohibits the importation of infringing bus converters and computing systems that use Vicor's patented technology.
- This LEO has already secured settlements and licensing agreements, which are expected to contribute nearly $300 million to Vicor’s revenues through 2026.
- In Q3, Vicor's licensing revenues surpassed its quarterly investment in R&D, with R&D representing 18% of revenues.
Quarterly earnings call transcripts for VICOR.
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