Vicor Q2 revenue rises on higher market demand

Vicor Corporation

Vicor Corporation

VICR

0.00


Overview

  • Modular power components maker's Q2 revenue rose 26.9% sequentially

  • Q2 net income more than doubled from prior quarter

  • Company cites rising demand in high-performance compute, industrial, and aerospace markets


Outlook

  • Vicor says rising demand in compute, industrial, aerospace and defense is absorbing increased capacity

  • Company is taking steps toward a second fab for high current density 2nd Gen VPD ChiPs

  • Vicor sees incremental opportunity from industry shift to IVRs and current multipliers in power systems


Result Drivers

  • CAPACITY UTILIZATION - Co said rising demand in high-performance compute, automatic test equipment, and industrial, aerospace and defense applications is absorbing increased capacity within its first ChiP fab

  • AI AND HYPERSCALE OPPORTUNITIES - Co highlighted incremental opportunities from power system challenges in AI OEMs and hyperscale customers, citing its 2nd Gen VPD IP as a differentiator


Company press release: ID:nGNX5rFtcb


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q2 EPS

$1.04

Q2 Net Income

$49.80 mln

Q2 Cash Flow From Operations

$34 mln


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "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 $400.00, about 73.2% above its July 20 closing price of $230.99

  • The stock recently traded at 52 times the next 12-month earnings vs. a P/E of 49 three months ago


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