Vicor Corporation Reports Modest Revenue Growth

Vicor ( (VICR) ) has released its Q4 earnings. Here is a breakdown of the information Vicor presented to its investors.

Vicor Corporation designs, develops, manufactures, and markets modular power components and complete power systems, serving industries such as computing, telecommunications, and aerospace. In its latest earnings report, Vicor announced a modest increase in revenues for the fourth quarter of 2024, totaling $96.2 million, marking a 3.8% rise from the previous year and a sequential increase from the third quarter. The gross margin also improved to 52.4%, reflecting a stronger financial position compared to the prior periods. The company reported a net income of $10.2 million for the quarter, which is an increase from the previous year’s $8.7 million but a decrease from $11.6 million in the third quarter of 2024. Year-end figures showed a decrease in total revenue by 11.4% to $359.1 million compared to 2023, although gross margin percentage saw a slight improvement. Net income for the year declined to $6.1 million from $53.6 million in 2023, highlighting challenges faced by the company. Looking forward, Vicor is focusing on enhancing the utilization of its ChiP fab and increasing licensing income, with developments in its high density VPD system for AI applications expected to set new standards in performance and efficiency.