Vicor's earnings call for Q2 2025 presented a generally positive outlook with significant revenue growth driven by a patent litigation settlement and new product developments. However, challenges in the China market and a decline in the book-to-bill ratio due to tariff hesitancy and cancellations were notable concerns.

Company Guidance -

Q3 2025

In the call, Vicor Corporation provided guidance indicating strong financial performance with product revenues, licensing income, and a patent litigation settlement totaling $141 million for Q2 2025, marking a 50.1% sequential increase from Q1 2025 and a 64.3% year-over-year increase from Q2 2024. Advanced Products revenue grew by 1.2% to $60.6 million, and Brick Products revenue rose by 4% to $35.5 million sequentially. Shipments to stocking distributors saw an 18.9% sequential increase but a 14.3% year-over-year decrease. The gross margin was significantly boosted to 65.3%, up by 1,810 basis points from the previous quarter, mainly due to a patent litigation settlement. Total operating expenses increased by 5% from Q1 2025 to $46.7 million, largely due to $5.1 million in incentive legal fees. Net income was reported at $41.2 million, with a GAAP diluted income per share of $0.91. Cash and cash equivalents reached $338.5 million, increasing by $42.4 million, despite $17.5 million in share repurchases. The Q2 book-to-bill ratio fell below 1 due to order cancellations in China and tariff-related hesitancy, while the one-year backlog decreased by 9.6% to $155.2 million. However, the company refrained from providing quarterly guidance due to uncertainties surrounding tariffs and licensing opportunities.

Significant Revenue Growth

Vicor recorded product revenues, licensing income, and a patent litigation settlement for the second quarter of $141 million, up 50.1% sequentially from Q1 2025 and up 64.3% from Q2 2024.

Strong Gross Margin Improvement

The consolidated gross profit margin increased to 65.3%, a 1,810 basis point increase compared to the prior quarter.

Patent Litigation Settlement

Vicor successfully settled a patent litigation case, contributing significantly to the financial results, although specifics of the settlement were not disclosed.

Cash Flow and Balance Sheet Strength

Operating cash flow totaled $55.2 million for the quarter, and cash and cash equivalents increased by $42.4 million sequentially.

New Product Developments

Vicor announced advancements in next-generation products, including high-density power modules for AI and automotive markets, with significant customer engagements expected.

Vicor (VICR) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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VICR Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 28, 2025	2025 (Q3)	0.22 / -	0.26	―	―	―
Jul 22, 2025	2025 (Q2)	0.17 / 0.91	-0.03	3133.33% (+0.94)	―
Apr 29, 2025	2025 (Q1)	0.25 / 0.06	0.06	0.00% (0.00)	―
Feb 20, 2025	2024 (Q4)	0.19 / 0.23	0.19	21.05% (+0.04)	―
Oct 22, 2024	2024 (Q3)	0.13 / 0.26	0.37	-29.73% (-0.11)	―
Jul 23, 2024	2024 (Q2)	0.09 / -0.03	0.38	-107.89% (-0.41)	―
Apr 23, 2024	2024 (Q1)	0.10 / 0.06	0.25	-76.00% (-0.19)	―
Feb 22, 2024	2023 (Q4)	0.36 / 0.19	0.18	5.56% (+0.01)	―
Oct 24, 2023	2023 (Q3)	0.33 / 0.37	0.18	105.56% (+0.19)	―
Jul 25, 2023	2023 (Q2)	0.23 / 0.38	0.24	58.33% (+0.14)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

VICR Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 22, 2025	$45.20	$52.68	+16.55%
Apr 29, 2025	$51.91	$39.90	-23.14%
Feb 20, 2025	$51.86	$63.67	+22.77%
Oct 22, 2024	$43.44	$49.39	+13.70%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Vicor Corp (VICR) report earnings?

Vicor Corp (VICR) is schdueled to report earning on Oct 28, 2025, After Close (Confirmed).

What is Vicor Corp (VICR) earnings time?

Vicor Corp (VICR) earnings time is at Oct 28, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is VICR EPS forecast?

VICR EPS forecast for the fiscal quarter 2025 (Q3) is 0.22.

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