Overview

* Vicor ( VICR ) Q3 revenue grows 18.5% yr/yr, beating analyst expectations

* Net income for Q3 rises to $28.3 mln, up from $11.6 mln last year

* Cash flow from operations increases to $38.5 mln, up from $22.6 mln last year

Outlook

* Vicor ( VICR ) expects substantial growth in IP licensing practice due to OEM demand

* Company anticipates higher margins with increased foundry capacity utilization

Result Drivers

* LICENSING REVENUE - Record licensing revenue rate in Q3 following patent litigation settlement, per CEO Dr. Patrizio Vinciarelli

* HIGH DENSITY POWER SYSTEMS - Vicor's ( VICR ) high density power systems are critical for high performance computing, expected to drive IP licensing growth, per CEO Dr. Patrizio Vinciarelli

* CHIP FOUNDRY YIELDS - First ChiP foundry achieving 98% test yields, expected to enhance margins and foundry capacity utilization, per CEO Dr. Patrizio Vinciarelli

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $110.40 $95.40

Revenue mln mln (3

Analysts

)

Q3 Net $28.30

Income mln

Q3 Cash $38.50

Flow mln

From

Operatio

ns

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 2 "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 ( VICR ) is $52.50, about 10.6% below its October 20 closing price of $58.04

* The stock recently traded at 46 times the next 12-month earnings vs. a P/E of 40 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)