Overview

* Vicor ( VICR ) Q2 revenue rises 64.3% yr/yr, beating analyst expectations, per LSEG data

* Net income for Q2 reaches $41.2 mln, marking a turnaround from last year's loss

* Gross margin improves to 65.3%, reflecting increased profitability

Outlook

* Vicor ( VICR ) expects increased product revenues from high-performance ChiPs for AI

* Company anticipates higher utilization of first ChiP fab

* Vicor ( VICR ) pursuing actions to limit importation of infringing systems

* Company sees future revenues reflecting patented innovations

Result Drivers

* PATENT SETTLEMENT - $45 mln from patent litigation settlement contributed to revenue increase

* LITIGATION SUCCESS - ITC actions resulted in cease-and-desist orders, aiding revenue growth

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $141 mln $96.40

Revenue mln (3

Analysts

)

Q2 EPS $0.91

Q2 Net $41.20

Income mln

Q2 Gross 65.3%

Margin

Q2 Capex $6.20

mln

Q2 Cash $65.20

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 $50.00, about 4.4% above its July 21 closing price of $47.80

* The stock recently traded at 29 times the next 12-month earnings vs. a P/E of 29 three months ago

Press Release:

(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.)