Vicor ( (VICR) ) has released its Q1 earnings. Here is a breakdown of the information Vicor presented to its investors.
Vicor Corporation, headquartered in Andover, Massachusetts, is a company that designs, develops, manufactures, and markets modular power components and complete power systems, serving industries such as enterprise computing, telecommunications, and aerospace.
In its latest earnings report for the first quarter of 2025, Vicor Corporation announced a revenue of $94.0 million, marking a 12% increase compared to the same period last year, although it represented a slight sequential decline from the previous quarter. The company also reported a net income of $2.5 million, a significant improvement from a net loss in the previous year.
Key financial metrics revealed a decrease in gross margin to $44.4 million, with operating expenses also seeing a reduction. Notably, cash flow from operations increased substantially to $20.1 million, and the company’s backlog grew by 14.2% year-over-year. These figures indicate a positive shift in operational efficiency and market demand.
Looking ahead, Vicor’s management remains optimistic about future growth, driven by the development of its second-generation VPD for AI applications and increased licensing traction with OEMs and hyper-scalers. The company aims to enhance its margins by optimizing its ChiP fab utilization and expanding its product offerings in the high-performance computing sector.