Reports Q1 revenue $97.82M, consensus $104.13M. Commenting on first quarter performance, Patrizio Vinciarelli, CEO, stated, "Bookings may remain weak until AI OEMs capture the benefits of advanced Power Distribution Networks ("PDNs") with Lateral-Vertical PDNs using existing 4G FPA modules."
Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on VICR:
- Vicor Corporation Reports Results for the First Quarter Ended March 31, 2023
- Vicor Corporation to Hold First Quarter Earnings Conference Call and Webcast on April 25, 2023
- Vicor to present high-performance modular power conversion solutions for xEVs at WCX 2023
- OLogic extols high-density power modules to drive today’s robotic revolution