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Vicor Corp (VICR)
NASDAQ:VICR
Earnings Data
Report Date
Apr 29, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.29Last Year’s EPS
0.06Same Quarter Last Year
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 20, 2025
|% Change Since: 22.77%
|Next Earnings Date:Apr 29, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted several positive developments, including significant growth in Advanced Products and improved gross margins, as well as successful defense of intellectual property. However, these positives were balanced by a significant decline in overall revenue, operating income, and net income, indicating a challenging year overall.Company Guidance
During the Vicor Corporation's fourth quarter 2024 earnings call, the company provided detailed guidance on various financial metrics. Total revenue for Q4 was reported at $96.2 million, reflecting a 3.2% increase from the previous quarter and a 3.8% rise from Q4 2023. However, annual revenue for 2024 decreased by 11.4% to $359.1 million compared to 2023. Advanced Products revenue grew sequentially by 18%, while Brick Products revenue declined by 13%. The gross profit margin for Q4 improved to 52.4%, up 3.3% from the prior quarter. For the full year, the gross margin increased slightly to 51.2% from 50.6% in 2023, primarily due to increased royalty income and reduced supply chain costs. Operating expenses rose by 2% from Q3, and for the full year, they accounted for 51.6% of revenue, up from 37.9% in 2023. The company recorded a Q4 operating income of $9.2 million, equating to a 9.6% operating margin, while the full-year operating loss was $1.3 million, or negative 0.4% of revenue. The net income for Q4 totaled $10.2 million, with a GAAP diluted EPS of $0.23. For the full year, net income decreased to $6.1 million, and EPS dropped to $0.14. Additionally, the cash and equivalents at the end of Q4 were $277.3 million, and the book-to-bill ratio improved above one, with a 1-year backlog increase of 3.3% to $155.5 million. The company highlighted that 2025 presents uncertainties and opportunities, thus refraining from providing specific quarterly guidance.Advanced Products Performance
Advanced Products revenue increased 18% sequentially, showing strength particularly in the HPC segment and also growth in industrial and aerospace & defense markets.
Gross Margin Improvement
Consolidated gross profit margin for Q4 was 52.4%, an increase of 3.3% from the prior quarter, with full year gross margin rising by 0.7% to 51.2% from 50.6% in the prior year.
Successful ITC Action
The ITC action led to exclusion and cease and desist orders, banning the importation of infringing power modules, with a hyperscaler taking a license to Vicor’s NBM IP.
Book-to-Bill Ratio Improvement
The book-to-bill ratio rose above one in Q4, indicating a strengthening order book.
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VICR Earnings History
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
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VICR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 20, 2025 | $51.86 | $63.67 | +22.77% |
| Oct 22, 2024 | $43.44 | $49.39 | +13.70% |
| Jul 23, 2024 | $37.95 | $37.97 | +0.05% |
| Apr 23, 2024 | $35.18 | $32.03 | -8.95% |
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.
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FAQ
When does Vicor Corp (VICR) report earnings?
Vicor Corp (VICR) is schdueled to report earning on Apr 29, 2025, TBA Not Confirmed.
What is Vicor Corp (VICR) earnings time?
Vicor Corp (VICR) earnings time is at Apr 29, 2025, TBA Not 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 (Q1) is 0.29.
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