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Vicor Corp (VICR)
NASDAQ:VICR
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Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.19Last Year’s EPS
0.19Same Quarter Last Year
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 16, 2018
|% Change Since: 18.65%
|Next Earnings Date:Jul 24, 2018
Earnings Call Sentiment|Neutral
The earnings call presents a mixed picture with notable achievements in product development and new market opportunities, offset by challenges such as a year-over-year revenue decline and decreased gross margins. The company is taking steps to address these challenges, but uncertainty remains in certain markets.Company Guidance
In the Q3 2024 earnings call for Vicor Corporation, the company reported a total revenue of $93.2 million, marking an 8.5% sequential increase from the previous quarter but a 13.6% decline from Q3 2023. Advanced Products revenue rose 6.5% sequentially to $49.4 million, while BRICK Products saw a 10.8% sequential increase to $43.8 million. Gross margin stood at 49.1%, down 70 basis points due to a shift in product mix. Operating expenses reduced by 5.2% to $40.4 million, and the company recorded a tax benefit of $2.4 million. Net income reached $11.6 million, translating to a GAAP diluted income per share of $0.26. The company ended the quarter with $267.6 million in cash and cash equivalents, and a book-to-bill ratio below 1. The backlog decreased by 2.1% to $150.6 million. Although Vicor highlighted uncertainties and opportunities for 2024, it refrained from providing specific quarterly guidance.Sequential Revenue Growth
Total revenue for the third quarter of $93.2 million, up 8.5% sequentially from the second quarter of 2024 total of $85.9 million.
Advanced Products Development
Successfully completed development of all ASICs and semiconductor devices included in the first Gen 5 chipset, with an upcoming VPD demo system for lead customers.
New Product Introductions
Introduced 5 new DC-to-DC converter power module families with advanced packaging technologies, offering 2 to 3x higher power density.
Automotive Market Opportunities
Adoption of a 48-volt zonal architecture by automotive OEMs is driving significant new opportunities, with new Gen 5 product families targeting these markets.
Operational Improvements
Vertical integration at the new factory has resulted in shorter cycle times and improved predictability, with the potential for strong contributions to margins.
Royalty Revenue Increase
Sequential increase in royalty revenue, contributing positively to the overall financial performance.
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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 |
|---|---|---|---|
| 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% |
| Feb 22, 2024 | $46.84 | $35.67 | -23.85% |
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 Feb 20, 2025, TBA Not Confirmed.
What is Vicor Corp (VICR) earnings time?
Vicor Corp (VICR) earnings time is at Feb 20, 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 2024 (Q4) is 0.19.
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