Fannie Mae, Freddie Mac shares tumble after conservatorship comments
Investing.com -- Vicor Corporation (NASDAQ:VICR) reported second-quarter earnings that dramatically exceeded analyst expectations, sending shares soaring 30% as the power module manufacturer delivered substantial revenue growth and improved profitability.
The company reported adjusted earnings per share of $0.91 for the quarter ended June 30, 2025, vastly outperforming the analyst consensus estimate of $0.17. Revenue surged to $141.05 million, crushing the $96.43 million consensus estimate and representing a 64.3% increase compared to the same quarter last year.
Vicor’s impressive performance was driven by strong product revenues, licensing income, and a patent litigation settlement. The company’s gross margin improved significantly to 65.3% in the second quarter, up from 49.8% in the year-ago period and 47.2% in the first quarter of 2025.
"Having brought to fruition our first ITC (NSE:ITC) action with cease-and-desist and exclusion orders, we are pursuing additional actions to curtail importation into the US of infringing power and computing systems sourced from contract manufacturers by unlicensed OEMs and Hyper-scalers," said Chief Executive Officer Dr. Patrizio Vinciarelli.
Cash flow from operations strengthened to $65.2 million for the quarter, compared to $15.6 million in the same period last year. The company’s cash position improved to $338.5 million, a 14.3% increase from the previous quarter.
Backlog at the end of the quarter stood at $155.2 million, representing a slight 0.9% increase YoY but a 9.6% sequential decrease from the first quarter of 2025. Capital expenditures for the quarter totaled $6.2 million, relatively unchanged from $6.1 million in the year-ago period.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.