Logotype for Vicor Corporation

Vicor (VICR) investor relations material

Vicor Q2 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for Vicor Corporation
Q2 2025 earnings summary22 Jul, 2025

Executive summary

  • Q2 2025 revenue reached $141 million, up 50.1% sequentially and 64.3% year-over-year, driven by product sales, licensing, and a $45 million patent litigation settlement.

  • Net income for Q2 was $41.2 million, or $0.91 per diluted share, compared to a net loss of $1.2 million in Q2 2024.

  • Gross margin rose to 65.3%, an 1810 basis point sequential increase, primarily due to the patent litigation settlement and improved sales mix.

  • Backlog at quarter-end was $155.2 million, down 9.6% sequentially but up 0.9% year-over-year.

  • CEO highlighted successful ITC action, ongoing IP protection, and new AI product launches.

Financial highlights

  • Product, royalty, and litigation settlement revenue totaled $141 million, up from $85.9 million a year ago.

  • Gross margin was $92.1 million, up from $42.8 million year-over-year; gross margin percentage increased to 65.3%.

  • Operating expenses increased to $46.7 million, mainly from $5.1 million in legal fees tied to the settlement.

  • Cash and cash equivalents ended at $338.5 million, up $42.4 million sequentially after $17.5 million in share repurchases.

  • Operating cash flow was $65.2 million; capital expenditures were $6.2 million.

Outlook and guidance

  • No quarterly guidance provided due to ongoing uncertainties and a wide range of possible outcomes for 2025.

  • Management expects 2025 to be a record revenue year, with continued upside potential from licensing, settlements, and new AI-focused products.

  • Royalty income is expected to remain variable, with significant upside possible but ongoing unpredictability.

  • Revenues and margins anticipated to benefit from patented innovations in high-density power systems.

  • Cash from operations and current liquidity are expected to fund operational needs and capital expenditures for the foreseeable future.

Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.

Next Vicor earnings date

Logotype for Vicor Corporation
Q3 202521 Oct, 2025
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

Next Vicor earnings date

Logotype for Vicor Corporation
Q3 202521 Oct, 2025

The essential earnings season companion

The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

Vicor Corporation designs, develops, manufactures and markets modular power components and power systems for converting electrical power. The Company's products are used to extend the coverage of existing power grids to support load growth as well as to improve existing power grid performance. Vicor Corporation was incorporated in 1981 and is headquartered in Andover, Massachusetts.

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage