Vicor Corp Q2 2025 – Revenues Surge 64.3%

By Bobby Samwell • Wednesday, July 23 10:35 • Permanent Link

Vicor Corporation (NASDAQ: VICR) has reported its financial results for the second quarter ending June 30, 2025, and the numbers are showing significant growth and improvement.

Product revenues, licensing income, and a patent litigation settlement for the second quarter totaled $141.0 million, marking a substantial 64.3% increase from the corresponding period a year ago. Moreover, this represents a 50.1% sequential increase from the first quarter of 2025, which stood at $94.0 million.

The gross margin for the second quarter of 2025 increased to $92.1 million, compared to $42.8 million for the same period last year. This translates to a gross margin percentage of 65.3%, showing a significant improvement from 49.8% for the corresponding period a year ago and 47.2% for the first quarter of 2025.

Operating expenses for the second quarter of 2025 stood at $46.7 million, up from $42.6 million for the same period a year ago and $44.5 million for the first quarter of 2025.

The company reported a net income of $41.2 million, or $0.91 per diluted share, for the second quarter of 2025, compared to a net loss of ($1.2) million, or ($0.03) per diluted share, for the corresponding period a year ago. This also represents a significant increase from the net income of $2.5 million, or $0.06 per diluted share, for the first quarter of 2025.

Cash flow from operations totaled $65.2 million for the second quarter, compared to $15.6 million for the corresponding period a year ago, and $20.1 million in the first quarter of 2025. The company's cash and cash equivalents as of June 30, 2025, increased 14.3% sequentially to approximately $338.5 million compared to approximately $296.1 million as of March 31, 2025.

Looking at the backlog, it totaled $155.2 million for the second quarter, marking a 0.9% increase from the corresponding period a year ago, but a 9.6% sequential decrease from the end of the first quarter of 2025.

Today the company's shares have moved -5.44% to a price of $45.20. For the full picture, make sure to review VICOR CORP's 8-K report.

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