Core Viewpoint - Vicor Corporation will hold its fourth quarter 2025 earnings conference call on February 19, 2026, at 5:00 p.m. Eastern Time, to discuss financial and operational results for the three and twelve months ended December 31, 2025 [1]. Group 1: Earnings Conference Call Details - The fourth quarter results will be released via GlobeNewswire at the close of the NASDAQ Market Session on February 19, 2026, with a press release and financial statement summary available shortly thereafter on the Investor Relations page of Vicor's website [2]. - Investors and analysts wishing to ask questions during the conference call must register with Notified, the service provider hosting the call, to receive dial-in information and a unique PIN [3]. - A listen-only mode will be available via a webcast link posted on the Investor Relations page prior to the conference call, with a recommendation to access the website at least 15 minutes early [4]. Group 2: Webcast Replay and Company Overview - For those unable to participate in the live conference call, a replay will be available on the Investor Relations page of Vicor's website [5]. - Vicor Corporation designs, develops, manufactures, and markets modular power components and complete power systems, serving various markets including enterprise computing, industrial equipment, telecommunications, and aerospace [6].

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Core Viewpoint - Vishay Precision (VPG) shares experienced a significant rally of 7.1% in the last trading session, closing at $46.81, driven by notable trading volume and benefiting from cost-saving initiatives and increased revenue from its Measurement Systems division [1]. Company Performance - The upcoming quarterly earnings for Vishay Precision are projected at $0.21 per share, reflecting a remarkable year-over-year increase of 600%. Revenues are anticipated to reach $78.12 million, which is a 7.5% increase compared to the same quarter last year [2]. - The consensus EPS estimate for Vishay has remained unchanged over the last 30 days, indicating that stock price movements may not sustain without trends in earnings estimate revisions [3]. Industry Context - Vishay operates within the Zacks Electronics - Miscellaneous Components industry, where another company, Vicor (VICR), also showed positive performance with a 3% increase in its stock price, closing at $162.08, and a remarkable 44.5% return over the past month [3]. - Vicor's consensus EPS estimate for its upcoming report is $0.38, representing a year-over-year change of 65.2%, with its Zacks Rank also at 3 (Hold) [4].

Summary of Vicor FY Conference Call - January 16, 2026 Company Overview - **Company**: Vicor (NasdaqGS:VICR) - **Industry**: Semiconductor, specifically focusing on high-performance power components and systems Key Points Licensing Business - In 2025, Vicor achieved several milestones in its licensing business, including: - Secured a license agreement with a large hyperscaler in Q1 - Announced a $45 million settlement in Q2 - Signed a second license agreement with an OEM in Q3 [5][6] - Confidence in expanding the base of licensees is high due to successful ITC actions and a strong IP portfolio [6][16] - The company has initiated a second ITC case early in January 2026, focusing on NBM technology [7][9] - Vicor is actively protecting its IP and plans to enforce rights under its vertical power delivery patents [12][16] Product Development - The second-generation vertical power delivery (VPD) technology is being developed to meet rising current density requirements for advanced AI processes [20][21] - The Gen 5 VPD solution is on track for production launch in Q1 2026, with significant progress reported [22] - Engagements with hyperscalers and OEMs are ongoing, with expectations for product shipments into the second half of 2026 [23][26] Market Opportunities - Vicor is positioning itself for the 800-volt and 400-plus-minus high-voltage DC rack opportunities, with proprietary engines and methodologies already in production [30][31] - The automotive market is seen as a long-term opportunity, with expectations for significant contributions to revenue starting around 2029-2030 [38] - The industrial and aerospace sectors are projected to double in revenue contribution over the next several years, driven by automation and new chipsets [41] Manufacturing and Capacity - The first chip fab in Andover is expected to be filled substantially this year, with plans for a second facility being explored [43] - The second fab may support high-volume AI data center markets, but it is too early to determine if it will require dedicated manufacturing for automotive [44] - Current utilization rates in the Andover fab are under scrutiny, with expectations for margin improvements as capacity utilization increases [49] Financial Outlook - The book-to-bill ratio has improved and is now well above one, indicating a positive trend in order intake [47] - Margins are expected to increase from 65% to 70% as licensing practices strengthen and product gross margins improve with higher utilization [49] Strategic Priorities - Key priorities for 2026 include maximizing capacity in the first fab and laying groundwork for a second fab, potentially by mid to late 2027 [50] Additional Insights - The licensing model has proven effective in increasing demand for Vicor's products, with licensees motivated to use Vicor modules [14] - The company is focused on a logical sequence of protecting its IP while exploring new licensing opportunities [12][16] - Vicor's technology is positioned to address the evolving needs of the AI market, particularly in power delivery systems [20][21] This summary encapsulates the critical insights and developments discussed during the Vicor FY Conference Call, highlighting the company's strategic direction, market opportunities, and financial outlook.

Core Insights - Vicor Corporation is recognized as a leading tech stock, with Roth Capital initiating coverage with a Buy rating and a price target of $115, highlighting its strong position in power architecture for next-gen AI platforms [1] Financial Performance - In Q3 2025, Vicor reported quarterly revenue of $110.4 million, marking an 18.5% year-over-year increase but a 21.7% sequential decline due to a prior one-time $45 million patent settlement benefit [2] - The net income for the quarter was $28.3 million, with a GAAP diluted EPS of $0.63 [2] Product Segments and Growth Drivers - Advanced Products revenue grew 8.2% sequentially to $65.5 million, while Brick Products increased by 26.6% from a base of $44.9 million [3] - The IP licensing division achieved an annual run rate of approximately $90 million, indicating strong growth potential [3] - The company is preparing for a significant production ramp-up of its second-generation vertical power delivery solutions for a lead customer in Q1 2026, with additional pre-production for other hyperscalers and OEMs expected in H2 2026 [3] Company Overview - Vicor Corporation designs, develops, manufactures, and markets modular power components and systems for converting electrical power for use in electrically powered devices [4]

Core Viewpoint - Vicor Corporation will participate in the 28th Annual Needham Growth Conference on January 16, 2026, where key executives will discuss the company's performance and strategies [1]. Group 1: Event Participation - Patrizio Vinciarelli, CEO, Jim Schmidt, CFO, and Phil Davies, Corporate VP of Sales and Marketing will represent Vicor at the conference [1]. - The discussion will be led by Quinn Bolton, Managing Director of Equity Research at Needham & Company, LLC, scheduled for 11:00 a.m. ET [1]. Group 2: Company Overview - Vicor Corporation specializes in designing, developing, manufacturing, and marketing modular power components and complete power systems [2]. - The company is headquartered in Andover, Massachusetts, and serves various high-performance market segments, including enterprise computing, industrial automation, communications, transportation, and aerospace [2].

Core Viewpoint - Vicor Corporation (VICR) is recommended as a buy for growth investors due to its appealing valuation and focus on data center power architecture [1]. Company Summary - Vicor Corporation specializes in power solutions for data centers, indicating a strong position in a growing market [1]. - The company is recognized for its innovative approach to power architecture, which is critical for the efficiency of data centers [1]. Investment Analysis - The current valuation of Vicor is considered interesting, suggesting potential for growth and investment opportunities [1]. - The emphasis on data center power solutions aligns with industry trends towards increased demand for efficient power management [1].

Core Viewpoint - Vicor Corporation (VICR) is recommended as a buy for growth investors due to its appealing valuation and focus on data center power architecture [1]. Company Summary - Vicor Corporation specializes in power solutions for data centers, indicating a strong position in a growing market [1]. - The company is recognized for its innovative approach to power architecture, which is critical for the efficiency of data centers [1]. Investment Analysis - The current valuation of Vicor is considered interesting, suggesting potential for growth and investment opportunities [1]. - The emphasis on data center power solutions aligns with industry trends towards increased demand for efficient power management [1].

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Company Overview - Vicor is a specialized provider of modular power solutions, focusing on advanced technology for power conversion in mission-critical industries, with a scalable product portfolio and engineering capabilities [1] - The company targets high-reliability and high-performance end markets, designing and manufacturing modular power components, DC-DC converters, and custom power system solutions [2] Recent Transaction - On October 24, 2025, Claudio Tuozzolo, Corporate Vice President of Vicor, exercised and sold 5,508 shares of common stock for approximately $498,863, indicating a routine exercise-and-sell transaction [4][6] - This transaction reduced Tuozzolo's direct holdings by 14.08%, leaving him with 33,622 shares, which is 0.0747% of the company's outstanding shares [3][5] Financial Performance - Vicor's stock has delivered a remarkable 160% return over the past year, significantly outperforming the S&P 500's 17% gain during the same period [7] - The company's strong third-quarter earnings announcement revealed product revenues and licensing income totaling $110.4 million, an 18.5% year-over-year increase, with net income rising to $28.3 million [7] Growth Drivers - The company's growth is attributed to expanding intellectual property licensing related to high-density power technologies used in AI, automotive, and industrial markets, with management expecting nearly $300 million in contributions from IP settlements and licenses through 2026 [8]