Core Viewpoint - Vicor Corporation reported strong financial results for the second quarter of 2025, showcasing significant growth in revenues and net income compared to the previous year and the first quarter of 2025 [2][4]. Financial Performance - Total revenues for the second quarter reached $141.0 million, marking a 64.3% increase from $85.9 million in the same period last year and a 50.1% sequential increase from $94.0 million in the first quarter of 2025 [2]. - Gross margin increased to $92.1 million, up from $42.8 million year-over-year and from $44.4 million sequentially, with gross margin percentage rising to 65.3% from 49.8% year-over-year and 47.2% sequentially [3]. - Operating expenses rose to $46.7 million, compared to $42.6 million a year ago and $44.5 million in the first quarter of 2025 [3]. Profitability - The net income for the second quarter was $41.2 million, or $0.91 per diluted share, a significant turnaround from a net loss of $1.2 million or $0.03 per diluted share in the same period last year and an increase from $2.5 million or $0.06 per diluted share in the first quarter of 2025 [4]. Cash Flow and Capital Expenditures - Cash flow from operations totaled $65.2 million, compared to $15.6 million in the same period last year and $20.1 million in the first quarter of 2025 [5]. - Capital expenditures for the second quarter were $6.2 million, slightly up from $6.1 million year-over-year and from $4.6 million in the first quarter of 2025 [5]. Backlog and Future Outlook - The backlog for the second quarter was $155.2 million, a 0.9% increase from $153.8 million year-over-year but a 9.6% sequential decrease from $171.7 million at the end of the first quarter of 2025 [6]. - The CEO highlighted ongoing efforts to enhance product offerings, particularly in AI applications, which are expected to drive future revenue growth [7]. Balance Sheet Highlights - As of June 30, 2025, cash and cash equivalents increased by 14.3% sequentially to approximately $338.5 million from $296.1 million as of March 31, 2025 [5]. - Total assets as of June 30, 2025, were $693.5 million, up from $641.1 million at the end of 2024 [14][15]. Equity Position - Vicor Corporation's stockholders' equity totaled $608.6 million as of June 30, 2025, compared to $570.3 million at the end of 2024 [15].

Company Announcement - Vicor Corporation will hold its second quarter 2025 earnings conference call and webcast on July 22, 2025, at 5:00 p.m. Eastern Time [1] - The financial and operational results for the three and six months ended June 30, 2025, will be discussed during the call [1] Financial Results Release - Results for the second quarter will be released over GlobeNewswire at the close of the NASDAQ Market Session on July 22, 2025 [2] - A press release and summary of the company's financial statements will be available shortly thereafter on the Investor Relations page of Vicor's website [2] Conference Call Participation - Investors and analysts wishing to ask questions during the conference call must register with Notified, the service provider hosting the call [3] - Registration can be completed at any time prior to 5:00 p.m. on July 22, 2025 [3] Webcast Information - The conference call will be available in listen-only mode via a webcast link posted on the Investor Relations page of Vicor's website [4] - Participants are advised to access the website at least 15 minutes prior to the call to register and download any necessary software [4] Replay Availability - A webcast replay of the conference call will be available on the Investor Relations page of Vicor's website for those unable to participate live [5] Company Overview - Vicor Corporation designs, develops, manufactures, and markets modular power components and complete power systems based on patented technologies [6] - The company is headquartered in Andover, Massachusetts, and serves various markets including enterprise computing, industrial equipment, telecommunications, and aerospace [6]

Core Viewpoint - Vicor Corporation reported a mixed financial performance for the first quarter of 2025, with revenue growth year-over-year but declines in gross margin and net income compared to the previous quarter [2][3][4]. Financial Performance - Revenues for Q1 2025 were $94.0 million, reflecting a 12.0% increase from $83.9 million in Q1 2024, but a 2.3% decrease from $96.2 million in Q4 2024 [2]. - Gross margin decreased to $44.4 million in Q1 2025 from $45.1 million in Q1 2024 and from $50.4 million in Q4 2024, with gross margin percentage dropping to 47.2% from 53.8% year-over-year and from 52.4% sequentially [3]. - Operating expenses were $44.5 million in Q1 2025, down from $61.2 million in Q1 2024 but up from $41.2 million in Q4 2024 [3]. Profitability - The net income for Q1 2025 was $2.5 million, or $0.06 per diluted share, compared to a net loss of $14.5 million or ($0.33) per diluted share in Q1 2024, and net income of $10.2 million or $0.23 per diluted share in Q4 2024 [4]. - Cash flow from operations was $20.1 million in Q1 2025, significantly up from $2.6 million in Q1 2024 and $10.1 million in Q4 2024 [5]. Backlog and Future Outlook - The backlog for Q1 2025 was $171.7 million, a 14.2% increase from $150.3 million in Q1 2024 and a 10.4% increase from $155.5 million at the end of Q4 2024 [6]. - CEO Dr. Patrizio Vinciarelli highlighted challenges in revenue and gross margin due to a licensee transitioning to new products, but noted potential for margin improvements with higher utilization of manufacturing capabilities and increased licensing income [7]. Capital Structure - As of March 31, 2025, cash and cash equivalents increased by 6.8% sequentially to approximately $296.1 million from approximately $277.3 million as of December 31, 2024 [5]. - Total assets as of March 31, 2025, were $665.0 million, up from $641.1 million at the end of 2024 [14][15].

Core Viewpoint - Vicor Corporation will hold its first quarter 2025 earnings conference call on April 29, 2025, at 5:00 p.m. Eastern Time, to discuss financial and operational results for the three months ended March 31, 2025 [1]. Group 1: Earnings Call Details - The earnings results will be released via GlobeNewswire at the close of the NASDAQ Market Session on April 29, 2025, 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 Vicor's Investor Relations page prior to the conference call, with a recommendation to access the website at least 15 minutes before the call [4]. Group 2: Post-Call Information - For those unable to participate in the live conference call, a replay of the webcast will be available on Vicor's Investor Relations page [5]. Group 3: Company Overview - Vicor Corporation designs, develops, manufactures, and markets modular power components and complete power systems based on patented technologies, serving various markets including enterprise computing, industrial automation, telecommunications, and aerospace [6].