Jul. 24 at 4:34 PM
$VICR
What is not to like in this report?
Q2 2025 Highlights
• Revenue:
$141.0 M, up 64.3% YoY (from
$85.9 M) and 50.1% QoQ (from
$94.0 M) 
• Gross Margin:
$92.1 M (65.3%), up from 49.8% YoY and 47.2% in Q1 – a ~1,810 bp improvement 
• Net Income:
$41.2 M GAAP profit vs.
$1.2 M loss YoY (Q2 2024); sequentially up from
$2.5 M profit in Q1 
• EPS:
$0.91 diluted vs. $(0.03) YoY—a massive positive swing 
• Earnings Surprise: EPS crushed the ~
$0.17 consensus estimate (+435%), while revenue overshot expectations by ~46%
Top Highlight
The standout win is the transformation from a net loss of
$1.2 M in Q2 2024 to
$41.2 M net income in Q2 2025, driven by a 64% revenue surge and a 435% EPS beat—underscoring Vicor’s strategic strength in IP monetization and power-tech growth.
⸻
🔍 Final Takeaway
Vicor’s Q2 performance marks a major inflection point: explosive top‑line growth, robust profitability, and strong balance sheet improvements (with
$338 M cash on hand) signal upside potential, especially if this momentum—beyond litigation—carries into future quarters.
