NASDAQ$VICR
Vicor Corporation · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Reported financial results for the first quarter ended March 31, 2023.
Vicor Corporation reported a revenue of $97.8 million for the first quarter ended March 31, 2023, representing a 10.8% increase year-over-year. The company's net income was $11.2 million, or $0.25 per diluted share, compared to $5.0 million, or $0.11 per diluted share, for the corresponding period a year ago.
- Revenues for the first quarter totaled $97.8 million, a 10.8% increase year-over-year.
- Gross margin increased to $46.5 million, with gross margin as a percentage of revenue increasing to 47.6%.
- Net income for the first quarter was $11.2 million, or $0.25 per diluted share.
- Cash flow from operations totaled $10.1 million for the first quarter.
Headline financials
Revenue & EPS history
Vicor · Revenue · Quarterly
$97.8M
Forward guidance
Dr. Patrizio Vinciarelli, CEO, anticipates growth and profitability with the completion of their ChiP foundry, 5G FPA enabling Vertical PDNs, and automotive electrification driving ChiP acceptance.
Tailwinds
- Imminent completion of first Converter-housed-in-Package (“ChiP”) foundry.
- 5G FPA enabling scalable, high efficiency Vertical PDNs on the critical path of advanced AI systems.
- Automotive electrification driving broad acceptance of ChiPs.
- Progress with automotive applications using 4G modular solutions at up to 150kW is paving the way for production ramps starting in 2025.
- Growth opportunity with AI in data centers.
Headwinds
- Bookings may remain weak until AI OEMs capture the benefits of advanced Power Distribution Networks (“PDNs”) with Lateral-Vertical PDNs using existing 4G FPA modules.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2023
-0.7%
Avg return
Earnings day
+1.0%
Avg return
5 days after
+1.5%
Avg return
30 days after
40%
26 / 65 earnings
Positive
+58.6%
Q2 2023
Best reaction
-27.7%
Q4 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +3.4% | +9.1% | +8.9% | |
| Q4 2025 | +11.3% | +29.0% | +7.7% | |
| Q3 2025 | +30.0% | +36.8% | +28.2% | |
| Q2 2025 | -4.5% | -4.5% | +2.6% | |
| Q1 2025 | -23.1% | -22.1% | -15.9% | |
| Q4 2024 | +22.8% | +24.8% | +3.4% | |
| Q3 2024 | +10.5% | +3.7% | +21.4% | |
| Q2 2024 | +1.4% | +7.7% | -0.0% | |
| Q1 2024 | -7.5% | -0.6% | +0.4% | |
| Q4 2023 | -22.4% | -17.5% | -17.3% | |
| Q3 2023 | -26.6% | -23.7% | -28.9% | |
| Q2 2023 | +58.6% | +61.0% | +14.4% | |
| Q1 2023 | +2.2% | +0.8% | +26.7% | |
| Q4 2022 | -27.7% | -16.8% | -22.9% | |
| Q3 2022 | +4.3% | +8.8% | +18.7% | |
| Q2 2022 | +4.8% | +1.6% | -13.0% | |
| Q1 2022 | -6.0% | -14.4% | +3.3% | |
| Q4 2021 | -16.1% | -19.8% | -28.3% | |
| Q3 2021 | +2.3% | +4.5% | -9.9% | |
| Q2 2021 | -1.9% | -1.7% | +10.0% | |
| Q1 2021 | -7.4% | -5.9% | +0.9% | |
| Q4 2020 | +3.4% | +3.3% | -9.8% | |
| Q3 2020 | +4.0% | -0.7% | +1.8% | |
| Q2 2020 | +4.0% | +4.2% | +7.9% | |
| Q1 2020 | +2.2% | +5.6% | +28.1% | |
| Q4 2019 | -7.2% | -10.0% | -15.2% | |
| Q3 2019 | -0.8% | +1.7% | +13.5% | |
| Q2 2019 | -0.8% | -9.2% | +2.2% | |
| Q1 2019 | -1.5% | +3.8% | -18.5% | |
| Q4 2018 | -4.3% | -6.6% | -9.2% | |
| Q3 2018 | -5.2% | +6.0% | -11.8% | |
| Q2 2018 | +5.8% | +5.3% | +9.7% | |
| Q1 2018 | -1.3% | -3.8% | +22.3% | |
| Q4 2017 | +4.1% | -2.5% | +8.4% | |
| Q3 2017 | -2.1% | -2.4% | +6.4% | |
| Q2 2017 | -5.1% | -0.3% | +2.2% | |
| Q1 2017 | -1.1% | -2.2% | -3.6% | |
| Q4 2016 | +0.3% | +0.0% | +3.2% | |
| Q3 2016 | -3.4% | -6.8% | +13.6% | |
| Q2 2016 | -4.1% | -6.7% | -1.7% | |
| Q1 2016 | -1.8% | — | — | |
| Q4 2015 | +0.6% | — | — | |
| Q3 2015 | -4.8% | — | — | |
| Q2 2015 | +0.7% | — | — | |
| Q1 2015 | -5.3% | — | — | |
| Q4 2014 | -5.7% | — | — | |
| Q3 2014 | +5.3% | — | — | |
| Q2 2014 | +0.0% | — | — | |
| Q1 2014 | +0.9% | — | — | |
| Q4 2013 | -7.6% | — | — | |
| Q3 2013 | -5.9% | — | — | |
| Q2 2013 | -2.0% | — | — | |
| Q1 2013 | -1.3% | — | — | |
| Q4 2012 | +3.4% | — | — | |
| Q3 2012 | +5.6% | — | — | |
| Q2 2012 | -1.0% | — | — | |
| Q1 2012 | -5.3% | — | — | |
| Q4 2011 | -1.7% | — | — | |
| Q3 2011 | -1.5% | — | — | |
| Q2 2011 | -1.7% | — | — | |
| Q1 2011 | -4.5% | — | — | |
| Q4 2010 | +2.9% | — | — | |
| Q3 2010 | +4.9% | — | — | |
| Q2 2010 | -1.3% | — | — | |
| Q1 2010 | -14.0% | — | — |
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