NASDAQ$VICR
Vicor Corporation · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Vicor's Q3 2024 performance saw a decrease in revenue compared to the previous year, but an increase compared to the previous quarter, with net income and cash flow from operations improving.
Vicor Corporation reported Q3 2024 revenues of $93.2 million, a 13.6% decrease year-over-year but an 8.5% increase sequentially. Net income was $11.6 million, or $0.26 per diluted share. Cash flow from operations totaled $22.6 million.
- Q3 2024 revenues totaled $93.2 million, a 13.6% decrease year-over-year.
- Net income for the third quarter was $11.6 million, or $0.26 per diluted share.
- Cash flow from operations totaled $22.6 million.
- Backlog for the third quarter totaled $150.6 million, a 13.8% decrease year-over-year.
Headline financials
Revenue & EPS history
Vicor · Revenue · Quarterly
$93.2M
Forward guidance
The company is nearing initial deliveries of 2nd generation, high density VPD systems for leading AI applications.
Tailwinds
- Close to initial deliveries of 2nd generation VPD systems for AI.
- VPD systems achieve superior density, bandwidth and signal integrity.
- Vicor's VPD will enable AI processors setting new standards.
- Vicor's VPD will enable AI processors achieving compute performance improvements.
- Vicor's VPD will enable AI processors achieving power system efficiency improvements.
Headwinds
- Gross margins were impacted primarily by product mix.
- Contract manufacturers may be precluded from importing computing systems using infringing modules.
- Redesigned modules, or discrete alternatives, may still infringe.
- OEMs condoning infringement are taking chances with their supply chain.
- Unscrupulous actors playing a game of 'catch me if you can' are negatively impacting Vicor.
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 Q3 2024
-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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