Vicor Q1 revenue rises 10.8% to $97.8 million; diluted EPS $0.25 vs $0.11
Vicor reported first-quarter 2023 results for the period ended March 31, 2023, with revenue up 10.8% year over year to $97.8 million and net income of $11.2 million, or $0.25 per diluted share, versus $5.0 million, or $0.11, a year earlier. Revenue fell 7.3% from the fourth quarter of 2022, and backlog declined 36.0% year over year to $271.3 million, so the picture is mixed beyond the year-over-year profit gain.
Key points
- Revenue of $97.8 million, up 10.8% from $88.3 million a year earlier but down 7.3% from $105.5 million in Q4 2022
- Net income of $11.2 million, or $0.25 per diluted share, compared with $5.0 million, or $0.11, a year earlier
- Gross margin of 47.6% of revenue, up from 42.6% a year earlier; backlog of $271.3 million, down 36.0% from $423.7 million a year earlier
- Cash and cash equivalents of approximately $192.9 million as of March 31, 2023; the company's conference call is set for 5:00 p.m. Eastern Time on April 25, 2023
The filing
Written by AI on Nov 8, 2026, 12:57 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 25, 2023.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.