Vicor Q2 revenue rises 64% to $141.0 million, helped by $45.0 million patent settlement
Vicor reported second-quarter 2025 revenue of $141.0 million, up 64.3% from a year earlier, and net income of $41.2 million, or $0.91 per diluted share, versus a net loss of $1.2 million a year earlier. The results include a $45.0 million patent litigation settlement, so part of the improvement came from a one-time item, and backlog fell 9.6% sequentially to $155.2 million.
Key points
- Q2 2025 revenue of $141.0 million, up from $85.9 million a year earlier, including a $45.0 million patent litigation settlement
- Net income of $41.2 million, or $0.91 per diluted share, compared with a net loss of $1.2 million, or $0.03 per diluted share, a year earlier
- Gross margin of 65.3%, up from 49.8% a year earlier; cash and cash equivalents of $338.5 million at June 30, 2025
- Backlog of $155.2 million at June 30, 2025, down 9.6% from $171.7 million at March 31, 2025
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 July 22, 2025.
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.