Vicor reported second quarter revenue of $143.4 million and diluted EPS of $1.04, up sequentially from $113.0 million and $0.44, respectively. The results were driven by a significant increase in royalty revenue and broad-based demand, particularly from the AI and high-performance computing sectors.
Key Highlights
- Royalty revenue reached $30.4 million, significantly exceeding expectations and demonstrating strong early monetization of the company's power delivery patents.
- Backlog increased 26% sequentially and 145% year-over-year to $380 million, indicating a robust demand pipeline for the coming quarters.
- Gross margin expanded to 58.0% from 55.2% in the prior quarter, driven by the higher-margin revenue mix and increased factory utilization.