Vicor Corporation Reports Results for the Third Quarter Ended September 30, 2025

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[{"type":"text","content":"ANDOVER, Mass., Oct. 21, 2025 (GLOBE NEWSWIRE) -- Vicor Corporation (NASDAQ: VICR) today reported financial results for the third quarter ended September 30, 2025. These results will be discussed later today at 5:00 p.m. Eastern Time, during management’s quarterly investor conference call. The details for the call are below. Product revenues and licensing income for the third quarter ended September 30, 2025 totaled $110.4 million, an 18.5% increase from $93.2 million for the corresponding period a year ago, and a 21.7% sequential decrease from $141.0 million in the second quarter of 2025, which included a $45.0 million patent litigation settlement. Gross margin increased to $63.5 million for the third quarter of 2025, compared to $45.7 million for the corresponding period a year ago, and decreased sequentially from $92.1 million for the second quarter of 2025. Gross margin, as a percentage of revenue, increased to 57.5% for the third quarter of 2025, compared to 49.1% for the corresponding period a year ago, and decreased from 65.3% for the second quarter of 2025, which benefited from the $45.0 million patent litigation settlement. Operating expenses increased to $42.6 million for the third quarter of 2025, compared to $40.4 million for the corresponding period a year ago, and decreased sequentially from $46.7 million for the second quarter of 2025. Net income for the third quarter was $28.3 million, or $0.63 per diluted share, compared to net income of $11.6 million or $0.26 per diluted share, for the corresponding period a year ago and net income of $41.2 million, or $0.91 per diluted share, for the second quarter of 2025. Cash flow from operations totaled $38.5 million for the third quarter, compared to cash flow from operations of $22.6 million for the corresponding period a year ago, and cash flow from operations of $65.2 million in the second quarter of 2025. Capital expenditures for the third quarter totaled $4.0 million, compared to $8.4 million for the corresponding period a year ago and $6.2 million for the second quarter of 2025. Stock repurchases for the third quarter totaled $15.6 million, compared with $17.5 million for the second quarter of 2025. Cash and cash equivalents as of September 30, 2025 increased 7.0% sequentially to approximately $362.4 million compared to approximately $338.5 million as of June 30, 20...

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