Vicor Corp (VICR) Misses Q4 EPS by 6c, Revenues Miss

Vicor Corp (NASDAQ: VICR) reported Q4 EPS of $0.03, $0.06 worse than the analyst estimate of $0.09. Revenue for the quarter came in at $63.1 million versus the consensus estimate of $68.02 million.

Commenting on fourth quarter performance and the company’s outlook, Dr. Patrizio Vinciarelli, Chairman and Chief Executive Officer, stated, “Vicor’s Q4 revenues were influenced by continuing headwinds related to tariffs and trade restrictions and rescheduling of programs now due to ramp starting in Q2. Bookings came in as expected but near-term visibility is clouded by the potential impact of the coronavirus on China and the global economy.”

Dr. Vinciarelli continued, “Q4 highlights included an all-encompassing list of customers seeking power system solutions to high current ASICs and AI accelerators for hyper-scale computing and automotive OEMs seeking power system solutions for autonomous driving and electric vehicles. The pace of design wins and breadth of customer engagements in high growth markets like AI and automotive reflects adoption of 48V Factorized Power and traction for our modular power system methodology, uniquely capable to efficiently address requirements from Mega-Watt power sources to Kilo-Amp loads.”

For earnings history and earnings-related data on Vicor Corp (VICR) click here.

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