NVIDIA-supplier Vicor Corp (VICR) slammed on backlog and cautious AI tone, prompting downgrade

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Go back to NVIDIA-supplier Vicor Corp (VICR) slammed on backlog and cautious AI tone, prompting downgrade

Vicor Corporation Reports Results for the Third Quarter Ended September 30, 2023

October 24, 2023 4:05 PM EDT

ANDOVER, Mass., Oct. 24, 2023 (GLOBE NEWSWIRE) -- Vicor Corporation (NASDAQ: VICR) today reported financial results for the third quarter ended September 30, 2023. These results will be discussed later today at 5:00 p.m. Eastern Time, during managements quarterly investor conference call. The details for the call are below.

Revenues for the third quarter ended September 30, 2023 totaled $107.8 million, a 4.6% increase from $103.1 million for the corresponding period a year ago, and a 1.0% sequential increase from $106.7 million in the second quarter of 2023.

Gross margin increased to $55.9 million for the third quarter of... More