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

Needham & Company Downgrades Vicor Corporation (VICR) to Hold, '2024 Looks To Be A Transition Year'

October 25, 2023 8:34 AM EDT

(Updated - October 25, 2023 8:34 AM EDT)

Needham & Company analyst N. Quinn Bolton downgraded Vicor Corporation (NASDAQ: VICR) from Buy to Hold.

The analyst comments "Vicor reported inline 3Q23 results and 4Q23 guidance, but bookings and backlog were underwhelming and management's... More

Vicor Corp (VICR) Tops Q3 EPS by 4c

October 24, 2023 4:12 PM EDT

Vicor Corp (NASDAQ: VICR) reported Q3 EPS of $0.37, $0.04 better than the analyst estimate of $0.33. Revenue for the quarter came in at $107.8 million versus the consensus estimate of $106.6 million.

Commenting on third quarter performance, Chief Executive Officer Dr. Patrizio Vinciarelli stated: While Q3... More