Vicor Corporation Reports Results for the Third Quarter Ended September 30, 2023
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NVIDIA-supplier Vicor Corp (VICR) slammed on backlog and cautious AI tone, prompting downgrade
October 25, 2023 9:20 AM EDTNVIDIA-supplier Vicor Corp (NASDAQ: VICR) plunged 22% early Wednesday following in-line results and guidance, but bookings and backlog that was "underwhelming," according to analysts. Further, the management's tone on the recent AI platform win, which is now thought to be NVIDIA's GH200 "appeared more cautious." The results and comments prompted Needham & Company analyst N. Quinn Bolton to downgrade the stock from Buy to Hold, noting next... More
Vicor Corp (VICR) Tops Q3 EPS by 4c
October 24, 2023 4:12 PM EDTVicor 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
