Vicor reported 20% revenue growth and a 70% quarterly backlog jump, driving investor enthusiasm amid AI infrastructure expansion.
Vicor Corporation (NASDAQ:VICR) posted a 20% year-over-year increase in product and royalty revenue in its latest quarter, alongside a gross margin rise to 55.2% from 47.2%. The company also delivered a 7-cent earnings beat on a 37-cent basis and saw its one-quarter backlog surge 70%.
Analysts noted Vicor’s strong ties to AI infrastructure, particularly its relationship with AI accelerator firm Cerebras, which is set to go public. The company’s role in power delivery for dense AI chips has fueled optimism, though its valuation remains elevated at 25 times sales estimates and over 100 times forward earnings.
Shares have attracted attention as AI demand drives growth, though some market participants suggest waiting for a pullback before entering positions.