Vicor Q2 Backlog Hits $380M, Signaling Strong Demand
VICR has more than doubled off its 52-week low of $41.76.
Summary
Vicor disclosed a Q2 backlog of $380 million, a concrete number that underscores robust demand. This follows the 8-K filed earlier today showing Q2 revenue of $143.4 million and net income of $49.8 million. The backlog figure provides forward visibility and suggests the revenue ramp is sustainable. With the stock near $242 and a market cap over $10 billion, the backlog represents about 2.6 quarters of current revenue, indicating strong order flow. The next catalyst is the Q2 earnings call, where management may provide Q3 guidance.
At the time of this announcement, VICR was trading at $242.72 on NASDAQ in the Technology sector, with a market capitalization of approximately $10.5B. The 52-week trading range was $41.76 to $382.65. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.