On July 21, Vicor Corporation fell 10% in regular trading, trading at 209.49 USD/share, with turnover of $116 million. Despite reporting Q2 results that significantly beat expectations, the stock reversed sharply from pre-market gains of approximately 6%, forming a classic sell-the-news pattern.
The company posted Q2 EPS of $1.04 per diluted share, beating the analyst consensus of $0.64 by 62.5%. Total net revenue reached $143.4 million versus expectations of $138.4 million. Backlog surged 145% year-over-year, driven by AI computing power demand. Net income came in at $49.8 million with operating cash flow of $34 million.
However, the strong results were insufficient to offset persistent selling pressure from major shareholder VINCIARELLI PATRIZIO, who holds over 10% of outstanding shares and has been conducting sustained large-scale disposals. The stock had already retreated significantly from its $303.42 high, and the earnings release triggered concentrated profit-taking as residual selling pressure remained undigested.
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