Operating cash flow turned positive at USD 34 million from USD -3.9 million in Q1, which included a USD 28.6 million litigation award payment.
Backlog grew 26% sequentially to USD 380 million; CEO Patrizio Vinciarelli said demand is absorbing added ChiP fab capacity, prompting steps toward a second fab.
Q2 earnings and revenue rise sharply
Vicor posted Q2 net income of USD 49.8 million, or USD 1.04 per diluted share, versus USD 20.7 million, or USD 0.44, in Q1.
Revenue rose 26.9% sequentially to USD 143.4 million, while gross margin widened 2.8 percentage points to 58%.
Operating income climbed to USD 34.9 million from USD 16.9 million in Q1, while operating expenses increased to USD 48.2 million from USD 45.5 million.
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