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Vicor

VICRNASDAQStock Fundamentals

Vicor Corp designs, develops, and manufactures modular power components and complete power systems used to convert electrical power for a wide range of electronic devices. The company provides highly differentiated solutions that optimize power density, efficiency, and thermal performance through proprietary architectures and packaging technologies. Its value proposition centers on a modular design methodology that enables customers to rapidly develop advanced power systems with a low total cost of ownership.

Market Cap$15.6B
Revenue TTM$471.7M
Net Income TTM$136.7M
P/E Ratio114.08
Net Margin28.98%
EPS TTM$3.00
Free Cash Flow TTM$87.3M
Employees1.1K
CEOPatrizio Vinciarelli
CountryUnited States of America
Technology
Hardware, Equipment & Parts
SegmentsSemiconductors, Electrical Equipment, Hardware
Business ModelsManufacturing, IP Licensing
Most Recent EarningsApr 21, 2026 · 1 month 11 days agoQ1 2026
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Next EarningsJul 28, 2026 · in 2 monthsQ2 2026

Financials

Based on Q1 2026 filing

Gross Margin58.81%
Op. Margin20.96%
ROE20.49%
D/E0.95%
Current Ratio14.30
Total Debt$7.1M
Cash$404.2M
CapEx TTM$28.2M

Gross Profit

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Net Income

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Operating Cash Flow

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Free Cash Flow

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EPS (Diluted)

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Business Segments

Advanced Products

primary

Innovative products used to implement the proprietary Factorized Power Architecture (FPA), focusing on high-performance computing and high-current loads. These products are designed for applications where energy efficiency and computing density are critical priorities.

Products

PRM Pre-Regulator Module, VTM Voltage Transformation Module, MCD Modular Current Driver, MCM Modular Current Multiplier, Power-on-Package, Vertical Power Delivery solutions

Customers

Hyperscalers, Data center operators, AI accelerator card manufacturers, Aerospace and defense contractors, Electric vehicle manufacturers

Brick Products

major

Integrated power converters in standard form factors used in conventional power architectures such as Centralized, Distributed, and Intermediate Bus Architectures. These products serve mature market segments requiring high reliability and mass customization.

Products

Brick-format DC-DC converters, AC line rectification components, Input filtering modules, Power factor correction modules, Configurable product line

Customers

Industrial equipment manufacturers, Transportation and rail companies, Instrumentation and test equipment providers, Military and avionics OEMs

Segment Financials

Advancedproducts — Revenue

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Asia Pacific — Revenue

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Brickproducts — Revenue

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Direct Customers Contract Manufacturers And Non Stocking Distributors — Revenue

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Business Overview

Competitive Position

Vicor positions itself as a high-performance alternative to commodity power solutions, leveraging proprietary switching topologies and modular components to achieve superior power density.

Geographies

United States, Japan, China, Hong Kong

Customer Segments

Enterprise, Government, Industrial, Automotive

Upstream Dependencies

Semiconductor wafer foundries, Electronic component suppliers, Magnetic structure manufacturers, Raw material providers for packaging

Downstream Customers

Original Equipment Manufacturers (OEMs), Contract Manufacturers, Data Center Operators, Cloud Service Providers

Competitors & Partners

Subsidiaries

V

VICR Securities Corporation

Investment subsidiary located in Massachusetts

F

Freedom Power Systems, Inc.

Vicor Custom Power subsidiary located in Texas

N

Northwest Power, Inc.

Vicor Custom Power subsidiary located in Oregon

V

Vicor Japan Company, Ltd.

92.5%-owned subsidiary for the Japanese market

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Vicor FAQ

Common questions about Vicor

Vicor Corp designs, develops, and manufactures modular power components and complete power systems used to convert electrical power for a wide range of electronic devices. The company provides highly differentiated solutions that optimize power density, efficiency, and thermal performance through proprietary architectures and packaging technologies. Its value proposition centers on a modular design methodology that enables customers to rapidly develop advanced power systems with a low total cost of ownership.

Vicor (VICR) has a market capitalization of $15.6B and trades on NASDAQ.

Vicor generated $471.7M in trailing twelve-month revenue with net income of $136.7M, representing a net margin of 29.0%. Gross margin stands at 58.8%, with free cash flow of $87.3M. These figures are based on the Q1 2026 filing.

Vicor's key competitors include Analog Devices, Texas Instruments, Amkor Technology Inc, and others. These companies compete in similar markets and product categories.

Vicor has approximately 1,088 employees.