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Vicor

VICR

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.

Market cap
$9.54B+125%
Revenue$560.7M+27.0%
Net income$180.3M+119%
Free cash flow$50.8M-56.7%
EPS (diluted)$3.83+109%
Trailing twelve months · change vs. prior year

Earnings

Next report

Date not yet announced

Financials

Q3 2026

Income statement

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Revenue$197.1M+78.5%
Gross profit$134.7M+112%
Operating income$72.1M+245%
Net income$63.3M+124%
EPS (diluted)$1.33+111%

Balance sheet

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Cash & equivalents$513.1M+41.6%
Total debt$7.2M-2.7%
Total equity$906.3M+43.8%
Total assets$981.6M+38.2%

Cash flow

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Operating cash flow$50.2M+30.3%
CapEx$16.1M+301%
Free cash flow$34.0M-1.3%

Valuation & ratios

Valuation

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Market cap$9.54B+125%
Enterprise value$9.03B+141%
P/E52.9×+3.0×
P/S17×+7.7×

Profitability

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Gross margin60.6%+3.9pp
Operating margin24.9%—
Net margin32.2%+13.5pp
FCF margin9.1%-17.5pp

Returns & leverage

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Return on equity23.5%+9.6pp
Debt / equity0×0.0×
Current ratio11.4×+3.9×

Segments

By geography

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Country Us$125.9M+99.2%
Asia Pacific$47.8M+34.9%
Europe$21.9M+101%
All Other Countries$1.6M+68.4%

By product

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Direct Customers Contract Manufacturers And Non Stocking Distributors$89.2M+69.3%
Royalties$66.6M+207%
Stocking Distributors Net Of Sales Allowances$40.9M+16.2%
Non Recurring Engineering$462.0K-17.5%

By segment

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Advancedproducts$138.9M+112%
Brickproducts$58.3M+29.7%

Competitors

Profile

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.

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.

GeographiesUnited States, Japan, China, Hong Kong
Customer segmentsEnterprise, Government, Industrial, Automotive
Business modelManufacturing, IP Licensing
SuppliersSemiconductor wafer foundries, Electronic component suppliers, Magnetic structure manufacturers, Raw material providers for packaging
CustomersOriginal Equipment Manufacturers (OEMs), Contract Manufacturers, Data Center Operators, Cloud Service Providers
Listed1983
Employees1.1K
CEOPatrizio Vinciarelli
FilingsSEC EDGAR

FAQ

What is Vicor's market cap?
Vicor (VICR) has a market capitalization of $9.5B and trades on NASDAQ.
What is Vicor's revenue and profitability?
Vicor generated $560.7M in trailing twelve-month revenue with net income of $180.3M, representing a net margin of 32.2%. Gross margin stands at 60.6%, with free cash flow of $50.8M. The latest reported period is Q3 2026.
Who are Vicor's competitors?
Vicor's key competitors include Bel Fuse Inc, Analog Devices, Texas Instruments, and others. These companies compete in similar markets and product categories.
What subsidiaries does Vicor have?
Vicor's subsidiaries include VICR Securities Corporation, Freedom Power Systems, Inc., Northwest Power, Inc., and others.
Where is Vicor headquartered?
Vicor is headquartered in United States of America and employs approximately 1,088 people. It has been publicly traded since 1983.