Vicor (VICR) AI Stock Analysis

• Market Cap: $2.05B
• Dividend Yield: N/A
• Average Volume (3M): 221.73K
• Price to Earnings (P/E): 88.7
• Beta (1Y): 1.75
• Revenue Growth: -5.61%
• EPS Growth: -18.63%
• Country: US
• Employees: 1,074
• Sector: Technology
• Sector Strength: 88
• Industry: Hardware, Equipment & Parts
• EPS (TTM): 0.06
• Shares Outstanding: 33,469,513
• 10 Day Avg. Volume: 336,067
• 30 Day Avg. Volume: 221,728
• PEG Ratio: 0.34
• Price to Book (P/B): 3.43
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 41.94
• Enterprise Value/Market Cap: 0.83
• Enterprise Value/Revenue: 1.70
• Enterprise Value/Gross Profit: 12.12
• Enterprise Value/Ebitda: 10.93
• 1Y Price Target: $50.00
• Price Target Upside: 10.28% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 2

• Rating: 72 Outperform
• Price Target: $50.00 ▲(10.28%Upside)

Vicor's overall stock score is driven by strong financial stability and cash flow management, partially offset by declining revenue and challenges with operational efficiency. Technical indicators suggest short-term momentum, but long-term concerns remain. The high P/E ratio indicates potential overvaluation, and mixed earnings call sentiments highlight both opportunities and challenges.

Positive Factors

Licensing Agreements

Vicor signed a new hyperscaler licensee in 1Q25.

Patent Validation

The ITC confirmed that Vicor's U.S. patents are valid and infringed, leading to a bar on unlicensed computing systems with infringing power modules from being imported into the U.S.

Revenue Growth

The company expects to generate over $200 million in royalty/licensing related revenue at an 85% gross margin.

Negative Factors

Product Shipment Delays

The timeline for Gen 5 sample shipments to Vicor's lead customer has slipped from March to May.

Surcharge Implementation

A 10% surcharge on all shipments is set to commence in response to tariffs.

Tariffs

Tariffs represent increased risk to the goal of achieving a record revenue year.

Vicor Business Overview & Revenue Model

Company Description

Vicor Corporation, together with its subsidiaries, designs, develops, manufactures, and markets modular power components and power systems for converting electrical power in the United States, Europe, the Asia Pacific, and internationally. The company offers a range of brick-format DC-DC converters; complementary components; and input and output voltage, and output power products, as well as electrical and mechanical accessories. It also provides custom power systems solutions. The company serves independent manufacturers of electronic devices, original equipment manufacturers, and their contract manufacturers in the aerospace and aviation, defense electronics, industrial automation and equipment, instrumentation, test equipment, solid state lighting, telecommunications and networking infrastructure, and vehicles and transportation markets. Vicor Corporation was incorporated in 1981 and is headquartered in Andover, Massachusetts.

How the Company Makes Money

Vicor Corporation generates revenue primarily through the sale of its comprehensive range of power components and systems. The company's revenue model is centered around the production and distribution of power conversion products, including proprietary power modules and custom power systems designed to meet specific customer requirements. Key revenue streams include direct sales to end-users, as well as sales through distributors and resellers in various global markets. Vicor's earnings are significantly influenced by its ability to innovate and deliver high-quality, reliable power solutions that meet the evolving needs of industries such as data centers, telecommunications, and automotive. Strategic partnerships with leading technology companies and OEMs further bolster its revenue, enabling Vicor to expand its market reach and enhance its product offerings.

Vicor Financial Statement Overview

Summary

Vicor shows solid financial stability with a strong balance sheet and effective cash flow management. Despite a decline in revenue and modest profitability margins, the company maintains minimal leverage and high financial stability.

Income Statement

Vicor's income statement displays solid profitability with a gross profit margin of 49.6% and a net profit margin of 8.6% for the TTM. However, the revenue growth rate is concerning, declining from $405M to $283M in the TTM period. EBIT and EBITDA margins are modest at 5.1% and 10.2%, reflecting operational efficiency challenges.

Balance Sheet

The balance sheet is robust, with a low debt-to-equity ratio of 0.01, indicating minimal leverage. Return on Equity (ROE) is healthy at 4.2% in the TTM, although it has declined from previous years. The equity ratio is strong at 87.3%, suggesting high financial stability.

Cash Flow

Vicor demonstrates strong cash flow management, with a significant free cash flow increase to $47.5M in the TTM. The operating cash flow to net income ratio is 2.81, indicating effective cash generation from operations, but the free cash flow to net income ratio suggests potential room for improvement.

Breakdown	TTM	Jun 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	283.39M	169.73K	405.06M	399.08M	359.36M	296.58M
Gross Profit	140.51M	87.89K	204.93M	180.56M	178.20M	131.45M
EBITDA	28.79M	-15.90K	68.60M	40.20M	55.60M	17.37M
Net Income	24.34M	15.67K	53.59M	25.45M	56.63M	17.91M
Balance Sheet
Total Assets	665.04M	641.12M	594.89M	536.90M	477.20M	396.24M
Cash, Cash Equivalents and Short-Term Investments	296.10M	277.27M	242.22M	190.61M	227.63M	211.91M
Total Debt	7.03M	7.34M	8.23M	8.46M	4.78M	4.60M
Total Liabilities	84.47M	70.83M	53.78M	72.56M	53.30M	45.08M
Stockholders Equity	580.31M	570.07M	540.87M	464.09M	423.60M	350.82M
Cash Flow
Free Cash Flow	47.51M	27.24M	40.49M	-41.03M	6.68M	5.89M
Operating Cash Flow	68.39M	50.84M	73.94M	22.94M	54.44M	34.55M
Investing Cash Flow	-20.88M	-23.60M	-33.45M	-18.97M	-43.66M	-78.62M
Financing Cash Flow	9.40M	7.99M	11.19M	4.44M	10.09M	121.04M

Vicor Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 45.34
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For VICR, the sentiment is Negative. The current price of 45.34 is above the 20-day moving average (MA) of 45.10, above the 50-day MA of 44.35, and below the 200-day MA of 48.47, indicating a neutral trend. The MACD of 0.45 indicates Negative momentum. The RSI at 51.93 is Neutral, neither overbought nor oversold. The STOCH value of 59.77 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for VICR.

Vicor Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TTMI	76 Outperform	$4.13B	54.25	5.02%	―	11.65%	―
OSIS	75 Outperform	$3.81B	27.58	16.73%	―	14.93%	12.89%
ST	73 Outperform	$4.55B	37.96	4.20%	1.59%	-5.61%	―
VICR	72 Outperform	$2.05B	88.71	4.16%	―	-5.61%	-18.63%
BHE	69 Neutral	$1.40B	26.79	4.84%	1.75%	-7.36%	-20.46%
ROG	63 Neutral	$1.27B	75.40	1.34%	―	-8.06%	-75.10%
Sector *	50 Neutral	AU$1.48B	1.33	-28.24%	3.27%	16.24%	-7.89%

Vicor Corporate Events

Vicor Elects Eleven Directors at Annual Meeting

The 2025 Annual Meeting of Stockholders for Vicor was held on June 20, 2025, where stockholders voted on a proposal to fix the number of directors at eleven and elect the nominees to serve until the 2026 meeting. All eleven nominees were successfully elected with varying numbers of votes in favor and withheld, with no broker non-votes or abstentions recorded.

The most recent analyst rating on (VICR) stock is a Hold with a $43.00 price target. To see the full list of analyst forecasts on Vicor stock, see the VICR Stock Forecast page.