Vicor (VICR) AI Stock Analysis

• Market Cap: $3.95B
• Dividend Yield: N/A
• Average Volume (3M): 298.98K
• Price to Earnings (P/E): 48.4
• Beta (1Y): 1.64
• Revenue Growth: 11.55%
• EPS Growth: 1745.46%
• Country: US
• Employees: 1,074
• Sector: Technology
• Sector Strength: 88
• Industry: Hardware, Equipment & Parts
• EPS (TTM): 0.63
• Shares Outstanding: 32,925,915
• 10 Day Avg. Volume: 328,147
• 30 Day Avg. Volume: 298,980
• PEG Ratio: -4.00
• Price to Book (P/B): 3.81
• Price to Sales (P/S): 6.04
• P/FCF Ratio: 79.67
• Enterprise Value/Market Cap: 0.43
• Enterprise Value/Revenue: 3.88
• Enterprise Value/Gross Profit: 6.85
• Enterprise Value/Ebitda: 17.49
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 2
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 73 Outperform
• Price Target: $102.00 ▲(75.74% Upside)

Vicor's overall stock score reflects its strong financial performance and positive earnings call sentiment, which are offset by technical indicators suggesting overbought conditions and a high valuation. The company's robust cash position and growth in licensing revenue are significant strengths, while the high P/E ratio and absence of a dividend yield present valuation concerns.

Positive Factors

Revenue Growth

The year-over-year revenue growth indicates strong demand for Vicor's products, suggesting a solid market position and potential for sustained future growth.

Licensing Revenue

The growth in licensing revenue enhances Vicor's income diversification and provides a stable, high-margin revenue stream, supporting long-term profitability.

Strong Cash Position

A robust cash position provides Vicor with financial flexibility to invest in growth opportunities, manage debt, and weather economic downturns.

Negative Factors

Sequential Revenue Decline

The sequential decline in revenue may indicate potential challenges in sustaining growth momentum, impacting short-term financial performance.

Decrease in Gross Margin

A declining gross margin could pressure profitability if not addressed, potentially affecting long-term financial health and competitive positioning.

Under-Utilization Challenges

Under-utilization of manufacturing capacity can lead to inefficiencies and higher costs, which may hinder operational performance and margin sustainability.

Vicor Business Overview & Revenue Model

Company Description

Vicor Corporation (VICR) is a leading provider of high-performance power management solutions. The company specializes in designing and manufacturing advanced power conversion and management products, primarily for the telecommunications, data center, automotive, and industrial sectors. Vicor's core offerings include modular power systems, power components, and integrated circuits that facilitate efficient power delivery to various electronic devices and systems.

How the Company Makes Money

Vicor generates revenue primarily through the sale of its power management products, which include AC-DC power supplies, DC-DC converters, and custom power solutions. The company operates on a business model that focuses on high-value, high-margin products, catering to industries that require reliable and efficient power solutions. Key revenue streams include direct sales to OEMs (Original Equipment Manufacturers), distribution partnerships, and long-term contracts with major clients in sectors such as telecommunications and data centers. Additionally, Vicor benefits from engineering and design services, providing tailored solutions to meet specific customer needs. Strategic partnerships with technology firms enhance Vicor's market reach and innovation capabilities, contributing positively to its overall earnings.

Vicor Financial Statement Overview

Summary

Vicor demonstrates strong financial health with robust profitability, a solid balance sheet, and efficient cash flow management. The company has shown consistent revenue growth and maintains low leverage, positioning it well for future opportunities. However, historical fluctuations in operational efficiency and cash flow present potential risks.

Income Statement

Vicor's income statement shows strong profitability with a TTM gross profit margin of 51.78% and a net profit margin of 20.75%. The company has demonstrated consistent revenue growth, with a TTM revenue growth rate of 4.55%. The EBIT and EBITDA margins are healthy, indicating efficient operations. However, the previous year's EBIT was negative, which suggests some volatility in operational efficiency.

Balance Sheet

The balance sheet reflects a solid financial position with a low debt-to-equity ratio of 0.0117, indicating minimal leverage. The return on equity (ROE) is strong at 13.78%, showcasing effective use of equity to generate profits. The equity ratio is robust, suggesting a stable capital structure. However, the slight increase in debt over the years could be monitored for future leverage risks.

Cash Flow

Vicor's cash flow statement is strong, with a significant free cash flow growth rate of 20.95% TTM, indicating improved cash generation. The operating cash flow to net income ratio of 1.90 suggests efficient cash conversion. The free cash flow to net income ratio is high at 0.88, reflecting good cash profitability. However, historical fluctuations in free cash flow growth highlight potential volatility in cash management.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	441.60M	359.06M	405.06M	399.08M	359.36M	296.58M
Gross Profit	250.37M	184.00M	204.93M	180.56M	178.20M	131.45M
EBITDA	97.98M	36.82M	68.60M	47.48M	67.31M	28.42M
Net Income	82.28M	6.13M	53.59M	25.45M	56.63M	17.91M
Balance Sheet
Total Assets	710.25M	641.12M	594.89M	536.90M	477.20M	396.24M
Cash, Cash Equivalents and Short-Term Investments	362.38M	277.27M	242.22M	190.61M	227.63M	211.91M
Total Debt	7.36M	7.34M	8.23M	8.46M	4.78M	4.60M
Total Liabilities	79.89M	70.83M	53.78M	72.56M	53.30M	45.08M
Stockholders Equity	630.08M	570.07M	540.87M	464.09M	423.60M	350.82M
Cash Flow
Free Cash Flow	117.45M	27.24M	40.49M	-41.03M	6.68M	5.89M
Operating Cash Flow	133.96M	50.84M	73.94M	22.94M	54.44M	34.55M
Investing Cash Flow	-16.51M	-23.60M	-33.45M	-18.97M	-43.66M	-78.62M
Financing Cash Flow	-22.60M	7.99M	11.19M	4.44M	10.09M	121.04M

Vicor Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 58.04
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• 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 Positive. The current price of 58.04 is below the 20-day moving average (MA) of 77.05, below the 50-day MA of 61.49, and above the 200-day MA of 51.50, indicating a bullish trend. The MACD of 10.19 indicates Negative momentum. The RSI at 65.67 is Neutral, neither overbought nor oversold. The STOCH value of 49.25 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for VICR.

Vicor Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BELFA	79 Outperform	$1.91B	26.48	16.40%	0.18%	23.70%	14.78%
OSIS	78 Outperform	$4.71B	31.92	17.58%	―	9.37%	15.70%
BELFB	74 Outperform	$1.91B	29.78	16.40%	0.18%	23.70%	14.78%
VICR	73 Outperform	$3.95B	48.40	13.89%	―	11.55%	1745.46%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
PENG	57 Neutral	$1.14B	77,513.97	6.17%	―	16.91%	―
ROG	56 Neutral	$1.48B	-22.69	-5.34%	―	-4.87%	-235.48%

Vicor Corporate Events

Vicor’s Earnings Call: Growth Amid Challenges

Vicor’s recent earnings call painted a mixed picture of the company’s financial health. While there were notable achievements in IP licensing and year-over-year revenue growth, challenges such as sequential revenue decline and margin compression were also evident. Despite these hurdles, the company remains optimistic due to its strong cash flow and growth in licensing revenue.

Vicor Corporation Reports Strong Q3 2025 Earnings

Vicor Corporation, based in Andover, Massachusetts, specializes in designing, developing, and marketing modular power components and complete power systems for various sectors, including high-performance computing and telecommunications. In its latest earnings report, Vicor announced a significant increase in product revenues and licensing income for the third quarter of 2025, totaling $110.4 million, an 18.5% rise from the same period last year. However, this marks a 21.7% decrease from the previous quarter, which had benefited from a substantial patent litigation settlement.