Vicor (VICR) AI Stock Analysis

• Market Cap: $2.15B
• Dividend Yield: N/A
• Average Volume (3M): 216.84K
• Price to Earnings (P/E): 93.5
• Beta (1Y): 1.73
• Revenue Growth: 14.62%
• EPS Growth: 572.04%
• Country: US
• Employees: 1,074
• Sector: Technology
• Sector Strength: 94
• Industry: Hardware, Equipment & Parts
• EPS (TTM): 0.91
• Shares Outstanding: 33,469,513
• 10 Day Avg. Volume: 181,801
• 30 Day Avg. Volume: 216,845
• PEG Ratio: 0.36
• Price to Book (P/B): 3.64
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 44.47
• Enterprise Value/Market Cap: 0.85
• Enterprise Value/Revenue: 1.82
• Enterprise Value/Gross Profit: 12.96
• Enterprise Value/Ebitda: 11.69
• 1Y Price Target: $55.00
• Price Target Upside: 21.68% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 2

• Rating: 73 Outperform
• Price Target: $50.00 ▲(10.62%Upside)

Vicor receives an overall score of 73. The company's strong financial stability and cash flow management are key strengths. However, mixed technical signals and high valuation metrics present potential concerns. The earnings call sentiment is balanced with both growth opportunities and challenges, including declining revenue and margin pressures.

Positive Factors

New Licensing Agreements

Royalty estimates increased as the company announced a hyperscaler as a second licensee, and also has received orders for NBM product from this customer.

Revenue Growth

The company expects to generate over $200 million in royalty/licensing related revenue at an 85% gross margin, representing a substantial return on investment.

Negative Factors

Product Delays

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

Tariffs Impact

A 10% surcharge on all shipments is set to commence in response to tariffs, representing increased risk to the goal of achieving a record revenue year.

Vicor Business Overview & Revenue Model

Company Description

Vicor Corporation (VICR) is a leading technology company specializing in the design, development, and manufacture of innovative power components and systems. Headquartered in Andover, Massachusetts, Vicor operates in the electronics and electrical equipment sector, providing high-performance power conversion solutions that are critical for various applications, including data centers, telecommunications, industrial automation, and automotive industries. The company's core products include power modules, power systems, and custom power solutions that enable the efficient transformation and management of power in electronic devices and systems.

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 strong profitability margins and cash flow despite declining revenue. The balance sheet remains robust with minimal leverage, and operational efficiency could improve further.

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

Vicor Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 45.20
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• 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 45.2 is below the 20-day moving average (MA) of 46.42, above the 50-day MA of 44.80, and below the 200-day MA of 49.02, indicating a neutral trend. The MACD of 0.55 indicates Positive momentum. The RSI at 45.94 is Neutral, neither overbought nor oversold. The STOCH value of 51.10 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
OSIS	75 Outperform	$3.64B	26.40	16.73%	―	14.93%	12.89%
TTMI	74 Outperform	$4.58B	63.39	5.02%	―	11.65%	―
VICR	73 Outperform	$2.15B	93.52	11.44%	―	14.62%	572.04%
ST	72 Outperform	$4.61B	38.51	4.20%	1.50%	-5.61%	―
BHE	69 Neutral	$1.43B	27.35	4.84%	1.72%	-7.36%	-20.46%
Sector *	63 Neutral	$34.27B	4.89	-11.70%	1.94%	5.41%	-20.02%
ROG	61 Neutral	$1.21B	71.33	1.34%	―	-8.06%	-75.10%

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.