Vicor (VICR) AI Stock Analysis

• Market Cap: $2.18B
• Dividend Yield: N/A
• Average Volume (3M): 389.14K
• Price to Earnings (P/E): 33.4
• Beta (1Y): 1.58
• Revenue Growth: 2.46%
• EPS Growth: 572.04%
• Country: US
• Employees: 1,074
• Sector: Technology
• Sector Strength: 97
• Industry: Hardware, Equipment & Parts
• EPS (TTM): 0.91
• Shares Outstanding: 33,180,546
• 10 Day Avg. Volume: 443,017
• 30 Day Avg. Volume: 389,144
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: 0.79
• Enterprise Value/Revenue: 6.05
• Enterprise Value/Gross Profit: 12.20
• Enterprise Value/Ebitda: 59.54
• 1Y Price Target: $54.00
• Price Target Upside: 9.14% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3

• Rating: 77 Outperform
• Price Target: $53.00 ▲(7.11% Upside)

Vicor's overall stock score reflects strong financial stability and a positive earnings outlook, particularly due to a significant revenue boost from a patent settlement. However, high valuation metrics and technical weaknesses, along with challenges in the China market, temper the overall positive aspects.

Positive Factors

Financial Performance

Vicor announced that 2025 should be a record year for both revenue and profitability.

Licensing Agreements

Vicor signed a new hyperscaler licensee in 1Q25, which could enhance future royalty revenue.

Patent Settlement

Received a $45 million patent infringement settlement payment from Delta, bolstering financial position.

Negative Factors

Order Reductions

2Q25 B2B decreased due to Chinese customers postponing and canceling orders, impacting sales.

Product Delays

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

Tariffs

A 10% surcharge on all shipments is set to commence in response to tariffs, potentially increasing costs.

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's financial performance is stable with strong profitability margins and an excellent balance sheet. Despite a concerning decline in revenue growth, the company maintains strong cash flow management and minimal leverage, indicating 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	Jun 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	359.06M	405.06M	399.08M	359.36M	296.58M
Gross Profit	184.00M	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: Positive
• Last Price: 49.48
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

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 49.48 is above the 20-day moving average (MA) of 46.85, above the 50-day MA of 46.05, and above the 200-day MA of 49.39, indicating a bullish trend. The MACD of 0.42 indicates Negative momentum. The RSI at 59.56 is Neutral, neither overbought nor oversold. The STOCH value of 87.52 is Negative, 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
VICR	77 Outperform	$2.18B	33.37	11.44%	―	2.46%	572.04%
TTMI	76 Outperform	$4.82B	52.33	5.89%	―	14.24%	424.78%
OSIS	72 Outperform	$3.91B	28.36	16.73%	―	14.93%	12.89%
ST	69 Neutral	$4.55B	41.15	3.78%	1.63%	-7.23%	1278.91%
BHE	69 Neutral	$1.42B	37.84	3.49%	1.71%	-5.95%	-43.46%
Sector *	61 Neutral	$36.32B	7.12	-9.36%	1.97%	7.79%	-9.36%
ROG	57 Neutral	$1.36B	72.21	-5.25%	―	-7.61%	-212.91%

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.