olivLaw · US equity research
Vicor Corporation VICR
Electronic Components, NEC · SIC 3679 · Vertical: Electronic Components, NEC (SIC 3679)
Vicor designs and sells modular components and power systems that convert electrical power, with a focus on its proprietary FPA architecture for AI processors. The company reported total net revenues of $407.7 million in 2025 and strong growth in backlog and gross margin in the third quarter of 2026.
At the close of 04 Nov 2026, Vicor Corporation (VICR) stock was 159.07 USD (−11.14% on the day), with market capitalisation 4.3 bn USD, P/E 41.7 on diluted EPS of 3.82 USD over the last 12 months, dividend yield 0.00%, beta 2.39, 52-week range 83.28–379.78 USD. Latest reported quarter (Q3 2026): revenue of 197.1 m USD (+78.5% YoY), net income of 63.3 m USD (+123.8% YoY), diluted EPS 1.33 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 34.0
- weak (30–45)
- Bollinger (20, 2)
- 145.42 – 275.61
- in the lower half of the band · %B 0.10 · band width 61.8%
- SMA 50 / 200
- 223.19 / 227.67
- downtrend (price < SMA50 < SMA200)
- MACD (12, 26, 9)
- -18.15 / -13.34
- MACD below signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | −48.0% | −1.1% | −46.9 pp | — |
| 3 months | −27.4% | −0.5% | −26.9 pp | — |
| 6 months | −43.3% | +4.4% | −47.7 pp | — |
| Year to date | +45.1% | +12.3% | +32.8 pp | — |
| 1 year | +80.0% | +13.5% | +66.5 pp | +9.6% |
| 3 years | +306.1% | +76.4% | +229.7 pp | +31.5% |
| 5 years | +2.6% | +63.7% | −61.1 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q3 2026 · 30 Sept 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 96.2 m | 94.0 m | 141.0 m | 110.4 m | 107.3 m | 113.0 m | 143.4 m | 197.1 m |
| Cost of revenue | 45.8 m | 49.6 m | 48.9 m | 46.9 m | 47.8 m | 50.6 m | 60.2 m | 62.4 m |
| Gross profit | 50.4 m | 44.4 m | 92.1 m | 63.5 m | 59.4 m | 62.4 m | 83.1 m | 134.7 m |
| Research & development | 17.0 m | 19.4 m | 18.8 m | 19.9 m | 20.5 m | 22.3 m | 20.6 m | 24.0 m |
| SG&A | 24.2 m | 25.1 m | 28.0 m | 22.7 m | 23.2 m | 23.2 m | 27.6 m | 38.6 m |
| Operating income | 9.2 m | -149.0 k | 45.4 m | 20.9 m | 15.7 m | 16.9 m | 34.9 m | 72.1 m |
| Depreciation & amortisation | 4.6 m | 5.2 m | 5.2 m ≈ | 5.2 m ≈ | 5.2 m | 5.3 m | 5.4 m ≈ | 5.5 m ≈ |
| Pre-tax income | 11.8 m | 3.0 m | 49.0 m | 23.3 m | 19.2 m | 20.4 m | 38.9 m | 78.7 m |
| Income tax | 1.5 m | 424.0 k | 7.8 m | -5.0 m | -27.3 m | -273.0 k | -10.9 m | 15.4 m |
| Net income | 10.2 m | 2.5 m | 41.2 m | 28.3 m | 46.5 m | 20.7 m | 49.8 m | 63.3 m |
| Diluted EPS | 0.22 ≈ | 0.06 | 0.91 | 0.63 | 1.01 ≈ | 0.44 | 1.04 | 1.33 |
| Operating cash flow | 10.1 m | 20.1 m | 65.2 m ≈ | 38.5 m ≈ | 15.7 m | -3.9 m | 34.1 m ≈ | 50.2 m ≈ |
| Capex | 1.7 m | 4.6 m | 6.2 m ≈ | 4.0 m ≈ | 5.5 m | 12.4 m | 11.2 m ≈ | 16.1 m ≈ |
| Share repurchases | 0 | — | — | 15.4 m ≈ | 2.2 m | — | — | 0 ≈ |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 11 percentile of its own 36-quarter history (min 27.3, median 91.7, max 2,549.8; quarters with earnings only).
Fiscal years
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 291.2 m | 263.0 m | 296.6 m | 359.4 m | 399.1 m | 405.1 m | 359.1 m | 452.7 m |
| Revenue YoY | +27.8% | −9.7% | +12.8% | +21.2% | +11.1% | +1.5% | −11.4% | +26.1% |
| Net income | 31.7 m | 14.1 m | 17.9 m | 56.6 m | 25.4 m | 53.6 m | 6.1 m | 118.6 m |
| Net income YoY | +18,897.0% | −55.6% | +27.0% | +216.2% | −55.1% | +110.6% | −88.6% | +1,834.3% |
| Diluted EPS | 0.78 | 0.34 | 0.41 | 1.26 | 0.57 | 1.19 | 0.14 | 2.61 |
| Diluted EPS YoY | unavailable | −56.4% | +20.6% | +207.3% | −54.8% | +108.8% | −88.2% | +1,764.3% |
| net % | 10.9% | 5.4% | 6.0% | 15.8% | 6.4% | 13.2% | 1.7% | 26.2% |
| Free cash flow | 18.0 m | 9.7 m | 6.1 m | 6.7 m | -41.0 m | 41.1 m | 27.2 m | 119.2 m |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 402.8 m USD
- Financial debt
- unavailable USD
- Net debt
- unavailable USD
- Equity
- 711.8 m USD
- Total assets
- 785.8 m USD
- Debt / equity
- unavailable
- Current ratio
- 8.99x
- ROE
- 18.5%
- ROA
- 16.6%
- FCF margin
- 26.3%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 296.6 m | 359.4 m | 399.1 m | 405.1 m | 359.1 m | 452.7 m | SEC (XBRL)· 02 Mar 2026verified |
| Cost of revenue | 165.1 m | 181.2 m | 218.5 m | 200.1 m | 175.1 m | 193.3 m | SEC (XBRL)· 02 Mar 2026verified |
| Gross profit | 131.4 m | 178.2 m | 180.6 m | 204.9 m | 184.0 m | 259.4 m | SEC (XBRL)· 02 Mar 2026verified |
| Research & development | 50.9 m | 53.1 m | 60.6 m | 67.9 m | 68.9 m | 78.6 m | SEC (XBRL)· 02 Mar 2026verified |
| SG&A | 63.2 m | 69.5 m | 86.3 m | 85.7 m | 96.9 m | 99.0 m | SEC (XBRL)· 02 Mar 2026verified |
| Operating income | 17.4 m | 55.6 m | 27.2 m | 51.4 m | -1.3 m | 81.8 m | SEC (XBRL)· 02 Mar 2026verified |
| Depreciation & amortisation | 11.1 m | 11.7 m | 13.8 m | 17.2 m | 18.6 m | 20.8 m | SEC (XBRL)· 02 Mar 2026verified |
| EBITDA | 28.4 m ≈ | 67.3 m ≈ | 41.0 m ≈ | 68.6 m ≈ | 17.3 m ≈ | 102.6 m ≈ | SEC (XBRL)· 02 Mar 2026derived |
| Pre-tax income | 18.5 m | 56.8 m | 28.7 m | 60.2 m | 10.5 m | 94.6 m | SEC (XBRL)· 02 Mar 2026verified |
| Income tax | 539.0 k | 176.0 k | 3.3 m | 6.6 m | 4.3 m | -24.0 m | SEC (XBRL)· 02 Mar 2026verified |
| Net income | 17.9 m | 56.6 m | 25.4 m | 53.6 m | 6.1 m | 118.6 m | SEC (XBRL)· 02 Mar 2026verified |
| Diluted EPS | 0.41 | 1.26 | 0.57 | 1.19 | 0.14 | 2.61 | SEC (XBRL)· 02 Mar 2026verified |
| Weighted average diluted shares | 43.9 m | 45.0 m | 44.9 m | 45.0 m | 45.2 m | 45.5 m | SEC (XBRL)· 02 Mar 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 161.7 m | 182.4 m | 190.6 m | 242.2 m | 277.3 m | 402.8 m | SEC (XBRL)· 02 Mar 2026verified |
| Receivables | 41.0 m | 55.1 m | 65.4 m | 52.6 m | 52.9 m | 60.7 m | SEC (XBRL)· 02 Mar 2026verified |
| Inventories | 57.3 m | 67.3 m | 101.4 m | 106.6 m | 106.0 m | 91.3 m | SEC (XBRL)· 02 Mar 2026verified |
| Current assets | 316.9 m | 356.8 m | 362.6 m | 420.4 m | 463.0 m | 587.4 m | SEC (XBRL)· 02 Mar 2026verified |
| Property, plant & equipment, net | 74.8 m | 116.0 m | 166.0 m | 157.7 m | 152.7 m | 147.7 m | SEC (XBRL)· 02 Mar 2026verified |
| Total assets | 396.2 m | 477.2 m | 536.9 m | 594.9 m | 641.1 m | 785.8 m | SEC (XBRL)· 02 Mar 2026verified |
| Accounts payable | 14.1 m | 21.2 m | 22.2 m | 12.1 m | 8.7 m | 12.3 m | SEC (XBRL)· 02 Mar 2026verified |
| Current liabilities | 40.5 m | 49.1 m | 64.5 m | 44.2 m | 61.8 m | 65.3 m | SEC (XBRL)· 02 Mar 2026verified |
| Total liabilities | 45.1 m | 53.3 m | 72.6 m | 53.8 m | 70.8 m | 74.0 m | SEC (XBRL)· 02 Mar 2026verified |
| Equity | 351.2 m | 423.9 m | 464.3 m | 541.1 m | 570.3 m | 711.8 m | SEC (XBRL)· 02 Mar 2026verified |
Cash flow · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 34.7 m | 54.4 m | 22.9 m | 74.5 m | 50.8 m | 139.5 m | SEC (XBRL)· 02 Mar 2026verified |
| Capex | 28.7 m | 47.8 m | 64.0 m | 33.5 m | 23.6 m | 20.3 m | SEC (XBRL)· 02 Mar 2026verified |
| Free cash flow | 6.1 m ≈ | 6.7 m ≈ | -41.0 m ≈ | 41.1 m ≈ | 27.2 m ≈ | 119.2 m ≈ | SEC (XBRL)· 02 Mar 2026derived |
| Investing cash flow | -78.8 m | -43.7 m | -19.0 m | -33.5 m | -23.6 m | -20.3 m | SEC (XBRL)· 02 Mar 2026verified |
| Financing cash flow | 121.0 m | 10.1 m | 4.4 m | 10.6 m | 8.0 m | 6.3 m | SEC (XBRL)· 02 Mar 2026verified |
| Share repurchases | — | — | 0 | 0 | 497.0 k | 35.2 m | SEC (XBRL)· 02 Mar 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
4 indicators that do not apply to the sector.
Valuation
olivLaw classification
- valuation methods computed: 0 of at least 1
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 4.3 bn USD
Key indicators
Coverage and freshness
Score by group
77% · Insufficient data
Estimated value range
unavailable — no valuation method could be computed
Valuation assumptions are editorial choices, not measured; beta is not measured.
Valuation methods
- DCF (discounted cash flow)unavailable · input data missing
- Peers: EV/Salesunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: EV/EBITDAunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
no valuation method could be computed
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Insufficient data
Minimum-evidence gate: valuation methods computed: 0 of at least 1
| Factor | Value | Score | Weight used |
|---|---|---|---|
| Gross margin · Quality | 60.6% | 51 (on a fixed band) | 14% |
| EBIT margin · Quality | 24.9% | 82 (vs peers) | 11% |
| FCF margin · Quality | 9.1% | 36 (on a fixed band) | 11% |
| Revenue CAGR 3Y · Growth | 4.3% | 17 (on a fixed band) | 22% |
| Revenue growth (YoY) · Growth | 26.1% | 83 (vs peers) | 11% |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Current ratio · Balance sheet | 11.4x | 100 (on a fixed band) | 8% |
| EV/Sales · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | 1.2% | 24 (on a fixed band) | 17% |
| Shareholder yield (distributions) · Returns | 0.1% | 34 (on a fixed band) | 6% |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet· partial100/100 · 1/2 factors with a value
- Growth39/100 · 2/2 factors with a value
- Quality56/100 · 3/3 factors with a value
- Returns34/100 · 1/1 factors with a value
- Valuation· partial24/100 · 1/2 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
VICOR CORPORATION (VICR). Latest full fiscal year: 2025; data up to 2026-09-30.
Figures computed from the financial statements: revenue 452.7 m USD in 2025; YoY growth 26.1%; net margin 32.2%; ROE 23.5%.
Valuation cannot be computed from the available data.
Insufficient data for a verdict (valuation methods computed: 0 of at least 1).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- EBIT margin: 24.9%
- Revenue growth (YoY): 26.1%
- Current ratio: 11.4x
What contradicts it
- Revenue CAGR 3Y: 4.3%
- FCF yield: 1.2%
Not assessed (insufficient data or a ratio without meaning): Net debt / EBITDA, EV/Sales.
Versus the vertical median
Electronic Components, NEC (SIC 3679) · same industry (4-digit SIC) · compared with 12 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| VRTVertiv Holdings Co | 79.1 bn | 38.4 | 46.6% | 16.0% | +27.7% | +14% / +371% |
| AEISAdvanced Energy Industries, Inc. | 8.6 bn | 30.4 | 19.9% | 12.7% | +21.4% | +0% / +123% |
| PIImpinj, Inc. | 5.6 bn | — | -3.8% | -2.5% | −1.4% | +5% / +116% |
| VICRVicor Corporation | 1.9 bn | 41.7 | 23.5% | 32.2% | +26.1% | +80% / +306% |
| VREXVarex Imaging Corp | 779.3 m | 35.4 | 4.6% | 2.6% | +4.1% | +60% / −2% |
| MPTIM-tron Industries, Inc. | 277.8 m | 23.5 | 12.4% | 16.3% | +11.0% | +24% / +85% |
| ESPEspey Mfg. & Electronics Corp. | 152.7 m | 12.9 | 20.1% | 24.2% | +4.9% | +29% / +197% |
| LGLLgl Group Inc | 84.6 m | — | -0.6% | -5.0% | −2.9% | +15% / +38% |
| MVISMicroVision, Inc. | 42.2 m | — | -197.8% | -2,230.6% | −74.3% | −91% / −97% |
| NSYSNortech Systems Incorporated | 31.2 m | 29.4 | 3.0% | 0.6% | +723.6% | +59% / +26% |
| OSTOstin Technology Group Co., Ltd. | 23.7 m | — | -169.1% | -26.0% | +22.2% | −97% / −99% |
| NEONNeonode Inc. | 10.5 m | 1.3 | 48.6% | 397.8% | −33.7% | −72% / −52% |
| LPLLG Display Co., Ltd. | — | — | -37.2% | -9.6% | +24.8% | −39% / −45% |
1- and 3-year price returns: for VICR from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 164.34 Total return 3% · Per year 3% | 290.58 Total return 83% · Per year 83% | 437.73 Total return 175% · Per year 175% |
| 3 years | 158.83 Total return -0% · Per year -0% | 316.06 Total return 99% · Per year 26% | 522.86 Total return 229% · Per year 49% |
| 5 years | 153.51 Total return -3% · Per year -1% | 343.77 Total return 116% · Per year 17% | 624.54 Total return 293% · Per year 31% |
- Exit P/E± 79.01
- Net margin± 55.31
- Annual revenue growth± 45.49
- Annual dilution± 4.65
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
Vicor designs and sells modular components and power systems that convert electrical power, with a focus on its proprietary FPA architecture for AI processors. The company reported total net revenues of $407.7 million in 2025 and strong growth in backlog and gross margin in the third quarter of 2026.
SWOT
Strengths
- Patent portfolio and proprietary switching technology with superior efficiency and power density performance.
- Rising gross margin and significant operating cash generation in recent quarters.
- Licensing revenue that diversifies the business model beyond product sales.
Weaknesses
- Dependence on a few large customers makes results sensitive to delays in orders.
- Production is concentrated in a single factory, which raises the risk of interruption.
- Reliance on single suppliers for some components can make on-time production difficult.
Opportunities
- Capacity expansion and rising demand for AI processors could support revenue over the medium term.
- Licensing VPD to more AI system makers could generate recurring revenue.
- Defense, aerospace and electric vehicle applications offer diversification opportunities.
Threats
- Trade tariffs and export controls can raise costs and limit access to some markets.
- Competitors could offer alternative solutions or price cuts, especially on Brick products.
- Patent litigation can generate costs and uncertainty about licensing revenue.
Risks
- Customer concentrationhigh
A small number of customers can strongly influence quarterly revenue, and delayed orders can affect results.
- Patent litigationhigh
The outcome of litigation over VPD and other patents is uncertain and may affect licensing revenue and legal costs.
- Tariffs and international trademedium
Tariffs and export controls can raise import costs and reduce sales in some foreign markets.
- Supply chainmedium
Dependence on single suppliers and outsourced process steps can delay production and raise costs.
- Inventory risklow
Building inventory to address supply risk can lead to write-downs if demand falls.
Investment thesis
What would need to be true (bull case)
- If demand for AI processors stays high, the FPA and VPD architecture could support revenue and margin growth over the medium term.
- Licensing patents to AI system makers could add recurring, high-margin revenue.
- Expanding production capacity could allow the company to serve larger customers without limiting growth.
What would break the thesis
- Dependence on a few large customers makes revenue vulnerable to sudden changes in orders or procurement schedules.
- High margins in recent quarters include licensing revenue and litigation payments, which can be irregular.
- Capacity costs and tariffs could reduce profitability if demand slows or competition intensifies.
What to watch
- Trend in gross margin and licensing revenue compared with prior quartersQ4 2026
- Status of the ITC investigation on VPD and the number of licenses granted2027
- Pace of commissioning new production capacity at Andover2027
- Level of backlog and order trends from large customersnext 10-K
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
Vicor designs, develops, manufactures and markets modular power components and power systems for devices powered from the grid or from batteries. Products are grouped into Advanced Products, based on its proprietary Factorized Power Architecture, and Brick Products, integrated converters used in conventional power architectures. The main factory is in Andover, Massachusetts, and Advanced Products including royalties made up about 61.0% of total revenue in 2025.
The business model combines product sales with licensing its patent portfolio to OEMs and hyperscalers. In 2025 the company received a $45 million payment from a patent litigation settlement, and royalty revenue rose markedly in the third quarter of 2026, making revenue more concentrated among a few large customers.
Strategy shifts focus from low-volume Brick Products to high-volume Advanced Products for AI and high-performance computing customers. The company is investing in additional production capacity, which could support growth if demand holds, but also raises fixed costs.
Segments
Advanced Products
Advanced Products, based on FPA and the Power-on-Package and VPD modules, serve mainly data centers, hyperscalers and AI processors. They accounted for about 61.0% of consolidated revenue in 2025, and the company expects their share to keep growing.
Brick Products
Brick Products are integrated converters used in aerospace, defense, industrial equipment, instrumentation and rail transport. The segment is more mature, runs on low volume and high mix, and its demand fell in 2025.
Licensing and royalties
Revenue from licensing intellectual property rose quickly in 2026, linked to the first VPD licenses granted to AI system makers. Its trajectory depends on how many customers accept licenses and on regulatory decisions about patent infringement.
Market context
Vicor's target markets include powering processors in data centers, AI systems, aerospace, defense and electric vehicles. Demand for higher efficiency and power density supports interest in FPA-type architectures, while traditional industrial segments are growing more slowly.
The trade environment and tariffs affect costs: Section 301 tariffs were part of the company's expenses in 2025. Exposure to customers in China and Hong Kong has fallen from earlier years, but export sales remain a major part of revenue.
Trends
- Demand for AI processorstailwind
Growing AI computing loads have raised the need for high and efficient current at processors, which favours Vicor's FPA and VPD solutions. If hyperscaler investment continues, demand could stay high.
- Tariffs and trade policyheadwind
Section 301 tariffs and trade uncertainty raise import costs and could compress margins, especially for Brick products. Duty drawback recoveries are uncertain in amount and timing.
- Customer concentrationmixed
Revenue depends on a small number of large customers, which amplifies the effect of delayed orders. The company is trying to diversify its customer base but cannot guarantee this strategy will succeed.
- Production capacitymixed
Investment in the Andover factory and new sites can raise capacity, but start-up costs may temporarily weigh on efficiency. Good utilization could support margins.
Competitive position
In the FPA segment Vicor competes with makers of integrated circuits and semiconductor modules. In conventional architectures using Brick products, competition comes from makers of integrated power supplies, where price is an important factor.
Competition varies by market and application, and price pressure is higher on Brick products. The company differentiates through performance, density and total cost of ownership, but competitors can respond with price cuts or new products.
- SynQor, Inc.
Competitor and counterparty in a patent litigation with Vicor, relevant to brick-format converters.
- Integrated circuit and semiconductor module makers
Compete in FPA applications for high-performance computing, where integration and efficiency are decisive.
- Integrated power supply makers
Compete in CPA, DPA and IBA architectures using Brick products across broad market segments.
- Power module suppliers for aerospace and defense
Compete in niches with reliability and performance requirements in harsh environments.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
- Stocks making the biggest moves midday: Accenture, Synopsys, United Therapeutics, Vicor and moreCNBC — Top News · 01 Oct 2026 · EN
- Is Vicor Stock Worth Buying Before Its Second Fab Exists?Yahoo Finance — News · 22 Sept 2026 · EN
- Stocks making the biggest moves midday: Lennar, Capri, Vicor, Amgen & moreCNBC — Top News · 22 Sept 2026 · EN
- Why Did Vicor Stock Jump Before It Raised Its Outlook?Yahoo Finance — News · 22 Sept 2026 · EN
- Vicor Shares Jump Nearly 9.9% After Company Raises Third-Quarter Revenue OutlookYahoo Finance — News · 22 Sept 2026 · EN
- Vicor (VICR) Licenses its Power Patents to Another AI System Maker. Shares Jump 18%Yahoo Finance — News · 21 Sept 2026 · EN
- Vicor Shares Moved Higher on a New AI Processing Deal. How Investors Should View the News.Yahoo Finance — News · 21 Sept 2026 · EN
- Vicor Stock Surges 18% Following AI License AgreementYahoo Finance — News · 18 Sept 2026 · EN
- Stocks making the biggest moves midday: Workday, Generac, Vital Farms, Vicor, Tower Semi & moreCNBC — Top News · 17 Sept 2026 · EN
- Why Is Vicor Stock Surging Thursday?Yahoo Finance — News · 17 Sept 2026 · EN
- Vicor (VICR) Plans Two More ChiP Fabs. Can Utilization Justify Expansion?Yahoo Finance — News · 17 Sept 2026 · EN
The latest news item in our archive is from 01 Oct 2026; the newest SEC filing is from 26 Oct 2026. The press archive comes from the RSS feeds we follow and does not necessarily cover the latest event — the filings alongside do.
SEC filings
- Quarterly report26 Oct 2026
- Current report20 Oct 2026Results of operations · Financial statements and exhibits
- Current report10 Sept 2026Amendments to articles or bylaws · Financial statements and exhibits
- Current report27 Aug 2026Other events
- Quarterly report29 Jul 2026
- Current report21 Jul 2026Results of operations · Financial statements and exhibits
- Current report23 Jun 2026Shareholder vote
- Quarterly report30 Apr 2026
- Proxy statement30 Apr 2026
- Current report21 Apr 2026Results of operations · Financial statements and exhibits
Sources
- [1] Form 10-K, fiscal year ended 2025-12-31 · SEC / Vicor Corporation · 02 Mar 2026
- [2] Form 10-Q, quarter ended 2026-09-30 · SEC / Vicor Corporation · 26 Oct 2026
- [3] Form 8-K, results release (exhibit 99.1) · SEC / Vicor Corporation · 20 Oct 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.