Tearsheet

Vicor (VICR)


Market Price (4/19/2026): $218.26 | Market Cap: $9.9 Bil
Sector: Industrials | Industry: Electrical Components & Equipment

Vicor (VICR)


Market Price (4/19/2026): $218.26
Market Cap: $9.9 Bil
Sector: Industrials
Industry: Electrical Components & Equipment

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 26%

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 31%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 26%

Megatrend and thematic drivers
Megatrends include Artificial Intelligence, Electric Vehicles & Autonomous Driving, and Datacenter Power. Themes include AI Chips, Show more.

Trading close to highs
Dist 52W High is 0.0%, Dist 3Y High is 0.0%

Expensive valuation multiples
P/SPrice/Sales ratio is 22x, P/EBITPrice/EBIT or Price/(Operating Income) ratio is 120x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 71x, P/EPrice/Earnings or Price/(Net Income) is 83x

Stock price has recently run up significantly
6M Rtn6 month market price return is 280%, 12M Rtn12 month market price return is 366%

Valuation getting more expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 332%

Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -2.8%

Key risks
VICR key risks include [1] significant revenue volatility due to its dependence on a small number of high-volume customers, Show more.

0 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 26%
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 31%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 26%
2 Megatrend and thematic drivers
Megatrends include Artificial Intelligence, Electric Vehicles & Autonomous Driving, and Datacenter Power. Themes include AI Chips, Show more.
3 Trading close to highs
Dist 52W High is 0.0%, Dist 3Y High is 0.0%
4 Expensive valuation multiples
P/SPrice/Sales ratio is 22x, P/EBITPrice/EBIT or Price/(Operating Income) ratio is 120x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 71x, P/EPrice/Earnings or Price/(Net Income) is 83x
5 Stock price has recently run up significantly
6M Rtn6 month market price return is 280%, 12M Rtn12 month market price return is 366%
6 Valuation getting more expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 332%
7 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -2.8%
8 Key risks
VICR key risks include [1] significant revenue volatility due to its dependence on a small number of high-volume customers, Show more.

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Vicor (VICR) stock has gained about 100% since 12/31/2025 because of the following key factors:

1. Exceptional Q4 2025 Earnings Beat and Bullish 2026 Outlook. Vicor reported diluted earnings per share (EPS) of $1.01 for the fourth quarter ended December 31, 2025, significantly exceeding analysts' expectations of $0.44 by 129.55%. The company also reported robust revenue of $362.70 million for the quarter, vastly surpassing analyst estimates of $107.78 million, representing an 11.5% year-over-year increase. This strong performance was bolstered by a patent litigation settlement and higher product and royalty revenue. Furthermore, management provided a highly optimistic forecast for 2026, projecting a potential record year with a revenue run rate approaching $800 million, which fueled institutional investor confidence.

2. Strategic Leadership in High-Growth Power Electronics for AI and Electric Vehicles. Vicor's position as a prominent provider of modular power components and systems, particularly those utilizing advanced Silicon Carbide (SiC) and Gallium Nitride (GaN) technologies, is a crucial driver. These advanced power solutions are essential for high-growth sectors such as artificial intelligence (AI) data centers and electric vehicles (EVs), where demand for efficient power conversion and high power density is rapidly increasing. The global power electronics market is projected for significant growth, with SiC-based components, specifically favored by the EV industry for their superior efficiency and voltage handling, expected to constitute 46.9% of the market in 2026. Vicor's intellectual property (IP) licensing activities are also anticipated to generate record revenues in 2026.

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Stock Movement Drivers

Fundamental Drivers

The 99.0% change in VICR stock from 12/31/2025 to 4/18/2026 was primarily driven by a 40.6% change in the company's Net Income Margin (%).
(LTM values as of)123120254182026Change
Stock Price ($)109.60218.0599.0%
Change Contribution By: 
Total Revenues ($ Mil)4424532.5%
Net Income Margin (%)18.6%26.2%40.6%
P/E Multiple59.683.139.5%
Shares Outstanding (Mil)4545-1.0%
Cumulative Contribution99.0%

LTM = Last Twelve Months as of date shown

Market Drivers

12/31/2025 to 4/18/2026
ReturnCorrelation
VICR99.0% 
Market (SPY)-5.4%58.6%
Sector (XLI)11.9%63.8%

Fundamental Drivers

The 338.6% change in VICR stock from 9/30/2025 to 4/18/2026 was primarily driven by a 143.5% change in the company's P/E Multiple.
(LTM values as of)93020254182026Change
Stock Price ($)49.72218.05338.6%
Change Contribution By: 
Total Revenues ($ Mil)4244536.7%
Net Income Margin (%)15.4%26.2%69.6%
P/E Multiple34.183.1143.5%
Shares Outstanding (Mil)4545-0.4%
Cumulative Contribution338.6%

LTM = Last Twelve Months as of date shown

Market Drivers

9/30/2025 to 4/18/2026
ReturnCorrelation
VICR338.6% 
Market (SPY)-2.9%44.7%
Sector (XLI)12.9%47.4%

Fundamental Drivers

The 366.1% change in VICR stock from 3/31/2025 to 4/18/2026 was primarily driven by a 1434.2% change in the company's Net Income Margin (%).
(LTM values as of)33120254182026Change
Stock Price ($)46.78218.05366.1%
Change Contribution By: 
Total Revenues ($ Mil)35945326.1%
Net Income Margin (%)1.7%26.2%1434.2%
P/E Multiple344.783.1-75.9%
Shares Outstanding (Mil)4545-0.1%
Cumulative Contribution366.1%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2025 to 4/18/2026
ReturnCorrelation
VICR366.1% 
Market (SPY)16.3%44.1%
Sector (XLI)33.8%47.0%

Fundamental Drivers

The 364.5% change in VICR stock from 3/31/2023 to 4/18/2026 was primarily driven by a 310.7% change in the company's Net Income Margin (%).
(LTM values as of)33120234182026Change
Stock Price ($)46.94218.05364.5%
Change Contribution By: 
Total Revenues ($ Mil)39945313.4%
Net Income Margin (%)6.4%26.2%310.7%
P/E Multiple81.383.12.3%
Shares Outstanding (Mil)4445-2.5%
Cumulative Contribution364.5%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2023 to 4/18/2026
ReturnCorrelation
VICR364.5% 
Market (SPY)63.3%38.9%
Sector (XLI)78.8%40.6%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
VICR Return38%-58%-16%8%127%85%120%
Peers Return42%-14%35%-9%16%37%139%
S&P 500 Return27%-19%24%23%16%3%87%

Monthly Win Rates [3]
VICR Win Rate58%25%33%50%58%75% 
Peers Win Rate62%42%63%40%48%65% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
VICR Max Drawdown-18%-64%-32%-29%-18%0% 
Peers Max Drawdown-5%-29%-5%-18%-31%-1% 
S&P 500 Max Drawdown-1%-25%-1%-2%-15%-7% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: MPWR, ADI, TXN, ON, MCHP. See VICR Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 4/17/2026 (YTD)

How Low Can It Go

Unique KeyEventVICRS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-77.7%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven348.8%34.1%
2022 Inflation ShockTime to BreakevenTime to Breakeven805 days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-42.0%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven72.4%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven68 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-57.4%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven134.8%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven303 days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-75.2%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven302.8%131.3%
2008 Global Financial CrisisTime to BreakevenTime to Breakeven410 days1,480 days

Compare to MPWR, ADI, TXN, ON, MCHP

In The Past

Vicor's stock fell -77.7% during the 2022 Inflation Shock from a high on 11/17/2021. A -77.7% loss requires a 348.8% gain to breakeven.

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About Vicor (VICR)

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.

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Intel for power components

Nvidia for power modules

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  • Modular Power Components: Standardized, interchangeable devices designed for converting electrical power, including brick-format DC-DC converters and other complementary components.
  • Power Systems: Integrated solutions built from their modular components to meet specific power conversion and management requirements.
  • Electrical and Mechanical Accessories: Supporting items such as cables, connectors, and mounting hardware for their power products.
  • Custom Power Systems Solutions: Tailored power conversion systems engineered to address unique customer specifications and applications.

AI Analysis | Feedback

Vicor Corporation (VICR) operates primarily on a business-to-business (B2B) model, selling its modular power components and power systems to other companies rather than individual consumers.

While Vicor does not publicly disclose the names of its specific major customer companies, its clientele consists of a broad range of manufacturers across various industries. Based on the company description, Vicor's major customers fall into the following categories of businesses:

  • Original Equipment Manufacturers (OEMs): These companies integrate Vicor's power conversion technology into their own products, which span across diverse markets.
  • Independent Manufacturers of Electronic Devices: Similar to OEMs, these are companies that design and produce electronic devices and systems requiring Vicor's advanced power solutions.
  • Contract Manufacturers (Electronic Manufacturing Services - EMS providers): Often working on behalf of OEMs, these manufacturers build electronic products and components, utilizing Vicor's parts in their production processes for their various clients.

These customer categories operate within demanding markets such as aerospace and aviation, defense electronics, industrial automation and equipment, instrumentation, test equipment, solid state lighting, telecommunications and networking infrastructure, and vehicles and transportation.

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Patrizio Vinciarelli, Chairman of the Board, President and Chief Executive Officer

Dr. Patrizio Vinciarelli founded Vicor Corporation in 1981 and has served as Chairman, President, and Chief Executive Officer since its inception. Prior to founding Vicor, he was a Fellow at the Institute for Advanced Study in Princeton, New Jersey from 1977 to 1980, and an Instructor at Princeton University. From 1973 through 1976, he was a Fellow at the European Organization for Nuclear Research (CERN) in Geneva, Switzerland. Dr. Vinciarelli holds a doctorate in Physics from the University of Rome, Italy. He holds more than 100 patents for power conversion technology.

James F. Schmidt, Chief Financial Officer, Treasurer, and Corporate Secretary

Mr. James F. Schmidt was appointed Chief Financial Officer, Treasurer, and Corporate Secretary of Vicor Corporation, effective June 1, 2021. Before joining Vicor, Mr. Schmidt had a 35-year career at Analog Devices, where he held leadership positions in Finance, Engineering, Operations, and Sales. He holds a Bachelor of Science (BS) in Chemical Engineering from the University of Cincinnati and a Master of Business Administration (MBA) from the University of North Carolina at Greensboro.

Philip D. Davies, Corporate Vice President, Global Sales and Marketing

Mr. Philip D. Davies has served as Vicor's Corporate Vice President, Global Sales and Marketing since 2011. Prior to joining Vicor, he was Business Creation Team Leader for the Solid State Light Engine business unit of OSRAM Sylvania from September 2010 to February 2011. From 2006 to 2010, Mr. Davies was Vice President, Sales and Marketing, with NoblePeak Vision Corporation. He held various positions with Analog Devices, Inc. from 1995 to 2006, including Director of World Wide Business Development. From 1987 to 1995, he served in several roles with Allegro MicroSystems, Inc., most recently as Vice President, Engineering. Mr. Davies received a B.S.E.E. and a Master's degree in Power Electronics from the University of Glamorgan.

Claudio Tuozzolo, Corporate Vice President, President, Vicor Power Systems

Mr. Claudio Tuozzolo has been President, Vicor Power Systems since Picor Corporation merged with and into Vicor in May 2018. He previously served as President of Picor since 2003. Before that, he was Director of Integrated Circuit Engineering for Vicor from February 2003 to November 2003, and Manager of Integrated Circuit Design from 2001 to February 2003. Prior to joining Vicor in 2001, Mr. Tuozzolo was a Principal Design Engineer for SIPEX Corporation from 1999 to 2001. He has authored nine U.S. patents in semiconductor design and holds B.S. and M.S. degrees, having attended the University of Rome.

Andrew T. D'Amico, General Counsel for Intellectual Property

Mr. Andrew T. D'Amico has served as Vicor's General Counsel for Intellectual Property matters since January 2006 and was appointed to the Board of Directors effective October 21, 2020. Prior to his engagement by Vicor, he accumulated 18 years of private practice experience in patent law, including prosecution, litigation, licensing, and counseling in diverse technological areas, most recently with Fish & Richardson P.C. in New York. Mr. D'Amico earned a law degree from The George Washington University's National Law Center and an electrical engineering degree (B.S.E.E., Magna Cum Laude) from the N.J. Institute of Technology. Before attending law school, he worked as a design engineer in the aerospace industry.

AI Analysis | Feedback

Here are the key risks to Vicor Corporation's business:

  1. Intense Competition and Rapid Technological Change: Vicor operates in a highly competitive industry for modular power components and systems, facing pressure from numerous integrated circuit developers and power supply manufacturers. This intense competition can lead to price pressures and reduced market share. To maintain its market position, Vicor must continuously innovate and differentiate its products. The fast pace of technological advancements in power management necessitates ongoing, significant investment in research and development, and a failure to keep up could lead to technological obsolescence, eroding the company's competitive advantage.
  2. Intellectual Property (IP) Litigation Risks and Reliance on Licensing: The power supply industry is characterized by aggressive protection of intellectual property rights. Vicor's business model includes a reliance on licensing revenues, making it vulnerable to external parties' compliance with licensing agreements and constant challenges from new, unlicensed products from competitors. Aggressive enforcement of its IP rights could also carry a risk of reputational damage.
  3. Supply Chain Vulnerabilities and Geopolitical Risks: As a manufacturer in the global electronics sector, Vicor is exposed to potential supply chain disruptions, which can lead to production delays and increased costs. Furthermore, geopolitical tensions, policy risks, and macroeconomic factors, particularly within the broader AI chip ecosystem that Vicor's power-delivery technology serves, can significantly impact demand, profitability, and investor sentiment for the company.

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Here are the addressable market sizes for Vicor Corporation's main products and services:

For modular power components, the global modular and scalable power supplies market was estimated at USD 4.89 billion in 2023 and is projected to reach USD 9.52 billion by 2030, growing at a CAGR of 10.1% from 2024 to 2030. Another estimate for the modular and scalable power supplies market valued it at USD 4.8 billion in 2023 and projected it to reach USD 7.94 billion by 2030, with a CAGR of 6.5%. The Asia Pacific region held the largest revenue share in this market in 2023.

The global DC-DC converter market, a core modular power component for Vicor, was valued at USD 13.61 billion in 2025 and is projected to grow to USD 32.80 billion by 2034, with a CAGR of 9.87%. Other reports show the global DC-DC converter market at USD 12.5 billion in 2025, reaching USD 22.6 billion by 2032 with a CAGR of 9%, or USD 13.44 billion in 2025, reaching USD 30.92 billion by 2034 with a CAGR of 9.70%. Asia Pacific is poised to command an estimated 48% share of the global market in 2025. North America is expected to account for an estimated 28% of the DC-DC converter market share in 2025, and Europe is anticipated to capture approximately 23% in 2025.

The global custom power supply market is projected to reach an estimated USD 35.86 billion by 2025, with a compound annual growth rate (CAGR) of 6.57% during the forecast period of 2025-2033. This market is primarily driven by the increasing demand for tailored power solutions across diverse industries.

In terms of specific markets Vicor serves:

  • Aerospace and Aviation: The global aircraft electrical systems market is projected to grow from USD 94.06 billion in 2025 to USD 110.40 billion by 2030, registering a CAGR of 3.3%. The global aircraft electrical power distribution systems market size was valued at USD 26.9 billion in 2023 and is expected to reach USD 36.6 billion by 2033, at a CAGR of 3.13% from 2023 to 2033. North America is estimated to dominate the aircraft electrical systems market, with a share of 38.2% in 2025.
  • Defense Electronics: The global generation military power supply market size was valued at USD 11.90 billion in 2025 and is projected to grow to USD 23.09 billion by 2034, exhibiting a CAGR of 7.6%. North America dominated this market with a market share of 37.89% in 2025. Another report estimates the military power solutions market size at USD 10.82 billion in 2023, projected to reach USD 24.9 billion by 2032 with a CAGR of 9.7% over 2024-2032. The defense electrical systems market size is valued at USD 159.4 billion in 2023 and is predicted to reach USD 225.1 billion by 2031, at a 4.5% CAGR. North America dominates the defense electronics market, accounting for approximately 45% of the global share.
  • Industrial Automation and Equipment: The global industrial power system market size was valued at around USD 13.54 billion in 2025 and is projected to grow at a CAGR of more than 7.6%, reaching USD 28.17 billion by 2035. Asia Pacific is the largest and fastest-growing region in this market. Another source states the global industrial power systems market was valued at USD 14.6 billion in 2024 and is projected to reach USD 19.9 billion by 2030, growing at a CAGR of 5.3%. The global energy & utilities industrial automation and control systems market size was valued at USD 16,610.0 million in 2025 and is estimated to grow at a CAGR of 10.4% from 2025 to 2033.
  • Telecommunications and Networking Infrastructure: The global telecom power systems market size was valued at USD 5.85 billion in 2025 and is projected to grow to USD 13.04 billion by 2034, exhibiting a CAGR of 9.32%. Another estimate for the global telecom power systems market size was USD 5.69 billion in 2024, expected to reach USD 10.77 billion by 2033 with a CAGR of 8.30%. North America dominates the market, holding 35.7% of the market share in 2024. Asia Pacific is projected to register the highest CAGR in this market.
  • Vehicles and Transportation: The global automotive powertrain systems market is expected to grow from USD 0.47 trillion in 2025 to USD 0.73 trillion by 2031, at a 7.52% CAGR. Another report valued the global automotive powertrain market at USD 1,062 billion in 2024 and expects it to grow to around USD 4,605 billion by 2034, registering a CAGR of 15.80%. The global automotive electrical distribution systems market was valued at USD 45.7 billion in 2024 and is projected to grow at a CAGR of 7.2% between 2025 and 2034. The vehicle power distribution module market is projected to reach USD 14.5 billion by 2032, exhibiting a CAGR of 6.75%. North America is the largest market for Vehicle Power Distribution Modules, holding approximately 40% of the global market share.

AI Analysis | Feedback

Vicor Corporation (VICR) is expected to drive future revenue growth over the next 2-3 years through several key initiatives and market trends:

  1. Growth in AI Infrastructure and Advanced Products: Vicor is well-positioned in the expanding artificial intelligence (AI) infrastructure market, particularly in high-performance computing (HPC) and General AI (GenAI) power delivery. Advanced Products, including royalty revenue, accounted for 58% of total revenue in Q4 2025. This segment is expected to continue growing significantly, with advanced product revenue increasing 26.6% annually in 2025.
  2. Increased Fab Utilization and Capacity Expansion: Management has emphasized plans for significantly higher utilization of its first chip fabrication facility, which currently has the capacity to support $1 billion in advanced products revenue. To meet increasing demand, Vicor is also engaging in capacity reservation agreements with customers and considering investments of $250-$300 million in a new manufacturing facility. This expansion will enable higher production volumes and improve gross margins through economies of scale.
  3. Expansion of Licensing and Royalty Revenue: Vicor anticipates substantial growth in its licensing business. Management projects licensing revenue to reach hundreds of millions of dollars in the coming years, up from a run rate of nearly $90 million per year in Q3 2025. This shift toward a richer licensing mix is expected to drive earnings faster than revenue over time.
  4. Strong Order Backlog and Book-to-Bill Ratio: The company exited 2025 with a book-to-bill ratio above 1.2, which continued to increase in Q1 2026. The one-year backlog grew by 15.8% sequentially in Q4 2025, reaching $176.9 million. This strong backlog and increasing order rate indicate robust demand and a solid pipeline for future revenue.
  5. Penetration into Emerging Markets and Applications: Beyond its dominant position in HPC/AI, Vicor is securing design wins and anticipating growth from industrial, defense and aerospace, and automotive markets. While automotive applications are projected to be a more substantial driver in 2026-2027, early production for high-performance automotive applications is expected to begin by the end of 2026.

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Share Repurchases

  • Vicor repurchased 25,844 shares for $2.2 million from October 1, 2025, to December 31, 2025.
  • Under a buyback program announced on July 31, 2024, the company completed the repurchase of 788,368 shares totaling $36.01 million.
  • As of December 31, 2024, approximately $99,503,000 was available for future share repurchases under a new authorization.

Capital Expenditures

  • Capital expenditures for the fourth quarter of 2025 amounted to $5.5 million.
  • This reflects an increase compared to $1.7 million in the fourth quarter of 2024 and $4.0 million in the third quarter of 2025.
  • The company plans to expand its chip fabrication capacity, including establishing a second fab, to meet strong demand from markets such as AI, aerospace, defense, and industrial power.

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Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

VICRMPWRADITXNONMCHPMedian
NameVicor Monolith.Analog D.Texas In.ON Semic.Microchi. 
Mkt Price218.051,468.35371.45229.8283.0178.76223.94
Mkt Cap9.971.2181.6208.933.342.656.9
Rev LTM4532,79011,75717,6825,9954,3725,184
Op Inc LTM827293,4926,140751277740
FCF LTM1196634,5602,6031,4198201,119
FCF 3Y Avg636233,6621,8171,0231,5351,279
CFO LTM1408385,0547,1531,7609111,335
CFO 3Y Avg887554,4826,6301,8811,7351,808

Growth & Margins

VICRMPWRADITXNONMCHPMedian
NameVicor Monolith.Analog D.Texas In.ON Semic.Microchi. 
Rev Chg LTM26.1%26.4%25.9%13.0%-15.3%-8.1%19.5%
Rev Chg 3Y Avg5.4%16.4%-0.5%-3.4%-10.1%-15.4%-1.9%
Rev Chg Q11.5%20.8%30.4%10.4%-11.2%15.6%13.6%
QoQ Delta Rev Chg LTM2.5%4.9%6.7%2.4%-3.1%3.8%3.2%
Op Inc Chg LTM349.9%35.1%72.6%15.0%-60.5%-56.7%25.0%
Op Inc Chg 3Y Avg112.6%12.8%4.1%-13.9%-31.1%-41.4%-4.9%
Op Mgn LTM18.1%26.1%29.7%34.7%12.5%6.3%22.1%
Op Mgn 3Y Avg11.9%25.7%27.1%36.9%23.7%19.0%24.7%
QoQ Delta Op Mgn LTM1.0%0.1%2.5%-0.1%-2.5%2.7%0.6%
CFO/Rev LTM30.8%30.0%43.0%40.5%29.4%20.8%30.4%
CFO/Rev 3Y Avg21.1%33.6%41.1%39.2%26.7%27.2%30.4%
FCF/Rev LTM26.3%23.8%38.8%14.7%23.7%18.8%23.7%
FCF/Rev 3Y Avg14.7%28.0%33.6%10.7%15.4%24.0%19.7%

Valuation

VICRMPWRADITXNONMCHPMedian
NameVicor Monolith.Analog D.Texas In.ON Semic.Microchi. 
Mkt Cap9.971.2181.6208.933.342.656.9
P/S21.825.515.411.85.69.713.6
P/Op Inc120.597.752.034.044.3153.674.9
P/EBIT120.597.751.133.4164.7243.7109.1
P/E83.1114.667.141.8275.2-619.175.1
P/CFO70.685.035.929.218.946.841.3
Total Yield1.2%1.1%2.6%4.8%0.4%1.6%1.4%
Dividend Yield0.0%0.2%1.1%2.4%0.0%1.7%0.6%
FCF Yield 3Y Avg1.9%1.9%3.3%1.1%4.1%3.8%2.6%
D/E0.00.00.00.10.10.10.1
Net D/E-0.0-0.00.00.00.00.10.0

Returns

VICRMPWRADITXNONMCHPMedian
NameVicor Monolith.Analog D.Texas In.ON Semic.Microchi. 
1M Rtn14.7%34.6%19.7%22.1%40.0%24.4%23.2%
3M Rtn45.5%42.4%24.1%20.7%37.6%6.1%30.8%
6M Rtn279.7%46.7%54.0%32.2%58.0%22.7%50.3%
12M Rtn366.3%182.6%113.9%59.7%139.6%110.4%126.8%
3Y Rtn406.7%224.1%107.2%42.1%7.9%6.9%74.6%
1M Excs Rtn6.1%29.3%12.8%12.9%29.7%14.1%13.5%
3M Excs Rtn47.3%43.1%20.7%19.7%35.1%3.8%27.9%
6M Excs Rtn273.7%39.4%50.2%26.3%58.0%15.8%44.8%
12M Excs Rtn331.5%139.8%78.0%24.8%99.5%77.4%88.8%
3Y Excs Rtn309.9%148.3%34.5%-32.5%-65.6%-67.0%1.0%

Comparison Analyses

null

Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Advanced Products197224243170106
Brick Products162181156189190
Patent litigation settlement0    
Total359405399359297


Price Behavior

Price Behavior
Market Price$218.05 
Market Cap ($ Bil)9.9 
First Trading Date11/27/1991 
Distance from 52W High0.0% 
   50 Days200 Days
DMA Price$175.70$103.82
DMA Trendupup
Distance from DMA24.1%110.0%
 3M1YR
Volatility92.3%76.0%
Downside Capture0.660.28
Upside Capture503.45235.27
Correlation (SPY)52.6%39.9%
VICR Betas & Captures as of 3/31/2026

 1M2M3M6M1Y3Y
Beta6.194.884.153.051.751.92
Up Beta1.304.805.733.701.781.85
Down Beta8.595.303.684.041.911.85
Up Capture752%760%879%873%413%1771%
Bmk +ve Days7162765139424
Stock +ve Days12233980145386
Down Capture413%306%218%101%104%112%
Bmk -ve Days12233358110323
Stock -ve Days10192446106361

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with VICR
VICR371.1%75.8%2.38-
Sector ETF (XLI)39.0%15.4%1.9343.7%
Equity (SPY)21.1%12.9%1.3241.0%
Gold (GLD)50.9%27.5%1.4915.6%
Commodities (DBC)25.2%16.2%1.4016.1%
Real Estate (VNQ)17.5%13.7%0.9322.9%
Bitcoin (BTCUSD)-7.8%42.6%-0.0820.9%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with VICR
VICR20.4%70.0%0.56-
Sector ETF (XLI)13.1%17.3%0.6042.5%
Equity (SPY)10.8%17.1%0.4944.7%
Gold (GLD)22.6%17.8%1.0412.4%
Commodities (DBC)11.6%18.8%0.5112.0%
Real Estate (VNQ)4.4%18.8%0.1433.3%
Bitcoin (BTCUSD)5.2%56.5%0.3122.1%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with VICR
VICR37.5%62.4%0.77-
Sector ETF (XLI)14.2%19.9%0.6343.9%
Equity (SPY)14.0%17.9%0.6747.9%
Gold (GLD)14.3%15.9%0.757.3%
Commodities (DBC)8.5%17.6%0.4014.9%
Real Estate (VNQ)5.6%20.7%0.2433.6%
Bitcoin (BTCUSD)68.4%66.9%1.0716.0%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date3312026
Short Interest: Shares Quantity1.7 Mil
Short Interest: % Change Since 31520262.3%
Average Daily Volume1.1 Mil
Days-to-Cover Short Interest1.5 days
Basic Shares Quantity45.2 Mil
Short % of Basic Shares3.8%

Earnings Returns History

Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
2/19/202611.2%34.5%7.7%
10/21/202530.3%36.2%29.3%
7/22/202516.5%1.2%2.9%
2/20/202522.8%18.9%3.4%
10/22/202413.7%8.3%24.0%
7/23/20240.1%7.2%0.9%
2/22/2024-23.8%-20.5%-18.8%
10/24/2023-26.6%-27.2%-28.9%
...
SUMMARY STATS   
# Positive111212
# Negative766
Median Positive13.7%10.9%10.3%
Median Negative-23.8%-18.2%-20.7%
Max Positive57.7%48.1%42.4%
Max Negative-27.5%-27.2%-36.1%

SEC Filings

Expand for More
Report DateFiling DateFiling
12/31/202503/02/202610-K
09/30/202510/29/202510-Q
06/30/202508/01/202510-Q
03/31/202504/30/202510-Q
12/31/202403/03/202510-K
09/30/202410/30/202410-Q
06/30/202407/31/202410-Q
03/31/202405/01/202410-Q
12/31/202302/28/202410-K
09/30/202311/03/202310-Q
06/30/202308/04/202310-Q
03/31/202305/03/202310-Q
12/31/202202/28/202310-K
09/30/202211/03/202210-Q
06/30/202208/03/202210-Q
03/31/202205/05/202210-Q

Insider Activity

Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1D'Amico, Andrew DirectSell1062026142.50400  Form
2Vinciarelli, PatrizioChairman and CEODirectSell1052026114.361,883215,3361,110,207,075Form
3Vinciarelli, PatrizioChairman and CEODirectSell12302025112.9820,0002,259,5361,097,009,928Form
4Vinciarelli, PatrizioChairman and CEODirectSell12302025111.205,917657,9621,081,967,670Form
5Vinciarelli, PatrizioChairman and CEODirectSell12292025108.8712,4001,349,9721,062,118,716Form