Vicor is a higher-beta bet on advanced power delivery for demanding AI systems.
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Price
$146.88
1D change
+8.72%
Market cap
$6.78B
Sector
Technology
| Metric | VICR |
|---|---|
| Price | $146.88 |
| 1D Change | +8.72% |
| Market Cap | $6.78B |
| Enterprise Value | $6.27B |
| Trailing P/E | 38.3 |
| Forward P/E | 24.2 |
| PEG Ratio | — |
| Price / Sales | 12.1 |
| EV / Revenue | 11.2 |
| Revenue Growth | 78.5% |
| Earnings Growth | 111.1% |
| Gross Margin | 60.6% |
| Operating Margin | 36.6% |
| Net Margin | 32.2% |
| ROE | 23.5% |
| Free Cash Flow | $5.5M |
| FCF Margin | 1.0% |
| Debt / Equity | 0.79x |
| Current Ratio | 0.11x |
| Dividend Yield | 0.10% |
| Next Earnings | — |
| Quarterly Revenue | $197.1M |
| Revenue QoQ | +37.5% |
| Quarterly Net Income | $63.3M |
| Net Income QoQ | +27.2% |
VICR thesis lens
High-density power delivery
Why it could benefit
- Vicor is a higher-beta bet on advanced power delivery for demanding AI systems.
- If next-gen accelerators need more sophisticated power architectures, Vicor can be a leveraged winner.
- It offers more torque than diversified peers, though with more risk.
Moat / edge
- Specialized high-density power-conversion expertise.
- Strong intellectual property around advanced power modules.
- Niche positioning where performance matters more than catalog breadth.
What to watch
- AI customer adoption, backlog, and licensing progress.
- Operating leverage as revenue scales.
- Whether new platforms standardize around Vicor architectures.
Key risks
- Smaller scale makes revenue more volatile.
- If customers choose alternative architectures, upside can fade quickly.