Vicor is a higher-beta bet on advanced power delivery for demanding AI systems.
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Price
$221.20
1D change
+1.13%
Market cap
$10.20B
Sector
Technology
| Metric | VICR |
|---|---|
| Price | $221.20 |
| 1D Change | +1.13% |
| Market Cap | $10.20B |
| Enterprise Value | $9.75B |
| Trailing P/E | 70.9 |
| Forward P/E | 39.8 |
| PEG Ratio | — |
| Price / Sales | 21.5 |
| EV / Revenue | 20.6 |
| Revenue Growth | 49.3% |
| Earnings Growth | 14.3% |
| Gross Margin | 56.6% |
| Operating Margin | 24.3% |
| Net Margin | 30.6% |
| ROE | 20.1% |
| Free Cash Flow | $339.5K |
| FCF Margin | 0.1% |
| Debt / Equity | 0.91x |
| Current Ratio | 0.13x |
| Dividend Yield | 0.07% |
| Next Earnings | Oct 20, 2026 |
| Quarterly Revenue | $143.4M |
| Revenue QoQ | +26.9% |
| Quarterly Net Income | $49.8M |
| Net Income QoQ | +140.9% |
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.