VICR
TechnologyVicor Corporation · Hardware, Equipment & Parts · $12B
What is Vicor Corporation?
Vicor Corporation designs and manufactures modular power components and systems used across demanding industries worldwide. Headquartered in Andover, Massachusetts, the company has built a focused niche in high-efficiency power conversion technology since its incorporation in 1981.
Vicor generates revenue by selling modular power components — primarily DC-DC converters and complementary accessories — to original equipment manufacturers and their contract manufacturers. Its products handle the conversion of electrical power within complex electronic systems, serving markets that include defense electronics, aerospace, industrial automation, telecommunications infrastructure, and vehicle electrification. The company also offers custom power system solutions for specialized applications, giving it exposure to both standard catalog sales and higher-margin engineered programs.
Vicor was incorporated in 1981 and is headquartered in Andover, Massachusetts.
- Brick-format DC-DC converters for industrial and defense applications
- Input and output voltage regulation components
- Modular power system accessories and mechanical components
- Custom-engineered power system solutions
- Products for aerospace, telecom, and vehicle electrification markets
Is VICR a Good Stock to Buy?
UQS Score rates VICR as Good overall, reflecting a balanced profile with meaningful strengths and some areas to watch.
The Risk pillar stands out as the strongest element of Vicor's profile, suggesting the business carries relatively conservative financial characteristics compared with many mid-cap technology peers. The Growth pillar also rates Good, pointing to a credible expansion trajectory tied to secular demand in power electronics across defense, AI infrastructure, and vehicle electrification.
Both the Quality and Moat pillars register as Neutral, indicating that competitive advantages and returns on capital are not yet clearly differentiated at the sector level. Valuation is flagged as Elevated, meaning the market appears to be pricing in considerable optimism.
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Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does VICR pay dividends?
No — Vicor Corporation does not currently pay a dividend.
Vicor does not currently pay a dividend. For a company operating in a capital-intensive, innovation-driven segment of the power electronics market, retaining earnings to fund research, manufacturing capacity, and product development is a common strategic choice. Investors seeking income should factor this into their broader portfolio planning.
When does VICR report earnings?
Vicor Corporation reports earnings on a quarterly cadence, consistent with standard practice for US-listed equities.
Vicor's results have reflected the cyclical nature of the power electronics supply chain, with revenue sensitive to order patterns from large OEM customers in defense, telecom, and industrial end markets. The company's cost structure and product mix can cause meaningful swings in profitability quarter to quarter.
For the most recent quarter's results and guidance commentary, visit Vicor Corporation's investor relations page directly.
VICR Price History
+173.4% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in Vicor Corporation?
Based on Vicor Corporation's historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
VICR Long-term Outlook
Vicor's Growth pillar rating of Good suggests the business has identifiable tailwinds supporting its expansion path. Demand for high-density power conversion is rising across AI server infrastructure, defense electronics modernization, and vehicle electrification — all markets Vicor actively serves. However, the Elevated Valuation pillar indicates that much of this anticipated growth may already be reflected in the current share price, leaving limited margin for error if execution disappoints. The Strong Risk pillar provides some reassurance that the balance sheet and financial structure are not adding meaningful additional vulnerability.
Growth drivers
- Rising power density requirements in AI and data center infrastructure
- Defense and aerospace electronics modernization programs
- Vehicle electrification driving demand for advanced DC-DC conversion
Key risks
- Elevated valuation leaves little room for growth shortfalls
- Customer concentration among large OEMs creates revenue lumpiness
- Competitive pressure from larger, diversified power semiconductor firms
VICR vs Peers
Vicor operates in a competitive segment of the electronic components market alongside companies that address overlapping industrial and technology end markets.
Littelfuse competes across a broader range of circuit protection and power control components, giving it more diversified end-market exposure than Vicor's focused power conversion niche.
Sanmina operates primarily as a contract electronics manufacturer, competing with Vicor indirectly through its role as a supply chain partner and alternative solution provider for OEM customers.
Cognex focuses on machine vision systems for industrial automation, sharing Vicor's exposure to factory and industrial end markets but competing on a fundamentally different technology layer.
Frequently Asked Questions
What does Vicor Corporation do?
Vicor designs, manufactures, and sells modular power components — primarily DC-DC converters and related accessories — used to convert electrical power inside complex electronic systems. Its customers include original equipment manufacturers in defense, aerospace, industrial automation, telecommunications, and vehicle electrification markets.
Does VICR pay dividends?
Vicor does not currently pay a dividend. The company retains its earnings to support ongoing investment in product development and manufacturing capacity, which is typical for technology-oriented component makers focused on long-term growth in specialized markets.
When does VICR report earnings?
Vicor reports financial results on a quarterly basis, in line with standard US-listed company practice. For precise dates and the most recent earnings releases, check Vicor's official investor relations page rather than relying on third-party estimates.
Is VICR a good stock to buy?
UQS Score rates VICR as Good overall. The Risk pillar is Strong and the Growth pillar is Good, but Valuation is Elevated and both Quality and Moat are Neutral. Whether that profile fits your investment criteria depends on your own risk tolerance and time horizon — the full pillar breakdown is available to Pro members.
Is VICR overvalued?
The UQS Valuation pillar for VICR is rated Elevated, suggesting the current market price reflects a meaningful premium relative to fundamental benchmarks. This does not mean the stock will decline, but it does indicate that investors are paying up for anticipated future growth.
How does VICR compare to its competitors?
Vicor occupies a focused niche in modular power conversion, differentiating itself from broader component makers like Littelfuse and contract manufacturers like Sanmina. Its specialization can be an advantage in high-performance applications but also limits the diversification that larger peers enjoy. See the competitor section above for more context.
What is VICR's market cap bracket?
Vicor Corporation is classified as a mid-cap company. This places it in a segment of the market that often combines meaningful operational scale with greater growth potential than large-cap peers, though mid-cap stocks can also carry higher volatility.
Who founded Vicor Corporation?
Vicor Corporation was founded by Patrizio Vinciarelli, who has served as its chief executive since the company's early years. Founding details are widely available through Vicor's official corporate history and public filings.
Is VICR a long-term quality indicator?
From a UQS perspective, VICR's Good overall score reflects a mix of genuine strengths — particularly in Risk and Growth — alongside Neutral readings on Quality and Moat. Long-term investors should weigh whether the business can convert its growth opportunity into stronger, more durable competitive advantages over time.
What is the main competitive advantage of Vicor Corporation?
Vicor's primary differentiation lies in its proprietary modular power architecture, which targets high-density, high-efficiency power conversion for demanding applications. This technical focus has allowed it to build relationships with OEMs in defense, aerospace, and advanced computing where performance requirements are stringent.
What sector does VICR belong to?
Vicor Corporation is classified within the Technology sector, specifically in the electronic components and power management segment. Its products sit at the intersection of hardware manufacturing and power engineering, serving both industrial and high-technology end markets.
Is VICR a growth stock or value stock?
Based on UQS pillar labels, VICR leans toward the growth side — the Growth pillar is rated Good, while the Valuation pillar is Elevated, consistent with a market that is pricing in future expansion rather than current earnings. It does not exhibit the characteristics typically associated with deep-value investing.
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Pro Analysis
VICR — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 22, 2026 | 55.2 | 50.0 | 47.0 | 69.7 | 82.4 | 31.3 | +0.7 |
| May 7, 2026 | 54.5 | 47.2 | 47.0 | 69.7 | 82.4 | 31.0 | 0.0 |
| May 3, 2026 | 54.5 | 47.2 | 47.0 | 69.7 | 82.4 | 31.3 | 0.0 |
| Apr 26, 2026 | 54.5 | 47.2 | 47.0 | 69.7 | 82.4 | 31.2 | -0.3 |
| Apr 23, 2026 | 54.7 | 47.2 | 47.0 | 69.7 | 82.4 | 32.7 | +0.1 |
| Apr 22, 2026 | 54.6 | 47.2 | 47.0 | 69.7 | 82.4 | 31.8 | +0.1 |
| Apr 19, 2026 | 54.5 | 47.2 | 47.0 | 69.7 | 82.4 | 31.1 | -0.3 |
| Apr 18, 2026 | 54.8 | 47.2 | 47.0 | 69.7 | 82.4 | 32.7 | -1.2 |
| Apr 12, 2026 | 56.0 | 47.2 | 47.0 | 69.7 | 82.4 | 40.9 | -0.4 |
| Apr 5, 2026 | 56.4 | 47.2 | 47.0 | 69.7 | 82.4 | 43.7 | +0.2 |
VICR — Pillar Breakdown
Quality
— 50.0/100 (25%)Vicor Corporation has average quality metrics, with room for improvement in margins or capital efficiency.
How effectively capital is deployed to generate returns.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Asset productivity — how much gross profit each dollar of assets generates.
Free cash flow relative to market value.
Growth
— 69.7/100 (20%)Vicor Corporation demonstrates healthy growth trends across revenue and earnings.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 82.4/100 (15%)Vicor Corporation carries minimal financial risk with conservative leverage and strong solvency.
Debt levels relative to earnings capacity.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 31.3/100 (15%)Vicor Corporation appears expensively valued relative to its fundamentals and growth prospects.
Inverse of forward P/E — higher yield means cheaper stock.
How many years of FCF the market cap represents.
P/E relative to earnings growth — lower is more attractive.
Enterprise value multiple relative to sector median.
Moat
— 47/100 (25%)Vicor Corporation possesses some competitive advantages but faces meaningful competition. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for VICR.
Score Composition
Financial Data
More Stock Analysis
How is the VICR UQS Score Calculated?
The UQS (Unified Quality Score) for Vicor Corporation is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses Vicor Corporation's competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether Vicor Corporation is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.