Vicor Corporation (VICR) Stock

Vicor Corporation (VICR) is a Technology stock trading at $237.40 (as of 2026-07-17), with a market capitalization of $2.79B and a trailing P/E of 20.4. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Vicor Corporation designs, develops, manufactures, and markets modular power components and power systems that convert electrical power, including brick-format DC-DC converters and related input/output voltage and output power products, accessories, and custom power systems. It sells to independent electronic device manufacturers, original equipment manufacturers, and their contract manufacturers across aerospace/aviation, defense, industrial automation, instrumentation, test equipment, lighting, telecommunications, and vehicles/transportation.

Understand Vicor Corporation: how it makes money

Vicor designs, develops, and manufactures modular power conversion components and power systems (including brick-format DC-DC converters) that are sold to device manufacturers and original equipment manufacturers, generating revenue primarily from product sales.

Vicor’s profit engine is product revenue from modular power components and systems, with demand momentum often tracked through order intake indicators like Book-to-Bill and Book-to-Build.

Revenue by segment (latest quarter)
Products	$0.1B

Business quality (Solid): Margin and working capital metrics are provided for the latest quarter, and order intake indicators are available, but the segment detail is limited to product versus other revenue lines.

Valuation: At 109× earnings, VICR trades 113% above the Semiconductors average (51×). Note: one-time items can distort reported P/E.

Bull case

Order intake momentum: Book-to-Bill Ratio is 2.0 and Book-to-Build is 0.98 in the latest quarter, indicating demand strength relative to sales.
Healthy profitability for the quarter: Gross margin is 55.2% and operating margin is 14.9% for the period ended 2026-03-31.
Manufacturing execution visibility: Chip Foundry Final Test Yields are 98.0%, which supports confidence in production quality outcomes.

Bear case

Demand and customer concentration risk: Vicor sells to independent manufacturers of electronic devices and original equipment manufacturers, so changes in their production needs can impact bookings and sales.
Working capital sensitivity: Days Sales Outstanding for Trade Receivables is 42.0 and Annualized Inventory Turns is 2.1, which can affect cash generation if collections or inventory management deteriorate.
Scale of revenue: Latest quarter revenue is about 0.09 to 0.1 billion USD, so large swings in orders or fulfillment can have an outsized impact.

Valuation — source: SEC EDGAR (first-party)
Price	$237.40
Market Cap	$2.79B
P/E Ratio	20.4
EV / EBITDA	19.9
Price / Book	3.70
Price / Sales	5.92
FCF Yield	3.1%
DCF Value (model)	$29.46
DCF Upside vs Price	-87.6%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$452.70M
Net Margin	26.2%
Revenue Growth (YoY)	20.2%
EPS Growth (YoY)	650.0%
FCF Growth (YoY)	-204.8%

Financial Health — source: SEC EDGAR
Altman Z-Score	89.93 (safe)

Valuation vs Sector & Industry
Stock P/E	20.4
Sector P/E (Technology)	34.7
Industry P/E (Electronic Equipment)	40.6
vs Sector	-41.1%
vs Industry	-49.7%

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	BlackRock, Inc. ($464.38M)
Institutional Holders Tracked	10
Congressional Trades (recent)	2

Company
Sector	Technology
Industry	Electronic Equipment
CEO	Patrizio Vinciarelli
Employees	1,074
Country	US
IPO Date	1990-04-03

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Data as of 2026-07-17.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.