Upside case
Bull case
$144-56.5%
The bull case prices VICR at 48x on FY1 earnings, assuming continued execution and no meaningful deceleration in the core business.
Analysis OverviewBuyUpdated Jun 18, 2026
Vicor Corporation (VICR) Stock Analysis
Wall Street verdict, consensus price target, and analyst rating breakdown — everything needed to frame the risk/reward at today's price.
Analyst consensus
Buy
Covering
7
analysts
5 bullish · 0 bearish · 7 covering VICR
Strong Buy
0
Buy
5
Hold
2
Sell
0
Strong Sell
0
Consensus Target
$298
-10.2% vs today
Scenario Range
$69 – $144
Model bear to bull value window
Coverage
7
Published analyst ratings
Valuation Context
111.5x
Forward P/E · Market cap $14.9B
VICR price targets
Three scenarios for where VICR stock could go
Current
~$331
Confidence
43 / 100
Updated
Jun 18, 2026
Where we are now
Current · $331
Bear
$69
Base
$109
Bull
$144
Market caseClosest to today
Base case
$109-67.0%
At 37x on FY1 earnings, the base case reflects a reasonable but not stretched valuation. It prices in continued growth without assuming an exceptional setup.
Stress case
Bear case
$69-79.2%
If investor confidence fades or macro conditions deteriorate, a 88x multiple contraction could push VICR down roughly 79% from where it trades now.
Not financial advice. Model confidence reflects internal scenario assumptions, not a guarantee of returns. Past performance does not predict future results.
Vicor Corporation
VICR · NASDAQTechnologyHardware, Equipment & PartsDecember year-end
Vicor Corporation designs and manufactures modular power components and systems that convert electrical power for various electronic devices. It generates revenue primarily from selling DC-DC converters and complementary power components — with aerospace/defense and telecommunications/networking being key end markets — along with custom power system solutions. The company's competitive advantage lies in its proprietary power conversion technologies and modular architecture that enable high-density, efficient power delivery for demanding applications.
Market Cap
$14.9B
Revenue TTM
$453M
Net Income TTM
$119M
Net Margin
26.2%
VICR Revenue and Earnings Performance
Quarterly beat-or-miss track record against analyst estimates, plus forward revenue and EPS outlook for the next two fiscal years.
EPS Beat Rate
67%Exceptional
12 quarters tracked
Revenue Beat Rate
67%Exceptional
vs consensus estimates
Avg EPS Surprise
+41.1%
above Street consensus
Beat / Miss Record
BeatMissLeft = EPS · Right = Revenue
Q3 2025
Q4 2025
Q1 2026
Q2 2026
Last 4 Quarters
EPS beats: 4 of 4Q3 2025
EPS
$0.91/$0.20
Revenue
$96M/$95M
Q4 2025
EPS
$0.63/$0.48
Revenue
$110M/$108M
Q1 2026
EPS
$1.01/$0.38
Revenue
$107M/$108M
Q2 2026
EPS
$0.44/$0.40
Revenue
$113M/$109M
| Quarter | EPS (Actual / Est) | EPS Surprise | Revenue (Actual / Est) | Rev Surprise |
|---|---|---|---|---|
| Q3 2025 | $0.91/$0.20 | +355.0% | $96M/$95M | +0.7% |
| Q4 2025 | $0.63/$0.48 | +32.2% | $110M/$108M | +2.5% |
| Q1 2026 | $1.01/$0.38 | +165.8% | $107M/$108M | -0.5% |
| Q2 2026 | $0.44/$0.40 | +10.0% | $113M/$109M | +3.3% |
FY1–FY2 Estimates
Revenue Outlook
FY1
$496M
+9.7% YoY
FY2
$553M
+11.3% YoY
EPS Outlook
FY1
$2.34
-8.8% YoY
FY2
$2.43
+4.0% YoY
Trailing FCF (TTM)$119M
FCF Margin: 26.3%
Next Earnings
July 28, 2026
Expected EPS
$0.55
Expected Revenue
$130M
VICR beat EPS estimates in 4 of 4 tracked quarters. A perfect track record raises the bar for the upcoming report.
VICR Revenue Breakdown by Segment
Product and geographic revenue mix from the latest annual disclosure, with year-over-year growth by segment.
Latest disclosure
FY 2025
Total disclosed revenue $408M
Product Mix
Latest annual revenue by segment or product family
AdvancedProducts
61.0%
+26.0% YoY
Tap, hover, or focus a slice to inspect segment detail.
Geographic Mix
Latest annual revenue by reported region
UNITED STATES
49.2%
YoY unavailable
Tap, hover, or focus a slice to inspect segment detail.
AdvancedProducts is the largest disclosed segment at 61.0% of FY 2025 revenue, up 26.0% YoY.
UNITED STATES is the largest reported region at 49.2%, with no year-over-year comparison yet.
VICR Valuation Snapshot
Current multiples compared to the S&P 500, the company's sector, and its own five-year average.
Relative Value Signal
Expensive versus peers
Fair value est. $208 — implies -37.3% from today's price.
Premium to Fair Value
37.3%
above fair value
Deep DiscountFair ValueVery Expensive
vs S&P 500 Trailing P/E
VICR
127.0x
vs
S&P 500
24.4x
+419% premium
vs Technology Trailing P/E
VICR
127.0x
vs
Technology
29.0x
+338% premium
vs VICR 5Y Avg P/E
Today
127.0x
vs
5Y Average
68.7x
+85% premium
Forward PE
111.5x
S&P 500
18.8x
+493%
Technology
22.3x
+401%
5Y Avg
—
—
Trailing PE
127.0x
S&P 500
24.4x
+419%
Technology
29.0x
+338%
5Y Avg
68.7x
+85%
PEG Ratio
2.83x
S&P 500
1.66x
+71%
Technology
1.51x
+88%
5Y Avg
—
—
EV/EBITDA
252.6x
S&P 500
15.2x
+1561%
Technology
16.6x
+1420%
5Y Avg
60.4x
+319%
Price/FCF
125.3x
S&P 500
20.7x
+506%
Technology
19.2x
+553%
5Y Avg
56.9x
+120%
Price/Sales
36.7x
S&P 500
3.1x
+1086%
Technology
2.4x
+1403%
5Y Avg
9.0x
+307%
Dividend Yield
—
S&P 500
1.91%
—
Technology
1.11%
—
5Y Avg
—
—
| Metric | VICR | S&P 500 | Technology | 5Y Avg VICR |
|---|---|---|---|---|
| Forward PE | 111.5x | 18.8x+493% | 22.3x+401% | — |
| Trailing PE | 127.0x | 24.4x+419% | 29.0x+338% | 68.7x+85% |
| PEG Ratio | 2.83x | 1.66x+71% | 1.51x+88% | — |
| EV/EBITDA | 252.6x | 15.2x+1561% | 16.6x+1420% | 60.4x+319% |
| Price/FCF | 125.3x | 20.7x+506% | 19.2x+553% | 56.9x+120% |
| Price/Sales | 36.7x | 3.1x+1086% | 2.4x+1403% | 9.0x+307% |
| Dividend Yield | — | 1.91% | 1.11% | — |
VICR trades above S&P 500 benchmarks on 6 of 6 measured multiples — commands a broad premium across most valuation dimensions.
Forward P/E and PEG reflect analyst consensus estimates. Historical averages use trailing ratios where forward data is unavailable.S&P 500 and sector benchmarks both use trailing median P/E — similar readings indicate the broader index and sector are priced alike.
Open valuation toolVICR Financial Health
Verdict
Strong
VICR generates $119M in free cash flow at a 26.3% margin.
Cash Engine
Revenue, margins, and cash generation
Revenue (TTM)
Trailing-twelve-month sales base
$453M
Revenue Growth
TTM vs prior year
+26.1%
Gross Margin
Gross profit as a share of revenue
57.3%
Operating Margin
Operating income divided by revenue
18.1%
Net Margin
Net income divided by revenue
26.2%
EPS (TTM)
Diluted earnings per share, trailing twelve months
$2.56
Free Cash Flow (TTM)
Cash generation after capex
$119M
FCF Margin
FCF as share of revenue — the primary cash quality signal
26.3%
Capital Quality
ROIC, leverage, and debt serviceability
ROIC
Return on invested capital — primary competitive quality signal
8.9%
ROA
Return on assets, trailing twelve months
16.6%
Cash & Equivalents
Liquid assets on the balance sheet
$403M
Net Cash
Cash exceeds total debt — no net leverage
$390M
Debt Serviceability
Net debt as a multiple of annual free cash flow
Net cash ✓
ROE
Return on equity, trailing twelve months
18.7%
Shareholder Returns
How capital is returned to owners
Total shareholder yield
0.2%
Dividend
—
Buyback
0.2%
Share Repurchases
Trailing buyback outflow — dollar magnitude of capital returned
$35M
Dividend / Share
Annualized trailing dividend per share
—
Payout Ratio
Share of earnings distributed as dividends
—
Shares Outstanding
Declining as buybacks retire shares
45M
All figures from the trailing twelve months. ROIC uses invested capital (equity + net debt).
Open full ratios pageVICR Stock Risk Factors
Key factors that could pressure the stock price, compress the multiple, or weigh on future results.
AI analysis · updated June 18, 2026
Medium
Operational Expenses
Operating expenses increased due to higher legal costs from aggressive IP enforcement and litigation, impacting profitability.
Medium
Revenue and Profitability Risks
Consolidated operating results are susceptible to various factors that could materially and adversely affect revenues and profitability.
Lower
Mixed Fundamentals
Vicor Corp. demonstrates mixed fundamentals with a net profit margin of 18.3% and a return on equity (ROE) of 2.7%, indicating potential inconsistency in performance.
These are risk mechanisms, not predictions. The key question is which would force a cut to earnings estimates or a lower multiple than the market currently prices in.
Why VICR Stock Could Outperform
Structural drivers behind the upside case and why the stock could outperform over the next 12 months.
AI analysis · updated June 18, 2026
Bullish analyst thesis
A bullish thesis on Vicor Corporation was highlighted on X.com by @TheValueist, suggesting positive sentiment among investors.
High growth valuation multiples
Vicor Corporation's trailing and forward P/E ratios of 90.12 and 82.64 indicate high growth expectations from the market.
Technology sector positioning
Vicor operates in the Technology — Electronic Components sector, which is often associated with innovation and growth potential.
Institutional investment analysis
Detailed investment thesis, moat analysis, and institutional ownership data suggest strong institutional interest in Vicor.
Smart-money flows
The investment case for Vicor is supported by smart-money flows, indicating confidence from sophisticated investors.
A real bull case compounds — each driver matters most when it strengthens margins, supports capital returns, and keeps the company above the market's minimum growth bar simultaneously.
VICR Stock Price Performance
52-week range context and price returns across multiple time horizons. Dividend contribution is shown separately in the Capital Return section.
Current Price
$331.37
52W Range Position
90%
52-Week Range
Current price plotted between the 52-week low and high.
52-Week Low
$41.76
+693.5% from the low
52-Week High
$361.89
-8.4% from the high
1 Month
+33.07%
3 Month
+72.73%
YTD
+183.6%
1 Year
+628.8%
3Y CAGR
+82.5%
5Y CAGR
+29.9%
10Y CAGR
+41.3%
Range context matters because valuation compression and earnings misses rarely hit from the same starting point. A stock already far below its high can still fall, but it is no longer carrying the same embedded optimism as one pressing a fresh peak.
VICR vs Peers
Valuation, growth, and margin comparison against the closest publicly traded peers for this company.
Peer Set
Accurate peer set
Forward PE
111.5x
vs 63.6x median
+75% above peer median
Revenue Growth
+9.7%
vs +9.7% median
-0% below peer median
Net Margin
26.2%
vs 22.1% median
+19% above peer median
| Company | Mkt Cap | Fwd PE | Rev Grw | Margin | Rating | Upside |
|---|---|---|---|---|---|---|
VIC VICR Vicor Corporation | $14.9B | 111.5x | +9.7% | 26.2% | Buy | -10.2% |
MPW MPWR Monolithic Power Systems, Inc. | $76.8B | 65.2x | +21.3% | 22.1% | Buy | +3.3% |
POW POWI Power Integrations, Inc. | $4.9B | 65.3x | +2.9% | 3.7% | Buy | +3.3% |
TXN TXN Texas Instruments Incorporated | $294.0B | 41.9x | +9.7% | 29.1% | Buy | -15.1% |
ADI ADI Analog Devices, Inc. | $211.6B | 35.4x | +12.7% | 26.0% | Buy | +2.3% |
MCH MCHP Microchip Technology Incorporated | $54.0B | 63.6x | +2.7% | -2.2% | Buy | +8.1% |
This peer comparison reflects companies with similar business models, product lines, or market positioning, supplemented by industry grouping when direct matches are limited.
VICR Dividend and Capital Return
VICR returns 0.2% annually — null% through dividends and 0.2% through buybacks.
Dividend UnknownFCF Unknown
Total Shareholder Yield
0.2%
Dividend + buyback return per year
Buyback Yield
0.2%
Dividend Yield
—
Payout Ratio
—
Dividend Profile
Yield, cadence, and growth quality
Dividend / Share
Trailing annualized cash dividend
$0.00
Growth Streak
Consecutive years of dividend increases
0Y
3Y Div CAGR
0.0%
5Y Div CAGR
13.4%
Ex-Dividend Date
—
Payment Cadence
Annual
0 payments over the last 12 months
Buyback Engine
How much per-share support comes from repurchases
Repurchases (TTM)
Cash used for buybacks in the latest trailing period
$35M
Estimated Shares Retired
106.2K
Approx. Share Reduction
0.2%
Shares Outstanding
Current diluted share count from the screening snapshot
45M
| Year | Div / Share | YoY Grw | BB Yield | Total Yield |
|---|---|---|---|---|
| 2011 | $0.15 | -50.0% | 0.0% | 1.9% |
| 2010 | $0.30 | — | 0.0% | 1.8% |
| 2008 | $0.30 | 0.0% | 0.0% | 5.0% |
| 2007 | $0.30 | +11.1% | 0.0% | 1.9% |
| 2006 | $0.27 | +125.0% | 2.3% | 4.8% |
FAQ
7 questionsVICR Investor Questions
Common questions answered from live analyst data and company financials.
01Is Vicor Corporation (VICR) stock a buy or sell in 2026?
Vicor Corporation (VICR) is rated Buy by Wall Street analysts as of 2026. Of 7 analysts covering the stock, 5 rate it Buy or Strong Buy, 2 rate it Hold, and 0 rate it Sell or Strong Sell. The consensus 12-month price target is $298, implying -10.2% from the current price of $331. The bear case scenario is $69 and the bull case is $144.
02What is the VICR stock price target for 2026?
The Wall Street consensus price target for VICR is $298 based on 7 analyst estimates. The high-end target is $350 (+5.6% from today), and the low-end target is $245 (-26.1%). The base case model target is $109.
03Is Vicor Corporation (VICR) stock overvalued in 2026?
VICR trades at 111.5x times forward earnings. The stock trades at a notable premium to the broad market, which is typical for businesses with strong free cash flow and above-average growth expectations. Based on current multiples versus the peer group, the relative model signals expensive versus peers. Whether the stock is over or undervalued ultimately depends on whether consensus earnings estimates are achievable.
04What are the main risks for Vicor Corporation (VICR) stock in 2026?
The primary risks for VICR in 2026 are: (1) Operational Expenses — Operating expenses increased due to higher legal costs from aggressive IP enforcement and litigation, impacting profitability. (2) Revenue and Profitability Risks — Consolidated operating results are susceptible to various factors that could materially and adversely affect revenues and profitability. (3) Mixed Fundamentals — Vicor Corp. Each factor has the potential to pressure earnings or compress the stock's valuation multiple.
05What is Vicor Corporation's revenue and earnings forecast?
Analyst consensus estimates VICR will report consensus revenue of $496M (+9.7% year-over-year) and EPS of $2.34 (-8.8% year-over-year) for the upcoming fiscal year. The following year, analysts project $553M in revenue.
06When does Vicor Corporation (VICR) report its next earnings?
Vicor Corporation is expected to report its next earnings on approximately 2026-07-28. Consensus expects EPS of $0.55 and revenue of $130M. Over recent quarters, VICR has beaten EPS estimates 67% of the time.
07How much free cash flow does Vicor Corporation generate?
Vicor Corporation (VICR) generated $119M in free cash flow over the trailing twelve months — a free cash flow margin of 26.3%. VICR returns capital to shareholders through and share repurchases ($35M TTM).