VICR
Vicor Corporation
VICR's fundamentals are strong and it looks cheap: trading at 43x earnings, about half its usual 89x. Analysts expect strong earnings growth.
VICR Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Stable | |
| Strong |
VICR's revenue, profitability and balance sheet are currently strong, and its cash flow is stable.
VICR PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 29x | $165 | — |
| Current | 43x | $165 | — |
| Cheap | 54x | $206 | +25% |
| Fair | 88x | $338 | +105% |
| Expensive | 337x | $1,287 | +682% |
Historical ranges are pointers, not guarantees.
VICR's PE is in its cheap range at 43x. If earnings grow as analysts expect, today's price would be 29x next year's earnings.
VICR Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect strong earnings and revenue growth for VICR, with profitability improving.
VICR Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $5.66 | +48% |
| Q3 2026 | $3.82 | +108% |
| Q2 2026 | $3.12 | +112% |
| Q1 2026 | $2.99 | +464% |
| Q4 2025 | $2.61 | +1764% |
| Q3 2025 | $1.84 | +1944% |
| Q2 2025 | $1.47 | +635% |
| Q1 2025 | $0.53 | -13% |
| Q4 2024 | $0.14 | -88% |
VICR earned $3.82 per share over the past year, up 108% from the year before.
VICR Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $197.1M | +79% |
| Q2 2026 | $143.4M | +1.6% |
| Q1 2026 | $113M | +20% |
| Q4 2025 | $107.3M | +12% |
| Q3 2025 | $110.4M | +19% |
| Q2 2025 | $141M | +64% |
| Q1 2025 | $94M | +12% |
| Q4 2024 | $96.2M | +3.8% |
VICR's revenue has grown year over year for eight quarters in a row: $197M last quarter, up 79% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 37% | +18 points |
| Q2 2026 | 24% | -7.9 points |
| Q1 2026 | 15% | +15 points |
| Q4 2025 | 15% | +5 points |
| Q3 2025 | 19% | +13 points |
| Q2 2025 | 32% | +32 points |
| Q1 2025 | -0.2% | +19 points |
| Q4 2024 | 9.6% | +1.6 points |
VICR's operating margin was 37% last quarter, up 18 points from the same quarter a year ago, near the top of its range since 2019.
VICR Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $34M | -1.3% |
| Q2 2026 | $23M | -61% |
| Q1 2026 | -$16.3M | -205% |
| Q4 2025 | $10.2M | +21% |
| Q3 2025 | $34.5M | +144% |
| Q2 2025 | $59M | +526% |
| Q1 2025 | $15.6M | +$20.3M |
| Q4 2024 | $8.4M | -42% |
VICR generated $51M in free cash flow over the past year, down 57% from the year before.
VICR Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.2% | -99K shares |
| 1 year | +6% | +2.7M shares |
| 3 years | +5.4% | +2.4M shares |
| 5 years | +5.7% | +2.6M shares |
| Available history | +14% | +5.9M shares |
VICR has 48M diluted shares, up 6% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q4 2025 | $2.2M |
| Q3 2025 | $15.4M |
| Q4 2024 | — |
VICR Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -3.2x | Net Cash |
| Q2 2026 | -4.1x | Net Cash |
| Q1 2026 | -3.4x | Net Cash |
| Q4 2025 | -3.9x | Net Cash |
| Q3 2025 | -3.8x | Net Cash |
| Q2 2025 | -4.3x | Net Cash |
| Q1 2025 | -8.8x | Net Cash |
| Q4 2024 | -16.0x | Net Cash |
VICR has more cash than debt.
VICR Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 42.9 | Neutral |
| Stochastic | 13.5 | Oversold |
VICR's weekly RSI is 43 (neutral) and its Stochastic is 14 (oversold).
VICR PE vs Technology Sector
| Metric | VICR | Sector median | Relative |
|---|---|---|---|
| PE | 43x | 28x | 55% above |
| PE % | 11 | 35 | 24 pts below |
VICR is trading at 43x earnings, a 55% premium to the Technology sector's median of 28x.
VICR Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $215.9 | 24% below |
| 20 week MA | $219.6 | 25% below |
| 50 week MA | $206.6 | 20% below |
| 100 week MA | $130.3 | 26% above |
| 200 week MA | $88.4 | 86% above |
VICR has pulled back, but its long-term trend is still up: it's below its 8-, 20- and 50-week averages, but 86% above its 200-week average.
VICR Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $45.6 | $93.9 | +106% |
| 2021 | $93.9 | $124.0 | +32% |
| 2022 | $124.0 | $52.6 | -58% |
| 2023 | $52.6 | $44.9 | -15% |
| 2024 | $44.9 | $49.9 | +11% |
| 2025 | $49.9 | $111.0 | +123% |
| 2026 YTD | $111.0 | $164.7 | +48% |
VICR's yearly returns have swung widely, from +123% in 2025 to −58% in 2022. It's up 48% so far in 2026.