Vicor Corporation research snapshot
VICR AI stock analysis currently reads Vicor Corporation as a high-density modular power conversion company tied to AI accelerators, data centers, aerospace, industrial systems, and power architecture IP. At the August 3, 2026 data cutoff, VICR closed near $207.37 on the July 31 session and the audited market-cap check produced about $9.56 billion using 46.10 million shares outstanding at June 30, 2026, matching the reported market cap within 0.01%. Q2 2026 net revenue rose 49% year over year to $143.4 million, with product revenue up 32% to $112.9 million and royalty revenue up 194% to $30.4 million partly because of a new license agreement signed in the quarter. Net income attributable to Vicor was $49.8 million with diluted EPS of $1.04, H1 2026 revenue was $256.3 million, and 12-month backlog reached $379.7 million. The positive case is that Vicor sits on patented Factorized Power Architecture, 48V power delivery, and an expanding licensing stream as AI compute density rises. The caution is that the VICR AI stock forecast starts from about 66x TTM EPS near $3.12 and roughly 20x TTM sales, that TTM free cash flow is depressed near $0.77 per share by a one-time $28.6 million SynQor judgment payment and higher capex, and that the stock is still about 46% below its June 30 peak after a volatile re-rating.
Current price
$207.37 close reference
Market cap
$9.56 billion verified market cap
AI score
63 / 100
Rating
High-density AI power conversion specialist with a strong Q2 2026 revenue and royalty beat and a sharp post-peak drawdown that still leaves valuation near 66x trailing earnings and 20x sales
Trend status
Sharp correction from the late-June peak: price sits below the 20-day, 50-day and 100-day averages and only modestly above the 200-day average near $187, after testing the 200-day and bouncing about 13% on July 30
Data cutoff (updated monthly)
August 4, 2026
Informational use only. This page is not investment advice.
| Dimension | Conclusion | Confidence |
|---|---|---|
| Business quality | Vicor designs and sells modular power components and complete power systems that convert, condition, and deliver high-density power for AI accelerators, servers, data centers, aerospace, industrial, and other advanced electronics customers. | High |
| Moat | The moat comes from Factorized Power Architecture IP, high-density converter design, patent enforcement, manufacturing know-how, switching costs once Vicor power stages are designed into boards, and a growing right-to-use license royalty stream. | Medium-high |
| Management | Founder CEO Dr. Patrizio Vinciarelli has led Vicor since 1981 and remains central to technology and patent strategy. Dual-class Class B control supports long-term R&D focus, but key-person, succession, and dilution risk from employee option exercises are real. | Medium-high |
| Financial trend | Q2 2026 net revenue rose 49% year over year to $143.4 million, royalty revenue grew 194% partly from a new license, backlog reached $379.7 million, and diluted EPS was $1.04, while H1 2026 net income was $70.4 million. | High |
| Valuation | At $207.37, audited math shows about 66.5x TTM EPS near $3.12, about 20.2x TTM sales, about 11.5x book value near $18.10, and a depressed roughly 270x TTM free cash flow near $0.77 per share. | High |
| Technical trend | The long-term trend is being tested because price sits just above the 200-day average near $186.68 but below the 20-day near $235, the 100-day near $250, and the 50-day near $284, with RSI near 36 to 39 after a 13% oversold bounce on July 30. | Medium |
| Risk level | Key risks are data center and hyperscaler customer concentration, new-license royalty durability, AI capex cyclicality, high volatility, a pending securities class action, founder key-person risk, dual-class governance, tariff costs, and multiple compression from a still-premium valuation. | Medium-high |
| AI confidence | Descriptive data confidence is high because SEC filings, company IR, Yahoo Finance, and Barchart align. Return confidence is lower because the valuation still embeds rapid AI power adoption and durable royalty leverage. | High data confidence |
| Investment certainty | VICR looks like a real high-density power specialist with a strong quarter, but the current price still requires sustained AI-related growth, recurring license royalties, high gross margins, and continued investor willingness to pay a technology premium. | Medium-low |
VICR AI stock forecast
The VICR AI stock forecast uses the $207.37 price reference, TTM EPS near $3.12, and a three-year earnings multiple framework. The audited model produced a bearish value near $72, a base value near $142, and a bullish value near $384 before dividends. These are scenario ranges, not promises, and the current price sits between the base and bullish values.
$360 to $400
More likely if AI accelerator power density keeps rising, Vicor wins more board-level and rack-level design sockets, the new license agreement becomes a recurring royalty stream, EPS compounds near 30% to 35% annually, and investors keep assigning a premium growth multiple near 50x.
$130 to $160
More likely if product revenue grows about 15% annually, royalty revenue normalizes to recurring streams rather than one-time license payments, gross margin holds near the high 50s, and the market compresses VICR toward a low-30s earnings multiple as growth normalizes from the re-rating phase.
$60 to $80
More likely if AI server power designs shift away from Vicor, competitors undercut price, the new license royalty disappoints or proves one-time, hyperscale capex digests, customer concentration stress emerges, or investors re-rate the stock toward a low-20s or high-teens industrial multiple.
VICR AI technical analysis
VICR AI technical analysis uses Yahoo Finance daily history and Barchart tables available at the August 3, 2026 cutoff. VICR closed near $207.37 on July 31, with a 20-day average near $235.05, a 50-day average near $284.48, a 100-day average near $250.41, a 200-day average near $186.68, RSI near 36 to 39, 20-day average volume near 0.90 million shares, a 52-week range of $41.76 to $382.65, and a July 29 low near $182.77. The stock peaked near $380 in late June, corrected roughly 50% into July 29, then rebounded about 13% on July 30 after testing the 200-day moving average.
| Level | Value | Why it matters |
|---|---|---|
| Current price | $207.37 | Daily close on the July 31, 2026 session used as the static reference at the August 3, 2026 data cutoff. |
| Immediate support | $198 to $206 | This band covers the July 31 session low near $206.50 and the 5-day moving average near $199.07 after the late-July flush. |
| Major support | $183 to $187 | The July 29 low near $182.77 and the 200-day moving average near $186.68 form the key long-term support test. |
| First resistance | $235 to $250 | The 20-day moving average near $235.05 and the 100-day moving average near $250.41 sit overhead as the nearest recovery targets. |
| Major resistance | $284 to $300 | The 50-day moving average near $284.48 is the main overhead supply zone once price reclaims the 20-day and 100-day band. |
| Upper resistance | $350 to $383 | The late-June peak area near $350 to $380 and the 52-week high at $382.65 cap the upper range of the recent advance. |
| Moving averages | 5-day near $199.07, 20-day near $235.05, 50-day near $284.48, 100-day near $250.41, 200-day near $186.68 | Price is below the 20-day, 50-day and 100-day averages and only modestly above the 200-day average, which keeps the short-term trend negative until the 20-day band is reclaimed. |
| Momentum | RSI near 36 to 39 | Momentum is soft and was oversold before the July 30 rebound. The bearish directional setup with negative directional index above positive directional index still favors caution until momentum turns. |
| Volume | About 0.90 million 20-day average volume | The July 30 rebound came on above-average turnover, which supports a near-term stabilization, but reclaiming the $235 to $250 band needs follow-through volume. |
| Volatility | Very high beta near 2.34 with 14-day ATR near $26 | Daily average true range is roughly 12.6% of price and historic volatility is near 97% to 113%, so swings can be extreme. The 52-week range runs from $41.76 to $382.65. |
| Invalidation | Close below $183 | A decisive close below the July 29 low near $182.77 and the 200-day moving average would break the long-term trend setup used in this page. |
VICR AI trading strategy
The VICR AI trading strategy below is a rules-based research framework, not personal financial advice. It connects chart levels with AI power design wins, license royalty durability, product revenue growth, gross margin, free cash flow, backlog conversion, and valuation discipline.
Watch for VICR to reclaim and hold the $235 to $250 moving-average band with improving volume while next earnings confirm product revenue growth, recurring royalty income, gross margin, backlog conversion, and AI or high-density power design-win progress.
A failed reclaim of the 20-day average, weaker backlog or order commentary, or signs that AI power sockets are delayed should reduce trend-following confidence.
If VICR retests the $183 to $187 support zone without a break in high-density power fundamentals, compare the lower price with TTM EPS, free cash flow excluding one-time litigation, cash on the balance sheet, backlog, license royalty quality, and the base scenario.
Do not treat a lower price as automatically attractive if the cause is lost design wins, one-time license revenue, margin compression, customer concentration stress, or a durable AI server power slowdown.
Track product revenue, royalty revenue and how much of it is one-time versus recurring, patent and legal outcomes, gross margin, operating margin, free cash flow excluding the SynQor payment, cash balance, R&D intensity, customer concentration, diluted share count, and analyst EPS revisions.
Position sizing should reflect that VICR is a high-beta, high-volatility AI-linked power technology stock with elevated valuation sensitivity, customer concentration, and founder key-person risk.
Investment research summary
Customers pay Vicor because high-density AI and advanced electronics systems need compact, efficient modular power conversion that can deliver current and voltage integrity where board space, thermal budgets, and 48V distribution matter.
Vicor has a technology and IP moat from Factorized Power Architecture, patented converter topologies, high-density packaging, design-in stickiness, active patent enforcement, and a right-to-use license royalty stream that expanded sharply in Q2 2026 with a new license agreement.
The thesis fails if AI customers redesign away from Vicor, competitors ship good-enough alternatives cheaper, the new license royalty proves one-time rather than recurring, hyperscale AI capex digests, customer concentration bites, the securities class action escalates, or the market no longer pays a premium earnings multiple.
Dr. Patrizio Vinciarelli founded Vicor in 1981 and remains Chairman, President, and CEO with deep technical ownership of the power architecture roadmap. That continuity is a strength for innovation and IP strategy, but it concentrates key-person and dual-class governance risk, and heavy employee option exercises expanded diluted share count in the first half of 2026.
The industry trend is favorable because AI training and inference raise current density, board-level power distribution complexity, thermal constraints, and demand for efficient intermediate bus conversion across data centers, but the market is cyclical and sensitive to hyperscale capital spending and design-socket timing.
At $207.37, VICR has strong strategic positioning but still limited traditional margin of safety. The price implies sustained EPS growth, durable license royalties, high cash conversion, and continued premium-multiple support even after a roughly 46% drawdown from the June peak.
Source-backed data
Every metric below includes a source and last verification date.
| Metric | Value | Source | Last verified |
|---|---|---|---|
| VICR quote reference | $207.37 close on the July 31, 2026 session used at the August 3, 2026 cutoff | Yahoo Finance VICR quote and daily chart API | August 3, 2026 |
| Market capitalization verification | $9.56 billion calculated from $207.37 x 46,101,199 shares, matching reported market cap within 0.01% | Pineify financial_rigor.py verify-market-cap and Yahoo Finance VICR market cap | August 3, 2026 |
| Shares outstanding | 46,101,199 shares at June 30, 2026 (Class B 11,717,718 plus Common 34,383,481); Q2 2026 diluted weighted average shares 47.71 million | Vicor Q2 2026 Form 10-Q | August 3, 2026 |
| Q2 2026 revenue | Net revenue $143.4 million, up 49% year over year, with product revenue $112.9 million up 32% and royalty revenue $30.4 million up 194% partly from a new license agreement; no patent settlement in Q2 2026 | Vicor Q2 2026 Form 10-Q filed July 29, 2026 and July 21, 2026 earnings release | August 3, 2026 |
| Q2 2026 net income and EPS | Net income attributable to Vicor $49.8 million and diluted EPS $1.04, versus $41.2 million and $0.91 in Q2 2025 which included the $45 million patent settlement | Vicor Q2 2026 Form 10-Q | August 3, 2026 |
| H1 2026 revenue, net income, and EPS | Revenue $256.3 million up 34.9%, net income attributable $70.4 million, and diluted EPS $1.48 | Vicor Q2 2026 Form 10-Q | August 3, 2026 |
| FY2025 revenue, net income, and EPS | Total revenue $452.7 million including a $45 million patent settlement, product plus royalty revenue $407.7 million, net income $118.6 million, and diluted EPS $2.61 | Vicor FY2025 Form 10-K and SEC XBRL company facts | August 3, 2026 |
| Gross margin and operating income | Q2 2026 gross margin 58.0% of net revenues and operating income $34.9 million; H1 2026 gross margin 56.8% and operating income $51.8 million | Vicor Q2 2026 Form 10-Q | August 3, 2026 |
| Backlog, cash, and balance sheet | 12-month backlog $379.7 million at June 30, 2026, cash and cash equivalents $453.6 million, no material debt, and stockholders equity $834.3 million | Vicor Q2 2026 Form 10-Q | August 3, 2026 |
| TTM figures | TTM revenue about $474 million, TTM net income about $145 million, and TTM diluted EPS about $3.12; TTM free cash flow about $36 million or $0.77 per share, depressed by the $28.6 million SynQor payment and higher capex versus about $119 million FY2025 FCF | Pineify financial_rigor.py and SEC XBRL company facts | August 3, 2026 |
| Valuation multiples at cutoff | About 66.5x TTM EPS near $3.12, about 20.2x TTM sales near $10.28 per share, about 11.5x book value near $18.10, and a depressed roughly 270x TTM free cash flow | Pineify financial_rigor.py verify-valuation and Yahoo Finance VICR statistics | August 3, 2026 |
| Technical snapshot | SMA20 near $235.05, SMA50 near $284.48, SMA100 near $250.41, SMA200 near $186.68, RSI near 36 to 39, 20-day average volume near 0.90M, 52-week range $41.76 to $382.65 | Yahoo Finance daily history cross-checked with Barchart technical tables | August 3, 2026 |
| Legal status | SynQor judgment of about $28.56 million paid in full on March 18, 2026 after the Federal Circuit affirmed in February 2026; a securities class action remains pending after a motion to dismiss was granted with leave to amend in June 2025 | Vicor Q2 2026 Form 10-Q Note 11 | August 3, 2026 |
This VICR AI stock analysis is an informational research tool only and is not investment advice, financial advice, or a recommendation to buy or sell any security. Forecast scenarios are based on available public data at the stated cutoff date and can be wrong. Always verify current filings, market data, valuation, and risk factors before making financial decisions.
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