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 July 12, 2026 data cutoff, VICR closed near $272.05 and the audited market-cap check produced about $12.40 billion using 45.58 million implied shares outstanding, matching the reported market cap. FY2025 revenue was $452.7 million including a $45 million patent litigation settlement, product plus royalty revenue was $407.7 million, net income was $118.6 million, and free cash flow was about $119 million. The positive case is that Vicor sits on patented Factorized Power Architecture, non-isolated bus converters, and licensing leverage as AI compute density rises. The caution is that the VICR AI stock forecast starts from about 91x TTM EPS and roughly 30x sales on product and royalty revenue, so the stock already prices a long runway of AI power adoption.
Current price
$272.05 close reference
Market cap
$12.40 billion verified market cap
AI score
68 / 100
Rating
High-performance AI power conversion specialist with patent strength, sharp earnings recovery, and elevated valuation after a multi-fold rerating
Trend status
Long-term uptrend above the 200-day average, but short-term setup is below the 20-day and 50-day averages after a pullback from the 52-week high
Data cutoff (updated weekly)
July 12, 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, 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, and switching costs once Vicor power stages are designed into boards and systems. | Medium-high |
| Management | Founder CEO Dr. Patrizio Vinciarelli has led Vicor since 1981 and remains central to technology and patent strategy. Dual-class control supports long-term R&D focus, but key-person and succession risk are real. | Medium-high |
| Financial trend | FY2025 total revenue rose to $452.7 million including settlement income, product plus royalty revenue was $407.7 million, net income jumped to $118.6 million, and Q1 2026 revenue was about $113.0 million with diluted EPS of $0.44. | High |
| Valuation | At $272.05, audited math shows about 91.0x TTM EPS near $2.99, about 103.8x FY2025 free cash flow per share near $2.62, about 17.4x book value, and roughly 30x FY2025 product-and-royalty sales. | High |
| Technical trend | The long-term trend remains constructive with price far above the 200-day average near $173.73, but daily technicals are weaker because price is below the 20-day and 50-day averages with RSI near 40 to 45. | Medium |
| Risk level | Key risks are AI server design-win timing, customer concentration, competitor power modules, patent litigation outcomes, founder key-person risk, dual-class governance, cyclical order digests, and multiple compression from a premium valuation. | Medium-high |
| AI confidence | Descriptive data confidence is high because SEC filings, company IR, and market data align. Return confidence is lower because the valuation embeds rapid AI power adoption and durable royalty leverage. | High data confidence |
| Investment certainty | VICR looks like a real high-density power specialist, but the current price requires sustained AI-related growth, high gross margins, cash conversion, and continued investor willingness to pay a technology premium. | Medium-low |
VICR AI stock forecast
The VICR AI stock forecast uses the $272.05 price reference, TTM EPS near $2.99, and a three-year earnings multiple framework. The audited model produced a bearish value near $53.80, a base value near $180.80, and a bullish value near $404.60 before dividends. These are scenario ranges, not promises.
$380 to $420
More likely if AI accelerator power density keeps rising, Vicor wins more board-level and rack-level design sockets, royalty and licensing income stays sticky after patent wins, EPS compounds near mid-30% annually, and investors keep assigning a premium growth multiple above 50x.
$160 to $200
More likely if product revenue grows about 20% annually, gross margin remains elevated, free cash flow stays positive after capacity and R&D spend, and the market compresses VICR toward a mid-30s earnings multiple as growth normalizes from the re-rating phase.
$50 to $70
More likely if AI server power designs shift away from Vicor, competitors undercut price, patent leverage weakens, hyperscale capex digests, EPS stalls, 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 available at the July 12, 2026 cutoff. VICR closed near $272.05, with a 20-day average near $315.94, a 50-day average near $299.19, a 200-day average near $173.73, RSI near 40, 20-day average volume near 0.90 million shares, a 52-week high of $382.65, and a 52-week low of $41.76. Investing.com and Barchart snapshots also showed short-term averages above the current price and neutral-to-soft momentum after the pullback from late-June highs.
| Level | Value | Why it matters |
|---|---|---|
| Current price | $272.05 | Daily close reference used for this static page at the July 12, 2026 data cutoff. |
| Immediate support | $257 to $265 | This range covers the recent July low near $257.34 and the latest session low near $265. |
| Near support | $230 to $245 | A deeper pullback zone below the current consolidation if sellers push through the $257 to $265 band. |
| Moving-average resistance | $299 to $316 | The 50-day average near $299.19 and the 20-day average near $315.94 sit overhead after the post-high pullback. |
| Long-term support | $170 to $180 | The 200-day moving average near $173.73 is the main long-term trend support zone in the daily snapshot. |
| Major resistance | $350 to $383 | This zone includes the early July spike area near $350 to $380 and the 52-week high at $382.65. |
| Moving averages | 20-day near $315.94, 50-day near $299.19, 200-day near $173.73 | Price above the 200-day average keeps the long-term trend constructive, but price below the 20-day and 50-day averages makes the short-term setup less clean. |
| Momentum | RSI near 40 to 45 | Momentum cooled after the June and early July spike. RSI is soft but not an extreme washed-out signal by itself. |
| Volume | About 0.90 million 20-day average volume | Follow-through volume matters if VICR attempts to reclaim the $299 to $316 moving-average band after a high-volatility re-rating. |
| Volatility | High beta near 2.0 to 2.3 | The stock can react sharply to AI server power news, patent rulings, hyperscale capex commentary, and earnings surprises. The 52-week range runs from $41.76 to $382.65. |
| Invalidation | Close below $170 | A decisive close below the 200-day moving average would challenge 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, royalty and litigation outcomes, product revenue growth, gross margin, free cash flow, and valuation discipline.
Watch for VICR to reclaim and hold the $299 to $316 moving-average band with improving volume while next earnings confirm product revenue growth, royalty durability, gross margin, free cash flow, and AI or high-density power design-win progress.
A failed reclaim of the 50-day average, weaker order commentary, or signs that AI power sockets are delayed should reduce trend-following confidence.
If VICR pulls back toward $170 to $180 without a break in high-density power fundamentals, compare the lower price with TTM EPS, free cash flow, cash on the balance sheet, patent leverage, and the base scenario.
Do not treat a lower price as automatically attractive if the cause is lost design wins, royalty impairment, margin compression, customer concentration stress, or a durable AI server power slowdown.
Track product revenue, royalty revenue, patent settlement or licensing income quality, gross margin, operating margin, free cash flow, cash balance, R&D intensity, customer concentration, dual-class ownership updates, and analyst EPS revisions.
Position sizing should reflect that VICR is a high-beta AI-linked power technology stock with elevated valuation sensitivity 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 and thermal budgets are tight.
Vicor has a technology and IP moat from Factorized Power Architecture, patented converter topologies, high-density packaging, design-in stickiness, and active patent enforcement, including ITC and district-court actions around power modules used in AI and cloud systems.
The thesis fails if AI customers redesign away from Vicor, competitors ship good-enough alternatives cheaper, patent leverage fades, litigation cash is one-time rather than recurring, the founder-led organization stumbles on succession, or the market no longer pays a 90x 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 also concentrates key-person and dual-class governance risk.
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 and advanced electronics.
At $272.05, VICR has strong strategic positioning but limited traditional margin of safety. The price implies sustained EPS growth, durable AI power adoption, high cash conversion, and continued premium-multiple support after a multi-fold re-rating.
Source-backed data
Every metric below includes a source and last verification date.
| Metric | Value | Source | Last verified |
|---|---|---|---|
| VICR quote reference | $272.05 close on July 10 session data used at July 12, 2026 cutoff | Yahoo Finance VICR daily chart API | July 12, 2026 |
| Market capitalization verification | $12.40 billion calculated from $272.05 x 45.58 million implied shares, matching reported market cap within 0.00% | Pineify financial_rigor.py, Morningstar, and public.com VICR market cap | July 12, 2026 |
| Shares outstanding | About 45.47 to 45.58 million implied shares; FY2025 diluted weighted average shares 45.45 million; Q1 2026 basic average shares 45.47 million | SEC company facts and market share counts | July 12, 2026 |
| FY2025 total revenue | $452.7 million including product revenue, royalty revenue, and a $45 million patent litigation settlement | Vicor FY2025 earnings release and SEC 10-K XBRL | July 12, 2026 |
| FY2025 product and royalty revenue | Product revenue $350.3 million and royalty revenue $57.4 million, or about $407.7 million excluding the settlement | Vicor FY2025 earnings release and SEC revenue tags | July 12, 2026 |
| FY2025 net income and diluted EPS | Net income $118.6 million and diluted EPS $2.61 | Vicor FY2025 earnings release and SEC 10-K | July 12, 2026 |
| Q1 2026 revenue and EPS | Revenue about $113.0 million and diluted EPS $0.44 | SEC 10-Q company facts and third-party earnings summaries | July 12, 2026 |
| Gross margin and operating income | FY2025 gross profit $259.4 million on $452.7 million total revenue (about 57.3% gross margin) and operating income $81.8 million | SEC 10-K XBRL | July 12, 2026 |
| Free cash flow and cash | FY2025 operating cash flow $139.5 million minus capex $20.3 million equals about $119.2 million FCF; year-end cash about $402.8 million | Vicor FY2025 earnings release and SEC cash-flow tags | July 12, 2026 |
| Valuation multiples at cutoff | About 91.0x TTM EPS near $2.99, 103.8x FY2025 FCF per share near $2.62, 17.4x book value near $15.62, and roughly 30x product-and-royalty sales | Pineify financial_rigor.py verify-valuation | July 12, 2026 |
| Technical snapshot | SMA20 near $315.94, SMA50 near $299.19, SMA200 near $173.73, RSI near 40, 20-day average volume near 0.90M, 52-week range $41.76 to $382.65 | Yahoo Finance daily history with cross-check from Barchart and Investing.com | July 12, 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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