Vicor (VICR) AI Stock Analysis

Vicor

(BMV:VICR)

Rating:―N/A

Action:N/A

Date:―

No summary available

Positive Factors

Revenue and Margin GrowthThe sharp revenue increase and elevated gross margin indicate strong product adoption and favorable mix, particularly in advanced offerings. If demand continues across compute and other target markets, operating leverage and scale could support durable earnings expansion over the next several quarters.

Negative Factors

Capacity ConstraintsNear-term manufacturing constraints could prevent Vicor from converting strong customer interest and bookings into shipments, limiting revenue capture while demand is available. Delayed capacity growth may also restrict engagement with hyperscalers and OEMs until Fab 2 begins adding production capability.

Vicor (VICR) vs. SPDR S&P 500 ETF (SPY)

Market Cap: MXN 8.82B
Dividend Yield: ―
Average Volume (3M): 2,623
Price to Earnings (P/E): 48.6
Beta (1Y): 0.14
Revenue Growth: 26.48%
EPS Growth: 96.19%
Country: Mexico
Employees: 1,092
Sector: Technology
Sector Strength: 61
Industry: Hardware, Equipment & Parts

Vicor Business Overview & Revenue Model

Company Description

Vicor Corporation, along with its various subsidiaries, specializes in the conceptualization, manufacturing, and global distribution of modular power components and systems. These offerings are engineered to efficiently convert electrical power for a...

Vicor Earnings Call Summary

Earnings Call Date:Oct 19, 2026(Q3-2026)|% Change Since:-10.71%|Next Earnings Date:Feb 24, 2027

Earnings Call SentimentPositive

The call was strongly positive, with substantial year-over-year and sequential revenue growth, higher gross margin, strong cash generation, increasing bookings, robust AI-related demand, expanding licensing activity, and planned capacity expansion. The main challenges were near-term manufacturing constraints, elevated legal expense, lumpy royalty timing, uncertainty around IVR adoption, and the undetermined timing of Fab 3.

Positive Updates

Strong Third-Quarter Revenue Growth

Product and royalty revenue was $197 million, up 37.5% sequentially from $143 million in Q2 2026 and up 78.5% year over year from $110 million in Q3 2025.

Negative Updates

Royalty Revenue Remains Lumpy

Management said a fraction of the 119.1% increase in royalty revenue was attributable to initial payments from a new licensee and was nonrecurring. Although management now views the royalty stream as recurring, it also said licensing income will remain lumpy while the company works with a relatively small subset of hyperscalers and OEMs.

Company Guidance

For Q4, Vicor expects a 10% increase in Q4 product revenue, including another double digit sequential increase in product revenue in its Advanced Products portfolio, or a low double digits increase in product revenue, and at least $43 million in royalty revenue assuming no new license agreements are closed this quarter; royalty revenue could be higher from existing arrangements or new deals. Legal expense is expected to average approximately 20% of royalty revenue in the near term, and further revenue growth will result in further margin expansion. Initial equipment deployment in Fab 2 is expected in Q2 of 27, increasing total manufacturing, while Fab 2 and Fab 3 could support even more than a 5x expansion; Fab 3 timing remains to be determined, and short-term capacity expansion can occur on a time scale of 5-6 months.

Vicor Risk Analysis

Vicor disclosed 18 risk factors in its most recent earnings report. Vicor reported the most risks in the "Finance & Corporate" category.

Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy

Latest Risks Added

0 New Risks

Vicor Peers Comparison

Overall Rating

UnderperformOutperform

Sector (61)

Financial Indicators

MX:VICR against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BELFB	75Outperform	$3.31B	57.04	11.27%	0.12%	20.98%	-21.08%
ST	74Outperform	$5.86B	16.04	12.57%	1.19%	3.84%	―
MKSI	73Outperform	$13.66B	30.89	15.83%	0.48%	16.23%	65.58%
LFUS	65Neutral	$9.99B	291.17	1.47%	0.78%	18.72%	-74.52%
AEIS	63Neutral	$8.89B	38.42	15.93%	0.18%	24.58%	159.06%
Sector *	61Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%

* Technology Sector Average

Performance Comparison

MX:VICR and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
MX:VICR	Vicor	3250.00	2238.30	221.24%
AEIS	Advanced Energy Industries, Inc.	222.06	16.75	8.16%
BELFB	Bel Fuse B	236.15	77.77	49.11%
LFUS	Littelfuse	393.08	145.99	59.09%
MKSI	Mks Inc.	202.04	57.18	39.47%
ST	Sensata Technologies	40.27	8.83	28.10%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Vicor AI Stock Analysis