Update: Vicor Reports Q3 Earnings and Revenue Growth; Shares Rise in Premarket Trading
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 22 2025
0mins
Should l Buy VICR?
Source: Yahoo Finance
- Stock Movement: Vicor (VICR) shares experienced a notable change in value, as highlighted in the headline and initial paragraph of the report.
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Analyst Views on VICR
Wall Street analysts forecast VICR stock price to fall
3 Analyst Rating
3 Buy
0 Hold
0 Sell
Strong Buy
Current: 205.640
Low
90.00
Averages
102.50
High
115.00
Current: 205.640
Low
90.00
Averages
102.50
High
115.00
About VICR
Vicor Corporation designs, develops, manufactures, and markets modular power components and power systems for converting electrical power for use in electrically powered devices. It offers a range of alternating current (AC) and direct current (DC) power conversion products. It also provides products addressing other DC voltage standards. It categorizes its offerings as Advanced products and Brick products. Its Advanced products category consists of products, which are used to implement its proprietary Factorized Power Architecture (FPA), an advanced power distribution architecture enabling flexible, rapid power system design using individual components optimized to perform a specific conversion function. The Brick-format converters provide the integrated transformation, rectification, isolation, regulation, filtering, and/or input protection necessary to power and protect loads, across a range of conventional power architectures. It offers a range of brick-format DC-DC converters.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Vicor Corporation Q4 2025 Earnings Call Highlights
- Significant Revenue Growth: Vicor reported product revenue of $92.7 million in Q4 2025, representing a 4.5% increase from Q3 and a 15.3% year-over-year growth, indicating strong performance amid rising market demand, with expectations for even higher revenues and profitability in 2026.
- Order and Capacity Improvement: The company achieved a book-to-bill ratio exceeding 1.2 in Q4, with a year-end backlog increasing by 15.8% to $176.9 million, reflecting robust market demand and signaling a significant boost in future capacity utilization.
- Strengthened IP Protection: Vicor is undergoing a second investigation into illegal imports infringing its IP related to power modules and computing systems, underscoring the company's ongoing commitment to enforcing its intellectual property rights to safeguard its market position and technological edge.
- Optimistic Future Outlook: Management anticipates a product revenue run rate approaching $800 million in 2026, reflecting confidence in future market opportunities, while actively engaging customers in capacity reservation agreements to meet the growing supply needs.
See More
Supreme Court Rules Trump's Tariffs Invalid, Sparks Market Rally
- Significant Ruling: The U.S. Supreme Court's 6-3 decision invalidates President Trump's tariffs under the International Emergency Economic Powers Act (IEEPA), impacting trade flows and market dynamics for nearly a year, and is expected to boost economic recovery.
- Tariff History: Trump imposed tariffs of 25% on imports from Canada and Mexico and raised Chinese tariffs to as high as 125%, with the administration claiming these measures could reduce the federal deficit by $4 trillion.
- Positive Market Reaction: Following the ruling, U.S. equities rallied sharply, with 10 stocks boasting market capitalizations of at least $2 billion posting the largest gains, reflecting investor optimism regarding the removal of tariffs.
- Future Economic Outlook: The Court's ruling underscores Congress's exclusive power to levy taxes, which may lead to future trade policies relying more on legislative processes, thereby influencing U.S. trade agreements and economic growth strategies.
See More
S&P 500 Futures Decline in Pre-Market Session; Vicor and Akamai Technologies Underperform
Market Opening: U.S. stock markets are set to open in two hours.
Brookfield Wealth Solutions Performance: Brookfield Wealth Solutions Ltd. (BNT) saw a 6.5% increase in pre-market trading.
TD SYNNEX Corp Performance: TD SYNNEX Corp. (SNX) experienced a 5.4% rise in pre-market trading.
Overall Market Sentiment: The pre-market gains indicate a positive sentiment ahead of the market opening.
See More
Vicor Corporation Shares Drop Despite Tripling Q4 Earnings Expectations
- Earnings Beat: Vicor Corporation reported a Q4 EPS of $1.01, significantly exceeding the $0.44 consensus, yet shares fell 9.1% in after-hours trading, indicating investor concerns over revenue shortfalls.
- Slight Revenue Miss: The company generated $107.26 million in quarterly revenue, just below the $107.78 million expected by Wall Street, primarily due to a 33.1% sequential drop in royalty revenue attributed to a one-time catch-up amount from the previous quarter.
- Resilient Profitability: Gross margin improved to 55.4% from 52.4% year-over-year, although it declined from 57.5% in Q3, reflecting challenges in the profit structure due to reduced high-margin royalty contributions.
- Strong Financial Position: Vicor ended the year with approximately $402.8 million in cash and cash equivalents, and a backlog of $176.9 million, indicating a robust pipeline to meet the demands of hyperscalers and defense contractors.
See More
Vicor Q4 Earnings Beat Expectations Amid Growth Outlook
- Earnings Beat: Vicor reported Q4 GAAP EPS of $1.01, exceeding expectations by $0.64, although revenue of $107.3 million, up 11.5% year-over-year, fell short by $0.48 million, indicating market demand volatility.
- Optimistic Outlook: CEO Patrizio Vinciarelli stated that rising demand in high-performance computing, automatic test equipment, and industrial, aerospace, and defense applications is expected to drive record product revenues in 2026, highlighting the company's growth potential in key markets.
- IP Protection Actions: The U.S. International Trade Commission has initiated a second investigation into the illegal importation of power modules and computing systems infringing Vicor's IP, which is expected to lead to an exclusion order affecting certain customers, particularly unlicensed OEMs and hyperscalers, further solidifying Vicor's market position.
- Capacity Expansion Plans: As Vicor's first ChiP fab approaches high utilization, the company plans to build a second fab and explore opportunities to expand total capacity by enabling an alternate source of high current density 2nd Gen VPD modules, ensuring licensed OEMs and hyperscalers have access to best-in-class power system technology.
See More
Ashford Capital Increases Stake in Vicor by 128,664 Shares
- Share Increase: On February 13, 2026, Ashford Capital Management increased its stake in Vicor by 128,664 shares, with an estimated transaction value of $10.94 million, indicating strong confidence in Vicor's future growth potential.
- Ownership Proportion Rise: Following this purchase, Ashford's stake in Vicor now represents 4.32% of its reportable U.S. equity assets, underscoring Vicor's significance within its investment portfolio.
- Strong Performance: Vicor's stock surged 213% over the past year, with Q3 revenue reaching $110.4 million, an 18.5% increase year-over-year, reflecting robust demand in the high-performance power module market.
- Technological Edge: Vicor specializes in high-performance power conversion solutions, leveraging proprietary technology to maintain a competitive advantage across various sectors, and is poised to become standard infrastructure in AI and data center developments.
See More
Vicor Corporation Q4 2025 Earnings Call Highlights
- Significant Revenue Growth: Vicor reported product revenue of $92.7 million in Q4 2025, representing a 4.5% increase from Q3 and a 15.3% year-over-year growth, indicating strong performance amid rising market demand, with expectations for even higher revenues and profitability in 2026.
- Order and Capacity Improvement: The company achieved a book-to-bill ratio exceeding 1.2 in Q4, with a year-end backlog increasing by 15.8% to $176.9 million, reflecting robust market demand and signaling a significant boost in future capacity utilization.
- Strengthened IP Protection: Vicor is undergoing a second investigation into illegal imports infringing its IP related to power modules and computing systems, underscoring the company's ongoing commitment to enforcing its intellectual property rights to safeguard its market position and technological edge.
- Optimistic Future Outlook: Management anticipates a product revenue run rate approaching $800 million in 2026, reflecting confidence in future market opportunities, while actively engaging customers in capacity reservation agreements to meet the growing supply needs.
See More
Supreme Court Rules Trump's Tariffs Invalid, Sparks Market Rally
- Significant Ruling: The U.S. Supreme Court's 6-3 decision invalidates President Trump's tariffs under the International Emergency Economic Powers Act (IEEPA), impacting trade flows and market dynamics for nearly a year, and is expected to boost economic recovery.
- Tariff History: Trump imposed tariffs of 25% on imports from Canada and Mexico and raised Chinese tariffs to as high as 125%, with the administration claiming these measures could reduce the federal deficit by $4 trillion.
- Positive Market Reaction: Following the ruling, U.S. equities rallied sharply, with 10 stocks boasting market capitalizations of at least $2 billion posting the largest gains, reflecting investor optimism regarding the removal of tariffs.
- Future Economic Outlook: The Court's ruling underscores Congress's exclusive power to levy taxes, which may lead to future trade policies relying more on legislative processes, thereby influencing U.S. trade agreements and economic growth strategies.
See More
S&P 500 Futures Decline in Pre-Market Session; Vicor and Akamai Technologies Underperform
Market Opening: U.S. stock markets are set to open in two hours.
Brookfield Wealth Solutions Performance: Brookfield Wealth Solutions Ltd. (BNT) saw a 6.5% increase in pre-market trading.
TD SYNNEX Corp Performance: TD SYNNEX Corp. (SNX) experienced a 5.4% rise in pre-market trading.
Overall Market Sentiment: The pre-market gains indicate a positive sentiment ahead of the market opening.
See More
Vicor Corporation Shares Drop Despite Tripling Q4 Earnings Expectations
- Earnings Beat: Vicor Corporation reported a Q4 EPS of $1.01, significantly exceeding the $0.44 consensus, yet shares fell 9.1% in after-hours trading, indicating investor concerns over revenue shortfalls.
- Slight Revenue Miss: The company generated $107.26 million in quarterly revenue, just below the $107.78 million expected by Wall Street, primarily due to a 33.1% sequential drop in royalty revenue attributed to a one-time catch-up amount from the previous quarter.
- Resilient Profitability: Gross margin improved to 55.4% from 52.4% year-over-year, although it declined from 57.5% in Q3, reflecting challenges in the profit structure due to reduced high-margin royalty contributions.
- Strong Financial Position: Vicor ended the year with approximately $402.8 million in cash and cash equivalents, and a backlog of $176.9 million, indicating a robust pipeline to meet the demands of hyperscalers and defense contractors.
See More
Vicor Q4 Earnings Beat Expectations Amid Growth Outlook
- Earnings Beat: Vicor reported Q4 GAAP EPS of $1.01, exceeding expectations by $0.64, although revenue of $107.3 million, up 11.5% year-over-year, fell short by $0.48 million, indicating market demand volatility.
- Optimistic Outlook: CEO Patrizio Vinciarelli stated that rising demand in high-performance computing, automatic test equipment, and industrial, aerospace, and defense applications is expected to drive record product revenues in 2026, highlighting the company's growth potential in key markets.
- IP Protection Actions: The U.S. International Trade Commission has initiated a second investigation into the illegal importation of power modules and computing systems infringing Vicor's IP, which is expected to lead to an exclusion order affecting certain customers, particularly unlicensed OEMs and hyperscalers, further solidifying Vicor's market position.
- Capacity Expansion Plans: As Vicor's first ChiP fab approaches high utilization, the company plans to build a second fab and explore opportunities to expand total capacity by enabling an alternate source of high current density 2nd Gen VPD modules, ensuring licensed OEMs and hyperscalers have access to best-in-class power system technology.
See More
Ashford Capital Increases Stake in Vicor by 128,664 Shares
- Share Increase: On February 13, 2026, Ashford Capital Management increased its stake in Vicor by 128,664 shares, with an estimated transaction value of $10.94 million, indicating strong confidence in Vicor's future growth potential.
- Ownership Proportion Rise: Following this purchase, Ashford's stake in Vicor now represents 4.32% of its reportable U.S. equity assets, underscoring Vicor's significance within its investment portfolio.
- Strong Performance: Vicor's stock surged 213% over the past year, with Q3 revenue reaching $110.4 million, an 18.5% increase year-over-year, reflecting robust demand in the high-performance power module market.
- Technological Edge: Vicor specializes in high-performance power conversion solutions, leveraging proprietary technology to maintain a competitive advantage across various sectors, and is poised to become standard infrastructure in AI and data center developments.
See More
