Vicor Past Earnings Performance
Past criteria checks 4/6
Vicor has been growing earnings at an average annual rate of 16%, while the Electrical industry saw earnings growing at 16.9% annually. Revenues have been growing at an average rate of 2.6% per year. Vicor's return on equity is 18.1%, and it has net margins of 32%.
Key information
15.96%
Earnings growth rate
14.81%
EPS growth rate
| Electrical Industry Growth | 9.91% |
| Revenue growth rate | 2.55% |
| Return on equity | 18.13% |
| Net Margin | 32.03% |
| Next Earnings Update | 21 Jul 2026 |
Recent past performance updates
Recent updates
Narrative Update • Jul 09
VICR: AI Licensing Momentum And New Financial Model Will Drive Upside
Vicor's analyst price targets have shifted sharply higher, with one framework now pointing to $375. This is backed by analysts citing materially higher financial objectives, accelerating licensing activity, and better visibility into AI related growth drivers following the recent shareholder meeting.Seeking Alpha • Jun 25
Vicor: Management Just Raised Its Own Targets, Quietly
Summary I reiterate my Strong Buy rating on Vicor Corporation after management significantly raised aspirational revenue and margin targets at the annual shareholder meeting. VICR now targets $2.5 billion in revenue, 70% gross margin, and 40% operating income, with licensing potentially contributing $200–300 million, well above prior run-rate guidance. The licensing model is gaining traction, offering risk-mitigated monetization regardless of hardware sale outcomes and deepening customer relationships. The technical moat is reinforced by superior current-multiplier technology, positioning VICR well ahead of competitors and supporting robust long-term growth optionality. Read the full article on Seeking Alpha
Narrative Update • Jun 25
VICR: AI Licensing Momentum Will Shape Future Earnings Power Outlook
Vicor's analyst price target has been revised higher from $323.75 to $406.25, reflecting analysts' updated views after the shareholder meeting, including raised long term financial objectives, higher assumed revenue growth and profit margins, and increased visibility into licensing and AI related drivers discussed in recent research updates from Craig-Hallum, Roth Capital, and Needham. Analyst Commentary Recent research updates reflect a more constructive tone around Vicor, with bullish analysts pointing to higher long term financial objectives and AI related opportunities when explaining their revised price targets.Narrative Update • Jun 02
VICR: Raised Revenue Guidance And Licensing Shift Will Shape Future Balanced Outlook
Analysts lifted their price target on Vicor by $41.25 to $323.75, citing updated assumptions for revenue growth, profit margins, discount rate and future P/E multiples that align with recent Street research. What's in the News Vicor raised its Q2 2026 revenue guidance from US$126 million to US$142 million, supported by product revenues and royalties from a new OEM licensee for its patented power system technologies.Narrative Update • Apr 24
VICR: Higher P/E Assumptions And Index Shift Will Shape Balanced Outlook
Analysts have raised their price target for Vicor from $208.75 to $282.50, citing updated assumptions for revenue growth, profitability, and long-term P/E multiples that are consistent with the latest Street research. Analyst Commentary Recent Street research includes a reported US$40 increase in the Vicor price target, which reflects updated assumptions around revenue growth, profitability, and long term P/E multiples.Narrative Update • Apr 09
VICR: Lower Discount Rate And Index Shift Will Support Bullish View
Analysts have raised their price target on Vicor by $60 to $208.75, citing updated assumptions around discount rates, long term revenue growth, profit margins, and future P/E multiples. Analyst Commentary Bullish Takeaways Bullish analysts view the higher price target of $208.75 as better aligned with updated assumptions on long term revenue growth and profit margins, which they see as important drivers of earnings power over time.Narrative Update • Mar 26
VICR: Higher P/E Assumptions And Index Shift Will Support Bullish View
Analysts have raised their Vicor price target by $60. They cite updated assumptions on the discount rate, revenue growth, profit margin, and future P/E that together support a refreshed view of the stock's potential value.Narrative Update • Mar 12
VICR: Higher P/E Assumptions And Buybacks Will Support Bullish Outlook
Analysts have raised their price target on Vicor from $196.25 to $208.75, citing updated assumptions around the discount rate, long-term revenue growth, profit margins, and future P/E that are consistent with recent Street research commentary. Analyst Commentary Recent Street research has focused on how updated assumptions around discount rates, long term revenue growth, profit margins, and future P/E feed into the higher price target for Vicor.Narrative Update • Feb 25
VICR: Higher Margin Assumptions And Buybacks Will Test Fair Value Outlook
Analysts have raised their Vicor price target by $60 to $196.25, citing updated assumptions on revenue growth, profit margins, and a lower future P/E multiple as the key drivers of the revision. Analyst Commentary Bullish Takeaways Bullish analysts see the higher US$196.25 price target as reflecting updated assumptions on revenue growth that they view as better aligned with the company’s current opportunities.Narrative Update • Feb 11
VICR: Raised Price Assumptions Will Eventually Reveal Demanding Margin Expectations
Analysts have lifted their price target on Vicor by $60, citing updated assumptions on discount rate, revenue, profit margins, and future P/E that support a fair value estimate of $136.25. Analyst Commentary Analysts lifting their fair value estimate for Vicor to US$136.25 are updating their models around discount rate, revenue, margins, and future P/E.Narrative Update • Jan 27
VICR: Higher Assumed P/E Will Eventually Expose Fragile Execution Assumptions
Analysts have raised their price target on Vicor from US$93.75 to US$136.25, citing updated fair value analysis that incorporates a higher assumed future P/E multiple along with modest adjustments to the discount rate, revenue growth, and profit margin assumptions. Analyst Commentary Analysts updating their models around the new US$136.25 price target are focusing on how Vicor can justify a higher assumed P/E multiple through execution on its growth plans and profitability goals, while also acknowledging valuation and forecasting risks.Narrative Update • Jan 12
VICR: Rich P/E Will Outrun Limited Share Buyback Support
Narrative Update on Vicor Analysts have kept their Vicor fair value estimate steady at US$93.75, with only slight tweaks to discount rate, margin, growth, and future P/E assumptions. This signals a broadly unchanged view of the stock's long-term potential.Analysis Article • Dec 23
Vicor Corporation's (NASDAQ:VICR) 32% Share Price Surge Not Quite Adding Up
Despite an already strong run, Vicor Corporation ( NASDAQ:VICR ) shares have been powering on, with a gain of 32% in...Narrative Update • Dec 21
VICR: Future Returns Will Lag As Rich Multiple Outruns Modest Buybacks
Analysts have modestly raised their Vicor price target from approximately 86.67 dollars to 93.75 dollars, reflecting slightly improved expectations for revenue growth, profitability, and future valuation multiples. What's in the News Completed the repurchase of 762,524 shares, representing 1.69 percent of outstanding shares, under the buyback program announced on July 31, 2024, for a total cost of 33.81 million dollars (Key Developments) Repurchased 336,001 shares, or 0.75 percent of outstanding shares, between July 1, 2025 and September 30, 2025, for 15.59 million dollars as part of the same buyback program (Key Developments) Valuation Changes Fair Value Estimate has risen slightly from about $86.67 to $93.75 per share, implying modestly higher intrinsic valuation.Narrative Update • Dec 07
VICR: Future Returns Will Lag As Modest Buybacks Fail To Offset Risk
Narrative Update on Vicor Analysts have modestly raised their price target on Vicor to 86.67 dollars from 86.67 dollars. This reflects unchanged fair value expectations, along with slightly higher discount rate and future P/E assumptions that fine tune their longer term risk and valuation outlook.Narrative Update • Nov 23
VICR: Shares Will Remain Fairly Valued As Buybacks Offset Rising Discount Rate
Analysts have maintained their price target for Vicor at $86.67 per share, citing stable growth and profitability projections despite minor shifts in key financial metrics. What's in the News Vicor repurchased 336,001 shares between July 1 and September 30, 2025.Narrative Update • Nov 06
VICR: Shares Will Remain Fairly Valued As Buybacks Offset Rising Discount Rate
Analysts have maintained their fair value estimate for Vicor at $86.67. They note that adjustments in revenue growth expectations and profit margins have balanced out recent changes in the company's risk profile.Narrative Update • Oct 22
Analysts Boost Vicor Price Target After Strong Margins and Space Industry Advancements
Analysts have raised their price target for Vicor from $52.50 to $86.67, citing improved profit margins and stronger projected revenue growth as key drivers behind the more optimistic outlook. What's in the News The company completed a share repurchase of 747,124 shares for $33.82 million under the buyback announced July 31, 2024, with recent tranches finalized between April and September 2025 (Key Developments).Analysis Article • Jul 18
Is There Now An Opportunity In Vicor Corporation (NASDAQ:VICR)?
Vicor Corporation ( NASDAQ:VICR ), is not the largest company out there, but it received a lot of attention from a...Seeking Alpha • Nov 12
Vicor's High Potential, Higher Price, Why I'm Waiting For A Better Entry Point
Summary Vicor Corporation's stock surged 60% due to a tech and AI rally, surpassing analyst targets and prompting a closer look at Q3 highlights and challenges. Despite strong revenue growth and promising products like Brick and Gen 5 VPD solutions, Vicor's sky-high valuations suggest the stock is priced for perfection. Near-term challenges include a 13.6% YoY revenue drop and a book-to-bill ratio below one, indicating potential demand softness ahead. Current recommendation: Hold. The stock's valuation is high, but it could become a buy again if growth stabilizes and prices settle. Read the full article on Seeking AlphaRevenue & Expenses Breakdown
Revenue & Expenses Breakdown
How Vicor makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 26 | 427 | 137 | 90 | 81 |
| 31 Dec 25 | 408 | 119 | 92 | 79 |
| 30 Sep 25 | 397 | 82 | 99 | 75 |
| 30 Jun 25 | 379 | 66 | 100 | 72 |
| 31 Mar 25 | 369 | 23 | 95 | 70 |
| 31 Dec 24 | 359 | 6 | 96 | 69 |
| 30 Sep 24 | 356 | 5 | 95 | 69 |
| 30 Jun 24 | 370 | 10 | 94 | 70 |
| 31 Mar 24 | 391 | 28 | 91 | 70 |
| 31 Dec 23 | 405 | 54 | 86 | 68 |
| 30 Sep 23 | 418 | 53 | 88 | 67 |
| 30 Jun 23 | 413 | 38 | 88 | 64 |
| 31 Mar 23 | 409 | 32 | 88 | 62 |
| 31 Dec 22 | 399 | 25 | 86 | 61 |
| 30 Sep 22 | 384 | 26 | 80 | 58 |
| 30 Jun 22 | 366 | 38 | 75 | 57 |
| 31 Mar 22 | 359 | 47 | 71 | 54 |
| 31 Dec 21 | 359 | 57 | 69 | 53 |
| 30 Sep 21 | 353 | 59 | 67 | 53 |
| 30 Jun 21 | 347 | 51 | 65 | 51 |
| 31 Mar 21 | 322 | 35 | 64 | 51 |
| 31 Dec 20 | 297 | 18 | 63 | 51 |
| 30 Sep 20 | 275 | 8 | 63 | 50 |
| 30 Jun 20 | 268 | 8 | 64 | 50 |
| 31 Mar 20 | 261 | 8 | 63 | 49 |
| 31 Dec 19 | 263 | 14 | 63 | 47 |
| 30 Sep 19 | 274 | 20 | 62 | 45 |
| 30 Jun 19 | 281 | 27 | 61 | 45 |
| 31 Mar 19 | 292 | 32 | 62 | 44 |
| 31 Dec 18 | 291 | 32 | 62 | 44 |
| 30 Sep 18 | 276 | 26 | 61 | 45 |
| 30 Jun 18 | 255 | 13 | 60 | 45 |
| 31 Mar 18 | 239 | 5 | 59 | 45 |
| 31 Dec 17 | 228 | 0 | 58 | 45 |
| 30 Sep 17 | 217 | -4 | 57 | 44 |
| 30 Jun 17 | 213 | -2 | 56 | 43 |
| 31 Mar 17 | 209 | -2 | 56 | 42 |
| 31 Dec 16 | 200 | -6 | 56 | 42 |
| 30 Sep 16 | 204 | -5 | 57 | 42 |
| 30 Jun 16 | 199 | -5 | 57 | 42 |
| 31 Mar 16 | 202 | -4 | 57 | 42 |
| 31 Dec 15 | 220 | 5 | 58 | 41 |
| 30 Sep 15 | 230 | 7 | 59 | 41 |
Quality Earnings: VICR has a large one-off gain of $37.6M impacting its last 12 months of financial results to 31st March, 2026.
Growing Profit Margin: VICR's current net profit margins (32%) are higher than last year (6.3%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: VICR's earnings have grown by 16% per year over the past 5 years.
Accelerating Growth: VICR's earnings growth over the past year (490.6%) exceeds its 5-year average (16% per year).
Earnings vs Industry: VICR earnings growth over the past year (490.6%) exceeded the Electrical industry 23.1%.
Return on Equity
High ROE: VICR's Return on Equity (18.1%) is considered low.
Return on Assets
Return on Capital Employed
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/07/10 04:26 |
| End of Day Share Price | 2026/07/10 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Vicor Corporation is covered by 5 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Jonathan Tanwanteng | CJS Securities, Inc. |
| Richard Shannon | Craig-Hallum Capital Group LLC |
| Nathaniel Quinn Bolton | Needham & Company |