Vicor (NASDAQ:VICR) Posts Quarterly Earnings Results

Vicor (NASDAQ:VICR) posted its earnings results on Thursday. The electronics maker reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.63, FiscalAI reports. The firm had revenue of $107.26 million for the quarter, compared to the consensus estimate of $107.78 million. Vicor had a return on equity of 19.55% and a net margin of 26.19%.The business’s quarterly revenue was up 11.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.23 earnings per share.

Here are the key takeaways from Vicor’s conference call:

• Vicor delivered a strong 2025 showing with Q4 product revenue of $92.7M and full-year product revenue of $350.3M, plus a $45M patent litigation settlement that helped produce $118.6M net income and $2.61 diluted EPS, a sharp improvement vs. 2024.
• $57.4M in 2025 royalty revenue (excluding the settlement) and an active IP enforcement program — including a new ITC investigation — position licensing as a rapidly expanding revenue stream, with management forecasting the potential for “hundreds of millions” in licensing over time (timing uncertain).
• Bookings are accelerating (Q4 book‑to‑bill >1.2 and one‑year backlog up 15.8% to $176.9M), and management says the Andover chip fab can support roughly a $1B product run‑rate, prompting plans for a second fab or outsourced partners with incremental capex in the roughly $20M–$90M range.
• Management will not provide quarterly guidance, and Q4 results were affected by timing items and a sizable tax benefit (quarterly effective tax rate of -142%), so investors should treat some 2025 comparatives as influenced by one‑time accounting and royalty timing effects.

Vicor Price Performance

Shares of VICR opened at $170.01 on Friday. Vicor has a 1-year low of $38.92 and a 1-year high of $177.00. The company has a market capitalization of $7.59 billion, a P/E ratio of 65.14 and a beta of 1.90. The firm’s 50 day simple moving average is $139.90 and its 200 day simple moving average is $92.46.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Roth Mkm reissued a “buy” rating and set a $175.00 price objective on shares of Vicor in a report on Thursday, January 22nd. Zacks Research raised shares of Vicor to a “hold” rating in a report on Tuesday, December 16th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vicor in a research note on Wednesday, January 21st. Finally, Wall Street Zen lowered shares of Vicor from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 23rd. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $118.33.

Insider Transactions at Vicor

In related news, CEO Patrizio Vinciarelli sold 20,000 shares of the stock in a transaction on Friday, December 19th. The stock was sold at an average price of $103.02, for a total value of $2,060,400.00. Following the transaction, the chief executive officer owned 9,808,363 shares of the company’s stock, valued at $1,010,457,556.26. This represents a 0.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael Mcnamara sold 4,237 shares of the firm’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $101.23, for a total value of $428,911.51. Following the sale, the insider owned 18,138 shares in the company, valued at $1,836,109.74. The trade was a 18.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 126,735 shares of company stock valued at $13,607,975 in the last quarter. Insiders own 31.30% of the company’s stock.

Hedge Funds Weigh In On Vicor

Institutional investors have recently modified their holdings of the company. The Manufacturers Life Insurance Company lifted its position in Vicor by 3,918.9% in the 4th quarter. The Manufacturers Life Insurance Company now owns 432,189 shares of the electronics maker’s stock worth $47,368,000 after buying an additional 421,435 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Vicor by 1,542.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 439,820 shares of the electronics maker’s stock worth $48,205,000 after acquiring an additional 413,038 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of Vicor by 4,634.5% in the 1st quarter. Millennium Management LLC now owns 264,611 shares of the electronics maker’s stock worth $12,379,000 after acquiring an additional 259,022 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Vicor by 1,921.4% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 267,882 shares of the electronics maker’s stock valued at $13,319,000 after purchasing an additional 254,630 shares in the last quarter. Finally, Arosa Capital Management LP purchased a new stake in shares of Vicor in the 4th quarter valued at $14,796,000. 47.45% of the stock is currently owned by institutional investors.

About Vicor

Vicor Corporation is a designer and manufacturer of modular power components and systems, serving a wide range of industries that demand high performance and efficiency. Headquartered in Andover, Massachusetts, the company develops power conversion solutions that help customers optimize energy delivery in applications from telecommunications and data centers to industrial and automotive systems.

The company’s product portfolio includes high-density DC-DC converters, AC-DC front-end modules, point-of-load regulators and complete power systems that combine multiple conversion stages in a single package.