VICOR CORP (VICR) AI Stock Summary

Snapshot

Vicor is a profitable power-electronics maker riding an AI-driven boom: FY2025 revenue hit $407.7M (up 13.5%), with $118.6M in net profit and $139.5M in operating cash flow. Gross margin runs above 50%, and the balance sheet is strong with $453.6M in cash against just $7.6M in debt. The stock trades 16% below its 52-week high after a sharp run-up tied to new AI licensing deals, making it look richly priced relative to trailing numbers.

What's Happening Right Now

• Wed 30th Sep '26 · Guidance raise: On Sept 30, 2026, Vicor raised Q3 sequential revenue growth guidance to more than 30% (from more than 20%), citing higher royalties from its first non-exclusive VPD license.
• Wed 16th Sep '26 · Licensing deal: On Sept 16, 2026, Vicor granted a non-exclusive license for its Vertical Power Delivery modules to an unnamed leading AI OEM.
• Fri 11th Sep '26 · Capacity expansion: On Sept 11, 2026, Vicor announced it is purchasing two New Hampshire sites to build ChiP Fab-2 and Fab-3, nearly tripling its manufacturing footprint to support AI-driven demand.
• Mon 27th Jul '26 · Earnings: Q2 2026 (reported July 27, 2026): revenue rose 26.9% sequentially to $143.4M, net income rose to $49.8M, and cash grew to about $453.6M, with backlog up 145% YoY to $380M.

Bottom Line

Vicor is a real, profitable, cash-generating business that has recently become an AI story: new licensing deals around its Vertical Power Delivery technology have pushed revenue guidance sharply higher, and the company is spending to build new chip fabs to keep up. The flip side is that the stock has already rallied hard on this narrative and sits well above where it traded a few months ago, so a lot of future growth looks priced in. A small cluster of insider sales over the last 90 days (four insiders, about $2.4M total) is tiny relative to the $13.3B market cap and not a meaningful signal either way.