Headquartered in Andover, MA Fiscal year ends December NASDAQ: VICR vicorpower.com
Vicor Corporation designs, manufactures, and markets modular power components and complete power systems based on a portfolio of patented technologies. The company also licenses its patents to OEMs and hyperscalers that require supply chain assurance, flexibility, and scalability. Vicor's modules and power system technology serve high performance computing, industrial, transportation, aerospace, and defense applications. The company's Vertical Power Delivery (VPD) technology addresses the power delivery challenges of advanced AI processors, and its Converter-in-Package (ChiP) platform and Factorized Power Architecture (FPA) current multiplier modules are central to its product roadmap. Vicor is actively expanding manufacturing capacity with multiple fabrication facilities near its Andover, Massachusetts headquarters, and is pursuing IP monetization through licensing agreements and patent enforcement, including proceedings before the U.S. International Trade Commission. Updated
Royalty revenue of $66.6 million more than tripled year over year as AI OEMs started paying for Vicor's power-delivery patents, lifting gross margin to 68.3% from 57.5%. Backlog of $406 million is up 166%, and management is buying two more Massachusetts sites for a nearly 5x capacity expansion. The licensing flywheel is now driving the model.
Vicor Corporation designs, manufactures, and markets modular power components and complete power systems based on a portfolio of patented technologies. The company also licenses its patents to OEMs and hyperscalers that require supply chain assurance, flexibility, and scalability.
The Wall Street consensus 12-month price target for VICR is $393.75.