VICR on Nasdaq

Vicor Corporation

Company that designs, manufactures and markets modular power components

Vicor Corporation is a manufacturer of power modules headquartered in Andover, Massachusetts.3 From Wikipedia, CC BY-SA 4.0

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Last updated Oct 19, 2026.

Overview

$407.7MRevenue, fiscal 20255
$118.6MNet income, fiscal 20255
1981Founded1

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  • TickerVICR on Nasdaq1
  • Industryelectronics industry1
  • HeadquartersAndover1
  • Websitewww.vicorpower.com
  • Incorporated inDE6
  • Business address25 Frontage Road, Andover, Ma 018106
  • Filer categoryLarge accelerated filer6
  • Legal formCorporation4
  • LEI5299005KMQOTR6B51F094
  • StatusActive4
  • LEI statusLapsed (not renewed)4
  • Registered addressc/o The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, 19801 Wilmington, United States4
  • Registered withDivision of Corporations, Department of State, 9261144

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Vicor Corporation is a manufacturer of power modules headquartered in Andover, Massachusetts.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

63.6%Gross margin5
20.1%Operating margin5
29.1%Net margin5
13.5%Revenue growth, 20255
16.7%Return on equity5
$119.2MFree cash flow5

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Direct Customers Contract Manufacturers And Non stocking Distributors brought in 50% of the revenue Vicor Corporation broke down this way in fiscal 2025.

  1. Direct Customers Contract Manufacturers And Non stocking Distributors$234.5M550%up 16% from 2024
  2. Stocking Distributors Net Of Sales Allowances$109.2M523%up 5% from 2024
  3. Royalties$57.4M512%up 23% from 2024
  4. Royalty$57.4M512%up 23% from 2024
  5. Non recurring Engineering$5.5M51%down 3% from 2024
  6. Product and Service, Other$1.0M50%down 29% from 2024
Products and services by year
Products and services202320242025
Direct Customers Contract Manufacturers And Non stocking Distributors$277.0M$201.5M$234.5M
Stocking Distributors Net Of Sales Allowances$96.4M$103.8M$109.2M
Royalties$15.9M$46.6M$57.4M
Royalty$15.9M$46.6M$57.4M
Non recurring Engineering$14.6M$5.7M$5.5M
Product and Service, Other$1.2M$1.4M$1.0M

Business segments

Advanced Products brought in 61% of the revenue Vicor Corporation broke down this way in fiscal 2025.

  1. Advanced Products$248.6M561%up 26% from 2024
  2. Brick Products$159.1M539%down 2% from 2024
Business segments by year
Business segments202320242025
Advanced Products$223.9M$197.3M$248.6M
Brick Products$181.2M$161.7M$159.1M

Regions

Country US brought in 33% of the revenue Vicor Corporation broke down this way in fiscal 2025.

  1. Country US$200.6M533%up 8% from 2024
  2. United States$200.6M533%up 8% from 2024
  3. Asia Pacific$162.4M527%up 25% from 2024
  4. Europe$42.9M57%up 3% from 2024
  5. All Other Countries$1.8M50%up 24% from 2024
Regions by year
Regions202320242025
Country US$149.5M$185.8M$200.6M
United States$149.5M$185.8M$200.6M
Asia Pacific$192.3M$130.0M$162.4M
Europe$59.7M$41.8M$42.9M
All Other Countries$3.6M$1.4M$1.8M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue38¢$193.3M
  • Research and development15¢$78.6M
  • Selling, general and admin19¢$99.0M
  • Income tax5¢$24.0M
  • Profit23¢$118.6M

Out of $407.7M in revenue.5

Where each dollar of operating cash went, fiscal 2025

  • Capital spending15¢$20.3M
  • Share buybacks25¢$35.2M
  • Kept or used elsewhere60¢$84.1M

Out of $139.5M of cash from operations.5

Financial statements

Revenue891011125$407.7M in 2025+40% since 2018
0$200.0M$400.0M$600.0M2018: $291.2M$291.2M20182019: $263.0M$263.0M2019−10%2020: $296.6M$296.6M2020+13%2021: $359.4M$359.4M2021+21%2022: $399.1M$399.1M2022+11%2023: $405.1M$405.1M2023+1%2024: $359.1M$359.1M2024−11%2025: $407.7M$407.7M2025+14%
Gross profit891011125$259.4M in 2025+87% since 2018
0$100.0M$200.0M$300.0M2018: $139.0M$139.0M20182019: $123.0M$123.0M2019−12%2020: $131.4M$131.4M2020+7%2021: $178.2M$178.2M2021+36%2022: $180.6M$180.6M2022+1%2023: $204.9M$204.9M2023+13%2024: $184.0M$184.0M2024−10%2025: $259.4M$259.4M2025+41%
Operating income891011125$81.8M in 2025+155% since 2018
-$25.0M0$25.0M$50.0M$75.0M$100.0M2018: $32.1M$32.1M20182019: $13.8M$13.8M2019−57%2020: $17.4M$17.4M2020+26%2021: $55.6M$55.6M2021+220%2022: $27.2M$27.2M2022−51%2023: $51.4M$51.4M2023+89%2024: -$1.3M-$1.3M20242025: $81.8M$81.8M2025
Net income891011125$118.6M in 2025+274% since 2018
0$50.0M$100.0M$150.0M2018: $31.7M$31.7M20182019: $14.1M$14.1M2019−56%2020: $17.9M$17.9M2020+27%2021: $56.6M$56.6M2021+216%2022: $25.4M$25.4M2022−55%2023: $53.6M$53.6M2023+111%2024: $6.1M$6.1M2024−89%2025: $118.6M$118.6M2025+1834%

Every line of the income statement as filed: the last 3 fiscal years, latest first.5

Period ending2025-12-312024-12-312023-12-31
Total net revenues$407.7M$359.1M$405.1M
Patent litigation settlement$45.0M$0$0
Total net revenues and patent litigation settlement$452.7M$359.1M$405.1M
Cost of product revenues$193.3M$175.1M$200.1M
Gross margin$259.4M$184.0M$204.9M
Selling, general and administrative$99.0M$96.9M$85.7M
Research and development$78.6M$68.9M$67.9M
Litigation-contingency expense$0$19.5M$0
Total operating expenses$177.6M$185.3M$153.6M
Income (loss) from operations$81.8M-$1.3M$51.4M
Total unrealized (losses) gains on available-for-sale securities, net-$179.0K$111.0K-$92.0K
Portion of losses (gains) recognized in other comprehensive income$179.0K-$111.0K$92.0K
Net credit gains recognized in earnings$0$0$0
Other income (expense), net$12.7M$11.8M$8.9M
Total other income (expense), net$12.7M$11.8M$8.9M
Income before income taxes$94.6M$10.5M$60.2M
Less: (Benefit) provision for income taxes-$24.0M$4.3M$6.6M
Consolidated net income$118.6M$6.1M$53.6M
Less: Net income attributable to noncontrolling interest$40.0K$10.0K$5.0K
Net income attributable to Vicor Corporation$118.6M$6.1M$53.6M
Basic$2.63$0.14$1.21
Diluted$2.61$0.14$1.19
Basic45.0M shares44.9M shares44.3M shares
Diluted45.5M shares45.2M shares45.0M shares

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The story

Vicor Corporation, incorporated in 1981 in Andover, Massachusetts, designs, manufactures, and markets modular power components and complete power systems. These are used in electronic products to convert power from a primary power source (typically either alternating current from a mains outlet or direct current from a battery, rectifier or high-voltage direct current power distribution system) into the specific direct current required by electronic circuits. Vicor sells its products in North and South America, as well as internationally through independent distributors, to business-to-business (B2B) customers in automotive, computing, industrial equipment and automation, robotics, vehicles and transportation, unmanned aerial vehicles, satellites, and aerospace and defense.

Patrizio Vinciarelli is Vicor's chair of the board, president, and chief executive officer. As of 2022, Vicor had 11 subsidiaries, legally domiciled as follows: Vicor GmbH (Germany); VICR Securities Corporation (Massachusetts, US); Vicor France SARL (France); Vicor Italy SRL (Italy); Vicor Hong Kong Ltd. (Hong Kong); Vicor U.K. Ltd. (United Kingdom); Vicor Japan Company Ltd. (Japan); Vicor KK (Japan); Vicor Trading (Shanghai) Limited (China); Vicor Development Corporation (Delaware, US), including Freedom Power Systems, Inc. (Delaware, US) and Northwest Power, Inc. (Delaware, US); 560 Oakmead LLC (California, US).

From Wikipedia’s article on Vicor Corporation, shared under CC BY-SA 4.0.7

Leadership

Who has led Vicor Corporation, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Patrizio Vinciarelli2006–now

Chair

  1. Patrizio Vinciarelli2006–now

President

  1. Barry Kelleher2006–2016
  2. H. Allen Henderson2008–2015
  3. Claudio Tuozzolo2012–2018

Chief financial officer

  1. Mark A. Glazer2006
  2. James A. Simms2008–2021
  3. James F. Schmidt2021–now
1990200020102020
Board members and other officers (32)

Timeline

  1. Feb 10, 2006New chief executive Patrizio Vinciarelli becomes CEO18
  2. 1981Founded Founded1

Filings

614 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 30 major events, 360 insider forms, 28 large holders, 176 other. The latest 20:

  1. Oct 5, 20264 EDGAR
  2. Oct 5, 20264 EDGAR
  3. Oct 5, 20264 EDGAR
  4. Oct 2, 2026144 EDGAR
  5. Oct 1, 2026144 EDGAR
  6. Oct 1, 2026144 EDGAR
  7. Sep 10, 20268-K EDGAR
  8. Sep 8, 2026SCHEDULE 13G/A EDGAR
  9. Sep 3, 20264 EDGAR
  10. Sep 3, 2026SCHEDULE 13G/A EDGAR
  11. Aug 27, 20268-K EDGAR
  12. Aug 24, 20264 EDGAR
  13. Aug 19, 20264 EDGAR
  14. Aug 18, 20264 EDGAR
  15. Aug 17, 2026144 EDGAR
  16. Aug 14, 2026SCHEDULE 13G/A EDGAR
  17. Aug 5, 20264 EDGAR
  18. Aug 3, 2026144 EDGAR
  19. Jul 30, 2026SCHEDULE 13G/A EDGAR
  20. Jul 29, 202610-Q EDGAR

The 614 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

230 open-market trades by officers, directors and large owners since October 2021: 2 buys and 228 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 1, 2026Davies Philip DCorp. VP-Global Sales & Mktg.Sale3,073$177.70$546.1KForm 4
Aug 17, 2026Lavie ZmiraDirectorSale908$250.00$227.0KForm 4
Aug 17, 2026ANDERSON SAMUEL JDirectorSale2,073$252.60$523.6KForm 4
Aug 3, 2026Davies Philip DCorp. VP-Global Sales & Mktg.Sale3,072$211.69$650.3KForm 4
Jul 23, 2026Lavie ZmiraDirectorSale1,216$224.72$273.3KForm 4
Jul 6, 2026VINCIARELLI PATRIZIOChairman & CEOSale700$302.41$211.7KForm 4
Jul 2, 2026VINCIARELLI PATRIZIOChairman & CEOSale20,000$318.88$6.4MForm 4
Jul 1, 2026Davies Philip DCorp. VP-Global Sales & Mktg.Sale3,073$356.97$1.1MForm 4
Jul 1, 2026VINCIARELLI PATRIZIOChairman & CEOSale20,000$356.68$7.1MForm 4
Jun 30, 2026VINCIARELLI PATRIZIOChairman & CEOSale20,000$375.04$7.5MForm 4
Jun 29, 2026VINCIARELLI PATRIZIOChairman & CEOSale8,760$366.98$3.2MForm 4
Jun 29, 2026VINCIARELLI PATRIZIOChairman & CEOSale11,240$345.04$3.9MForm 4
Jun 26, 2026D'Amico AndrewDirectorSale331$319.53$105.8KForm 4
Jun 26, 2026VINCIARELLI PATRIZIOChairman & CEOSale20,000$323.05$6.5MForm 4
Jun 25, 2026Schmidt James FCFO, Treasurer, SecretarySale1,000$331.68$331.7KForm 4
Jun 25, 2026D'Amico AndrewDirectorSale200$336.82$67.4KForm 4
Jun 25, 2026VINCIARELLI PATRIZIOChairman & CEOSale20,000$330.55$6.6MForm 4
Jun 24, 2026Schmidt James FCFO, Treasurer, SecretarySale331$334.90$110.9KForm 4
Jun 24, 2026VINCIARELLI PATRIZIOChairman & CEOSale20,000$326.44$6.5MForm 4
Jun 23, 2026Schmidt James FCFO, Treasurer, SecretarySale754$330.00$248.8KForm 4

All 230 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.2,460,929$934.6M0.0%−423,446
Jpmorgan Chase & Co2,370,220$869.8M0.1%+263,494
Vanguard Portfolio Management LLC1,280,146$486.2M0.0%+118,012
Vanguard Capital Management LLC1,120,538$425.6M0.0%+85,798
State Street Corp726,021$275.7M0.0%−85,596
Geode Capital Management, LLC587,338$223.1M0.0%−15,323
Jane Street Group, LLC539,169$204.8M0.1%+211,454
Manufacturers Life Insurance Company, The530,885$201.6M0.2%−72,479
Arrowstreet Capital, Limited Partnership530,811$201.6M0.1%−5,463
Needham Investment Management LLC524,000$199.0M6.0%+2,000
Driehaus Capital Management LLC496,507$188.6M1.1%+307,044
Dimensional Fund Advisors LP493,315$187.3M0.0%−355
Aqr Capital Management LLC449,529$168.0M0.1%+301,220
Goldman Sachs Group Inc373,757$141.9M0.0%−16,010
Invesco Ltd.245,334$93.2M0.0%+118,868
Morgan Stanley230,808$87.7M0.0%−76,121
Northern Trust Corp192,902$73.3M0.0%−79,809
UBS Group AG156,855$59.6M0.0%+64,432
Charles Schwab Investment Management Inc155,435$59.0M0.0%−39,018
First Trust Advisors LP154,621$58.7M0.0%−9,332
Vanguard Fiduciary Trust Co152,771$58.0M0.0%−5,609
Colrain Capital LLC150,277$57.1M19.3%−51,356
AWM Investment Company, Inc.148,981$56.6M4.9%−139,199
Bank of New York Mellon Corp139,978$53.2M0.0%−308
Susquehanna International Group, Llp133,641$50.8M0.0%+73,581

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

2 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Mar 31, 2025Jefferson ShreveRepublican, HouseSale$15,001 - $50,000−332.1%Report
Mar 5, 2025Jefferson ShreveRepublican, HouseBuy$15,001 - $50,000+228.3%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

Sources

The numbers on this page point here. Each one links to the record it came from.

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