Vicor designs and manufactures modular power components that convert electrical power into the form electronic devices need. Its products include brick-format DC-DC converters and supporting parts that filter, rectify and protect incoming power. It also builds custom power systems for customers in industries such as aerospace, defense and telecommunications.

What is Vicor's fair value?

On an owner-earnings DCF, Vicor's most-likely fair value is about $42, versus a recent price near $266. A margin-of-safety estimate, not a price target. Analysis, not advice.

Technology · Electronic Components · VICR

What Vicor Does & How It Makes Money (VICR)

Updated October 2026 · reflects Vicor's latest reported financials

Maker of modular power components and power conversion systems. Vicor earns revenue by selling power converters, related components and accessories to electronics makers, OEMs, ODMs and their contract manufacturers.

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How Vicor makes money

Vicor earns revenue by selling power converters, related components and accessories to electronics makers, OEMs, ODMs and their contract manufacturers. It also designs, sells and services custom power system solutions.

What Vicor does

Vicor Corporation, founded in 1981 and headquartered in Andover, Massachusetts, makes modular power components and power systems that convert electrical power for electronic devices. Its lineup centers on brick-format DC-DC converters, plus complementary components for AC line rectification, input filtering, power factor correction and transient protection, along with accessories and custom-designed power systems. The company sells to independent electronics makers, OEMs, ODMs and contract manufacturers in the United States, Europe, Asia Pacific and elsewhere. Its end markets include aerospace and aviation, defense electronics, satellites, factory automation, instrumentation, test equipment, transportation, telecom and networking infrastructure, and vehicles.

Products & services

Brick-format DC-DC converters
AC line rectification and power factor correction components
Input filtering and transient protection modules
Custom power system solutions
Electrical and mechanical accessories

What is Vicor worth?

On an owner-earnings DCF, Vicor's most-likely value is about $42 versus a recent price near $266 (84% above fair value). But TacticScale only calls a stock undervalued when the price sits below its conservative no-growth floor (~$16) with a margin of safety — so the honest verdict here is “Stretched — richly priced.” Fair value earns its keep only at the extremes, not in the wide middle.

Verdict: Stretched — richly priced

Owner-earnings fair value · recent price ≈ $266

Fair value (most likely)

$42

Range

$25–$111

No-growth floor

$16

Price

~$266

Today's $266 is above even the optimistic Bull case ($111) — the market expects faster, longer growth than modeled here. Expensive unless that extra growth actually shows up.

Analysis, not advice. Fair value is a margin-of-safety estimate from a deterministic owner-earnings DCF, not a price target or recommendation. See the full breakdown →

Sector Technology Industry Electronic Components HQ United States Ticker VICR Official site

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