Vicor Corporation (VICR) is strategically enhancing its power delivery solutions to meet growing demands in AI hardware, particularly within data centers. The company’s Advanced Products segment has grown from 55.3% of total revenues in 2023 to 61% in 2025, with first-quarter revenue for 2026 reported at $64.9 million, reflecting a 3.7% increase from the previous quarter, and royalties rising by 39.1% year-over-year to $14.97 million.
As of the first quarter of 2026, Vicor’s backlog reached $300.6 million, up 70% sequentially, and it anticipates its Fab 1 facility will support an annual revenue run rate of at least $1.5 billion, increasing from the previously estimated $1 billion. For 2026, the company projects nearly $570 million in revenues, driven by rising demand for efficient power systems in AI applications.
Vicor stock has surged 137.8% year-to-date, significantly outperforming the overall Computer & Technology sector’s 15.8% return. Its competitors, Monolithic Power, Analog Devices, and Texas Instruments, have seen year-to-date increases of 49.2%, 44.1%, and 73.6%, respectively. However, the company faces risks related to execution, including the installation of a new interconnect line expected to be operational in late 2026.
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