Vicor Corp (NASDAQ: VICR) is a power electronics company that designs, develops, manufactures, and markets modular power components and power systems for converting electrical power. Revenue comes from transactional product sales across two portfolios: Advanced Products, which accounted for approximately 61.0% of consolidated net revenues for the year ended December 31, 2025, and Brick Products, which accounted for approximately 39.0% over the same period. Advanced Products targets data center and hyperscaler computing, aerospace, defense, satellites, factory automation, telecommunications, and electric and autonomous vehicles. Brick Products serves aerospace and defense electronics, industrial equipment, instrumentation, and transportation including rail and heavy equipment. Vicor is headquartered in Andover, Massachusetts, where its primary manufacturing facility is located, and operates international Technical Support Centers along with a 92.5%-owned Japanese subsidiary, Vicor Japan Company, Ltd., focused on the Japanese market.

Revenue model

Transactional product sales of modular power components and power systems, split between Advanced Products (61.0% of net revenues, FY2025) and Brick Products (39.0% of net revenues, FY2025). Advanced Products revenue includes royalty revenue. Accessories sold alongside core products.

Products and services

Advanced Products: modular power components targeting high-efficiency conversion, higher current loads, and diverse on-board voltages, including Factorized Power Architecture solutions for server motherboards, server racks, and datacenter infrastructure, as well as solutions for aerospace, defense, vehicles, and telecommunications. Brick Products: modular power components for aerospace and defense electronics, industrial and instrumentation equipment, and transportation. Electrical and mechanical accessories. Custom power solutions through Vicor Custom Power subsidiaries (Freedom Power Systems, Inc. and Northwest Power, Inc.).

Customers and end markets

Advanced Products customers concentrated in data center and hyperscaler segments of enterprise computing; also aerospace and aviation, defense electronics, satellites, factory automation, instrumentation and test equipment, telecommunications and networking infrastructure, and vehicles (autonomous driving, electric vehicle, and hybrid vehicle niches). Brick Products customers concentrated in aerospace and defense electronics, industrial equipment, instrumentation and test equipment, and transportation (rail and heavy equipment). Strategy emphasizes larger, high-volume customers.

Value-chain role

Vertically integrated designer and manufacturer of modular power components, with the majority of products manufactured at the Andover, Massachusetts facility. Sells directly and through subsidiaries. International Technical Support Centers conduct preparatory and auxiliary sales-support services. VJCL customizes and sells products for the Japanese market.

Geographic exposure

Headquartered in Andover, Massachusetts. Domestic offices in Santa Clara, California; Lombard, Illinois; Lincoln, Rhode Island; Cedar Park, Texas; and Milwaukie, Oregon. International presence through Technical Support Centers and subsidiaries outside the United States. Japanese operations through 92.5%-owned Vicor Japan Company, Ltd., headquartered in Tokyo.

Source: SEC 10-K, filed 2026-03-02

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