Equity · Technology
Vicor Corporation (VICR) perpetual futures
VICR perpetual futures on 7 crypto exchanges – live perp price vs the stock, funding rate, open interest and where to trade VICRUSDT.
Vicor Corporation designs, manufactures and globally distributes modular power components and systems that convert electrical power, plus custom power solutions for OEMs and electronics manufacturers.
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Trading data
Perpetual market activity
7/7 live markets
Trading data
Perpetual market activity
Spot performance
Venue matrix
7 markets
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| Trade | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
 BingX | Trade | VICR-USDT | Trading | $173.19 | +5.5% APR +0.00500% every 8h | +96.2 bps | $848.8 | $359.1K | $1.7K | USDT | - | |
 XT.com | Trade | VICR/USDT | Trading | $174.31 | 0.0% APR 0.000% every 8h | +303.3 bps | $0 | $290.1K | $8.1M | USDT | 20x | |
 OKX | Trade | VICR/USDT | Trading | $173.23 | 0.0% APR 0.000% every 8h | +94.9 bps | $1.1K | $104.7K | $29K | USDT | 10x | |
 MEXC | Trade | VICR/USDT | Trading | $173.28 | 0.0% APR 0.000% every 8h | +195.6 bps | $547.5 | $101.2K | $100.6K | USDT | 20x | |
 HTX | Trade | VICR/USDT | Trading | $172.08 | 0.0% APR 0.000% every 8h | +632.5 bps | $0 | $56.9K | $1.8K | USDT | - | |
 LBank | Trade | VICR/USDT | Trading | $173.26 | 0.0% APR 0.000% every 8h | +94.9 bps | $17.6K | $45.4K | $3.5K | USDT | 20x | |
 Gate.io | Trade | VICR/USDT | Trading | $173.89 | 0.0% APR 0.000% every 8h | +303.3 bps | $0 | $2.6K | $5K | USDT | 20x |
Tokenized wrappers of the real stock, tradable on-chain and on crypto exchanges around the clock. Premium/discount compares the token price to our stock reference price. Data: CoinMarketCap · Robinhood · DexScreener · GeckoTerminal.
| Product | Price | Premium vs stock | 24h Vol. | Market Cap | Chains |
|---|---|---|---|---|---|
| VICRRobinhood | – | – | – | $6k | Robinhood Chain |
Tradability
Execution quality
Entry cost and depth per venue at $1k–$100k
Tradability
Execution quality
Entry cost and depth per venue at $1k–$100kThin liquidity · 1 of 7 venues absorb $10k · Typical cost: +124.2 bps
Cheapest execution: LBank · +124.2 bps
Too thin: OKX, BingX
No fresh book data: MEXC, XT.com, HTX, Gate.io
Taker execution estimate incl. approx. fees - maker fills are not guaranteed.
Best venues for this underlying
Best liquidity
VICRTightest spread
VICRHighest volume
VICRFunding history
Stored venue snapshots by market
Funding history
Stored venue snapshots by marketNext catalyst
Catalysts
Next catalyst
Catalysts
No unusual perp activity right now.
Research data
Analysts, filings and peer context
Research data
Analysts, filings and peer context
Estimates
6Company events
6Peer comparison
Similar listed perpsRevenue mix
Latest annualAnalysts
Price targetsAnalyst rating history
RatingsOwnership
Institutional · 2026-Q3Reference market activity
VICR-PERPPrice performance
11Insider activity
FY2026 Q4Insider transactions
25Vicor officer Alex Gusinov exercised 3,075 non-qualified stock options into 3,075 common shares on 2026-11-03, across three M-Exempt transactions at $41.61-$75.43. No open-market purchases or sales; he held 6,605 shares after.
Vicor director and officer Philip D. Davies exercised stock options on 3,073 shares at $33.96 and sold 3,073 shares across 12 open-market trades at $174.9978-$192.07 on Nov 2, 2026.
Vicor director Philip D. Davies exercised 2,216 options into common stock under M-Exempt transactions (2,216 options exercised at $33.96 plus 856 at $41.61) and sold 472 common shares at $307.09-$308.49.
Filings
37 · Latest SEC filingsVicor officer Alex Gusinov exercised 3,075 non-qualified stock options into 3,075 common shares on 2026-11-03, across three M-Exempt transactions at $41.61-$75.43. No open-market purchases or sales; he held 6,605 shares after.
Vicor director and officer Philip D. Davies exercised stock options on 3,073 shares at $33.96 and sold 3,073 shares across 12 open-market trades at $174.9978-$192.07 on Nov 2, 2026.
Vicor director and CEO Patrizio Vinciarelli sold 20,000 Common Stock shares in 7 open-market sales on 2026-10-02 at $306.9256-$313.3191, leaving 8,307,390 shares owned.
Vicor director Philip D. Davies exercised 2,216 options into common stock under M-Exempt transactions (2,216 options exercised at $33.96 plus 856 at $41.61) and sold 472 common shares at $307.09-$308.49.
Vicor director and CEO Patrizio Vinciarelli reported 17 open-market sales (S-Sale) totaling 20,000 common shares on 2026-10-01 at prices from $307.0155 to $330.
Vicor director Philip D. Davies exercised options on 3,073 shares at $41.61 and sold 3,073 shares on the open market at $176.59-$184.85, leaving 1,920 shares owned.
Director Samuel J. Anderson reported exercising 3,409 non-qualified stock options (M-Exempt) at $32.89-$100 per share, receiving 3,409 Vicor common shares in five exercises. No open-market purchases or sales occurred.
Vicor director Lavie Zmira exercised 908 stock options at $44.07 into 908 common shares, then sold all 908 shares at $250 on the open market.
Vicor director Samuel J. Anderson sold 2,073 common shares at $252.6001 on 2026-08-17, leaving 4,034 shares owned.
Vicor director and officer Philip D. Davies exercised 3,072 non-qualified stock options at $41.61 and sold 3,072 common shares in nine open-market sales at $200.06-$216.04 on 2026-08-03.
Director Estia J. Eichten exercised 5,987 non-qualified stock options into 5,987 common shares of Vicor across four tranches on 2026-07-24, with strike prices from $19.35 to $68.48. The options were fully disposed of in the conversion; no open-market purchase or sale occurred.
Vicor director Lavie Zmira exercised options on 1,216 common shares at $32.89 and sold the same 1,216 shares at $224.72, leaving 0 shares.
Vicor director and CEO Patrizio Vinciarelli sold 700 common shares in two open-market sales on July 6, 2026, at prices from $302.036 to $303.315, leaving 8,347,390 shares owned.
Vicor director/CEO Patrizio Vinciarelli sold 20,000 Common Stock shares in 19 open-market sales on 2026-07-01 at $345.02-$366.70, leaving 8.37M shares owned.
Vicor director and Chairman & CEO Patrizio Vinciarelli sold 20,000 shares of Common Stock across 24 open-market transactions on 2026-07-02 at prices from $309.1498 to $350.535, leaving him 8,352,490 shares (figures per the reported balances).
Director Philip D. Davies exercised 3,073 non-qualified stock options (M-Exempt) into common stock and sold 3,073 common shares (S-Sale) at $348.84-$366.68 on 2026-07-01.
Vicor director and CEO Patrizio Vinciarelli sold 20,000 Common Stock shares in 17 open-market sales on 2026-06-30 at prices from $354.45 to $382.275; he held about 8.41M shares afterward.
Vicor director, 10% owner and Chairman/CEO Patrizio Vinciarelli sold 11,240 common shares across 28 open-market sales on 2026-06-29 at prices from $322.10 to $364.47, leaving 8,423,590 shares after the sampled sales.
Vicor director, 10% owner and Chairman & CEO Patrizio Vinciarelli sold 8,760 Common Stock shares in 5 open-market sales on 2026-06-29 at $365.5195-$369.335, leaving 8,408,090 shares owned.
Vicor CFO James F. Schmidt exercised 1,000 non-qualified stock options at $100 and sold 1,000 common shares at $327.19-$342.51, ending at 0 shares owned.
Patrizio Vinciarelli, director and CEO of Vicor Corporation, reported 15 open-market sales (S-Sale) of Common Stock totaling 20,000 shares at prices from $322.7385 to $342.51 on 2026-06-25, leaving 8,449,090 shares owned after the reported sales.
Vicor director D'Amico Andrew exercised options on 531 shares (M-Exempt, $60.37-$100) and sold 531 common shares at $319.53-$336.82 on June 25-26, 2026.
Vicor director and Chairman & CEO Patrizio Vinciarelli sold 20,000 common shares across 17 open-market transactions at $303.70-$326.93, leaving 8.44M shares held.
Vicor director and CEO Patrizio Vinciarelli sold 20,000 common shares across 23 open-market S-Sale transactions on 2026-06-24 at prices from $314.4242 to $339.29, leaving 8,477,890 shares owned after the last reported sale.
Vicor CFO James F. Schmidt exercised 331 options into 331 common shares at $60.37 and sold those same 331 shares on the open market at $334.90, ending with 0 shares.
Vicor director and CEO Patrizio Vinciarelli sold 20,000 Common Stock shares in 18 open-market transactions on June 23, 2026, at prices from $326.6833 to $347.07, leaving 8,493,990 shares owned.
Transcripts
Earnings callsFY2026 Q32026-10-20
Earnings calls
AI summary
positiveVicor reported Q3 FY2026 product and royalty revenue of $197 million, up 37.5% sequentially and 78.5% year over year, with royalty revenue rising 119.1% to $66.6 million and Advanced Products revenue up 47.5% sequentially to $139 million. Consolidated gross margin was 68.3%, up 40 basis points sequentially, and GAAP diluted EPS was $1.33 on 47.6 million diluted shares. Operating expenses rose 29.6% sequentially to $62.5 million, including $16.1 million of legal expense tied largely to royalty revenue. Cash ended at $513 million, up $59.6 million sequentially. Management said Q3 book-to-bill was above 1.1 and reported $100 million in bookings in the first two weeks of Q4. For Q4, Vicor expects a roughly 10% sequential increase in total product revenue and at least $43 million in royalty revenue assuming no new license agreements; management called the royalty figure a conservative baseline. The company also discussed purchases of sites for Fab 2 and Fab 3, capacity expansion, and an ITC investigation request regarding VPD patents.
Key takeaways
- Total product and royalty revenue rose 37.5% sequentially to $197 million, up 78.5% year over year.
- Royalty revenue increased 119.1% sequentially to $66.6 million; management said part of the increase came from initial royalty payments from a new licensee that were characterized as non-recurring.
- Advanced Products revenue rose 47.5% sequentially to $139 million, or 70.4% of total revenue; Brick Products revenue rose 18.4% sequentially to $58.3 million.
- Consolidated gross margin was 68.3%, up 40 basis points sequentially and 1,080 basis points year over year.
- Q3 book-to-bill was above 1.1, and Philip Davies said the company booked $100 million in the first two weeks of Q4, including a large order for second-generation VPD modules from its lead AI customer.
Financial highlights
- Product and royalty revenue of $197 million, up 37.5% sequentially and 78.5% year over year.
- Royalty revenue of $66.6 million, up 119.1% sequentially.
- Gross margin of 68.3%, up 40 basis points sequentially; operating expenses of $62.5 million, up 29.6% sequentially, including $16.1 million of legal expense.
- Net income of $63.3 million; GAAP diluted EPS of $1.33 on 47.6 million diluted shares; cash and equivalents of $513 million, up $59.6 million sequentially.
Guidance
- Q4 total product revenue expected to increase approximately 10% sequentially, with another double-digit sequential increase in Advanced Products product revenue.
- At least $43 million in royalty revenue expected in Q4, assuming no new license agreements are closed; management described this as a conservative baseline.
- Legal expense expected to average approximately 20% of royalty revenue on a run-rate basis in the near term.
- Initial equipment deployment at Fab 2 planned for Q2 of 2027 to address near-term capacity constraints; Fab 3 land purchase provides an option for longer-term capacity.
Q&A themes
- Analysts pressed on sizing the non-recurring portion of Q3 royalty revenue; management redirected them to the $43 million Q4 baseline and said royalties should be viewed as recurring.
- Questions on capacity expansion timing and scale for Fab 2 and Fab 3, including capex plans, which management said would be shared possibly at the next call.
- Discussion of second-generation VPD customer interest and adoption timing beyond the lead AI customer, with management citing capacity constraints as a near-term limiter.
- Questions on licensing mechanics, including stage-based royalty rates, renewal terms, and whether IVRs complement or compete with Vicor's point-of-load solutions.
Risks
- Royalty revenue remains lumpy and partly dependent on the timing of new license agreements and the ITC investigation; Q4 guidance assumes no new deals.
- Near-term product revenue growth is limited by capacity constraints at Fab 1, with Fab 2 equipment deployment not starting until Q2 of 2027.
- Legal expense is substantial and partly contingent on royalty revenue, expected to run at roughly 20% of royalty revenue in the near term.
Company news
Reuters, WSJ, Bloomberg and FT first, as far as our news provider delivers them; other publishers behind the second filter. Headlines link to the publisher.No articles from Reuters, WSJ, Bloomberg or FT for this company in our feed.
Company data
Company intelligence
Updated: Nov 2, 2026, 07:43 PM UTC
Company data
Company intelligence
Company profile
- Sector
- Technology
- Industry
- Hardware, Equipment & Parts
- Chief executive
- Patrizio Vinciarelli
- Employees
- 1,092
- IPO date
- Apr 3, 1990
- Country
- US
- Exchange
- NASDAQ Global Select
Rating factors
- Return on equityi
- 4
- Return on assetsi
- 5
- Debt to equityi
- 5
- Price to earningsi
- 1
- Price to booki
- 1
Company press releases
Congressional disclosures
Market cap history
Largest fund holders
| Fund | Weight | Shares held |
|---|---|---|
| IJH | 0.14% | 890K |
| XAW.TO | 0% | 890K |
| VTI | 0.01% | 810.2K |
| NJH | 0.2% | 768.7K |
| VB | 0.09% | 580.3K |
| NJM | 0.22% | 540.1K |
| VBK | 0.21% | 323.3K |
| XMMO | 0.98% | 317.4K |
| VXF | 0.09% | 279K |
| DFAS | 0.13% | 230.3K |
| XMHQ | 0.72% | 198.3K |
| NLO | 0.43% | 188.7K |
Analyst track record
How the analysts covering VICR have done: ratings, price-target accuracy and the measured reaction after their calls.
| 12 months | 3 years | |
|---|---|---|
| Ratings | 27 | 57 |
| Analysts | 3 | 3 |
| Buy / hold / sell | 27 / 0 / 0 | 34 / 23 / 0 |
| Upgrades / downgrades / initiations | 0 / 0 / 1 | 3 / 1 / 1 |
| Price targets hit / missed | 1 / 20 (5%) | 9 / 20 (31%) |
| Avg. return after a rating (TipRanks) | -39.2% | +20.7% |
| Best / worst call | +38.3% / -64.7% | +297.7% / -64.7% |
After buy calls on this stock: median 21-day move -2.9% vs S&P 500 -3.9% (n = 37)
Latest ratings
| Date | Analyst | Call | Target | |
|---|---|---|---|---|
| Oct 21, 2026 | Justin ClareRoth MKM | BuyReiterated | $360 | article ↗ |
| Oct 21, 2026 | Justin ClareRoth MKM | BuyReiterated | $360 | article ↗ |
| Oct 5, 2026 | Richard ShannonCraig-Hallum | BuyReiterated | $450 | article ↗ |
| Oct 5, 2026 | Richard ShannonCraig-Hallum | BuyReiterated | $450 | |
| Oct 1, 2026 | Richard ShannonCraig-Hallum | BuyMaintained | – | article ↗ |
Share of analysts per call each month (latest call per analyst within 180 days). Targets and closes in USD.
TipRanks data · computed Nov 5, 2026 · 27 ratings
Frequently asked questions
Where can I trade VICR perpetual futures?
Vicor Corporation (VICR) perpetual futures trade on 7 crypto venues, including BingX, XT.com, OKX. PerpEquities compares them by live price, funding rate, open interest and liquidity.
Can I trade VICR around the clock?
Yes. Unlike the underlying stock, VICR perpetuals trade 24/7 — including weekends and outside regular market hours.
What is the funding rate on VICR perpetuals?
Right now the VICR perp funding rate is 0.0% annualized (venue median), ranging from 0.0% to +5.5% across 7 venues. A positive rate means longs pay shorts. PerpEquities shows the live rate and its history for every venue.
How does the VICR perp price compare to the Vicor Corporation stock?
The venue-median VICR perp mark is $173.3 versus a reference stock price of $173.3, a basis of 0.0%. Perps follow the stock through an index price; the gap widens when funding or liquidity diverge between venues.
What is a VICR perpetual future?
A VICR perpetual is a derivative that tracks the price of Vicor Corporation with no expiry date. It lets you take long or short exposure to Vicor Corporation on crypto venues, around the clock.
What is VICRUSDT perpetual?
VICRUSDT is the symbol most crypto exchanges use for the Vicor Corporation perpetual settled in USDT (Tether). It tracks the VICR share price through an index, trades 24/7 with leverage and never expires.
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