Direct Customers, Contract Manufacturers & Non-Stocking Distributors was Vicor’s largest product and service line in fiscal 2025, bringing in $234.52M of $469.32M (50%).
| Product and Service | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|
| Direct Customers, Contract Manufacturers & Non-Stocking Distributors | $319.59M | $163.55M | $88.14M | $234.52M | ||||
| Stocking Distributors, Net Of Sales Allowances | $51.82M | $96.44M | $103.77M | $109.23M | ||||
| Royalty Revenue | $2.80M | $15.87M | $46.60M | $57.38M | ||||
| Royalties | $2.80M | $15.87M | $46.60M | $57.38M | ||||
| Non-Recurring Engineering | $10.97M | $28.02M | $10.62M | $9.78M | ||||
| Other | $71.00K | $1.16M | $1.44M | $1.02M | ||||
| Total | $388.05M | $320.90M | $297.17M | $469.32M |
Vicor brought in $469.32M from its six product and service lines in fiscal 2025, the year ended December 31, 2025. That was up 57.9% from $297.17M in fiscal 2024. Direct Customers, Contract Manufacturers & Non-Stocking Distributors was the largest at $234.52M (50.0%), ahead of Stocking Distributors, Net Of Sales Allowances at $109.23M (23.3%) and Royalty Revenue at $57.38M (12.2%). The other three lines brought in $68.19M combined.
Compared with fiscal 2024, Direct Customers, Contract Manufacturers & Non-Stocking Distributors grew fastest, up 166.1% to $234.52M, while Non-Recurring Engineering fell the most, down 7.9% to $9.78M. From fiscal 2022 to 2025, combined revenue from these lines grew from $388.05M to $469.32M, a compound annual growth rate of 6.5%. Direct Customers, Contract Manufacturers & Non-Stocking Distributors' share of the total fell from 82.4% to 50.0%.
United States was Vicor’s largest region in fiscal 2025, bringing in $126.46M of $279.14M (45%).
| Geography | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Asia Pacific | $179.26M | $128.64M | $81.63M | $106.48M | |||||||
| United States | $76.31M | $149.46M | $185.83M | $126.46M | |||||||
| Europe | $27.86M | $59.74M | $27.09M | $42.85M | |||||||
| All Other | $3.37M | $3.85M | $1.93M | $3.36M | |||||||
| All Other Countries | — | — | — | — | |||||||
| Total | $286.79M | $341.68M | $296.49M | $279.14M |
Vicor brought in $279.14M from its four regions in fiscal 2025, the year ended December 31, 2025. That is less than the $469.32M it reports by product and service, so these regions do not cover all of its revenue. United States was the largest at $126.46M (45.3%), ahead of Asia Pacific at $106.48M (38.1%) and Europe at $42.85M (15.4%). The remaining region, All Other, brought in $3.36M.
Compared with fiscal 2024, Europe grew fastest, up 58.2% to $42.85M, while United States fell the most, down 32.0% to $126.46M.
Bbu was Vicor’s largest segment in fiscal 2013, bringing in $163.01M of $198.35M (82%).
| Segment | FY 2010 | FY 2011 | FY 2012 | FY 2013 |
|---|---|---|---|---|
| Bbu | $217.02M | $194.83M | $179.92M | $163.01M |
| Vi Chip | $33.84M | $55.15M | $38.08M | $35.33M |
| Picor | $11.06M | — | — | — |
| Eliminations | -$11.19M | — | — | — |
| Total | $250.73M | $249.98M | $218.00M | $198.35M |
Vicor brought in $198.35M from its two segments in fiscal 2013, the year ended December 31, 2013. That was down 9.0% from $218.00M in fiscal 2012. Bbu was the largest at $163.01M (82.2%), ahead of Vi Chip at $35.33M (17.8%).
Compared with fiscal 2012, Vi Chip fell 7.2% to $35.33M and Bbu fell 9.4% to $163.01M.
Vicor stopped reporting Picor as a separate segment after fiscal 2010, when it brought in $11.06M.
Vicor (VICR) reports its revenue by product and service, by geography and by segment. In fiscal 2025, Direct Customers, Contract Manufacturers & Non-Stocking Distributors was its largest product and service line, bringing in $234.52M (50.0% of the total), followed by Stocking Distributors, Net Of Sales Allowances at $109.23M (23.3%).
Direct Customers, Contract Manufacturers & Non-Stocking Distributors was Vicor's largest product and service line in fiscal 2025, bringing in $234.52M, or 50.0% of the $469.32M total across its six product and service lines.
United States was Vicor's largest region in fiscal 2025, bringing in $126.46M, or 45.3% of the $279.14M total across its four regions.
Bbu was Vicor's largest segment in fiscal 2013, bringing in $163.01M, or 82.2% of the $198.35M total across its two segments.
Among Vicor's product and service lines that make up at least 2% of revenue, Direct Customers, Contract Manufacturers & Non-Stocking Distributors grew fastest in fiscal 2025, up 166.1% from $88.14M to $234.52M.
Every figure comes from Vicor's annual financial filings, as reported. Each line keeps the name Vicor gives it, and years follow its fiscal calendar.
Vicor's revenue by product and service goes back to fiscal 2018, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.