Vicor Raises Q3 Revenue Outlook, Shares Rise Nearly 9.9%
Vicor Corporation (NASDAQ:VICR) shares surged nearly 9.9% in premarket trading after the company raised its third-quarter revenue outlook for 2026 due to increased royalty income from its Vertical Power Delivery licensing program. The new guidance anticipates sequential growth of over 20%, up from a previous forecast of around 10%. This revision reflects recent licensing agreements with four major OEMs and hyperscale computing operators, which are adding recurring revenue streams beyond direct product sales. Vicor's CEO highlighted that some unlicensed systems using its patented VPD technology may face import restrictions. The company is actively pursuing additional licenses at early stages to avoid escalation costs for potential partners. In parallel, Vicor has expanded manufacturing capacity by acquiring new sites in New Hampshire and authorized a $150 million share repurchase program. Despite broader market declines linked to the S&P 500 and Nasdaq futures, investor sentiment remains positive with an average price target of $381.67 and a consensus Buy rating.
Tickers: $VICR
Topics: licensing_agreements manufacturing_expansion stock_movement