Vicor Raises Q3 Revenue Guidance, Shares Rise in After-Hours Trading
Vicor Corporation (NASDAQ: VICR) saw its stock rise approximately 10% in after-hours trading following an upward revision of its third-quarter revenue growth guidance. The company now expects sequential revenue growth to exceed 30%, up from a previous forecast of more than 20%. This increase is attributed to higher royalties stemming from the first non-exclusive license for Vertical Power Delivery (VPD). The licensing deal marks a significant milestone in Vicor's strategy, as it expands access to its proprietary VPD technology. Analysts and investors view this development positively, with some suggesting that the move could enhance adoption of Vicor’s power delivery solutions across various industries.
Tickers: $VICR
Topics: licensing royalties stock_movement