Vicor Lifts Q3 Growth Outlook Again to Over 30% on AI Demand
VICR has more than doubled off its 52-week low of $48.31.
Summary
Vicor raised its Q3 sequential revenue growth guidance to more than 30%, up from the more than 20% it guided just nine days ago. The company cited royalties from its recently announced Vertical Power Delivery licensing deal as a key driver. This is the second upward revision this month, signaling accelerating demand for its power modules in AI data centers. The stock has already responded to the prior guidance hikes, but this further increase suggests upside to consensus estimates. Investors will watch for Q3 results to confirm the trajectory.
At the time of this announcement, VICR was trading at $290.07 on NASDAQ in the Technology sector, with a market capitalization of approximately $13.4B. The 52-week trading range was $48.31 to $382.65. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.