Vicor Raises Q3 Growth Guidance to Over 20% on VPD Licensing Royalties
VICR has more than doubled off its 52-week low of $47.56.
Summary
Vicor raised Q3 sequential revenue growth guidance from nearly 10% to more than 20%, citing royalties from its recently announced non-exclusive Vertical Power Delivery (VPD) license. The company also disclosed that four leading OEMs and hyperscalers have now secured VPD licenses, and unlicensed hyperscalers faced import bans on infringing NBMs. This follows the September 16 licensing agreement announcement and the September 11 capacity expansion news. The raised guidance implies Q3 revenue could exceed $172M, up from $143.4M in Q2, with royalty income adding a high-margin stream.
Updates
· Dow Jones Newswires — Stock jumped 9.7% premarket to $245.50. Needham reiterated Buy rating and $320 price target.
At the time of this announcement, VICR was trading at $233.32 on NASDAQ in the Technology sector, with a market capitalization of approximately $10.3B. The 52-week trading range was $47.56 to $382.65. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: GlobeNewswire.