Vicor raises third-quarter revenue guidance; stock rips higher

Vicor Corporation's shares surged more than 11% in after-hours trading on Wednesday following the company's announcement that it increased its third-quarter 2026 revenue guidance. The power component manufacturer raised its sequential growth guidance from above 20% to above 30%, pointing to higher royalties from its initial non-exclusive license for Vertical Power Delivery (VPD) technology.

This guidance update came on September 30, following Vicor's September 17 announcement that it had granted a non-exclusive license to a new AI Original Equipment Manufacturer (OEM) licensee. The license enables the OEM to source VPD modules, protected by Vicor patents, from unlicensed suppliers. VPD is an innovative power architecture that positions current multipliers right beneath high-performance processors, aiming to eliminate power loss and boost data center efficiency for AI applications.

Under Vicor's licensing approach, licensees can acquire VPD solutions from unlicensed global suppliers or directly from Vicor. The company revealed that licensees procuring VPD modules from Vicor may receive significant discounts on licensing royalties for standard VPD modules from unlicensed suppliers. Vicor, based in Andover, Massachusetts, specializes in designing and manufacturing modular power components and complete power systems based on patented technologies.

The company's modules and power system technology find applications in high-performance computing, industrial, transportation, aerospace, and defense sectors. The company also highlighted that its licensing practice offers Original Equipment Manufacturers (OEMs) and hyperscalers multi-source flexibility, supply chain redundancy, and scalability, including from Vicor's U.S.-based manufacturing facilities.