Vicor shares rise after royalty income boosts growth outlook

• Vicor (NASDAQ:VICR) raised its third-quarter growth outlook after securing royalty income from a new technology licensing agreement.
• The company now expects sequential Q3 growth of more than 20%, up from its previous forecast of nearly 10%.
• The upgrade reflects licensing revenue tied to Vicor’s Vertical Power Delivery technology.

Vicor Corporation (NASDAQ:VICR) shares moved higher in premarket trading after the modular power components manufacturer raised its third-quarter growth outlook, citing royalty income from a recently announced licensing agreement.

The company now expects third-quarter sequential growth of more than 20%, compared with its previous outlook for growth of nearly 10%.

Vicor said the forecast improvement reflects royalty payments associated with a non-exclusive license for its Vertical Power Delivery (VPD) technology.

Following the announcement, Vicor's share price rose approximately 10% in premarket trading.

Vicor Chief Executive Officer Patrizio Vinciarelli said four leading companies have secured licenses to use power system technology developed and patented by Vicor.

The company’s VPD technology focuses on advanced power delivery architectures designed to improve efficiency and performance in high-power computing and electronic systems.

Vicor’s shares have gained significantly during 2026, with the stock more than doubling year to date as of the previous market close.

Market data compiled by LSEG showed all four covered brokerages rated the stock as “buy,” with a median price target of $387.50.