Vicor stock soars after raising Q2 revenue forecast

Vicor raised its second-quarter revenue guidance to $142 million from $126 million, attributing the increase to stronger product sales tied to AI data-center demand and additional royalty income from a newly signed licensing agreement.

The company attributed the higher forecast to both increased product revenue and added royalty payments under a license that grants customers access to Vicor’s patented power-system technologies. Vicor reported about $15 million in royalty revenue in the first quarter; the new agreement contributes incremental royalty income that pushed the second-quarter outlook above analyst expectations.

Shares climbed as much as 24% on Tuesday to an all-time high before trimming gains. Vicor’s stock is up roughly 203% year to date.

Vicor also posted first-quarter results that exceeded forecasts, reporting earnings per share of $0.44 and revenue of about $112.97 million.

The licensing deal covers power converter topologies, control systems, power components and power distribution architectures. Patrizio Vinciarelli characterized the agreement as “an all-inclusive license” that allows original equipment manufacturers and hyperscalers multi-source access to Vicor’s patented power-system innovations.

Analysts noted royalty payments remain a smaller part of Vicor’s overall business but that adding a licensee could point to broader adoption of the company’s intellectual property among hyperscale operators and enterprise customers building advanced AI computing systems. FactSet estimates had expected only a modest rise in royalty revenue for the quarter.

The stronger guidance and licensing announcement also supported gains in other power semiconductor and power management stocks. Data centers expanding AI deployments require efficient power delivery and reliable energy distribution, increasing demand for specialized power systems.