Vicor raised its third-quarter revenue-growth outlook to more than 20% sequentially, from nearly 10%, citing royalties from a new non-exclusive license for its Vertical Power Delivery Technology. Shares rose about 12% in after-hours trading.
CEO Patrizio Vinciarelli said four leading OEMs and hyperscalers have secured licenses, while other hyperscalers have reached out following IP disputes. Vicor did not disclose the royalty rate or how much of the guidance increase is tied to this agreement. It is developing a model that would let suppliers sell power modules using its patented technology to licensed customers, generating royalties without a proportional increase in manufacturing.
Vicor has previously warned that royalties can fall when customers switch to products it says are unlicensed. It remains in patent disputes with Delta Electronics and says a major ITC case can cost about $12 million to $15 million. Hedge-fund ownership rose from 42 at the end of Q1 2026 to 55 at the end of Q2; short interest was 8.5% of float on Aug. 31. The company also plans two more ChiP fabs, which the article flags as a capital-spending risk.
