Vicor shares rose more than 9% in early trading Wednesday to $222.70, extending a rally after strong third-quarter results that beat analyst expectations. Product and royalty revenue reached $197.1 million, up 78.5% from a year earlier, while net income more than doubled to $63.3 million and gross margin rose to 68.3%. Order backlog climbed 166% to $406 million, though $66.6 million of royalty revenue included catch-up payments for earlier periods, raising questions about how much will recur. The stock is up about 87% this year and 138% over 52 weeks, with a trailing P/E near 61, which some analysts view as a high premium. The gains also followed a broader AI infrastructure rebound after strong reports from SpaceX and Super Micro Computer.
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Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.2T |
| Close on 10/20/2026 | 216.47 |
| Change that session | -0.29% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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Vicor shares climbed about 7.4% as of 2:58 p.m. ET after the modular power components maker reported stronger-than-expected third-quarter 2026 results before the market opened. Revenue rose 78.5% year over year to $197.1 million, above analysts' $187 million forecast, and net income reached $63.3 million, or $1.33 per diluted share, versus $0.63 a year earlier and an expected $1.24. Backlog climbed 166% to $406 million as of the end of September 2026, which the article links to the company licensing its power technologies to hyperscalers and its data center exposure. The stock is up about 87% so far this year, and the article notes it trades at 75.8 times operating cash flow, well above its five-year average of 36.6.
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