On October 12, Vicor rose 5.61% in pre-market trading, trading at $281.0/share, with turnover of $1.6385 million. The move comes ahead of the company's third-quarter earnings call scheduled for October 20 and amid continued digestion of multiple positive catalysts including raised revenue guidance, capacity expansion, and a share buyback program.
The company recently lifted Q3 sequential growth guidance to more than 30%, up from an earlier target of more than 20%, citing increased royalties from a non-exclusive Vertical Power Delivery license with a leading AI OEM. Vicor also announced the purchase of properties in Merrimack and Hooksett, New Hampshire, to build nearly one million square feet of new fabrication capacity for AI-related power delivery chips, with initial deployment of ChiP Fab-2 expected to have a one-year lead time.
In addition, the board approved a $150 million share repurchase program with no expiry, replacing the prior authorization and supporting investor confidence. Collectively, these operational and financial catalysts underpin the pre-market strength in the stock.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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