On September 22, Vicor rose 6.3% in after-hours trading, trading at $241.74/share, with turnover of $2.8953 million. The move was driven by the announcement that Vicor has granted a non-exclusive license to a leading AI OEM, allowing the licensee to procure Vertical Power Delivery (VPD) modules protected by Vicor patents.

The licensing deal marks a significant milestone in the commercialization of Vicor's core AI power delivery technology, expanding the adoption of its proprietary VPD architecture among top-tier AI hardware manufacturers. The agreement reinforces Vicor's strategy of monetizing its extensive patent portfolio while broadening the ecosystem for its high-density power solutions.

The announcement builds on a series of positive developments. In its most recent quarterly report, Vicor posted Q2 EPS of $1.04, beating the consensus estimate of $0.64 by 62.5%, while revenue of $143.4 million also topped the $138.4 million expectation. Backlog surged 145% year-over-year, reflecting robust AI compute power demand. The company also recently acquired properties in New Hampshire to construct nearly one million square feet of new fabrication capacity, and its board approved a $150 million share repurchase program, underscoring management confidence in the growth trajectory.

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