For the third quarter of 2026, analysts expect Vicor to report consensus revenue of $187.03 million and earnings per share of $1.38, while the current stock price of $191.50 trades at a steep discount to the average analyst price target of $393.75. The primary story for investors is the contribution of royalties from Vertical Power Delivery (VPD) licensing agreements, which prompted management to raise sequential revenue growth guidance to over 30% in late September.
Shareholders are also closely monitoring the performance of the Advanced Products segment, which is seeing explosive demand from the AI data center market and next-generation GPU power architectures. Market focus remains on whether the company can maintain gross margins above 57% while simultaneously expanding manufacturing capacity at its new fabrication sites to clear its $380 million backlog.