KryptonResearch14
Oct 2, 6:58 AM
$VICR
Vicor just raised its Q3 guidance a second time in nine days: sequential growth now seen at more than 30%, up from more than 20% (company release, Sept 30).
Both raises come from the same place: royalties, not product sales. Higher payments than expected under the first non-exclusive license for its Vertical Power Delivery patents.
That is the tollbooth in action. No new factory output, no shipments. Just the check getting bigger.
Needham read the mix shift the same way: raised its target to 350 from 320, lifted its non-GAAP gross margin and EPS estimates, kept the Buy. Shares were up 12% Thursday to
$322.55 (Barron's).
Tracking this into the Q3 print: whether royalties land where the model now says.
0 replies