Vicor Corp. raised its third-quarter 2026 sequential revenue growth outlook to more than 30%, up from more than 20%, marking its second guidance increase in September. The power technology company said higher royalties from its first non-exclusive Vertical Power Delivery (VPD) license drove the revision. Shares rose 11.38% to $321.82 in Thursday premarket trading, after gaining 10.1% to $318 in after-hours trading following the earlier guidance update. Vicor said four major OEMs and hyperscalers had secured licenses to its patented power technology. The company designs modular power components and systems for high-performance computing, industrial, transportation, aerospace and defense markets. Analysts estimate third-quarter earnings of $1.01 per share on revenue of $165.45 million, compared with 63 cents and $110.42 million a year earlier. The stock trades at about 92.6 times earnings, while the average analyst price target is $381.67. Vicor has a Buy consensus rating; Roth Capital set a $375 target and Needham set a $320 target on Sept. 22. ETFs including TMAT and COOL hold 2.05% and 4.88% positions in Vicor, respectively.