Vicor Corporation (VICR) stock is poised for a significant pre-market surge of 41.55% on Wednesday, following the release of its impressive second-quarter financial results. The power module manufacturer reported earnings that far exceeded analyst expectations, driven by robust revenue growth and a substantial patent litigation settlement.

For the second quarter, Vicor reported earnings per share of $0.91, dramatically surpassing the consensus estimate of $0.18. Revenue reached $141 million, marking a 64.3% increase year-over-year and well above the analyst expectations of $96.43 million. The company's performance was bolstered by a $45 million patent litigation settlement. Additionally, Vicor saw a significant improvement in its gross margin, which rose to 65.3% from 49.8% in the same period last year, reflecting enhanced profitability and operational efficiency.

Looking ahead, Vicor's CEO, Dr. Patrizio Vinciarelli, expressed optimism about the company's future, particularly in the AI sector. The company is developing high-performance ChiPs and second-generation VPD for AI applications, which are expected to increase product revenues and utilization of Vicor's first ChiP fab. This forward-looking statement, combined with the strong quarterly performance and strategic positioning in the growing AI market, has fueled investor enthusiasm and contributed to the significant stock price surge.