Shares of Vicor Corporation (VICR) are skyrocketing in pre-market trading on Wednesday, surging 33.88% following the company's impressive third-quarter 2025 financial results and a series of analyst upgrades. The power components manufacturer significantly outperformed market expectations, showcasing robust growth across key financial metrics.

Vicor reported earnings per share (EPS) of $0.63 for the quarter ended September 30, 2025, more than doubling from $0.26 in the same period last year and substantially beating the analyst consensus estimate of $0.17. The company's revenue climbed 18.5% year-over-year to $110.42 million, comfortably surpassing the expected $95.40 million. Notably, Vicor's net income for the quarter reached $28.29 million, marking a significant increase from the previous year.

The stellar financial performance has prompted several analyst upgrades. Needham raised its rating on Vicor from Hold to Buy, while Craig-Hallum upgraded the stock to Buy from Hold, increasing its price target to $90 from $55. CEO Dr. Patrizio Vinciarelli highlighted the company's success in licensing revenue, which reached a record rate in Q3. He expressed optimism about Vicor's IP licensing practice, particularly in high-density power systems for high-performance computing. The combination of strong financial results, improving operational efficiency, and positive analyst sentiment appears to be driving the significant pre-market stock price increase.