Vicor Corporation (NASDAQ: VICR) shares surged 9% on Tuesday following the release of its impressive third-quarter 2025 financial results. The power components maker reported earnings that significantly exceeded analyst expectations, driven by strong revenue growth and record licensing income.

For the quarter ended September 30, 2025, Vicor reported earnings per share of $0.63, a substantial increase from $0.26 in the same period last year and far surpassing the analyst consensus estimate of $0.14. The company's revenue rose 18.5% year-over-year to $110.42 million, outperforming the expected $95.40 million. Notably, Vicor's net income for the quarter reached $28.29 million, more than doubling from the previous year.

Chief Executive Officer Dr. Patrizio Vinciarelli highlighted the company's record licensing revenue rate in Q3, following a patent litigation settlement in the previous quarter. He expressed optimism about Vicor's future growth prospects, stating, "As high density power systems pioneered by Vicor, including NBMs and VPD, are on the critical path of high performance computing, I expect Vicor's IP licensing practice to grow substantially." Dr. Vinciarelli also noted the company's improving operational efficiency, with the first ChiP foundry achieving 98% test yields for mass-produced modules, which is expected to enhance margins as foundry capacity utilization increases. The strong financial results, coupled with the positive outlook for IP licensing growth, appear to be driving investor enthusiasm and the significant stock price increase.