Vicor shares jump 7.4% after strong third-quarter results

Vicor shares climbed 7.4% by 2:58 p.m. ET. The move followed the company's release of third-quarter 2026 financial results before the opening bell. The gain outpaced the 0.3% rise in the S&P 500 during the same session.

Revenue hit $197.1 million. That beat analyst expectations of $187 million. The figure marked a 37.5% quarter-over-quarter increase and a 78.5% jump from the same period last year. On the bottom line, net income reached $63.3 million, or $1.33 per diluted share. A year earlier, net income stood at $28.3 million, or $0.63 per diluted share. Analysts had projected diluted earnings per share of $1.24 for the current quarter.

The backlog tells a similar story. It totaled $406 million at the end of September 2026. That is a 166% increase from the $153 million recorded at the end of September 2025. Vicor licenses its power system technologies to hyper-scalers, giving it specific data center exposure in the artificial intelligence sector.

Despite waning hype around AI investments, the stock is up about 87% since the start of the year. Shares now trade at 75.8 times operating cash flow. This is a premium to the five-year average cash flow multiple of 36.6. The Motley Fool, which published the report, advised investors to wait for a pullback before buying.