Vicor Q3 revenue $197.1M, EPS $1.33, beats estimates; capacity to expand 5x

Vicor beat Q3 estimates on revenue and EPS. Revenue rose 78.5% YoY to $197.1M, EPS up 111% to $1.33. Gross margin expanded 1,080 bps to 68.3%. The company plans a nearly 5x capacity increase via two new sites. A first VPD license was granted to an AI OEM. The ITC investigation into VPD infringement is driving license inquiries. Backlog more than doubled to $406M.