Reminder that $VICR reports tomorrow before the open.
A recap of what has happened since our deep dive published in September:
-Three patent suits filed in Texas
-A third ITC case filed, then formally instituted against nine corporate families, pleaded as one supply chain powering Google's TPUs
-Sites acquired for additional fabs
-First vertical power licensing agreement signed
-Guidance raised twice in nine days, from 10% sequential growth to over 30%, on the royalties from that license
-A royalty price list published on Vicor's own website
-Needham to $350, Roth to $375
The Street expects $1.32 in EPS on $187 million in revenue.
The report decides what the royalty structure actually looks like, and our Part Three publishes after it.