Vicor: royalty stages, rationale and modeling limits

As of October 20, 2026. These are Vicor’s published multipliers, not estimates of dollar royalties.Rationale: The schedule rewards early licensing and raises the cost of waiting as enforcement advances toward a potential import ban. It describes Vicor’s commercial pricing policy, not court-awarded royalty rates. Vicor policy and October 8 chart.Stage-2 implication: The first VPD license was signed at the post-filing tier: 40% above baseline. The VPD complaint was filed September 9, 2026; the ITC instituted its investigation October 9 without deciding the merits. Q3 release, ITC notice.Modeling limit: The baseline dollar rate and detailed VPD contract terms are undisclosed. Stage-2 pricing does not establish recurring revenue: Q3’s $66.6 million royalty total was not split between ongoing royalties and catch-up or other contract-related recognition in the earnings release.