Vicor (VICR -2.19%) stock closed out this week's trading stretch with big gains. The tech company's share price ended Friday's session up 25.4% compared to its level at the end of the previous week's trading.
Tech stocks enjoyed a bullish backdrop over the last week, with the S&P 500 climbing 0.5% and the Nasdaq Composite rising 1.5%. With the market's appetite for tech stocks already rising, the stage was set for Vicor's better-than-expected Q1 results to power huge gains for the stock.
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Vicor crushed Wall Street's Q1 forecast
Vicor recorded earnings per share of $0.44 on sales of $113 million in the first quarter. Earnings per share beat the average analyst estimate by $0.11, and sales came in $3.65 million higher than anticipated. The power-components specialist's revenue surged roughly 20% higher year over year, and the company reported an order backlog of $301 million at the end of the quarter -- up 75% year over year.
VICR Vicor
NASDAQ · As of 4:00 PM ET 10/23/26
What's next for Vicor?
In addition to posting strong sales and earnings beats in the first quarter, Vicor returned to providing definitive forward guidance. The company said that it anticipates second-quarter revenue to come in at nearly $126 million. Meanwhile, sales for the full-year period are projected to come in at nearly $570 million. For reference, the business recorded sales of $452.7 million last year. Vicor's return to providing detailed forward guidance even amid geopolitical instability is a positive development for shareholders, and investors poured back into the stock this week.
