Power systems specialist Vicor reported first-quarter revenue and net income that significantly exceeded analyst expectations. The company saw a massive jump in its backlog, driven by diversified demand in high-performance computing and defense.
- Q1 revenue reached nearly $113 million, beating $109 million estimate
- GAAP net income rose over 8x to nearly $21 million
- Earnings per share of $0.44 exceeded the $0.37 consensus
- Order backlog grew 75% year-over-year to $301 million
- Growth attributed to high-performance compute, aerospace, and defense
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