Vicor Corporation's stock soared 5.08% during intraday trading on Thursday, following the release of its impressive first-quarter fiscal 2026 financial results.

The power module manufacturer reported net income of $20.66 million, a staggering 714% increase year-over-year, with revenue climbing 20.2% to $112.97 million. The company's gross margin expanded by 8 percentage points to 55.2%, driven by higher volume, an improved product mix including royalty revenue, and production efficiencies.

Investors responded positively to the strong outlook, with Vicor's backlog surging to approximately $300.62 million, up significantly from $176.94 million at the end of the previous quarter, indicating robust future demand for its products.