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Inferra AI / Company / ICHR

Ichor Holdings, Ltd..

ICHR · Information Technology

Last earnings Aug 3, 2026

Key results

Gross marginquarter

11.3%

Gross margin of 11.3% on a GAAP basis and 12.5% on a non GAAP basis and Earnings (loss) per share of $(0.28) on a GAAP basis and $0.03 on a non-GAAP basis.

SEC original ↗Ichor Holdings, Ltd.. — Earnings release (8-K exhibit)EX-99Aug 4, 2025

EPSquarter

$0.03

Gross margin of 11.3% on a GAAP basis and 12.5% on a non GAAP basis and Earnings (loss) per share of $(0.28) on a GAAP basis and $0.03 on a non-GAAP basis.

SEC original ↗Ichor Holdings, Ltd.. — Earnings release (8-K exhibit)EX-99Aug 4, 2025

Revenuequarter

$240.3 million

GAAP Financial Results Overview For the second quarter of 2025, revenue was $240.3 million, net loss was $(9.4) million, and net loss per diluted share ( diluted EPS ) was $(0.28).

SEC original ↗Ichor Holdings, Ltd.. — Earnings release (8-K exhibit)EX-99Aug 4, 2025

This compares to revenue of $244.5 million and $203.2 million, net loss of $(4.6) million and $(5.1) million, and diluted EPS of $(0.13) and $(0.15), for the first quarter of 2025 and second quarter of 2024, respectively.

SEC original ↗Ichor Holdings, Ltd.. — Earnings release (8-K exhibit)EX-99Aug 4, 2025

Net incomequarter

$1.1 million

Non-GAAP Financial Results Overview For the second quarter of 2025, non-GAAP net income was $1.1 million and non-GAAP diluted EPS was $0.03.

SEC original ↗Ichor Holdings, Ltd.. — Earnings release (8-K exhibit)EX-99Aug 4, 2025

This compares to non-GAAP net income of $4.2 million and $1.8 million, and non-GAAP diluted EPS of $0.12 and $0.05, for the first quarter of 2025 and second quarter of 2024, respectively.

SEC original ↗Ichor Holdings, Ltd.. — Earnings release (8-K exhibit)EX-99Aug 4, 2025

GAAP gross marginquarter

11.3 %

GAAP gross margin 11.3 % 11.7 % 12.6 % 11.5 % 12.0 % Non-GAAP gross margin 12.5 % 12.4 % 13.0 % 12.4 % 12.6 % (1) Represents costs associated with the exit from our Scotland operations.

SEC original ↗Ichor Holdings, Ltd.. — Earnings release (8-K exhibit)EX-99Aug 4, 2025

Non-GAAP gross marginquarter

12.5 %

GAAP gross margin 11.3 % 11.7 % 12.6 % 11.5 % 12.0 % Non-GAAP gross margin 12.5 % 12.4 % 13.0 % 12.4 % 12.6 % (1) Represents costs associated with the exit from our Scotland operations.

SEC original ↗Ichor Holdings, Ltd.. — Earnings release (8-K exhibit)EX-99Aug 4, 2025

Non-GAAP operating marginquarter

2.6 %

GAAP operating margin (2.0) % (0.5) % (1.1) % (1.2) % (1.5) % Non-GAAP operating margin 2.6 % 2.7 % 2.2 % 2.6 % 1.7 % (1) Represents transaction-related costs incurred in connection with our acquisitions pipeline.

SEC original ↗Ichor Holdings, Ltd.. — Earnings release (8-K exhibit)EX-99Aug 4, 2025

AI analysis

Q2 2025 · reported Aug 4, 2025

Based on: Earnings release + parent 8-K + 10-Q — transcript not held

Revenue · Q2 2025
$240.3M
EX-99 · Aug 4, 2025
EPS · Q2 2025
$0.03
EX-99 · Aug 4, 2025
Gross margin · Q2 2025
11.3%
EX-99 · Aug 4, 2025
Net income · Q2 2025
$1.1M
EX-99 · Aug 4, 2025

The quarter in charts

Guidance ladder — revenue

Delivered vs the company's guided range

EX-99 · Aug 4, 2025 Guide as stated by the company; range and midpoint computed from the stated figure.

Headline figures

MetricQ2 2025Prior qtrYear ago
Gross margin11.3%——
EPS$0.03——
Revenue$240.3 million——
Net income$1.1 million——
GAAP gross margin11.3 %——
Non-GAAP gross margin12.5 %——
Non-GAAP operating margin2.6 %——

EX-99 · Aug 4, 2025

Guidance · company-stated

Revenue$225 million
GAAP diluted EPS

“$(0.12) $(0.06) $0.00”

Non-GAAP diluted EPS

“$0.06 $0.12”

capital expenditures

“of $7.3 million”

net loss

“of $9.4 million”

Midpoint vs latest-quarter revenue-6.4%computed from stated figures

Guidance stated in the release's Business Outlook table for the third quarter of 2025; no direction stated — figures as stated in the table.

Next earningsNo verified date on fileNo date is estimated or imported

Margin

Gross margin11.3%
GAAP gross margin11.3 %
Non-GAAP gross margin12.5 %
Non-GAAP operating margin2.6 %

Capital allocation

Capex$7.3M

The decrease of $17.1 million in the second quarter of 2025 was primarily due to net cash used in operating activities of $7.5 million, capital expenditures of $7.3 million, net payments on our credit facilities of $1.9 million, and net cash payments related to share-based compensation of $0.4 million.

What changed vs last quarter

  • Guide midpoint vs latest-quarter revenue -6.4% computed from stated figures
General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

Announces Second Quarter 2025 Financial Results

Based on: Earnings release + parent 8-K + 10-Q — transcript not held

Guidance & outlook

Revenue: “Revenue $225 million $235 million”

GAAP diluted EPS: “GAAP diluted EPS $(0.12) $(0.06) $0.00”

Non-GAAP diluted EPS: “Non-GAAP diluted EPS $0.06 $0.12”

capital expenditures: “capital expenditures of $7.3 million”

net loss: “net loss of $9.4 million”

Revenue (“the third quarter of 2025”)
“Revenue $225 million $235 million”

GAAP diluted EPS (“the third quarter of 2025”)
“GAAP diluted EPS $(0.12) $(0.06) $0.00”

Non-GAAP diluted EPS (“the third quarter of 2025”)
“Non-GAAP diluted EPS $0.06 $0.12”

capital expenditures (“the third quarter of 2025”)
“capital expenditures of $7.3 million”

net loss (“the third quarter of 2025”)
“net loss of $9.4 million”

Guidance stated in the release's Business Outlook table for the third quarter of 2025; no direction stated — figures as stated in the table.

Capital allocation

The decrease of $17.1 million in the second quarter of 2025 was primarily due to net cash used in operating activities of $7.5 million, capital expenditures of $7.3 million, net payments on our credit facilities of $1.9 million, and net cash payments related to share-based compensation of $0.4 million.

SEC original ↗Ichor Holdings, Ltd.. — Earnings release (8-K exhibit)EX-99Aug 4, 2025

The decrease of $16.4 million during the six months ended June 27, 2025 was primarily due to capital expenditures of $25.8 million and net payments on our credit facilities of $3.8 million, partially offset by cash provided by operating activities of $11.5 million and net cash reciepts related to share-based compensation of $1.6 million.

SEC original ↗Ichor Holdings, Ltd.. — Earnings release (8-K exhibit)EX-99Aug 4, 2025

Free cash flow is defined as cash provided by or used in operating activities, less capital expenditures.

SEC original ↗Ichor Holdings, Ltd.. — Earnings release (8-K exhibit)EX-99Aug 4, 2025

Fair Value of Financial Instruments The carrying values of our financial instruments, including cash and cash equivalents, accounts receivable, prepaid expenses and other current assets, accounts payable, accrued liabilities, and long-term debt, net of unamortized debt issuance costs, approximate fair value.

SEC original ↗Ichor Holdings, Ltd.. — 10-Q Quarterly report10-QAug 4, 2026

As such, we use our incremental borrowing rate based on the information available at the commencement date in determining the present value of lease payments.

SEC original ↗Ichor Holdings, Ltd.. — 10-Q Quarterly report10-QAug 4, 2026

10 Note 8 Long-Term Debt Long term debt consists of the following: June 26, 2026 December 26, 2025 Term loan $ 121,875 $ 125,000 Revolving credit facility Total principal amount of long-term debt 121,875 125,000 Less unamortized debt issuance costs ( 1,317 ) ( 1,472 ) Total long-term debt, net 120,558 123,528 Less current portion ( 6,250 ) ( 6,250 ) Total long-term debt, less current portion, net $ 114,308 $ 117,278 On September 26, 2025, we entered into an amended and restated credit agreement, which includes a group of financial institutions as direct lenders under the agreement (the "credit agreement").

SEC original ↗Ichor Holdings, Ltd.. — 10-Q Quarterly report10-QAug 4, 2026

Strategy & priorities

Within a relatively steady customer demand environment year-to-date, we continue to make progress driving the expansion of our proprietary product portfolio, commented Jeff Andreson, Ichor s CEO.

SEC original ↗Ichor Holdings, Ltd.. — Earnings release (8-K exhibit)EX-99Aug 4, 2025

As we move into the second half of the year, we remain focused on increasing our manufacturing capacity and aligning production to meet our targeted product margins.

SEC original ↗Ichor Holdings, Ltd.. — Earnings release (8-K exhibit)EX-99Aug 4, 2025

Contact Greg Swyt, CFO 510-897-5200 Claire McAdams, IR Strategic Initiatives 530-265-9899 ir ichorsystems.

SEC original ↗Ichor Holdings, Ltd.. — Earnings release (8-K exhibit)EX-99Aug 4, 2025

The Plan includes activities and plans to align our geographic footprint with our long-term strategic plan.

SEC original ↗Ichor Holdings, Ltd.. — 10-Q Quarterly report10-QAug 4, 2026

These statements also relate to our future prospects, developments and business strategies.

SEC original ↗Ichor Holdings, Ltd.. — 10-Q Quarterly report10-QAug 4, 2026

Risks & headwinds

Such forward-looking statements are based on management s current expectations about future events as of the date hereof and involve many risks and uncertainties that could cause our actual results to differ materially from those expressed or implied in our forward-looking statements.

SEC original ↗Ichor Holdings, Ltd.. — Earnings release (8-K exhibit)EX-99Aug 4, 2025

Additional information concerning these and other factors can be found in our filings with the Securities and Exchange Commission (the SEC ), including other risks, relevant factors, and uncertainties identified in the Risk Factors section of our Annual Report on Form 10 K for the year ended December 27, 2024 and any other periodic reports that we may file with the SEC.

SEC original ↗Ichor Holdings, Ltd.. — Earnings release (8-K exhibit)EX-99Aug 4, 2025

LEGAL PROCEEDINGS 27 ITEM 1A.

SEC original ↗Ichor Holdings, Ltd.. — 10-Q Quarterly report10-QAug 4, 2026

All forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those that we expected.

SEC original ↗Ichor Holdings, Ltd.. — 10-Q Quarterly report10-QAug 4, 2026

You should evaluate all forward-looking statements made in this report in the context of these risks and uncertainties.

SEC original ↗Ichor Holdings, Ltd.. — 10-Q Quarterly report10-QAug 4, 2026

While we continue to benefit from the broader growth in the semiconductor equipment industry, our operations and financial results remain subject to significant risks and uncertainties within the global trade and regulatory landscape.

SEC original ↗Ichor Holdings, Ltd.. — 10-Q Quarterly report10-QAug 4, 2026

Competitors

Competitors & peers

Same GICS sector — classification peers, not declared competitors

Microsoft (MSFT) Information TechnologyTeradyne (TER) Information TechnologyASML Holding (ASML) Information TechnologyMicron Technology (MU) Information TechnologySeagate Technology (STX) Information TechnologyUnited Microelectronics (UMC) Information TechnologyMonolithic Power Systems (MPWR) Information TechnologyCoherent Corp. (COHR) Information Technology
Documents

Filings

31 documents

Earnings releases

11 documents

Presentations

0 documents

No presentations for Ichor Holdings, Ltd.. are held in this edition of the library.

Transcripts

0 documents

No transcripts for Ichor Holdings, Ltd.. are held in this edition of the library.

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