Ichor Holdings ( (ICHR) ) has released its Q2 earnings. Here is a breakdown of the information Ichor Holdings presented to its investors.
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Ichor Holdings, Ltd., headquartered in Fremont, California, is a prominent player in the semiconductor industry, specializing in the design, engineering, and manufacturing of critical fluid delivery subsystems and components for semiconductor capital equipment, as well as serving other industries such as defense, aerospace, and medical sectors.
In its second quarter of 2025 financial results, Ichor Holdings reported revenue of $240.3 million, which exceeded the mid-point of its guidance range. The company also highlighted a gross margin of 11.3% on a GAAP basis and 12.5% on a non-GAAP basis, with a GAAP earnings loss per share of $(0.28) and a non-GAAP earnings per share of $0.03.
Key financial metrics for the quarter included a net loss of $9.4 million on a GAAP basis, compared to a net income of $1.1 million on a non-GAAP basis. The company noted a decrease in cash and cash equivalents to $92.2 million, primarily due to capital expenditures and net cash used in operating activities. Despite a challenging operating margin of (2.0)% on a GAAP basis, the non-GAAP operating margin stood at 2.6%.
Looking ahead, Ichor Holdings remains optimistic about its revenue growth prospects for 2025, expecting to outperform the wafer fab equipment industry’s growth. The company plans to focus on increasing its manufacturing capacity and aligning production to meet targeted product margins as it moves into the second half of the year.