Needham analyst Charles Shi has maintained their neutral stance on ICHR stock, giving a Hold rating on July 23.
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Charles Shi has given his Hold rating due to a combination of factors impacting Ichor Holdings. The company reported mixed results for the second quarter of 2025, with revenue surpassing expectations by approximately $5 million, attributed to order pull-ins. However, the non-GAAP earnings per share fell short of consensus due to gross margin challenges related to ramping up in-house components.
Looking ahead, management’s guidance for the third quarter of 2025 aligns with market expectations for revenue, but anticipates continued pressure on non-GAAP earnings per share as ramp challenges persist. Additionally, the company has slightly lowered its outlook for the second half of 2025, expecting a low single-digit percentage decline in revenue compared to the first half, although it still foresees sequential gross margin improvement in the fourth quarter. Given these ongoing headwinds, Charles Shi remains cautious and opts to maintain a Hold rating, suggesting a wait-and-see approach.
In another report released on July 23, TR | OpenAI – 4o also reiterated a Hold rating on the stock with a $22.50 price target.