Ichor Holdings reports Q1 adjusted EPS 12c, consensus 26c

Reports Q1 revenue $244.5M, consensus $244.95M. “The overall spending environment for semiconductor wafer fab equipment continues to be quite healthy as we enter 2025, with demand signals remaining relatively consistent across our primary served markets,” commented Jeff Andreson, Ichor’s CEO. “That said, the policy uncertainty playing out in Washington is beginning to challenge the clarity of demand visibility through the year, leading us to take a more conservative view for the second quarter. As we step back and view the year as a whole, at this time we anticipate revenue volumes will be reasonably balanced between the first half and second half – indicating Ichor’s revenue growth profile continues to exceed expectations for overall industry growth in 2025. Within that revenue profile, we expect to drive meaningful gross margin improvement as we progress through 2025, as we mature the processes integrating our internal component supply into our high-volume gas panel manufacturing operations.”