Ichor Holdings (ICHR)
NASDAQ:ICHR
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Earnings Data
Report Date
Aug 11, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.31Last Year’s EPS
0.03Same Quarter Last Year
Strong Buy
Based on 6 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call portrayed a company executing a rapid revenue ramp with improving margins and clear strategic progress (notably successful Mexico qualifications and planned Malaysia ramp). Management raised near-term guidance materially and outlined a credible path to recurring gross margin expansion (~100 bps/quarter) and higher operating leverage. Offsetting risks include near-term cash use for inventory, existing leverage (debt), supply-chain and labor pacing constraints, and specific end-market softness (silicon carbide and some European/lithography demand). Overall, the positives around accelerating revenue, triple operating income vs. Q4, stronger guidance, and execution on footprint realignment meaningfully outweigh the manageable operational and market risks.Company Guidance
Strong Q1 Revenue and Sequential Growth
Q1 revenues of $256.1 million, up 15% sequentially versus Q4, came in at the upper end of guidance and reflect accelerating demand momentum and execution.
Improving Profitability and Operating Leverage
Gross margin expanded to 12.8% in Q1 (up 110 basis points sequentially and 30 basis points above midpoint of guidance). Operating income more than tripled vs. Q4 to $8.7 million (3.4% of revenue). EBITDA was nearly $14 million and GAAP/non-GAAP EPS was $0.15 based on 35.3 million diluted shares.
Confident and Upside Q2 Guidance
Management guided Q2 revenues of roughly $290–$310 million (company phrased as approximately $300M ± $10M). The midpoint implies ~17% sequential growth and ~25% year-over-year increase in revenue volumes. Q2 gross margin guidance is 13%–14%.
Clear Multi-Quarter Margin Expansion Plan
Company expects roughly 100 basis points of gross margin expansion per quarter through 2026, targeting near-term gross margins of at least 15% and stating gross profit dollars should grow about twice the rate of revenues in the second half as transitions complete.
Strategic Footprint Realignment Progress
Half of planned plant equipment moves have been installed and qualified ahead of schedule. Full manufacturing of a substrate product line is now performed within Mexico, and valve product line achieved full customer qualification in Mexico, expanding internal capacity and reducing reliance on external suppliers.
Capacity and Scalability Positioning
Management reports substantial brick-and-mortar capacity and headroom for growth (building/clean-room readiness), with the primary near-term pacing constraints being supply chain and labor headcount rather than facility space. Malaysia ramp will drive higher machining revenues and richer product mix.
ICHR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
ICHR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 04, 2026 | $69.72 | $67.77 | -2.80% |
Feb 09, 2026 | $34.11 | $45.27 | +32.72% |
Nov 03, 2025 | $22.92 | $15.72 | -31.39% |
Aug 04, 2025 | $20.14 | $14.06 | -30.19% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Ichor Holdings (ICHR) report earnings?
Ichor Holdings (ICHR) is schdueled to report earning on Aug 11, 2026, After Close (Confirmed).
What is Ichor Holdings (ICHR) earnings time?
Ichor Holdings (ICHR) earnings time is at Aug 11, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ICHR EPS forecast?
ICHR EPS forecast for the fiscal quarter 2026 (Q2) is 0.31.