Ichor's Q2 2025 earnings call highlighted significant achievements in revenue growth and product milestones, but these were tempered by challenges in gross margin performance, hiring issues, and potential revenue stagnation due to external market factors. While the company is making strategic progress, operational hurdles and external challenges pose risks to maintaining strong financial performance.

Company Guidance -

Q3 2025

During the second quarter of 2025 earnings call, Ichor provided key guidance metrics, highlighting a revenue achievement of $240 million, which was at the upper end of expectations, primarily driven by lower-margin gas panel integration business. However, the gross margin was reported at 12.5%, at the lower end of expectations, due to hiring challenges that limited output of machine components. Looking ahead to the third quarter, Ichor anticipates revenues in the range of $225 million to $245 million with gross margins between 12.5% and 13.5%. Operating expenses are expected to remain flat at approximately $23.7 million, while the net interest expense is projected to be around $1.6 million. The company expects a tax expense of approximately $900,000 per quarter, reflecting a full year tax estimate of $5.6 million. The earnings per share (EPS) guidance for Q3 is projected to be between $0.06 and $0.18, based on a share count of 34.4 million shares.

Strong Revenue Growth

Second quarter revenues of $240 million were at the upper end of expectations, reflecting a modest acceleration of customer demand and a 20% year-over-year increase in revenue for the first half of the year.

Major Product Milestones

Achieved a major milestone with the successful qualification of the flow control product at a key end user, marking the first end-user qualification for this product line. Additionally, secured a third customer qualification for the valve product line and began shipping valves in production volumes.

Revenue Growth Outperformance

Year-to-date revenue growth outperformed overall wafer fab equipment (WFE) growth for 2025, with first half revenues up 20% year-over-year.

Ichor Holdings (ICHR) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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ICHR Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 10, 2025	2025 (Q3)	0.12 / -	0.12	―	―	―
Aug 04, 2025	2025 (Q2)	0.14 / 0.03	0.05	-40.00% (-0.02)	―
May 05, 2025	2025 (Q1)	0.26 / 0.12	-0.09	233.33% (+0.21)	―
Feb 04, 2025	2024 (Q4)	0.09 / 0.08	-0.06	233.33% (+0.14)	―
Nov 04, 2024	2024 (Q3)	0.11 / 0.12	0.07	71.43% (+0.05)	―
Aug 06, 2024	2024 (Q2)	0.03 / 0.05	0.02	150.00% (+0.03)	―
May 07, 2024	2024 (Q1)	<0.01 / -0.09	0.38	-123.68% (-0.47)	―
Feb 06, 2024	2023 (Q4)	0.07 / -0.06	0.72	-108.33% (-0.78)	―
Nov 06, 2023	2023 (Q3)	0.08 / 0.07	1.22	-94.26% (-1.15)	―
Aug 08, 2023	2023 (Q2)	<0.01 / 0.02	0.98	-97.96% (-0.96)	―

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
Aug 04, 2025	$20.14	$14.06	-30.19%
May 05, 2025	$20.84	$16.00	-23.22%
Feb 04, 2025	$28.21	$32.28	+14.43%
Nov 04, 2024	$27.14	$31.50	+16.06%

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 Nov 10, 2025, After Close (Confirmed).

What is Ichor Holdings (ICHR) earnings time?

Ichor Holdings (ICHR) earnings time is at Nov 10, 2025, 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 2025 (Q3) is 0.12.

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