ICHR
Ichor Holdings, Ltd.17.56
-0.17-0.96%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Q&A details H1 headwinds, demand ramp
Q&A unpacked strengthening weekly demand since January, boosting Q1 midpoint $10 million and positioning Ichor to match or beat 15-20% WFE growth. Transient H1 gross margin headwinds from machining relocations to Mexico and Malaysia are baked in, but management reaffirmed 15% H2 target at $250 million-plus revenue via components mix and volume leverage. Deposition fuels Q1 upside, EUV stays flat until late-year inventory digest, while all segments signal a super-cycle. Customer inventories are burning off. Relocations won't crimp execution. Bullish on 2026 ramp; watch H2 earnings power.
Key Stats
Market Cap
603.79MP/E (TTM)
-Basic EPS (TTM)
-1.20Dividend Yield
0%Recent Filings
10-K
FY2025 results
No financial statements, quarterly results, or performance metrics disclosed in the 10-K filing. The document details Ichor Holdings' 2025 Omnibus Incentive Plan, effective April 3, 2025, superseding the 2016 plan with 1,000,000 shares available plus prior plan rollover, and caps non-employee director compensation at $750,000 annually. Fiscal year ended December 26, 2025. It outlines awards like stock options, restricted stock, and performance goals tied to committee discretion. One exec shifted to Strategic Advisor role at $120K salary through February 2026. Supply chain volatility looms as a key risk.
8-K
Q4 revenue hits guidance
Ichor reported Q4 2025 revenue of $223.6M, hitting guidance mid-point, with GAAP gross margin at 9.4% but non-GAAP at 11.7%. Fiscal 2025 revenue rose 11.6% to $947.7M, yet GAAP net loss widened to $(52.8)M from restructuring and shutdown costs. Q1 2026 outlook signals $250M revenue mid-point. Momentum builds.
8-K
Preliminary Q4 beat, Q1 $240M+
8-K
CEO transition to CTO Barros
Ichor Holdings' CEO Jeffrey Andreson resigned effective November 3, 2025, with no disagreements noted; CTO Philip Barros, 45, steps in as CEO and board member that day. Barros gets $700,000 base, 100% target bonus, and $3.5 million in RSUs. Smooth internal transition. Yet management shifts risk disruptions.
10-Q
Q3 FY2025 results
Ichor's Q3 revenue jumped 13.3% y/y to $239.3M, driven by stronger semiconductor capital equipment demand, yet gross margin cratered to 4.6% from 13.2% on $16.7M inventory impairment tied to the Consolidation Restructuring Plan. Operating loss widened to $19.4M from $0.4M, with net loss at $22.9M or $(0.67) diluted EPS on 34.3M shares—consistent, no anti-dilution. Cash fell to $92.5M after $32.9M capex, but operating cash flow held at $20.7M YTD for $(12.2M) FCF (derived); debt stands at $125M term loan (6.41% SOFR+margin) with $100M revolver available, covenants met. Restructuring eyes North America footprint alignment by end-2026. Cyclical downturns loom large.
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