Ichor Holdings, Ltd. specializes in the conception, development, and production of fluid delivery subsystems and their constituent components, tailored for capital equipment ...
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Est. EPS $0.45 · Revenue $330.11M · 5 analysts
Est. EPS $1.57 · Revenue $1.24B · 5 analysts
Est. EPS $0.70 · Revenue $389.00M · 1 analysts
Est. EPS $0.80 · Revenue $408.95M · 1 analysts
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $947.7M | +11.6% | +15.1% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $-52.8M | -153.5% | +140.4% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +9.3% | -23.9% | +19.5% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | -4.1% | -360.5% | +127.4% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | -5.6% | -127.1% | +135.1% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $-6.3M | -161.3% | -136.9% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | -0.7% | -155.0% | -105.7% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | 24.1% | -3.3% | -25.0% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 3.16x | -5.1% | +31.2% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $942.9M | -5.3% | +22.2% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | -1.54 vs 0.17 | -1004.1% | 0.03 vs 0.45 | -93.3% |
| Revenue Surprise | $947.7M vs $944.9M | +0.3% | $294.8M vs $330.1M | -10.7% |
| Date | Executive | Title | Security | Side | Shares | Price |
|---|---|---|---|---|---|---|
| Sep 1, 2026 | Swyt Greg | officer: Chief Financial Officer | Ordinary Shares, par value $0.0001 | D | 1,081 | $51.76 |
| Sep 1, 2026 | RAGSDALE BRUCE | officer: Chief Operating Officer | Ordinary Shares, par value $0.0001 | D | 6,456 | $51.74 |
| Sep 1, 2026 | RAGSDALE BRUCE | officer: Chief Operating Officer | Ordinary Shares, par value $0.0001 | D | 3,931 | $52.19 |
| Sep 1, 2026 | RAGSDALE BRUCE | officer: Chief Operating Officer | Ordinary Shares, par value $0.0001 | D | 200 | $53.05 |
| Aug 19, 2026 | BARROS PHILIP RYAN SR. | director, officer: Chief Executive Officer | Ordinary Shares, par value $0.0001 | D | 814 | $61.39 |
Operator: Good day, ladies and gentlemen, and welcome to Ichor's Second Quarter 2026 Earnings Conference Call. [Operator Instructions] As a reminder, this call is being recorded. I would now like to introduce your host for today's conference, Claire McAdams, Investor Relations for Ichor. Please go ahead. Claire McAdams: Thank you, operator. Good afternoon, and thank you for joining today's second quarter 2026 conference call. As you read our earnings press release, and as you listen to this conference call, please recognize that both contain forward-looking statements within the meaning of the federal securities laws. These forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond our control and which could cause actual results to differ materially from such statements. These risks and uncertainties include those spelled out in our earnings press release, those described in our annual report on Form 10-K for fiscal year 2025 and those described in subsequent filings with the SEC. You should consider all forward-looking statements in light of those and other risks and uncertainties. Additionally, we will be providing certain non-GAAP financial measures during this conference call. Our earnings press release and the financial supplement posted to our IR website each provide a reconciliation of these non-GAAP financial measures to their most comparable GAAP financial measures. On the call with me today are Phil Barros, our CEO; and Greg Swyt, our CFO. Phil will begin with an update on our business, and then Greg will provide additional details about our results and guidance. After the prepared remarks, we will open the line for questions. I'll now turn over the call to Phil Barros. Phil? Philip Barros: Thank you, Claire, and welcome, everyone, to our Q2 earnings call. Three quarters ago, we laid out our strategy to strengthen Ichor's operating model, expand margins and position the company to outperform in the next semiconductor growth cycle. Our results today demonstrate that we are delivering against that plan. Revenue of $295 million increased 15% sequentially and with gross margins up 130 basis points, we more than doubled the EPS compared to Q1. The additional revenue growth we had guided for Q2 was instead recognized 1 week later due to isolated part shortages that we have since resolved. And we are now driving significantly more growth in the second half compared to our expectations a quarter ago. Gross margin of 14.1% exceeded the high end of guidance with improved product mix as we continue to grow our component revenues in non-semi business as well as improved product margins as we execute our strategic footprint realignment during this historic ramp. The gross margin upside in the quarter translated to $0.34 in earnings at the upper end of our guidance range and our highest quarterly earnings in 3 years, demonstrating that the strategic actions that we are taking are translating into …
| Name | Title | Compensation | Gender | Year Born | Status |
|---|---|---|---|---|---|
Philip Barros | Chief Executive Officer & Director | USD 620,848 | Male | 1980 | Active |
Bruce Ragsdale | Chief Operating Officer | USD 612,338 | Male | 1972 | Active |
Gregory F. Swyt | Chief Financial Officer | USD 587,566 | Male | 1961 | Active |
David Lee | Senior Vice President of Sales & Marketing | — | Male | — | Active |
Diana Finucane | Chief HR Officer | — | Female | — | Active |
Ichor (NASDAQ: ICHR) reported second-quarter revenue of $294.8 million, up 15% sequentially, as demand strengthened across semiconductor equipment markets and the company continued efforts to expand internal manufacturing and improve margins. The company said isolated part shortages late in the quarter delayed recognition of some revenue until shortly after the June 26 quarter-end. Ichor said it
Ichor's Q2 earnings beat estimates as margin gains offset a revenue miss, while strong demand fuels upbeat 2026 growth and Q3 guidance.
Ichor expects a steeper second-half revenue ramp, quarterly margin gains and stronger 2027 growth as supply issues ease and internal content rises.
U.S. stock futures were higher this morning, with the Nasdaq 100 futures gaining around 150 points on Tuesday.
Ichor Holdings (ICHR) came out with quarterly earnings of $0.34 per share, beating the Zacks Consensus Estimate of $0.31 per share. This compares to earnings of $0.03 per share a year ago.
