Ichor Q1 2020 Earnings Report
Key Takeaways
Ichor Holdings reported a strong first quarter in 2020, with revenues of $220 million, a 60% increase year-over-year. The company's GAAP EPS was $0.15, and non-GAAP EPS was $0.52. Despite challenges posed by the COVID-19 pandemic, Ichor achieved its third-strongest revenue quarter in history.
Revenues reached $220 million, showing a 16% sequential increase and a 60% year-over-year growth.
GAAP earnings per diluted share stood at $0.15, while non-GAAP earnings per diluted share reached $0.52.
Earnings per share increased over 100% compared to the first quarter of 2019.
The company managed to deliver its third-strongest revenue quarter despite significant supply-chain disruptions caused by the COVID-19 pandemic.
Ichor
Ichor
Forward Guidance
For the second quarter of 2020, Ichor expects revenue to be in the range of $180 to $220 million. GAAP diluted EPS is expected to be between $0.11 and $0.35, and non-GAAP diluted EPS is expected to be between $0.32 and $0.54.