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Mar 31, 2023
Ichor Q1 2023 Earnings Report
Ichor's first quarter results were aligned with expectations, with revenue at the midpoint of guidance and closely managed operating expenses.
Key Takeaways
Ichor reported first quarter revenue of $226 million, aligning with guidance. GAAP EPS was $0.00 and non-GAAP EPS was $0.38. The company is facing an increasingly challenging demand environment, particularly in the memory market and leading-edge logic.
Revenues of $226 million, at the mid-point of guidance.
Gross margin of 14.7% on a GAAP basis and 15.5% on a non-GAAP basis.
Earnings per share of $0.00 on a GAAP basis and $0.38 on a non-GAAP basis.
The near-term demand environment has become increasingly challenging.
Ichor
Ichor
Forward Guidance
For the second quarter of 2023, Ichor expects revenue to be in the range of $170.0 million to $190.0 million. We expect GAAP diluted EPS to be in the range of $(0.01) to $0.00 and non-GAAP diluted EPS to be in the range of $(0.08) to $0.08.