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Mar 29, 2024
Ichor Q1 2024 Earnings Report
Ichor's Q1 2024 financial performance reflected stable demand within the wafer fab equipment market.
Key Takeaways
Ichor reported Q1 2024 revenue of $201.4 million, a GAAP EPS of $(0.30), and a non-GAAP EPS of $(0.09). The company witnessed a stabilization in its revenue run rate and expects an improvement in second half revenue volumes.
Revenues were $201 million.
GAAP gross margin was 11.4%.
GAAP EPS was $(0.30) and non-GAAP EPS was $(0.09).
Total debt outstanding was reduced by $117 million at quarter end.
Forward Guidance
For the second quarter of 2024, Ichor expects revenue to be in the range of $190 million to $205 million. GAAP diluted EPS is expected to be in the range of $(0.22) to $(0.10) and non-GAAP diluted EPS to be in the range of $(0.03) to $0.09.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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