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Ichor Q1 2025 Earnings Report
Ichor Holdings, Ltd. announced its first quarter 2025 financial results, reporting revenues of $244.5 million, a GAAP net loss of $(4.6) million, and GAAP diluted EPS of $(0.13).
Key Takeaways
Ichor Holdings, Ltd. reported first quarter 2025 revenues of $244.5 million, with a GAAP net loss of $(4.6) million and diluted EPS of $(0.13). Non-GAAP net income was $4.2 million, resulting in non-GAAP diluted EPS of $0.12. The company's cash and cash equivalents increased slightly to $109.3 million.
Revenues for Q1 2025 reached $244.5 million.
The company reported a GAAP net loss of $(4.6) million and GAAP diluted EPS of $(0.13).
Non-GAAP net income was $4.2 million, with non-GAAP diluted EPS of $0.12.
Cash and cash equivalents stood at $109.3 million at the end of Q1 2025, an increase of $0.6 million from the prior year end.
Ichor
Ichor
Forward Guidance
For the second quarter of 2025, Ichor Holdings, Ltd. anticipates revenues between $225 million and $245 million. GAAP diluted EPS is projected to be between $(0.06) and $0.04, while non-GAAP diluted EPS is expected to range from $0.10 to $0.22.
Positive Outlook
- Overall spending environment for semiconductor wafer fab equipment remains quite healthy.
- Demand signals remain relatively consistent across primary served markets.
- Anticipate revenue growth profile to exceed expectations for overall industry growth in 2025.
- Expect to drive meaningful gross margin improvement as processes for internal component supply mature.
- Non-GAAP diluted EPS is projected to be positive, ranging from $0.10 to $0.22.
Challenges Ahead
- Policy uncertainty in Washington is challenging the clarity of demand visibility through the year.
- More conservative view for the second quarter due to policy uncertainty.
- GAAP diluted EPS is projected to be negative at the low end of the guidance.
- Revenue guidance for Q2 2025 is lower than Q1 2025 actual revenue.
- The company expects revenue volumes to be reasonably balanced between the first half and second half, indicating no significant acceleration in the near term.