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Jun 30, 2023
Ichor Q2 2023 Earnings Report
Ichor's second quarter results were at the upper end of expectations, and the company continues to expect modest improvements in demand as it progresses through the second half of the year.
Key Takeaways
Ichor Holdings reported second-quarter 2023 financial results with revenues of $185 million, above the mid-point of the guidance range. GAAP EPS was $(0.71) and non-GAAP EPS was $0.02. The company expects revenue to be in the range of $185.0 million to $200.0 million for the third quarter of 2023.
Revenues of $185 million, above the mid-point of guidance.
GAAP gross margin of 13.9% and non-GAAP gross margin of 14.5%.
GAAP EPS of $(0.71) and non-GAAP EPS of $0.02.
$27 million of cash flow from operations.
Forward Guidance
For the third quarter of 2023, Ichor expects revenue to be in the range of $185.0 million to $200.0 million. We expect GAAP diluted EPS to be in the range of $(0.32) to $(0.20) and non-GAAP diluted EPS to be in the range of $0.01 to $0.13.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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