Ichor Q2 2024 Earnings Report
Key Takeaways
Ichor Holdings reported Q2 2024 revenues of $203 million, near the upper end of their guidance range, with a GAAP EPS of $(0.15) and a non-GAAP EPS of $0.05. The company saw continued gross margin improvement and expects further improvements in profitability and cash flow in the coming quarters, driven by new product introductions and customer qualifications.
Revenues of $203 million, near the upper end of guidance.
GAAP gross margin of 12.6% and non-GAAP gross margin of 13.0%.
GAAP EPS of $(0.15) and non-GAAP EPS of $0.05.
Free cash flow of $15 million.
Ichor
Ichor
Forward Guidance
For the third quarter of 2024, Ichor expects revenue to be in the range of $195 million to $210 million. They expect GAAP diluted EPS to be in the range of $(0.17) to $(0.06) and non-GAAP diluted EPS to be in the range of $0.05 to $0.15.