Ichor Q3 2020 Earnings Report
Key Takeaways
Ichor Holdings reported strong third quarter 2020 financial results, with revenues of $227.7 million, a 47% increase year-over-year. The company's GAAP EPS was $0.45, and non-GAAP EPS was $0.62. The company also generated $20.7 million in free cash flow.
Revenues increased by 47% year-over-year, reaching $228 million.
GAAP net earnings per diluted share was $0.45, and non-GAAP net earnings per diluted share was $0.62.
Cash flow from operations was $23.3 million, and free cash flow was $20.7 million.
Gross margin was 14.3% on a GAAP basis and 14.6% on a non-GAAP basis.
Ichor
Ichor
Forward Guidance
For the fourth quarter of 2020, Ichor expects revenue to be in the range of $220 million to $245 million. GAAP diluted EPS is expected to be in the range of $0.38 to $0.59 and non-GAAP diluted EPS to be in the range of $0.59 to $0.77.