Ichor Q3 2022 Earnings Report
Key Takeaways
Ichor Holdings reported record revenues of $356 million for Q3 2022, up 8% from the previous quarter and at the upper end of their guidance range. The company's GAAP EPS was $1.00, and non-GAAP EPS reached a record $1.22. Solid gross margin performance drove record operating income, while the company acknowledged a weakening wafer fabrication environment due to export restrictions to China and a pullback in memory investments.
Record revenues of $356 million, at the upper end of guidance and up 8% from Q2.
GAAP gross margin of 17.9% and non-GAAP gross margin of 18.0%, up 100 bp from Q2.
GAAP earnings per share of $1.00 and record non-GAAP earnings per share of $1.22.
Ichor expects to demonstrate the resiliency of its business model and outperform WFE despite a weakened wafer fabrication environment.
Ichor
Ichor
Forward Guidance
For the fourth quarter of 2022, Ichor expects revenue to be in the range of $315 million to $355 million. GAAP diluted EPS is expected to be in the range of $0.57 to $0.83 and non-GAAP diluted EPS to be in the range of $0.80 to $1.04.