Loading...
•
Dec 26, 2025
Ichor Q4 2025 Earnings Report
Ichor Holdings, Ltd. announced its fourth quarter and fiscal year 2025 financial results, reporting revenue above guidance midpoint and improved non-GAAP gross margin.
Key Takeaways
Ichor Holdings, Ltd. reported fourth quarter 2025 revenue of $223.6 million, exceeding the midpoint of its guidance. The company achieved a GAAP gross margin of 9.4% and a non-GAAP gross margin of 11.7%. Diluted EPS was $(0.46) on a GAAP basis and $0.01 on a non-GAAP basis.
Fourth quarter 2025 revenue reached $223.6 million, surpassing the mid-point of the company's guidance.
GAAP gross margin for Q4 2025 was 9.4%, while non-GAAP gross margin was 11.7%.
GAAP diluted EPS for the quarter was $(0.46), with non-GAAP diluted EPS at $0.01.
The company anticipates an upward trend in demand and expects meaningfully improved gross margin performance in fiscal 2026.
Forward Guidance
For the first quarter of 2026, Ichor Holdings, Ltd. expects revenue between $240 million and $260 million, with GAAP diluted EPS ranging from $(0.10) to $0.02 and non-GAAP diluted EPS from $0.08 to $0.16.
Positive Outlook
- Revenue outlook for Q1 2026 reflects solidly upward momentum from Q4's trough levels.
- Upward trend in demand is expected to continue into the second half of 2026.
- Gross margin improvement strategies are beginning to take shape, leading to meaningfully improved gross margin performance in fiscal 2026.
- New strategic initiatives reflecting operational and technological priorities are expected to deliver strong earnings leverage.
- Non-GAAP diluted EPS is projected to be positive, ranging from $0.08 to $0.16.
Challenges Ahead
- GAAP diluted EPS is projected to be negative at the low end of the guidance, ranging from $(0.10) to $0.02.
- Amortization of intangible assets of approximately $2.1 million will impact GAAP diluted EPS.
- Share-based compensation expense of approximately $4.0 million will affect GAAP diluted EPS.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...