AI Earnings Predictions for Ichor Holdings (ICHR)

EX-99.1

2 ex-991_26q3xearnings.htm

2026 Q3 EARNINGS RELEASE

Document

Exhibit 99.1

Ichor Holdings, Ltd. Announces Third Quarter 2026 Financial Results

FREMONT, Calif., November 2, 2026–Ichor Holdings, Ltd. (NASDAQ: ICHR), a leader in the design, engineering, and manufacturing of critical fluid delivery subsystems and components for semiconductor capital equipment, today announced third quarter 2026 financial results.

Third quarter 2026 highlights:

•Revenue of $328.7 million, up 12% compared to Q2 2026 and up 37% compared to Q3 2025;

•Gross margin of 15.8% on a GAAP basis and 16.0% on a non‑GAAP basis; and

•Earnings per share of $0.55 on a GAAP basis and $0.63 on a non-GAAP basis.

“We are pleased to report another quarter of strong growth and expanding profitability, as the strategic priorities we laid out a year ago continue to translate into results,” commented Phil Barros, Ichor’s CEO. “We are executing an exceptionally steep revenue ramp, with third-quarter revenues up nearly 50% from the fourth quarter of 2025. This unprecedented three-quarter revenue increase for Ichor, executed in parallel with three straight quarters of meaningful gross margin expansion, is driving strong earnings leverage during what we believe are still the early stages of the historic semiconductor cycle underway. The ongoing realignment of our global footprint into our volume manufacturing sites and the steady increase in proprietary Ichor content are delivering the operating model improvements we planned."

“Customer demand remains robust, with visibility extending well into 2027,” continued Mr. Barros. “Our outlook for the fourth quarter indicates continued sequential growth in revenues, gross margin, and earnings per share. We are investing to support our customers’ growth well beyond this year, and we expect the structural improvements in our operating model will help further earnings leverage as revenues continue to ramp.”

Q3 2026Q2 2026Q3 2025

(dollars in thousands, except per share amounts)

U.S. GAAP Financial Results:

Net sales$328,699 $294,784 $239,296

Gross margin15.8 %13.9 %4.6 %

Operating margin6.9 %2.4 %(8.1)%

Net income (loss)$20,947 $998 $(22,853)

Diluted EPS$0.55 $0.03 $(0.67)

Q3 2026Q2 2026Q3 2025

(dollars in thousands, except per share amounts)

Non-GAAP Financial Results:

Gross margin16.0 %14.1 %5.1 %

Operating margin8.6 %5.5 %(4.8)%

Net income (loss)$24,218 $12,172 $(14,411)

Diluted EPS$0.63 $0.34 $(0.42)

U.S. GAAP Financial Results Overview

For the third quarter of 2026, revenue was $328.7 million, net income was $20.9 million, and diluted earnings per share (“diluted EPS”) was $0.55. This compares to revenue of $294.8 million and $239.3 million, net income (loss) of $1.0 million and $(22.9) million, and diluted EPS of $0.03 and $(0.67), for the second quarter of 2026 and third quarter of 2025, respectively.

Non-GAAP Financial Results Overview

For the third quarter of 2026, non-GAAP net income was $24.2 million and non-GAAP diluted EPS was $0.63. This compares to non-GAAP net income (loss) of $12.2 million and $(14.4) million, and non-GAAP diluted EPS of $0.34 and $(0.42), for the second quarter of 2026 and third quarter of 2025, respectively.

Page 1 of 12

Fourth Quarter 2026 Financial Outlook

For the fourth quarter of 2026, we expect the following:

Low-EndMid-PointHigh-End

Revenue$345 million$355 million$365 million

GAAP diluted EPS$0.50$0.55$0.60

Non-GAAP diluted EPS$0.65$0.70$0.75

This outlook for non‑GAAP diluted EPS excludes amortization of intangible assets of approximately $1.9 million and share-based compensation expense of approximately $4.0 million, as well as the related income tax effects. Non-GAAP diluted EPS should be considered in addition to, but not as a substitute for, our financial information presented in accordance with GAAP.

Balance Sheet and Cash Flow Results

We ended the third quarter of 2026 with cash and cash equivalents of $213.5 million, a decrease of $43.0 million from the prior quarter and an increase of $115.2 million from the prior year ended December 26, 2025.

The decrease of $43.0 million for the third quarter of 2026 was due to net cash used in operating activities of $28.8 million, capital expenditures of $10.7 million, issuance of ordinary shares under share-based compensation plans net of employees' taxes paid upon vesting of restricted share units of $1.9 million, and payments on credit facilities of $1.6 million. The increase of $115.2 million from the prior year ended December 26, 2025 was primarily due to net proceeds of $195.4 million from our issuance of 2.5 million ordinary shares, partially offset by net cash used in operating activities of $47.6 million, capital expenditures of $25.5 million, payments on credit facilities of $4.7 million, and the issuance of ordinary shares under share-based compensation plans net of employees' taxes paid upon vesting of restricted share units of $2.3 million.

Our cash used in operating activ

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EX-99.1

2 ex-991_26q1xearnings.htm

2026 Q1 EARNINGS RELEASE

Document

Exhibit 99.1

Ichor Holdings, Ltd. Announces First Quarter 2026 Financial Results

FREMONT, Calif., May 4, 2026–Ichor Holdings, Ltd. (NASDAQ: ICHR), a leader in the design, engineering, and manufacturing of critical fluid delivery subsystems and components for semiconductor capital equipment, today announced first quarter 2026 financial results.

First quarter 2026 highlights:

•Revenue of $256.1 million, above the mid-point of our guidance range communicated in February;

•Gross margin of 12.6% on a GAAP basis and 12.8% on a non‑GAAP basis; and

•Earnings (loss) per share of $(0.07) on a GAAP basis and $0.15 on a non-GAAP basis.

“Within a strengthening demand environment, we are pleased to report Q1 results at the upper end of our expectations for revenues, gross margin, and earnings per share due to strong operational execution by our team,” commented Phil Barros, Ichor’s CEO. “Revenues of $256 million increased 15% sequentially, a strong start to what we expect will be a sustained industry upcycle driven by structural technology transitions and strategic capacity investments in wafer fabrication equipment. The early investments we made in ramping labor headcount and pre-positioning inventory are enabling Ichor to deliver strong execution for our customers and achieve revenue growth toward the high end of our demand forecast. With customer delivery timelines accelerating, our outlook for the second quarter reflects our expectation for another strong quarter of sequential improvement spanning revenues, gross margin, and earnings per share. We continue to drive the strategic, operational and technological priorities for Ichor that we expect will enable continued gross margin expansion and significant earnings leverage as revenues ramp through the year, and into 2027.”

Q1 2026Q4 2025Q1 2025

(dollars in thousands, except per share amounts)

U.S. GAAP Financial Results:

Net sales$256,068 $223,606 $244,465

Gross margin12.6 %9.4 %11.7 %

Operating margin0.8 %(6.2)%(0.5)%

Net loss$(2,469)$(15,961)$(4,559)

Diluted EPS$(0.07)$(0.46)$(0.13)

Q1 2026Q4 2025Q1 2025

(dollars in thousands, except per share amounts)

Non-GAAP Financial Results:

Gross margin12.8 %11.7 %12.4 %

Operating margin3.4 %1.2 %2.7 %

Net income$5,287 $280 $4,236

Diluted EPS$0.15 $0.01 $0.12

U.S. GAAP Financial Results Overview

For the first quarter of 2026, revenue was $256.1 million, net loss was $(2.5) million, and net loss per diluted share (“diluted EPS”) was $(0.07). This compares to revenue of $223.6 million and $244.5 million, net loss of $(16.0) million and $(4.6) million, and diluted EPS of $(0.46) and $(0.13), for the fourth quarter of 2025 and first quarter of 2025, respectively.

Non-GAAP Financial Results Overview

For the first quarter of 2026, non-GAAP net income was $5.3 million and non-GAAP diluted EPS was $0.15. This compares to non-GAAP net income of $0.3 million and $4.2 million, and non-GAAP diluted EPS of $0.01 and $0.12, for the fourth quarter of 2025 and first quarter of 2025, respectively.

Page 1 of 11

Second Quarter 2026 Financial Outlook

For the second quarter of 2026, we expect the following:

Low-EndMid-PointHigh-End

Revenue$290 million$300 million$310 million

GAAP diluted EPS$0.10$0.15$0.20

Non-GAAP diluted EPS$0.25$0.30$0.35

This outlook for non‑GAAP diluted EPS excludes amortization of intangible assets of approximately $1.9 million and share-based compensation expense of approximately $4.4 million, as well as the related income tax effects. Non-GAAP diluted EPS should be considered in addition to, but not as a substitute for, our financial information presented in accordance with GAAP.

Balance Sheet and Cash Flow Results

We ended the first quarter of 2026 with cash and cash equivalents of $89.1 million, a decrease of $9.2 million from the prior year ended December 26, 2025. The decrease of $9.2 million for the first quarter of 2026 was primarily due to capital expenditures of $7.1 million and cash used in operating activities of $2.9 million.

Our cash used in operating activities of $2.9 million for the first quarter of 2026 consisted of an increase in our net operating assets and liabilities of $12.7 million and a net loss of $2.5 million, partially offset by non-cash charges of $12.2 million, consisting primarily of depreciation and amortization of $7.7 million and share-based compensation expense of $3.8 million.

The increase in our net operating assets and liabilities of $12.7 million during the first quarter of 2026 was primarily due to an increase in accounts receivable of $22.6 million and an increase in inventory of $20.5 million, partially offset by an increase in accounts payable of $27.4 million, and a decrease in prepaid expenses and other assets of $2.9 million.

Use of Non-GAAP Financial Results

In addition to U.S. GAAP ("GAAP") results, this press release also contains non-GAAP financial results, including