Press release
Ichor Holdings, Ltd. Announces First Quarter 2025 Financial Results
FREMONT, Calif.--(BUSINESS WIRE)-- Ichor Holdings, Ltd. (NASDAQ: ICHR), a leader in the design, engineering, and manufacturing of critical fluid delivery
About this update from Ichor Holdings
[{"type":"text","content":" FREMONT, Calif.--(BUSINESS WIRE)--\nIchor 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 2025 financial results.\n\nFirst quarter 2025 highlights:\n\n\nRevenues of $244.5 million;\n\n\nGross margin of 11.7% on a GAAP basis and 12.4% on a non‑GAAP basis; and\n\n\nEarnings (loss) per share of $(0.13) on a GAAP basis and $0.12 on a non-GAAP basis.\n\n\n“The overall spending environment for semiconductor wafer fab equipment continues to be quite healthy as we enter 2025, with demand signals remaining relatively consistent across our primary served markets,” commented Jeff Andreson, Ichor’s CEO. “That said, the policy uncertainty playing out in Washington is beginning to challenge the clarity of demand visibility through the year, leading us to take a more conservative view for the second quarter. As we step back and view the year as a whole, at this time we anticipate revenue volumes will be reasonably balanced between the first half and second half – indicating Ichor’s revenue growth profile continues to exceed expectations for overall industry growth in 2025. Within that revenue profile, we expect to drive meaningful gross margin improvement as we progress through 2025, as we mature the processes integrating our internal component supply into our high-volume gas panel manufacturing operations.”\n\n\n\n \n\n\n\n\nQ1 2025\n\n\n\n \n\n\n\nQ4 2024\n\n\n\n \n\n\n\nQ1 2024\n\n\n\n\n\n \n\n\n\n\n(dollars in thousands, except per share amounts)\n\n\n\n\n\nU.S. GAAP Financial Results:\n\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n\n\nNet sales\n\n\n\n\n$\n\n\n\n244,465\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n233,291\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n201,383\n\n\n\n \n\n\n\n\n\nGross margin\n\n\n\n\n \n\n\n\n11.7\n\n\n\n%\n\n\n\n \n\n\n\n \n\n\n\n11.6\n\n\n\n%\n\n\n\n \n\n\n\n \n\n\n\n11.4\n\n\n\n%\n\n\n\n\n\nOperating margin\n\n\n\n\n \n\n\n\n(0.5\n\n\n\n)%\n\n\n\n \n\n\n\n \n\n\n\n(0.5\n\n\n\n)%\n\n\n\n \n\n\n\n \n\n\n\n(1.9\n\n\n\n)%\n\n\n\n\n\nNet loss\n\n\n\n\n$\n\n\n\n(4,559\n\n\n\n)\n\n\n\n \n\n\n\n$\n\n\n\n(3,943\n\n\n\n)\n\n\n\n \n\n\n\n$\n\n\n\n(8,989\n\n\n\n)\n\n\n\n\n\nDiluted EPS\n\n\n\n\n$\n\n\n\n(0.13\n\n\n\n)\n\n\n\n \n\n\n\n$\n\n\n\n(0.12\n\n\n\n)\n\n\n\n \n\n\n\n$...