Press release
Ichor Holdings, Ltd. Announces Third 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 third quarter 2025 financial results.\n\n\nThird quarter 2025 highlights:\n\n\n\nRevenue of $239.3 million, above the mid-point of our guidance range communicated in August;\n\n\n\nGross margin of 4.6% on a GAAP basis and 12.1% on a non‑GAAP basis; and\n\n\n\nEarnings (loss) per share of $(0.67) on a GAAP basis and $0.07 on a non-GAAP basis.\n\n\n\n“The customer demand environment for etch and deposition strengthened during the third quarter, resulting in an acceleration of gas panel integration deliveries and total revenues at the upper end of our expectations,” commented Jeff Andreson, Ichor’s CEO. “At the same time, we witnessed further softening within our other served markets, which again pressured our ability to achieve our gross margin and profitability expectations for the quarter. Year-to-date revenues of $724 million demonstrate 18% growth year-over-year, reflecting strong performance compared to overall wafer fab equipment (WFE) growth. With our current visibility, and given the pull-in of demand witnessed among our primary etch and deposition customers during Q3, we expect Q4 revenues to track somewhat lower before regaining momentum as we move into 2026. With the robust demand environment for etch and deposition expected to continue, we look forward to a recovery in our other served markets, which we expect will provide the revenue volume momentum and gross margin tailwinds that will enable a return to our historical record of delivering strong earnings leverage.”\n\n\n\n\n \n\n\n\n\n\n\nQ3 2025\n\n\n\n\n\n\n \n\n\n\n\n\n\nQ2 2025\n\n\n\n\n\n\n \n\n\n\n\n\n\nQ3 2024\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n(dollars in thousands, except per share amounts)\n\n\n\n\n\n\n\n\nU.S. GAAP Financial Results:\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\nNet sales\n\n\n\n\n\n\n$\n\n\n\n\n\n\n239,296\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n240,285\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n211,139\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\nGross margin\n\n\n\n\n\n\n \n\n\n\n\n\n\n4.6\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\...