Earnings summaries and quarterly performance for ICHOR HOLDINGS.
Executive leadership at ICHOR HOLDINGS.
Board of directors at ICHOR HOLDINGS.
Research analysts who have asked questions during ICHOR HOLDINGS earnings calls.
BC
Brian Chin
Stifel Financial Corp.
4 questions for ICHR
Also covers: AEIS, AMAT, CAMT +8 more
CS
Christian Schwab
Craig-Hallum Capital Group
4 questions for ICHR
Also covers: ACLS, ADTN, AEHR +17 more
Craig Ellis
B. Riley Securities
4 questions for ICHR
Also covers: ACLS, AKTS, AMKR +16 more
EY
Edward Yang
Oppenheimer & Co. Inc.
4 questions for ICHR
Also covers: CAMT, ENTG, KLAC +3 more
SS
Sreekrishnan Sankarnarayanan
Wolfe Research, LLC
3 questions for ICHR
Also covers: AAPL, AEIS, AMAT +21 more
TD
Thomas Diffely
D.A. Davidson & Co.
3 questions for ICHR
Also covers: ACLS, AEHR, AMKR +3 more
Charles Shi
Needham & Company
1 question for ICHR
Also covers: ACLS, ACMR, ALTR +18 more
KS
Krish Sankar
TD Cowen
1 question for ICHR
Also covers: AAPL, AEIS, AMAT +21 more
RC
Ross Cole
Needham & Company, LLC
1 question for ICHR
Also covers: ACLS, AMKR, AXTI +3 more
TD
Tom Diffely
D.A. Davidson Companies
1 question for ICHR
Also covers: ACLS, AMKR, FORM +2 more
YS
Yu Shi
Susquehanna International Group, LLP
1 question for ICHR
Also covers: ACLS, ACMR, AMAT +11 more
Recent press releases and 8-K filings for ICHR.
Ichor Holdings' New CEO Outlines Strategic Vision and Financial Targets
ICHR
CEO Change
Guidance Update
New Projects/Investments
- Phil Barros, the new CEO of Ichor, outlined a strategy to transform the company into a product and technology firm, aiming for 75% vertical content capability by the end of 2026 with Ichor-branded products, an increase from 35% capable at the end of 2025.
- Ichor targets a 15% gross margin at a $250 million quarterly run rate and a 20% gross margin at a $350 million-$400 million quarterly run rate, driven by vertical integration, cost reductions, and growth in the non-semi business.
- The company pre-announced Q4 results slightly above the midpoint of guidance and expects sequential improvement in revenue and operating margins for Q1 2026.
- Ichor anticipates etch and deposition to outgrow WFE and is expanding its non-semi business, with SpaceX being its fifth largest customer.
Jan 13, 2026, 3:15 PM
Ichor's New CEO Outlines Strategic Vision, Vertical Integration, and Gross Margin Targets
ICHR
CEO Change
Guidance Update
New Projects/Investments
- Ichor's new CEO, Phil Burrows, outlined a strategy to transform the company from a manufacturing to a product and technology company, focusing on cost transformation with a 35% reduction target in overall footprint and a 15% target for cost reduction in products.
- The company is aggressively pursuing vertical integration, aiming to increase its capability to build 75% of system components with Ichor-branded products by the end of 2026, up from 35% capable at the end of 2025. This strategy has expanded their served market from $2.5 billion to $25 billion as of early 2026.
- Ichor anticipates strong market tailwinds, particularly in etch and deposition, which is expected to outgrow the overall WFE market, benefiting Ichor due to its high leverage to these gas-heavy processes.
- The company pre-announced Q4 2025 results slightly above the midpoint of guidance and expects sequential revenue improvement in Q1 2026, driven by a pull-forward of demand from the second half of the year.
- Long-term gross margin targets include 15% at a $250 million quarterly run rate and 20% at a $350 million quarterly run rate, projected for fiscal 2027-2028, supported by vertical integration and growth in the non-semi business, which includes SpaceX as their fifth largest customer.
Jan 13, 2026, 3:15 PM
Ichor Holdings (ICHR) outlines 2026 strategic priorities, vertical integration goals, and financial outlook
ICHR
CEO Change
Guidance Update
New Projects/Investments
- Phil Barros, the new CEO, outlined Ichor's 2026 strategy focusing on cost transformation, leveraging secular tailwinds in etch and deposition, and becoming a differentiated product and technology company through vertical integration.
- Ichor aims to increase its vertical content capability to 75% by the end of 2026 from 35% at the end of 2025, primarily driven by new products like high-volume flow controllers which represent 40% of the Bill of Materials (BOM) cost. Actual utilization of this capability was 24% in 2025 and is projected to be in the mid-30s in 2026, with meaningful revenue from flow controllers expected in 2027.
- The company pre-announced Q4 results slightly above the midpoint of guidance and anticipates sequential improvement in revenue and operating margins for Q1. Long-term targets include 15% gross margin at a $250 million normalized quarterly run rate and 20% gross margin at a $350 million quarterly run rate by FY 2027-2028.
- Ichor's served market has grown tenfold to $25 billion as of early 2026, with a growing non-semi business that includes SpaceX as its fifth largest customer. The lithography segment is expected to be flat year-on-year in 2026 due to customer inventory digestion.
Jan 13, 2026, 3:15 PM
Ichor Holdings Announces Preliminary Q4 2025 Results and Q1 2026 Outlook
ICHR
Earnings
Guidance Update
Revenue Acceleration/Inflection
- Ichor Holdings, Ltd. announced preliminary financial results for the fourth quarter of 2025 and a preliminary outlook for the first quarter of 2026 on January 13, 2026.
- For Q4 2025, the company anticipates revenue and gross margin results to be slightly above the midpoint of its previously provided guidance.
- The preliminary outlook for Q1 2026 projects revenue of at least $240 million and sequential improvement in gross margin compared to Q4 2025.
- These financial results are preliminary, unaudited, and subject to completion of year-end procedures and audit.
Jan 13, 2026, 1:00 PM
Ichor Announces Preliminary Q4 2025 Results and Q1 2026 Outlook
ICHR
Earnings
Guidance Update
- Ichor Holdings announced its preliminary financial results for the fourth quarter of 2025 and provided a preliminary outlook for the first quarter of 2026.
- For Q4 2025, the company anticipates reporting revenue and gross margin results slightly above the midpoint of its previously issued guidance.
- The preliminary outlook for Q1 2026 projects revenue of at least $240 million and a sequential improvement in gross margin compared to the fourth quarter.
- These preliminary results are unaudited and are subject to management's continued review and the completion of audit procedures.
Jan 13, 2026, 1:00 PM
Ichor Holdings Reports Strong Q3 2025 Revenue Amid Profitability Challenges
ICHR
Earnings
Revenue Acceleration/Inflection
Guidance Update
- Ichor Holdings reported third-quarter 2025 revenues of $239.3 million, exceeding analyst expectations due to strong demand for its semiconductor manufacturing equipment.
- Despite strong revenue, the company posted a net loss of $22.9 million, impacted by inventory write-downs, restructuring costs, and weak demand in other market segments, leading to a gross margin of 4.6% and an operating margin of -8.1%. GAAP earnings per share were negative $0.67.
- Sales were geographically diversified, with Singapore leading at $113.96 million, followed by the United States at $75.14 million, Europe at $22.76 million, and other regions at $27.43 million.
- The company forecasts a slight decline in fourth-quarter revenues but remains optimistic about a recovery in 2026. Wall Street maintains confidence, with the company's shares trading at a price-to-earnings ratio of 25, up from 17 three months ago.
Nov 3, 2025, 10:19 PM
Ichor Announces Q3 2025 Results, Q4 2025 Guidance, and CEO Transition
ICHR
Earnings
CEO Change
Guidance Update
- Ichor reported Q3 2025 revenues of $239.3 million and EPS of $0.07 per share, with a gross margin of 12.1%. The company experienced customer accelerations for certain gas panel deliveries, but also noted a decline in non-semi markets and revisions from some customers.
- For Q4 2025, Ichor provided guidance for revenues between $210 million and $230 million, gross margins of 10%-12%, and an EPS range of a loss of $0.14 to a profit of $0.02 per share. This outlook reflects lower IMG revenues and reduced demand from third and fourth largest semi customers.
- Phil Barrows, the longtime CTO, has been named CEO effective November 3, 2025. The company anticipates Q4 2025 to be a trough quarter, with expectations for growth in 2026, particularly in the second half.
- The company aims for mid-teens gross margins at a $250 million revenue run rate in the second half of 2026, driven by proprietary products and operational efficiencies. The long-range aspirational gross margin goal remains 20%, enabled by flow control products.
Nov 3, 2025, 9:30 PM
Ichor Holdings, Ltd. Appoints Phil Barros as CEO
ICHR
CEO Change
Board Change
Executive Compensation
- Ichor Holdings, Ltd. has appointed Phil Barros as its new Chief Executive Officer and a member of the Board of Directors, effective November 3, 2025.
- Mr. Barros, who previously served as Chief Technology Officer since 2015, succeeds Jeffrey Andreson, who resigned as CEO and from the Board of Directors on October 30, 2025, effective November 3, 2025.
- As CEO, Mr. Barros will receive an annual base salary of $700,000 and a target annual cash bonus of 100% of his base salary.
- He will also receive an equity incentive grant with a fair value of $3,500,000, split equally between Performance Based RSUs and Time Based RSUs.
Nov 3, 2025, 9:10 PM
Ichor Holdings, Ltd. Announces Third Quarter 2025 Financial Results
ICHR
Earnings
Guidance Update
Demand Weakening
- Ichor Holdings, Ltd. reported revenue of $239.3 million for the third quarter of 2025.
- The company's GAAP diluted EPS for Q3 2025 was $(0.67), and non-GAAP diluted EPS was $0.07.
- For the fourth quarter of 2025, Ichor Holdings, Ltd. expects revenue to be $220 million at the mid-point of its guidance, with non-GAAP diluted EPS projected at $(0.06).
- CEO Jeff Andreson noted a strengthening demand environment for etch and deposition in Q3, but also further softening in other served markets, anticipating lower Q4 revenues before momentum regains in 2026.
- Cash and cash equivalents totaled $92.5 million at the end of the third quarter of 2025.
Nov 3, 2025, 9:10 PM
Ichor Holdings Appoints Phil Barros as CEO
ICHR
CEO Change
Management Change
Board Change
- Ichor Holdings, Ltd. (NASDAQ: ICHR) has appointed Phil Barros as its new Chief Executive Officer (CEO) and to its Board of Directors, effective immediately.
- Barros previously served as Ichor's Chief Technical Officer (CTO) since 2015 and has over 20 years of leadership experience within the company, including roles in engineering, product management, sales, and strategy.
- The Board of Directors unanimously approved this leadership transition, which is the culmination of a thoughtful succession planning process.
Nov 3, 2025, 9:07 PM
Quarterly earnings call transcripts for ICHOR HOLDINGS.
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