Quarterly ResultMay 4, 2026, 04:14 PM
Ichor Holdings Q1 Revenue $256.1M, Non-GAAP EPS $0.15; Q2 Outlook Strong
AI Summary
Ichor Holdings announced its first quarter 2026 financial results, reporting revenue of $256.1 million and non-GAAP diluted EPS of $0.15, exceeding the mid-point of its guidance. The company saw a 15% sequential increase in revenue, driven by strong operational execution and a strengthening demand environment. For the second quarter of 2026, Ichor projects revenue between $290 million and $310 million, with non-GAAP diluted EPS expected to be $0.25 to $0.35, anticipating continued sequential improvement and a sustained industry upcycle.
Key Highlights
- Q1 2026 revenue reached $256.1 million, a 15% sequential increase from Q4 2025.
- Non-GAAP diluted EPS for Q1 2026 was $0.15, up from $0.01 in Q4 2025.
- GAAP net loss for Q1 2026 was $(2.5) million, or $(0.07) per diluted share.
- Non-GAAP gross margin improved to 12.8% in Q1 2026 from 11.7% in Q4 2025.
- Q2 2026 revenue is projected to be between $290 million and $310 million.
- Q2 2026 non-GAAP diluted EPS is expected to range from $0.25 to $0.35.
- Cash and cash equivalents stood at $89.1 million at the end of Q1 2026.
- Free cash flow for Q1 2026 was $(9.982) million, with capital expenditures of $7.1 million.