Ichor (NASDAQ:ICHR) Posts Quarterly Earnings Results, Beats Estimates By $0.18 EPS

Ichor (NASDAQ:ICHR) released its earnings results on Monday. The technology company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.45 by $0.18, FiscalAI reports. The company had revenue of $328.70 million for the quarter, compared to analyst estimates of $330.15 million. Ichor had a negative net margin of 3.97% and a positive return on equity of 0.47%. The firm’s quarterly revenue was up 37.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.07 EPS.

Here are the key takeaways from Ichor’s conference call:

• Q3 results exceeded expectations, with revenue of $328.7 million, up 12% sequentially and 37% year over year, while gross margin expanded 190 basis points to 16% and EPS reached $0.63.
• Management guided to Q4 revenue of $345 million–$365 million, gross margin of approximately 16.5%, and EPS of $0.65–$0.75; it expects full-year 2026 revenue growth of roughly 30% and earnings growth to outpace revenue growth.
• Higher-margin proprietary components are becoming a larger part of the business, with internal content expected to reach about 35% by the end of Q4 and external component sales growing 250% from Q1 to Q4, supporting further margin expansion.
• Strong demand continues to be limited by supply-chain bottlenecks, particularly for mass flow controllers and other components used in advanced etch and deposition applications; these constraints are incorporated into guidance but may restrict near-term revenue.
• Ichor is expanding Malaysia and Mexico capacity, clean-room space, machining, welding, and manufacturing headcount to support demand through 2027, when management expects sequential revenue growth every quarter and earnings growth to exceed revenue growth by more than two times.

Ichor Price Performance

Shares of NASDAQ ICHR opened at $36.84 on Tuesday. Ichor has a 1 year low of $14.06 and a 1 year high of $113.58. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.70 and a quick ratio of 2.07. The company’s 50-day moving average is $52.61 and its 200 day moving average is $60.52. The stock has a market capitalization of $1.38 billion, a P/E ratio of 478.67 and a beta of 1.79.

Trending Headlines about Ichor

Here are the key news stories impacting Ichor this week:

• Positive Sentiment: Third-quarter EPS significantly beat expectations: Ichor reported adjusted earnings of $0.63 per share, well above the $0.45 consensus estimate and up from $0.07 a year earlier. Revenue rose 37.4% year over year to $328.7 million, while gross margin improved to 15.8% on a GAAP basis and 16.0% on a non-GAAP basis. Ichor Holdings Beats Q3 Earnings Estimates
• Positive Sentiment: Profit guidance exceeded forecasts: Ichor expects fourth-quarter 2026 EPS of $0.65 to $0.75, compared with the $0.60 analyst consensus. The outlook suggests continued earnings momentum following the latest margin improvement.
• Neutral Sentiment: Revenue outlook is broadly in line but slightly below consensus at the midpoint: Fourth-quarter revenue guidance of $345 million to $365 million implies a midpoint of $355 million, below the $364.4 million consensus estimate. This may temper the positive reaction to the EPS outlook.
• Negative Sentiment: Valuation and technical trends remain concerns: ICHR is trading well below its 50-day and 200-day moving averages, while its very high price-to-earnings ratio reflects elevated expectations. The company also continues to report a negative net margin, despite improved quarterly earnings.

Analysts Set New Price Targets

ICHR has been the subject of several analyst reports. Zacks Research lowered shares of Ichor from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. Oppenheimer raised their price objective on Ichor from $60.00 to $80.00 and gave the company a “market perform” rating in a research note on Tuesday, August 4th. Stifel Nicolaus set a $93.00 price objective on Ichor in a report on Tuesday. UBS Group set a $82.00 target price on Ichor in a research note on Thursday, October 8th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Ichor in a research note on Monday, September 21st. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $83.44.

Insider Activity at Ichor

In other Ichor news, Director Iain MacKenzie sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $50.66, for a total value of $1,013,200.00. Following the completion of the sale, the director directly owned 102,427 shares in the company, valued at $5,188,951.82. This trade represents a 16.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Philip Barros, Jr. sold 1,314 shares of Ichor stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $61.88, for a total value of $81,310.32. Following the sale, the chief executive officer directly owned 161,562 shares in the company, valued at approximately $9,997,456.56. The trade was a 0.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 46,740 shares of company stock valued at $2,602,960 in the last three months. Corporate insiders own 1.70% of the company’s stock.

Ichor Company Profile

Ichor Holdings, Ltd. (NASDAQ: ICHR) is a supplier to the semiconductor equipment industry. The company designs, engineers and manufactures critical fluid-delivery subsystems used in semiconductor fabrication equipment, including systems that deliver and control gases and chemicals during the wafer-manufacturing process.

Ichor’s products and services include gas and chemical delivery systems, precision-machined components, weldments, fluid-management assemblies and related engineering and manufacturing services.