Ichor Q3 revenue rises 37%, slightly misses estimates

Ichor Holdings

02/11/2026 21:12

Overview
Semiconductor equipment subsystems maker's Q3 revenue rose 37% yr/yr, slightly missing analyst expectations
Adjusted EPS for Q3 beat analyst expectations
Company cites gross margin expansion and operational improvements as drivers of profitability

Outlook
Ichor expects Q4 2026 revenue between $345 mln and $365 mln
Company sees Q4 2026 non-GAAP diluted EPS of $0.65 to $0.75
Ichor expects sequential growth in revenue, gross margin, and EPS in Q4 2026

Result Drivers
REVENUE RAMP - Co attributed revenue growth and earnings leverage to a steep ramp in demand during the current semiconductor cycle
OPERATING MODEL CHANGES - Co said realignment of manufacturing sites and increased proprietary content improved operations
ROBUST DEMAND - Co said customer demand remains strong with extended visibility

Company press release: ID:nBw9pLBlza

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
Slight Miss*
$328.70 mln
$330 mln (6 Analysts)
Q3 Adjusted EPS
Beat
$0.63
$0.45 (6 Analysts)
Q3 EPS
 
$0.55
 
Q3 Net Income
 
$20.95 mln
 
Q3 Gross Margin
 
15.80%
 
Q3 Operating Margin
 
6.90%
 
*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the semiconductors peer group is "buy"
Wall Street's median 12-month price target for Ichor Holdings, Ltd. is $88.00, about 126.2% above its October 30 closing price of $38.90
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 35 three months ago

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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)