Ichor Q2 revenue rises 24% but misses analyst estimates

Ichor Holdings

03/08/2026 21:10

Overview
Semiconductor equipment supplier's Q2 revenue rose 24% yr/yr but missed analyst expectations
GAAP diluted EPS turned positive at $0.03, up from a loss a year ago
Company raised $200 mln in equity, increasing cash to $256 mln at quarter-end

Outlook
Ichor expects Q3 2026 revenue between $315 mln and $345 mln
Company sees Q3 2026 GAAP diluted EPS of $0.25 to $0.35
Company expects continued sequential growth in revenue, gross margin and EPS for 2026

Result Drivers
STRATEGIC EXECUTION - Co said improved results were driven by execution of strategic and operational priorities to strengthen operating model and expand margins
MARGIN EXPANSION - Co said gross margin expanded significantly, helping drive earnings to a three-year record

Company press release: ID:nBw4r2ZKBa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
Miss
$294.78 mln
$300.17 mln (7 Analysts)
Q2 EPS
 
$0.03
 
Q2 Net Income
 
$998,000
 
Q2 Gross Margin
 
13.90%
 

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 $82.00, about 8.9% above its July 31 closing price of $75.27
The stock recently traded at 36 times the next 12-month earnings vs. a P/E of 44 three months ago

Reuters Recommended Reads
July 31 - FTC approves IonQ acquisition of SkyWater semiconductor ‍foundry
Aug 3 - China steps up protection for chip designs in revised regulations
 

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.)