Ichor Q3 revenue beats expectations, GAAP EPS loss $0.67

Ichor Holdings

03/11/2025 21:30

Overview

Semiconductor equipment supplier Ichor Q3 2025 revenue of $239.3 mln, beating analysts' expectations

Company reports GAAP EPS loss of $0.67 due to market pressures

Company expects Q4 revenue to decline before recovering in 2026

Outlook

Company expects Q4 2025 revenue between $210 mln and $230 mln

Company projects Q4 2025 GAAP diluted EPS between $(0.33) and $(0.17)

Company sees Q4 2025 non-GAAP diluted EPS between $(0.14) and $0.02

Result Drivers

ETCH AND DEPOSITION DEMAND - Increased demand for etch and deposition drove revenue to the upper end of company's expectations, per CEO Jeff Andreson

MARKET SOFTENING - Softening in other served markets pressured gross margin and profitability expectations, according to Ichor

INVENTORY IMPAIRMENT - Inventory impairment costs impacted financial results, as part of restructuring efforts

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
Beat
$239.3 mln
$235.13 mln (7 Analysts)
Q3 EPS
-$0.67
Q3 Net Income
-$22.85 mln
Q3 Gross Margin
4.60%
Q3 Operating Margin
-8.10%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 3 "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 $22.50, about 0.8% below its October 31 closing price of $22.68

The stock recently traded at 25 times the next 12-month earnings vs. a P/E of 17 three months ago

Press Release: ID:nBw2rR9CWa

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