NASDAQ$ICHR

Ichor Holdings Ltd · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Reported record revenues and strong profitability.

Ichor Holdings, Ltd. announced record first-quarter 2021 financial results, with revenues at the high end of expectations and an increase of 8% over the previous quarter. The company demonstrated strong execution in a challenging environment. Visibility through the end of 2021 indicates a stronger Q2 compared to Q1, a stronger second half compared to the first half, and continued incremental improvements to profitability.

  • Revenues of $265 million, up 20% year-over-year and the eighth consecutive quarter of revenue growth
  • Gross margin of 14.9% on a GAAP basis and 16.1% on a non-GAAP basis
  • Net earnings of $0.51 per diluted share on a GAAP basis and $0.76 on a non-GAAP basis
  • Cash flow from operations of $26 million and free cash flow of $20 million

Headline financials

Total Revenue

$265M

Previous: $220M+20.2%
EPS (adj)

$0.76

Previous: $0.52+46.2%
Capital Expenditures

-$5.4M

Previous: -$2.47M-118.6%
Free Cash Flow

$9.24M

Previous: $929K+894.4%
Net Income

$14.6M

Previous: $3.4M+330.7%
Operating Income

$18.3M

Previous: $5.5M+231.9%
Gross Profit

$39.5M

Previous: $28.8M+37.3%
Cash & Equivalents

$243M

Previous: $41.6M+484.2%
Total Assets

$782M

Previous: $564M+38.7%
Stock-Based Comp

$2.42M

Previous: $2.87M-15.7%

Revenue & EPS history

Ichor · Revenue · Quarterly

$265M

Q1 2021+20.2%vs Q1 2020
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Forward guidance

For the second quarter of 2021, Ichor expects revenue to be in the range of $270 million to $300 million. We expect GAAP diluted EPS to be in the range of $0.59 to $0.76 and non-GAAP diluted EPS to be in the range of $0.77 to $0.93.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

-1.8%

Avg return

Earnings day

+0.2%

Avg return

5 days after

+0.4%

Avg return

30 days after

43%

17 / 40 earnings

Positive

+32.7%

Q4 2025

Best reaction

-31.3%

Q3 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-2.9%+7.0%+2.0%
Q4 2025+32.7%+37.1%+22.1%
Q3 2025-31.3%-34.7%-24.1%
Q1 2025-23.1%-18.5%-15.7%
Q4 2024+14.4%+20.7%+3.7%
Q3 2024+15.2%+23.1%+27.9%
Q2 2024+2.9%+2.6%+1.0%
Q1 2024-3.7%-3.2%-3.8%
Q4 2023+3.1%+13.7%+16.7%
Q3 2023-13.0%-8.9%-2.5%
Q2 2023-5.2%-7.6%-11.2%
Q1 2023-7.7%-3.8%+22.0%
Q4 2022+4.5%-0.9%-12.4%
Q3 2022-0.0%+13.7%+15.5%
Q2 2022+3.4%+12.0%-11.3%
Q1 2022-15.5%-5.0%-2.9%
Q4 2021+0.9%-5.7%-15.9%
Q3 2021-0.1%+2.1%+0.2%
Q2 2021-8.5%-8.2%-7.7%
Q1 2021-3.8%-2.6%-3.5%
Q4 2020+4.4%+7.5%+8.3%
Q3 2020+7.2%+16.9%+47.7%
Q2 2020+0.4%-7.8%-18.6%
Q1 2020-1.9%+2.1%+7.9%
Q4 2019-3.6%-2.9%-19.8%
Q3 2019+1.7%+1.3%-0.1%
Q2 2019-1.6%-3.1%+4.4%
Q1 2019-8.2%-8.4%-15.8%
Q4 2018-1.4%+1.3%-9.7%
Q3 2018-17.6%-17.8%-10.7%
Q2 2018+7.7%+2.4%+0.1%
Q1 2018+10.3%+9.3%+1.8%
Q4 2015-8.5%-6.9%-13.2%
Q4 2017-21.2%-16.8%+3.8%
Q3 2016-2.0%+0.5%-15.3%
Q3 2017-8.1%-9.9%-19.2%
Q2 2016+8.7%+9.9%+25.2%
Q2 2017+0.9%+2.7%+17.2%
Q1 2017-3.8%-5.0%+17.6%
Q4 2016+3.0%+1.5%+4.6%
Q1 2016
Q3 2015
Q2 2015
Q1 2015
Q4 2014
Q3 2014
Q2 2014
Q1 2014

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro