NASDAQ$ICHR

Ichor Holdings Ltd · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Ichor achieved revenue record, sequential gross margin improvement, and earnings at the upper end of forecast

Ichor Holdings reported strong financial results for the second quarter of 2021, achieving a revenue record and improvements in gross margin and profitability. The company's performance was driven by favorable product mix and progress on cost reduction initiatives.

  • Revenues reached $282 million, a 27% increase year-over-year.
  • GAAP gross margin was 16.8%.
  • GAAP net earnings were $0.79 per diluted share, while non-GAAP net earnings were $0.90 per diluted share.
  • Cash flow from operations was $13 million, and free cash flow was $3 million.

Headline financials

Total Revenue

$282M

Previous: $222M+27.4%
EPS (adj)

$0.90

Previous: $0.54+66.7%
Capital Expenditures

-$15.4M

Previous: -$5.67M-171.3%
Free Cash Flow

$7.5M

Previous: $1.15M+554.1%
Net Income

$22.9M

Previous: $6.81M+235.7%
Operating Income

$25.2M

Previous: $9.3M+171.0%
Gross Profit

$47.4M

Previous: $29.3M+61.8%
Cash & Equivalents

$142M

Previous: $57M+148.8%
Total Assets

$822M

Previous: $599M+37.3%
Stock-Based Comp

$2.68M

Previous: $2.14M+25.2%

Revenue & EPS history

Ichor · Revenue · Quarterly

$282M

Q2 2021+27.4%vs Q2 2020
Beat estimate in 7 of 16 quarters(44%)
ActualEstimate

Forward guidance

For the third quarter of 2021, Ichor expects revenue to be in the range of $290 million to $320 million. GAAP diluted EPS is expected to be in the range of $0.75 to $0.92, and non-GAAP diluted EPS is expected to be in the range of $0.90 to $1.06.

Tailwinds

  • Revenue expected to be in the range of $290 million to $320 million.
  • GAAP diluted EPS expected to be in the range of $0.75 to $0.92.
  • Non-GAAP diluted EPS expected to be in the range of $0.90 to $1.06.

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 Q2 2021

Historical avgQ2 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

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