NASDAQ$ICHR

Ichor Holdings Ltd · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Reported record revenues and strong operational execution.

Ichor Holdings reported record revenues of $330 million, up 12% from Q1, and GAAP earnings per share of $0.74 and non-GAAP earnings per share of $0.98.

  • Record revenues of $330 million, at the upper end of guidance and up 12% from Q1.
  • Gross margin of 16.8% on a GAAP basis and 17.0% on a non‑GAAP basis, up 100 bp from Q1.
  • Earnings per share of $0.74 on a GAAP basis and $0.98 on a non-GAAP basis.
  • Customer demand remains strong and continues to outpace industry supply.

Headline financials

Total Revenue

$330M

Previous: $282M+16.7%
EPS (adj)

$0.98

Previous: $0.90+8.9%
Capital Expenditures

-$14.4M

Previous: -$15.4M+6.2%
Free Cash Flow

$7.12M

Previous: $7.5M-5.0%
Net Income

$21.5M

Previous: $22.9M-5.8%
Operating Income

$24.8M

Previous: $25.2M-1.7%
Gross Profit

$55.5M

Previous: $47.4M+17.1%
Cash & Equivalents

$46.1M

Previous: $142M-67.5%
Total Assets

$1.07B

Previous: $822M+29.6%
Stock-Based Comp

$3.51M

Previous: $2.68M+30.9%

Revenue & EPS history

Ichor · Revenue · Quarterly

$330M

Q2 2022+16.7%vs Q2 2021
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Forward guidance

For the third quarter of 2022, Ichor expects revenue to be in the range of $320 million to $360 million. We expect GAAP diluted EPS to be in the range of $0.63 to $0.89 and non-GAAP diluted EPS to be in the range of $0.85 to $1.11.

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 2022

Historical avgQ2 2022

-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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