NASDAQ$ICHR

Ichor Holdings Ltd · Q2 2023 earnings

Q2 2023 earnings · · Investor relations

Briefing

Ichor's second quarter results were at the upper end of expectations, and the company continues to expect modest improvements in demand as it progresses through the second half of the year.

Ichor Holdings reported second-quarter 2023 financial results with revenues of $185 million, above the mid-point of the guidance range. GAAP EPS was $(0.71) and non-GAAP EPS was $0.02. The company expects revenue to be in the range of $185.0 million to $200.0 million for the third quarter of 2023.

  • Revenues of $185 million, above the mid-point of guidance.
  • GAAP gross margin of 13.9% and non-GAAP gross margin of 14.5%.
  • GAAP EPS of $(0.71) and non-GAAP EPS of $0.02.
  • $27 million of cash flow from operations.

Headline financials

Total Revenue

$185M

Previous: $330M-43.9%
EPS (adj)

$0.02

Previous: $0.98-98.0%
Capital Expenditures

-$10.8M

Previous: -$14.4M+24.8%
Free Cash Flow

-$31.5M

Previous: $7.12M-542.0%
Net Income

-$20.7M

Previous: $21.5M-195.9%
Operating Income

-$2.91M

Previous: $24.8M-111.7%
Gross Profit

$25.7M

Previous: $55.5M-53.6%
Cash & Equivalents

$84.6M

Previous: $46.1M+83.7%
Total Assets

$1B

Previous: $1.07B-5.9%
Stock-Based Comp

$4.28M

Previous: $3.51M+21.9%

Revenue & EPS history

Ichor · Revenue · Quarterly

$185M

Q2 2023-43.9%vs Q2 2022
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Forward guidance

For the third quarter of 2023, Ichor expects revenue to be in the range of $185.0 million to $200.0 million. We expect GAAP diluted EPS to be in the range of $(0.32) to $(0.20) and non-GAAP diluted EPS to be in the range of $0.01 to $0.13.

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 2023

Historical avgQ2 2023

-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