NASDAQ$ICHR

Ichor Holdings Ltd · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Announced third quarter 2020 financial results, showcasing revenue growth and increased profitability.

Ichor Holdings reported strong third quarter 2020 financial results, with revenues of $227.7 million, a 47% increase year-over-year. The company's GAAP EPS was $0.45, and non-GAAP EPS was $0.62. The company also generated $20.7 million in free cash flow.

  • Revenues increased by 47% year-over-year, reaching $228 million.
  • GAAP net earnings per diluted share was $0.45, and non-GAAP net earnings per diluted share was $0.62.
  • Cash flow from operations was $23.3 million, and free cash flow was $20.7 million.
  • Gross margin was 14.3% on a GAAP basis and 14.6% on a non-GAAP basis.

Headline financials

Total Revenue

$228M

Previous: $154M+47.4%
EPS (adj)

$0.62

Previous: $0.30+106.7%
Capital Expenditures

-$8.29M

Previous: -$8.35M+0.7%
Free Cash Flow

$2.26M

Previous: -$7.43M+130.4%
Net Income

$10.5M

Previous: $923K+1042.8%
Operating Income

$12.5M

Previous: $3.32M+277.2%
Gross Profit

$32.5M

Previous: $20.7M+57.1%
Cash & Equivalents

$78.9M

Previous: $30.2M+161.5%
Total Assets

$605M

Previous: $507M+19.4%
Stock-Based Comp

$2.42M

Previous: $1.79M+34.9%

Revenue & EPS history

Ichor · Revenue · Quarterly

$228M

Q3 2020+47.4%vs Q3 2019
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Forward guidance

For the fourth quarter of 2020, Ichor expects revenue to be in the range of $220 million to $245 million. GAAP diluted EPS is expected to be in the range of $0.38 to $0.59 and non-GAAP diluted EPS to be in the range of $0.59 to $0.77.

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 Q3 2020

Historical avgQ3 2020

-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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