NASDAQ$ICHR
Ichor Holdings Ltd · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Announced third quarter 2024 financial results, exceeding revenue guidance and demonstrating sequential improvements in customer demand and proprietary content.
Ichor Holdings reported Q3 2024 financial results with revenues above the guidance range at $211 million. The company achieved a GAAP EPS of $(0.08) and a non-GAAP EPS of $0.12. They also saw strengthening customer demand and progress in increasing proprietary content.
- Revenues of $211 million, exceeded the guidance range communicated in August.
- GAAP gross margin was 13.2% and non-GAAP gross margin was 13.6%.
- GAAP earnings per share was $(0.08) and non-GAAP earnings per share was $0.12.
- Generated positive free cash flow for the sixth consecutive quarter.
Headline financials
Revenue & EPS history
Ichor · Revenue · Quarterly
$211M
Forward guidance
For the fourth quarter of 2024, Ichor expects revenue to be in the range of $220 million to $235 million. GAAP diluted EPS is expected to be in the range of $0.01 to $0.13 and non-GAAP diluted EPS to be in the range of $0.21 to $0.33.
Tailwinds
- Revenue expected to be between $220 million and $235 million.
- GAAP diluted EPS expected to be between $0.01 and $0.13.
- Non-GAAP diluted EPS expected to be between $0.21 and $0.33.
- Anticipates continued momentum driving top-line results.
- Expects continued execution of gross margin expansion strategies.
Headwinds
- Non-GAAP diluted EPS excludes amortization of intangible assets of approximately $2.2 million.
- Non-GAAP diluted EPS excludes share-based compensation expense of approximately $4.7 million.
- Outlook excludes related income tax effects.
- Faces challenges in the business environment affecting demand.
- Dependent on expenditures by manufacturers and cyclical downturns.
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 2024
-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
| Quarter | Report date | Reaction (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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