NASDAQ$ICHR

Ichor Holdings Ltd · Q4 2024 earnings

Q4 2024 earnings · · After market close · Investor relations

Briefing

Reported strengthening customer demand with sequential revenue growth and expected continued growth.

Ichor Holdings reported Q4 2024 revenues of $233 million, at the upper end of their guidance range. GAAP EPS was $(0.12) and non-GAAP EPS was $0.08. The company expects continued revenue growth in Q1 2025 and significant gross margin improvement.

  • Revenues reached $233 million, hitting the high end of the guidance.
  • GAAP gross margin was 11.6%, while non-GAAP gross margin was 12.0%.
  • GAAP EPS was $(0.12), and non-GAAP EPS was $0.08.
  • Customer demand is strengthening, expecting another quarter of growth for Q1.

Headline financials

Total Revenue

$233M

Previous: $203M+14.7%
EPS (adj)

$0.08

Previous: -$0.06+233.3%
GAAP Gross Margin

11.6%

No prior period
Non-GAAP Gross Margin

12.0%

No prior period
GAAP Operating Margin

-0.5%

No prior period
Non-GAAP Operating Margin

2.4%

No prior period
Capital Expenditures

-$4.4M

Previous: -$2.26M-94.9%
Net Income

-$3.94M

Previous: -$11.9M+66.9%
Operating Income

-$1.25M

Previous: -$7.96M+84.3%
Gross Profit

$27M

Previous: $20.3M+32.7%
R&D Expense

$5.85M

Previous: $5.53M+5.7%

Revenue & EPS history

Ichor · Revenue · Quarterly

$233M

Q4 2024+14.7%vs Q4 2023
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Forward guidance

For the first quarter of 2025, Ichor Holdings expects revenue between $235 million and $255 million, GAAP diluted EPS between $0.04 and $0.16, and non-GAAP diluted EPS between $0.20 and $0.32.

Tailwinds

  • Revenue is expected to be between $235 million and $255 million.
  • GAAP diluted EPS is expected to be between $0.04 and $0.16.
  • Non-GAAP diluted EPS is expected to be between $0.20 and $0.32.

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 Q4 2024

Historical avgQ4 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

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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