Overview

• Semiconductor equipment component maker's Q4 revenue beat analyst expectations

• Adjusted EPS for Q4 beat analyst expectations

• Company reported a GAAP net loss for Q4

Outlook

• Ichor expects Q1 2026 revenue between $240 mln and $260 mln

• Company anticipates improved gross margin performance in fiscal 2026

• Ichor sees upward revenue momentum continuing into second half of 2026

Result Drivers

• REVENUE ABOVE GUIDANCE - Q4 revenue of $223.6 mln exceeded the company's mid-point of guidance, reflecting better-than-expected sales performance

• GROSS MARGIN IMPROVEMENT - Gross margin improved to 9.4% GAAP and 11.7% non-GAAP, aided by restructuring and cost management

• DEMAND OUTLOOK - CEO Phil Barros noted strengthening demand environment for fiscal 2026, with expectations for revenue growth

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the semiconductors peer group is "buy."

• Wall Street's median 12-month price target for Ichor Holdings Ltd is $30.00, about 6.7% below its February 6 closing price of $32.15

• The stock recently traded at 41 times the next 12-month earnings vs. a P/E of 23 three months ago

Press Release: ID:nBw568tzLa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)