Ichor Holdings Slips After Earnings, CEO Transition Plan

Dow Jones
Aug 05, 2025
 

By Josh Beckerman

 

Shares of Ichor Holdings dropped after the company reported quarterly adjusted earnings below its guidance and said its chief executive agreed to a transition plan.

The stock fell 21%, to $15.90, in after-hours trading Monday. It is down about 37% since the start of the year.

Ichor, which provides fluid delivery subsystems and components for semiconductor capital equipment, posted adjusted earnings of 3 cents a share, compared with 5 cents a year earlier and May guidance of 10 cents to 22 cents. Revenue was $240.3 million, up from $203.2 million a year earlier. Guidance was $225 million to $245 million.

The company said it has had a relatively steady customer-demand environment year-to-date and said it expects to continue to outperform the expected growth of the wafer fab equipment industry this year. Ichor expects third-quarter revenue between $225 million and $245 million.

Ichor said it would engage a search firm to find a new chief executive after Jeff Andreson, the company's current chief executive, agreed to a transition plan. Andreson will remain CEO until a successor is named and then serve as executive advisor through August 2026.

 

Write to Josh Beckerman at josh.beckerman@wsj.com

 

(END) Dow Jones Newswires

August 04, 2025 18:31 ET (22:31 GMT)

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