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
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Sales | Beat | $223.61 mln | $220.84 mln (7 Analysts) |
Q4 Adjusted EPS | Beat | -$0.01 | -$0.06 (7 Analysts) |
Q4 EPS | -$0.46 | ||
Q4 Net Income | -$15.96 mln | ||
Q4 Gross Margin | 9.40% | ||
Q4 Operating Margin | -6.20% |
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.)