Ichor posts FY 2025 net sales of USD 947.65 million (+11.6%)

Reuters
Yesterday
Ichor posts FY 2025 net sales of USD 947.65 million (+11.6%)

Ichor said FY 2025 net sales rose to USD 947.65 million (up 11.6%), reflecting increased customer demand tied to higher spending in the semiconductor capital equipment industry. FY 2025 gross margin was 9.3%, with an operating margin of (4.1)%. The company reported a FY 2025 net loss of USD 52.78 million and diluted EPS of USD (1.54); on a non-GAAP basis, net income was USD 7.92 million and diluted EPS was USD 0.23, with non-GAAP gross margin of 12.2% and non-GAAP operating margin of 2.2%. In business updates, Ichor said it initiated a geographic footprint rationalization and restructuring plan in 2025 to align operations with customer demand and improve efficiency, including transitioning certain manufacturing activities and relocating machining assets to expanded high-volume facilities, while closing facilities in Scotland and Korea; it incurred approximately USD 35 million in restructuring, exit, severance, and related asset impairment charges. The company also highlighted ongoing uncertainty around reciprocal tariffs, the USMCA joint review scheduled for July 2026, and expanding U.S. export controls, noting tariffs had so far led to modest material cost increases without a material adverse impact on overall demand or cost structure. Cash and cash equivalents were USD 98.3 million at FY 2025 year-end, and cash provided by operating activities was USD 29.89 million.

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