Ichor Holdings ( (ICHR) ) has released its Q1 earnings. Here is a breakdown of the information Ichor Holdings presented to its investors.
Ichor Holdings, Ltd., headquartered in Fremont, California, specializes in the design, engineering, and manufacturing of critical fluid delivery subsystems and components primarily for semiconductor capital equipment, with additional applications in the defense/aerospace and medical industries.
In its first quarter of 2025, Ichor Holdings reported revenues of $244.5 million, reflecting a continued strong demand environment in the semiconductor sector. However, the company faced challenges with a net loss of $4.6 million on a GAAP basis, translating to a loss per share of $0.13, while non-GAAP results showed a net income of $4.2 million and earnings per share of $0.12.
Key financial metrics for the quarter included a gross margin of 11.7% on a GAAP basis and 12.4% on a non-GAAP basis. The company also noted a slight improvement in operating margins, with non-GAAP operating income reaching $6.6 million. Despite the net loss, Ichor Holdings managed to increase its cash and cash equivalents to $109.3 million, supported by operating activities generating $19.0 million.
Looking ahead, Ichor Holdings anticipates a balanced revenue profile for 2025, with expectations of meaningful gross margin improvements as the year progresses. The company remains cautious due to policy uncertainties but is optimistic about maintaining its growth trajectory in line with industry expectations.
Overall, Ichor Holdings is navigating a complex market environment with strategic focus on integrating internal component supply to enhance manufacturing operations, positioning itself for potential growth in the semiconductor industry.