Ichor Holdings (ICHR) AI Stock Analysis

Company Guidance

For Q4, Ichor anticipates revenues in the range of $345 million to $365 million, representing sequential quarterly growth of 8% at the midpoint and full year 2026 revenue growth of 30%; gross margin is expected to increase sequentially to 16.5%, plus or minus 0.5%, operating expenses are forecast at $26 million, plus or minus $500,000, and EPS guidance is $0.65 to $0.75, assuming total interest and other expenses of $1 million, an estimated effective tax rate of approximately 15% and 38.5 million diluted shares outstanding. Full year 2026 revenue growth is expected to be roughly 30%, with expected second half growth of 24% at the midpoint compared to at least 25% growth above the first half. For fiscal 2027, Ichor expects sequential revenue growth every quarter, continued gross margin expansion with an incremental gross margin model of at least 25%, operating expenses to increase around 15%, total interest and other expenses of about $1 million per quarter, an effective tax rate in a range of 15% to 20%, and capital spending within a target of 3% to 4% of revenue; earnings growth is expected to outpace revenue growth by over 2x, and fiscal 2027 will have 53 weeks compared with 52 weeks in the current fiscal year.