Ichor (NASDAQ:ICHR) Issues Earnings Results

Ichor (NASDAQ:ICHR) posted its quarterly earnings results on Monday. The technology company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.45 by $0.18, FiscalAI reports. The company had revenue of $328.70 million during the quarter, compared to analysts’ expectations of $330.15 million. Ichor had a return on equity of 3.73% and a net margin of 0.32%. The firm’s revenue was up 37.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.07 EPS.

Here are the key takeaways from Ichor’s conference call:

• Q3 results exceeded expectations, with revenue of $328.7 million, up 12% sequentially and 37% year over year, while gross margin expanded 190 basis points to 16% and EPS reached $0.63.
• Management guided to Q4 revenue of $345 million–$365 million, gross margin of approximately 16.5%, and EPS of $0.65–$0.75; it expects full-year 2026 revenue growth of roughly 30% and earnings growth to outpace revenue growth.
• Higher-margin proprietary components are becoming a larger part of the business, with internal content expected to reach about 35% by the end of Q4 and external component sales growing 250% from Q1 to Q4, supporting further margin expansion.
• Strong demand continues to be limited by supply-chain bottlenecks, particularly for mass flow controllers and other components used in advanced etch and deposition applications; these constraints are incorporated into guidance but may restrict near-term revenue.
• Ichor is expanding Malaysia and Mexico capacity, clean-room space, machining, welding, and manufacturing headcount to support demand through 2027, when management expects sequential revenue growth every quarter and earnings growth to exceed revenue growth by more than two times.

Ichor Trading Down 0.8%

Shares of ICHR opened at $36.53 on Wednesday. Ichor has a 12 month low of $14.06 and a 12 month high of $113.58. The stock’s 50-day moving average is $52.20 and its two-hundred day moving average is $60.57. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.70 and a quick ratio of 2.07. The stock has a market cap of $1.37 billion, a PE ratio of 730.75 and a beta of 1.88.

Ichor News Roundup

Here are the key news stories impacting Ichor this week:

• Positive Sentiment: Third-quarter EPS of $0.63 topped the $0.45 consensus estimate, while revenue rose 37% year over year to $328.7 million. Gross margin expanded to 16%, supported by proprietary component sales and efficiency gains. Ichor Q3 2026 Financial Results
• Positive Sentiment: Fourth-quarter EPS guidance of $0.65–$0.75 is above the $0.60 consensus estimate. Q3 Earnings Call Highlights
• Negative Sentiment: Analysts lowered their price targets after the results: TD Cowen cut its target from $100 to $55, and B. Riley reduced its target from $85 to $70. Both firms kept Buy ratings, but the reductions may signal more cautious expectations. Analysts Slash Their Forecasts
• Negative Sentiment: Fourth-quarter revenue guidance of $345 million–$365 million has a midpoint below the $364.4 million consensus, and the company said supply shortages persist. Third-quarter revenue also narrowly missed estimates. Q3 Earnings Call Highlights

Analysts Set New Price Targets

ICHR has been the topic of several recent analyst reports. Oppenheimer increased their price objective on shares of Ichor from $60.00 to $80.00 and gave the stock a “market perform” rating in a report on Tuesday, August 4th. Stifel Nicolaus lowered their target price on shares of Ichor from $115.00 to $93.00 and set a “buy” rating for the company in a report on Tuesday. Freedom Broker started coverage on shares of Ichor in a report on Friday, October 9th. They issued a “buy” rating and a $82.00 target price for the company. DA Davidson raised shares of Ichor to a “strong-buy” rating in a research report on Monday, October 5th. Finally, Needham & Company LLC cut their price target on shares of Ichor from $88.00 to $55.00 and set a “buy” rating on the stock in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $70.89.

Insider Buying and Selling

In related news, COO Bruce Ragsdale sold 2,149 shares of the business’s stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of $65.47, for a total transaction of $140,695.03. Following the transaction, the chief operating officer directly owned 88,595 shares of the company’s stock, valued at approximately $5,800,314.65. The trade was a 2.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Greg Swyt sold 689 shares of the business’s stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of $65.01, for a total value of $44,791.89. Following the transaction, the chief financial officer directly owned 47,143 shares in the company, valued at $3,064,766.43. This trade represents a 1.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 46,740 shares of company stock worth $2,602,960 in the last ninety days. 1.70% of the stock is owned by corporate insiders.

Ichor Company Profile

Ichor Holdings, Ltd. (NASDAQ: ICHR) is a supplier to the semiconductor equipment industry. The company designs, engineers and manufactures critical fluid-delivery subsystems used in semiconductor fabrication equipment, including systems that deliver and control gases and chemicals during the wafer-manufacturing process.

Ichor’s products and services include gas and chemical delivery systems, precision-machined components, weldments, fluid-management assemblies and related engineering and manufacturing services.