Ichor Holdings (ICHR) came out with quarterly earnings of $0.01 per share, beating the Zacks Consensus Estimate of a loss of $0.06 per share. This compares to earnings of $0.08 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +117.64%. A quarter ago, it was expected that this company would post earnings of $0.12 per share when it actually produced earnings of $0.07, delivering a surprise of -41.67%.Over the last four quarters, ...

Financial Data and Key Metrics Changes - Revenue for Q4 2025 was $224 million, above the midpoint of guidance, and fiscal 2025 revenue totaled $948 million, reflecting a 12% year-over-year increase [8][14] - Gross margin for Q4 was 11.7%, which was 70 basis points above the midpoint of guidance [14] - Operating income for Q4 was $2.7 million, with net income per share at $0.01 [15] Business Line Data and Key Metrics Changes - The etch and deposition segments drove the year-over-year revenue growth, while demand in certain trailing edge markets softened [8] - The commercial space business grew significantly in 2025, now representing a notable portion of overall revenues [8] Market Data and Key Metrics Changes - The company is experiencing a sustained demand ramp driven by technology transitions, particularly in gate-all-around architectures and high-bandwidth memory [5] - The outlook for Q1 2026 anticipates revenues between $240 million and $260 million, indicating double-digit growth from Q4 2025 [9][16] Company Strategy and Development Direction - The company aims to increase market share through strategic capacity additions and responsiveness to customer demand [5] - A global footprint realignment is underway, focusing on expanding machining capacity in Mexico and a new manufacturing center in Malaysia [9][10] - The company is transitioning from an integration company to a product company, aiming for Ichor-branded products to support up to 75% of system content by year-end 2026 [11][12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in a strong growth year for 2026, with expectations for sequential growth every quarter [9] - The visibility for demand is solid, particularly for the second half of 2026, with indications that inventory levels at major customers are decreasing [48][60] Other Important Information - The company expects gross profit dollars to grow at twice the rate of revenues as the year progresses, with significant margin improvements anticipated by mid-year [11][16] - The anticipated non-GAAP effective tax rate is expected to be in the range of 20%-25% due to geographic profit distribution [18] Q&A Session Summary Question: Update on Q1 revenue guidance - Management noted that demand has strengthened since the last update, aligning with industry growth forecasts of 15%-20% [20][21] Question: Gross margin expectations - Management indicated that gross margins are expected to improve as production capacity is optimized and additional components are introduced [22][30] Question: Sequential growth expectations - Management expects the first half to be gas panel-heavy, with increased component supply contributing to growth in the second half [30] Question: Malaysia business relocation impact - Management acknowledged that the relocation may present short-term headwinds but emphasized that it is necessary for long-term capacity needs [31][32] Question: Demand visibility for 2027 - Management confirmed solid visibility for the next six months and indicated that customer feedback suggests a positive outlook for 2027 [48][49] Question: Inventory levels at major customers - Management stated that inventory levels are decreasing, indicating a need for replenishment, which aligns with revenue forecasts [58][60] Question: Growth opportunities in commercial space - Management aims to increase the commercial space business from under 5% to 10% of total revenue in the medium term [72]

Ichor (NasdaqGS:ICHR) Q4 2025 Earnings call February 09, 2026 04:30 PM ET Company ParticipantsBrian Chin - DirectorClaire McAdams - Investor RelationsCraig Ellis - Senior Managing Director and Director of ResearchGreg Swyt - CFOKrish Sankar - Managing DirectorPhil Barros - CEOConference Call ParticipantsCharles Shi - AnalystChristian Schwab - AnalystDavid Duley - AnalystEdward Yang - AnalystLinda Umwali - AnalystOperatorGood day, ladies and gentlemen, and welcome to Ichor's fourth quarter and fiscal year 20 ...

Ichor (NasdaqGS:ICHR) Q4 2025 Earnings call February 09, 2026 04:30 PM ET Speaker10Good day, ladies and gentlemen, and welcome to Ichor's fourth quarter and fiscal year 2025 earnings conference call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session, and instructions will be given at that time. If anyone should require operator assistance, please press star zero on your telephone keypad. As a reminder, this call is being recorded. I would now like ...

FREMONT, Calif.--(BUSINESS WIRE)--Ichor Holdings, Ltd. (NASDAQ: ICHR), a leader in the design, engineering, and manufacturing of critical fluid delivery subsystems and components for semiconductor capital equipment, today announced fourth quarter and fiscal year 2025 financial results. Fourth quarter 2025 highlights: Fiscal year 2025 highlights: "With Q4 results favorably aligned with our earlier expectations, our focus now shifts to the strengthening demand environment ahead for fiscal 2026,†commented Phil ...

Core Insights - Artificial intelligence (AI) is identified as the greatest investment opportunity of the current era, with a strong emphasis on the urgent need for energy to support its growth [1][2][3] Group 1: AI and Energy Demand - AI technologies, particularly large language models like ChatGPT, are extremely energy-intensive, with data centers consuming as much energy as small cities [2] - The increasing demand for AI is straining global power grids, leading to rising electricity prices and a need for utilities to expand capacity [2] - Industry leaders, including Sam Altman and Elon Musk, have highlighted the critical link between AI development and energy availability, warning of potential shortages [2] Group 2: Investment Opportunity - A specific company is positioned as a key player in the AI energy sector, owning critical energy infrastructure assets that will benefit from the anticipated surge in energy demand from AI data centers [3][7] - This company is not a chipmaker or cloud platform but is described as a "toll booth" operator in the energy market, profiting from the export of American LNG and the onshoring of manufacturing due to tariffs [5][6] - The company is debt-free and has significant cash reserves, equating to nearly one-third of its market capitalization, making it an attractive investment option [8] Group 3: Market Position and Valuation - The company is involved in large-scale engineering, procurement, and construction projects across various energy sectors, including nuclear energy, which is crucial for America's future power strategy [7] - It is trading at a low valuation of less than 7 times earnings, excluding cash and investments, indicating a potential for significant upside [10] - The company also holds a substantial equity stake in another AI-related venture, providing investors with indirect exposure to multiple growth opportunities in the AI sector [9] Group 4: Future Outlook - The ongoing AI infrastructure supercycle, combined with the onshoring boom and a surge in U.S. LNG exports, positions this company favorably for future growth [14] - The influx of talent into the AI sector ensures continuous innovation, further solidifying the importance of energy infrastructure in supporting this technological advancement [12]

Group 1: Company Overview - Ichor Holdings (NASDAQ: ICHR) is a semiconductor equipment company that has recently seen significant stock price movement, with shares more than doubling in value, gaining approximately 110% since August 2025 [1][2]. Group 2: Stock Performance - On the day of the filings, ICHR shares were priced at $14.54, and as of the latest report, the price has risen to $30.57 [2]. - Despite the recent rally, ICHR shares are still down 6% on a yearly basis, indicating ongoing execution challenges for the company [6]. Group 3: Market Sentiment and Analyst Ratings - The recent momentum in the semiconductor sector is expected to support Ichor's performance, leading to an upgrade by Needham to a 'Buy' rating with a price target of $36 [7]. - The upcoming fourth-quarter 2025 financial results, scheduled for release on February 9, 2026, are anticipated to be crucial for Ichor's future trajectory, especially following a 42% drop in earnings growth and a 13% increase in sales growth in the past quarter [8].

Company Overview - Ichor Holdings (ICHR) shares increased by 6.9% to $27.92 in the last trading session, with a notable trading volume, and have gained 48.8% over the past four weeks, driven by strong demand for etch and deposition applications [1] - The company is expected to report a quarterly loss of $0.06 per share, reflecting a year-over-year decline of 175%, with revenues projected at $220.95 million, down 5.3% from the previous year [2] Earnings Estimates - The consensus EPS estimate for Ichor Holdings has remained unchanged over the last 30 days, indicating that stock price movements may not sustain without trends in earnings estimate revisions [3] - SkyWater Technology, another company in the same industry, has a consensus EPS estimate of -$0.01, representing a 125% decline from the previous year [4] Industry Context - Ichor Holdings operates within the Zacks Electronics - Semiconductors industry, which is currently experiencing strong demand due to investments in advanced technologies [1] - SkyWater Technology has also shown significant performance, closing 4% higher at $30.44 and achieving a 79.4% return in the past month [3]

Ichor Holdings Conference Call Summary Company Overview - **Company**: Ichor Holdings - **Industry**: Semiconductor manufacturing equipment and components - **CEO**: Phil Burrows (newly appointed) - **CFO**: Greg Swyt Key Points and Arguments Company Strategy and Focus Areas - **Cost Transformation**: Aiming to build a more cost-competitive Ichor through consolidation and realignment of global footprint, particularly in Malaysia and Mexico [11][12][13] - **Market Growth**: Anticipates that etch and deposition will outgrow the overall wafer fabrication equipment (WFE) market due to technological advancements [11][15] - **Differentiation**: Transitioning from a manufacturing company to a product and technology company, with a goal of achieving 75% vertical integration by 2026 [12][17][21] - **Vertical Integration**: Currently capable of producing 35% of components internally, targeting 75% by the end of 2026, which is expected to enhance margins [17][19][55] Market Dynamics - **Semiconductor Market Growth**: The semiconductor market is experiencing growth, with a notable trend in memory pricing surging, which is expected to drive equipment purchases [15][40][41] - **Customer Base Expansion**: Non-semiconductor business is growing, with SpaceX identified as the fifth largest customer, indicating diversification beyond traditional semiconductor clients [19][20][80] Financial Performance and Projections - **Gross Margin Strategy**: Aiming for a gross margin of 15% at a $250 million run rate and 20% at a $350 million run rate, with operational execution and cost management as key drivers [29][30][49] - **Q4 Pre-announcement**: Expected to exceed midpoint guidance for Q4, with incremental revenue improvements anticipated [25][33] Operational Challenges and Opportunities - **Inventory Management**: Acknowledgment of inventory challenges faced by customers, particularly in the lithography segment, which is expected to remain flat due to existing inventory positions [42][44][46] - **Customer Demand**: Observing a pull-forward in demand for the second half of the year, indicating potential growth opportunities [33][39] Future Outlook - **Active Process Control**: A strategic vision to become a leader in active process control, leveraging technical capabilities and vertical integration to meet customer needs [66][67] - **Market Share Gains**: Focused on expanding market share within existing customer bases and targeting aerospace and defense sectors for growth [75][76] Additional Important Insights - **Technological Expertise**: Phil Burrows emphasizes the importance of technical expertise in navigating the Angstrom era of semiconductor manufacturing [9][10] - **Customer Relationships**: Strong relationships with major customers, particularly in etch and deposition, are crucial for future growth [41][85] - **Operational Discipline**: Commitment to operational discipline and execution to ensure predictable business outcomes moving forward [78] This summary encapsulates the key insights and strategic directions discussed during the Ichor Holdings conference call, highlighting the company's focus on growth, market dynamics, and operational strategies.

Financial Results - Ichor Holdings, Ltd. announced preliminary financial results for Q4 2025, which are subject to change and not yet audited [7]. - The company has not yet filed its annual report on Form 10-K for the fiscal year 2025, indicating ongoing financial review processes [8]. - Preliminary results are based on management estimates and may materially differ from actual results once finalized [8]. Compliance and Disclosure - The company utilizes its website's "Investors" section for disclosing material non-public information, complying with Regulation FD [10].