Exhibit 99.1 Ichor Holdings, Ltd. Announces Second Quarter 2024 Financial Results FREMONT, Calif., August 6, 2024–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 second quarter 2024 financial results. Second quarter 2024 highlights: • Revenues of $203 million, near the upper end of our guidance range communicated in May; • Gross margin of 12.6% on a GAAP basis ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 29, 2024 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __ to __ Commission File Number: 001-37961 ___________________________________________________________________________________________________________________ ...

Financial Data and Key Metrics Changes - Q1 2024 revenues were $201 million, consistent with Q4 levels, reflecting stable demand in the wafer fab equipment market [14][18] - Gross margin improved to 12.2%, up 180 basis points sequentially, but fell short of expectations due to product mix and higher costs [14][18] - Cash and equivalents increased by $22 million from Q4 to $102 million, with a free cash flow of roughly neutral after capital expenditures [9][40] - Net interest expense is expected to decline to approximately $9 million for the full year of 2024 [10] Business Line Data and Key Metrics Changes - The gas panel business remains a significant portion of revenue, accounting for about two-thirds of total business [26] - Proprietary products, including next-generation gas panels, are expected to drive margin expansion, with 80% proprietary content compared to 10% previously [37][38] - The IMG business is seeing improved demand forecasts and share gains in aerospace and defense markets [6] Market Data and Key Metrics Changes - The semiconductor market is experiencing a slowdown in EUV gas delivery build rates due to order delays in leading-edge logic [4][36] - Demand for NAND is anticipated to improve significantly in 2025, driven by technology upgrades and increased storage needs for AI applications [71] Company Strategy and Development Direction - The company aims to enhance gross margins through greater integration of proprietary components and cost reduction initiatives [4][6] - Future growth is expected to ramp revenues back towards $250 million to $300 million in 2025, with significant operating leverage as revenues grow [38] - The company is focused on expanding its proprietary content across various business lines, including components and gas panels [17][37] Management's Comments on Operating Environment and Future Outlook - Management noted that visibility into demand remains limited to approximately three months, with expectations for a stronger recovery in 2025 [90] - The current industry demand is stable, with some softness in specific areas like silicon carbide gas panels and EUV system build rates [36][42] - Management remains optimistic about revenue volumes improving in the second half of the year as demand begins to build [90] Other Important Information - An equity offering in March raised net proceeds of $137 million, significantly improving the company's capital structure and reducing interest expenses [5][40] - The company recorded its first revenue from next-generation gas panels during Q1, with ongoing evaluations expected to take about nine months [37] Q&A Session Summary Question: Does the company have exposure to semi equipment OEMs in China? - The company confirmed it does not sell directly to Chinese OEMs and expects China to remain strong in the first half of the year, but potentially slower in the second half [43] Question: What is the impact of inventory normalization on revenue? - Management indicated that they are carrying higher levels of safety stock, which should alleviate the need for OEMs to restock significantly [66] Question: How does the company view the recovery in NAND? - Management believes that the recovery in NAND will be beneficial, with expectations for significant improvement in 2025 as the market rebounds [71] Question: What is the timeline for orders and shipments related to EUV tools? - The company ships about five months before a tool is delivered by ASML, and recent reductions in build plans have affected their order flow [56] Question: What is the outlook for gross margins in the second half of the year? - Management expects to see incremental margin improvements as proprietary products are integrated and efficiencies are realized in production [92]

Ichor Holdings (ICHR) came out with a quarterly loss of $0.09 per share versus the Zacks Consensus Estimate of $0.01. This compares to earnings of $0.38 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -1,000%. A quarter ago, it was expected that this company would post earnings of $0.07 per share when it actually produced a loss of $0.06, delivering a surprise of -185.71%.Over the last four quarters, the company has surpassed ...

Financial Performance - Q1 2024 revenue was $201.4 million, a decrease of 1.1% from Q4 2023 ($203.5 million) and a decrease of 10.8% from Q1 2023 ($225.9 million) [2] - Q1 2024 GAAP gross margin was 11.4%, up from 10.0% in Q4 2023 but down from 14.7% in Q1 2023 [1] - Q1 2024 net loss was $9.0 million, an improvement from a net loss of $11.9 million in Q4 2023 and a net income of $0.0 million in Q1 2023 [2] - Q1 2024 diluted EPS was $(0.30), compared to $(0.40) in Q4 2023 and $0.00 in Q1 2023 [2] - Non-GAAP net loss for Q1 2024 was $(2.7) million, compared to $(1.7) million in Q4 2023 and $11.1 million in Q1 2023 [3] - Operating loss for the three months ended March 29, 2024, was $3.7 million, an improvement from a loss of $8.0 million in the previous quarter [32] - U.S. GAAP net loss for Q1 2024 was $8.989 million, an improvement from a loss of $11.899 million in Q4 2023 [36] - Non-GAAP net loss for Q1 2024 was $2.712 million, compared to a loss of $1.675 million in Q4 2023 and a profit of $11.128 million in Q1 2023 [36] - Non-GAAP operating income for the three months ended March 29, 2024, was $2.4 million, compared to $13.7 million in the same period last year [32] - U.S. GAAP diluted EPS for Q1 2024 was $(0.30), improving from $(0.40) in Q4 2023 [36] - Non-GAAP diluted EPS for Q1 2024 was $(0.09), slightly worse than $(0.06) in Q4 2023 [36] Cash Flow and Liquidity - Cash and cash equivalents at the end of Q1 2024 were $102.1 million, an increase of $22.2 million from the prior year [6] - Cash provided by operating activities in Q1 2024 was $4.8 million, consisting of a net loss of $9.0 million and net non-cash charges of $10.2 million [8] - Net cash provided by operating activities for Q1 2024 was $4.804 million, down from $37.574 million in Q4 2023 [38] - Free cash flow for Q1 2024 was $314 thousand, a significant decrease from $35.317 million in Q4 2023 [38] - Cash and cash equivalents increased to $102.1 million as of March 29, 2024, up from $80.0 million at the end of the previous quarter [27] Debt and Assets - The company reduced total debt outstanding by $117 million at the end of Q1 2024 [3] - Total current assets rose to $421.2 million, compared to $401.4 million in the previous quarter [23] - Total liabilities decreased significantly to $260.2 million from $373.8 million in the previous quarter [23] - The company issued ordinary shares, net of fees, amounting to $136.7 million during the quarter [27] Expenses and Investments - Research and development expenses for the three months ended March 29, 2024, were $5.4 million, slightly down from $5.5 million in the previous quarter [25] - Capital expenditures in Q1 2024 were $4.490 million, compared to $2.257 million in Q4 2023 [38] - Share-based compensation expenses were $2.375 million in Q1 2024, down from $4.672 million in Q4 2023 [36] - The company incurred transaction-related costs of $785 thousand in Q1 2024 related to acquisitions [36] Future Outlook - For Q2 2024, the company expects revenue to be in the range of $190 million to $205 million and GAAP diluted EPS to be between $(0.22) and $(0.10) [4] - The company aims to deepen and expand its penetration of proprietary products in the semiconductor capital equipment market [1] Valuation and Tax - The company recorded a valuation allowance against U.S. federal and state deferred tax assets starting Q1 2024 [37]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. 20549 _____________________________________________________________ FORM 10-K _____________________________________________________________ (Mark One) x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 29, 2023 or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from_______ to _______ Co ...

Ichor Holdings, Ltd. (NASDAQ:ICHR) Q4 2023 Results Conference Call February 6, 2024 4:30 PM ET Company Participants Claire McAdams - IR Jeff Andreson - CEO Greg Swyt - CFO Conference Call Participants Craig Ellis - B. Riley Securities Brian Chin - Stifel Charles Shi - Needham & Company Robert Mertens - TD Cowen & Company David Duley - Steelhead Securities Operator Good day, ladies and gentlemen. Welcome to Ichor Fourth Quarter 2023 Earnings Conference Call [Operator Instructions]. I would now like to turn t ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 29, 2023 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __ to __ Commission File Number: 001-37961 _________________________________________________________________________________________________________________ ...

Financial Data and Key Metrics Changes - In Q3, the company's revenues were $197 million, a 6% increase from Q2, primarily due to a rebound in the core gas delivery business [28][47] - Q3 gross margin was 13.1%, lower than expectations due to additional inventory provisions and a less favorable product mix [28][47] - Operating expenses for Q3 were $21.3 million, a decline from Q2 levels, resulting in an operating margin of 2.2% [28] - Net earnings for the quarter were $0.07 per share, aligning with expectations [28][47] - For Q4, the company anticipates revenues between $190 million and $205 million, with gross margins expected to improve to approximately 14% [29][30] Business Line Data and Key Metrics Changes - The NAND Memory segment has seen spending declines of up to 75%, with memory WFE now representing about 25% of total revenues [24] - The company is experiencing growth in segments like EUV and lithography, with new customer design wins in silicon carbide [24][25] - Proprietary machine components are seeing new qualifications, with initial shipments expected soon [26] Market Data and Key Metrics Changes - The company noted that the semiconductor process equipment market is stabilizing, with expectations for a revenue ramp in the second half of 2024 [49] - The overall industry is expected to recover significantly in 2025, with the company positioned to benefit from this recovery [49] Company Strategy and Development Direction - The company is focusing on share gains for proprietary products and investing in new offerings to support long-term customer technology roadmaps [49] - The new gas panel contains about 75% proprietary content, which could significantly expand the gross margin profile [49] - The company is working on integrating proprietary components into existing gas panels, which will take time as customers deplete existing inventory [26][49] Management's Comments on Operating Environment and Future Outlook - Management indicated that the current demand environment is expected to remain stable, with new technology drivers emerging [48] - The company does not foresee a NAND inflection in the first half of 2024, which may impact revenue growth [43] - Management expressed confidence in achieving a 25% flow-through at similar revenue levels compared to Q2 [54] Other Important Information - Cash and equivalents totaled $76 million at the end of the quarter, with a decrease primarily due to net debt reduction [53] - The company generated $4 million in cash flow from operations, with free cash flow for the quarter at $1.6 million [53] Q&A Session Summary Question: What is the outlook for Ichor's business in 2024? - Management expects revenue levels to remain similar, with potential share gains to offset muted order patterns [58] Question: What drove the inventory reserve increase in Q3? - The increase was due to headwinds in various business units and additional reserves taken for inventory roll-off from prior quarters [59] Question: How does the company benefit from shipments to China? - The company does not sell directly to Chinese OEMs but benefits indirectly through customer shipments [6] Question: What is the status of the silicon carbide market? - The company has one customer in the silicon carbide space, with expectations for market growth [80] Question: What is the timeline for new gas panel evaluations? - Initial evaluations are expected to lead to production tool rollouts in late 2024 and 2025 [83]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __ to __ Commission File Number: 001-37961 ______________________________________________________________________________________________________________________ ...