earnings
confidence high
sentiment negative
materiality 0.75
Ichor Q3 preliminary revenue $263M below guidance; Q4 guidance $290M record
ICHOR HOLDINGS, LTD.
2021-Q3 EPS reported
$1.93
revenue$809,729,000
- Q3 revenue approx. $263M, below guidance due to 40% output reduction in Malaysia from COVID-19 EMCO restrictions.
- GAAP diluted EPS $0.63-$0.65; non-GAAP diluted EPS $0.80-$0.82.
- Gross margin 16.6%-16.7% on both GAAP and non-GAAP basis.
- Q4 2021 revenue guidance approx. $290M (+/-$15M), expected to set a new quarterly record.
- Malaysia operations running at full capacity; no change in demand; growth expected into 2022.