secwatch.observer — SEC 8-K summary
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Issuer:     ICHOR HOLDINGS, LTD. (ICHR)
CIK:        0001652535
Form:       8-K
Filed at:   2022-05-10T23:59:59+00:00
Accession:  0001564590-22-019265
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ichor Q1 revenue $293M (+11% YoY) but GAAP EPS falls to $0.28 from $0.51 QoQ; cash used $36M
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- Revenue $293.1M (+11% YoY, +2% QoQ); GAAP net income $8.0M ($0.28 diluted EPS).
- Non-GAAP diluted EPS $0.70, down from $0.90 in Q4 2021 and $0.76 in Q1 2021.
- Gross margin 15% GAAP / 16% non-GAAP, pressured by labor hiring and freight costs.
- Cash flow: $36.3M used in operations; inventories rose $27.7M to support demand.
- Q2 outlook: revenue $290M-$330M, non-GAAP EPS $0.68-$0.94.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1652535/000156459022019265/0001564590-22-019265-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1652535/000156459022019265/ichr-8k_20220510.htm
  HTML page:      https://secwatch.observer/filing/0001564590-22-019265

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer