Ichor reports record Q3 rev $355.6M but guides Q4 down; cites export restrictions to China

ICHOR HOLDINGS, LTD.

2022-Q3 EPS reported $2.02 revenue$978,349,000

Record revenue $355.6M, up 8% QoQ; GAAP EPS $1.00, non-GAAP EPS $1.22 (record).
Gross margin 17.9% GAAP / 18.0% non-GAAP, up 100bp QoQ; record operating income.
Q4 2022 revenue guidance $315-355M; non-GAAP EPS $0.80-1.04, implying sequential decline.
CEO cites weakening WFE environment due to China export restrictions and memory pull-back.
Cash $56.5M; operating cash flow $19.6M in Q3; capex $8.0M.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ICHOR HOLDINGS, LTD. reported third quarter 2022 results: revenue $355.6 million, net income $29.0 million, EPS $1.00. Guidance initiated.

Period: third quarter 2022
Revenue: $355.6 million
Net income: $29.0 million
EPS: $1.00
Guidance: initiated
Result: reported results

Exact text from the filing

For the third quarter of 2022, revenue was $355.6 million, net income was $29.0 million, and net income per diluted share (“diluted EPS”) was $1.00.

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Source: SEC EDGAR

accession 0001564590-22-037029

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