---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-016805"
form_type: "8-K"
ticker: "ICHR"
cik: "0001652535"
company_name: "ICHOR HOLDINGS, LTD."
filed_at: "2023-05-09T23:59:59+00:00"
generated_at: "2026-06-15T09:19:38.532446+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Ichor Q1 revenue $226M; Q2 outlook sharply lower on memory weakness

## Summary
- Revenue $226.0M, down 23% from Q4 2022 and 23% YoY; GAAP diluted EPS $0.00.
- GAAP gross margin 14.7% (non-GAAP 15.5%) vs 16.2% in Q4 and 15.0% YoY.
- Non-GAAP diluted EPS $0.38, down from $0.72 in Q4 and $0.70 YoY.
- Q2 2023 guidance: revenue $170-190M, non-GAAP EPS ($0.08)-$0.08.
- CEO cites memory market weakness and softening leading-edge logic as primary headwinds.

## SEC filing metadata
- accession: 0001628280-23-016805
- form_type: 8-K
- ticker: ICHR
- cik: 0001652535
- company_name: ICHOR HOLDINGS, LTD.
- filed_at: 2023-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1652535/000162828023016805/0001628280-23-016805-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1652535/000162828023016805/ichr-20230509.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-016805
- JSON: https://secwatch.observer/filing/0001628280-23-016805.json
- Plain text: https://secwatch.observer/filing/0001628280-23-016805.txt

## Key facts
- Earnings Releases
  ICHOR HOLDINGS, LTD. reported first quarter 2023 results: revenue $225.9 million, net income net loss of $0.0 million, EPS $0.00.
  - Period: first quarter 2023
  - Revenue: $225.9 million
  - Net income: net loss of $0.0 million
  - EPS: $0.00
  - Result: reported results
  source text: For the first quarter of 2023, revenue was $225.9 million, net loss was $0.0 million, and net loss per basic and diluted share (“diluted EPS”) was $0.00.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1652535/000162828023016805/0001628280-23-016805-index.htm
- Earnings Releases
  ICHOR HOLDINGS, LTD. reported second quarter of 2023 results: revenue $170.0 million to $190.0 million, EPS $(0.01) to $0.00 (GAAP) / $(0.08) to $0.08 (non-GAAP). Guidance initiated.
  - Period: second quarter of 2023
  - Revenue: $170.0 million to $190.0 million
  - EPS: $(0.01) to $0.00 (GAAP) / $(0.08) to $0.08 (non-GAAP)
  - Guidance: initiated
  - Result: guidance update
  source text: For the second quarter of 2023, we expect revenue to be in the range of $170.0 million to $190.0 million. We expect GAAP diluted EPS to be in the range of $(0.01) to $0.00 and non-GAAP diluted EPS to be in the range of $(0.08) to $0.08.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1652535/000162828023016805/0001628280-23-016805-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.