secwatch.observer — SEC 8-K summary
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Issuer:     ICHOR HOLDINGS, LTD. (ICHR)
CIK:        0001652535
Form:       8-K
Filed at:   2023-05-09T23:59:59+00:00
Accession:  0001628280-23-016805
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1652535/000162828023016805/0001628280-23-016805-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1652535/000162828023016805/ichr-20230509.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-016805

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