---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-021083"
form_type: "8-K"
ticker: "ICHR"
cik: "0001652535"
company_name: "ICHOR HOLDINGS, LTD."
filed_at: "2024-05-07T23:59:59+00:00"
generated_at: "2026-06-02T18:51:31.222407+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Ichor Q1 loss widens to $0.30 GAAP EPS; revenue $201M, down 11% YoY

## Summary
- GAAP net loss $9.0M ($0.30 diluted EPS) vs. $5k loss ($0.00) in Q1 2023.
- Revenue $201.4M, down 11% from $225.9M YoY; gross margin fell to 11.4% from 14.7%.
- Non-GAAP diluted EPS loss $0.09, compared to $0.38 positive in Q1 2023.
- Q2 2024 outlook: revenue $190M-$205M; GAAP EPS ($0.22)-($0.10); non-GAAP EPS ($0.03)-$0.09.
- Cash raised $136.7M in March equity offering; total debt reduced by $117M during Q1.

## SEC filing metadata
- accession: 0001628280-24-021083
- form_type: 8-K
- ticker: ICHR
- cik: 0001652535
- company_name: ICHOR HOLDINGS, LTD.
- filed_at: 2024-05-07T23:59:59+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/1652535/000162828024021083/0001628280-24-021083-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1652535/000162828024021083/ichr-20240507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-021083
- JSON: https://secwatch.observer/filing/0001628280-24-021083.json
- Plain text: https://secwatch.observer/filing/0001628280-24-021083.txt

## Key facts
- Earnings Releases
  ICHOR HOLDINGS, LTD. reported second quarter 2024 results: revenue $190 million to $205 million, EPS $(0.22) to $(0.10) GAAP diluted EPS. Guidance initiated.
  - Period: second quarter 2024
  - Revenue: $190 million to $205 million
  - EPS: $(0.22) to $(0.10) GAAP diluted EPS
  - Guidance: initiated
  - Result: guidance update
  source text: For the second quarter of 2024, we expect revenue to be in the range of $190 million to $205 million. We expect GAAP diluted EPS to be in the range of $(0.22) to $(0.10) and non-GAAP diluted EPS to be in the range of $(0.03) to $0.09.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1652535/000162828024021083/0001628280-24-021083-index.htm
- Earnings Releases
  ICHOR HOLDINGS, LTD. reported first quarter 2024 results: revenue $201 million, net income $(8,989), EPS $(0.30).
  - Period: first quarter 2024
  - Revenue: $201 million
  - Net income: $(8,989)
  - EPS: $(0.30)
  - Result: reported results
  source text: fluid delivery subsystems and components for semiconductor capital equipment, today announced first quarter 2024 financial results. First quarter 2024 highlights: • Revenues of $201 million; • Gross margin of 11.4% on a GAAP basis and 12.2% on a non‐GAAP basis; • Earnings per share ("EPS") of $(0.30) on a GAAP basis and $(0.09) on a non-GAAP basis; and • $117
  evidence_url: https://www.sec.gov/Archives/edgar/data/1652535/000162828024021083/0001628280-24-021083-index.htm

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