earnings
confidence high
sentiment positive
materiality 0.70
Ichor Q2 revenue $203M near upper guidance; non-GAAP EPS $0.05; Q3 guidance $195-210M
ICHOR HOLDINGS, LTD.
2024-Q2 EPS reported
-$0.44
revenue$404,610,000
- Revenue $203.2M, near upper end of guidance range; GAAP net loss $5.1M, diluted EPS $(0.15).
- Non-GAAP net income $1.8M, diluted EPS $0.05; gross margin 13.0% non-GAAP, up from 12.2% in Q1.
- Q3 2024 guidance: revenue $195-210M, GAAP EPS $(0.17)-(0.06), non-GAAP EPS $0.05-0.15.
- Free cash flow $15M; cash and cash equivalents $114.3M, up $12.2M from Q1.
- CEO cites signs of demand recovery and expects stronger H2 driven by leading-edge semiconductor investments.