earnings
confidence high
sentiment negative
materiality 0.75
Ichor pre-announces Q4 revenue near guidance high but gross margin and EPS miss; Q1 outlook positive
ICHOR HOLDINGS, LTD.
2024-FY EPS reported
-$0.64
revenue$849,040,000
- Preliminary Q4 revenue ~$233M, at high end of guidance, up >10% sequentially vs Q3 2024.
- GAAP gross margin 11-12% (~12% non-GAAP), below prior guidance due to labor costs, inventory charges, and product mix.
- EPS expected below low end of prior guidance range; no specific EPS figure provided.
- Q1 2025 outlook: revenue $235-250M, gross margin 13-15% (GAAP and non-GAAP), sequential EPS growth.
- CEO states Q1 demand strengthening and expects 2025 revenues to exceed current expectations.