Ichor Holdings is expected to report consensus revenue of $300.2 million and non-GAAP EPS of $0.31, with its current price of $75.27 trading below the average analyst target of $92.29.
Investors are primarily focused on the recovery of the semiconductor wafer fab equipment (WFE) market and the resulting demand for Ichor’s gas delivery subsystems.
After a massive year-to-date stock rally, the market is looking for evidence of sustainable margin expansion and a clear path toward positive GAAP profitability. Analysts will also evaluate the company's progress on its long-term revenue targets following a recent $200 million equity raise.