Ichor Holdings reported second quarter revenue of $294.8 million, a 24% increase year-over-year, which slightly missed analyst expectations. However, the company delivered non-GAAP EPS of $0.34, beating the consensus estimate of $0.31. Management provided strong guidance for the third quarter, signaling continued sequential growth amid a strengthening demand environment.
Key Highlights
- Second quarter revenue grew 24% year-over-year to $294.8 million, narrowly missing the $300.2 million consensus estimate.
- Non-GAAP diluted EPS was $0.34, exceeding analyst expectations of $0.31 and up from a loss of $0.01 in the prior-year period.
- The company guides for third quarter revenue between $315 million and $345 million, with a midpoint of $330 million, suggesting robust sequential growth.
- Ichor strengthened its balance sheet by completing a $200 million at-the-market equity offering, ending the quarter with $256.5 million in cash and cash equivalents.