Ichor (US:ICHR) Businesswire·2026-02-09 21:05Core Insights - Ichor Holdings, Ltd. reported fourth quarter and fiscal year 2025 financial results, indicating a favorable alignment with earlier expectations and a positive outlook for fiscal 2026 driven by strengthening customer demand [1][2][3]. Financial Performance Fourth Quarter 2025 Highlights - Revenue for Q4 2025 was $223.6 million, a decrease from $239.3 million in Q3 2025 and $233.3 million in Q4 2024 [2][6]. - The gross margin was 9.4% on a GAAP basis and 11.7% on a non-GAAP basis, compared to 4.6% and 12.1% respectively in Q3 2025 [1][6]. - The net loss for Q4 2025 was $(15.96) million, with a diluted EPS of $(0.46), improving from a net loss of $(22.85) million and diluted EPS of $(0.67) in Q3 2025 [2][6]. Fiscal Year 2025 Highlights - Total revenue for FY 2025 reached $947.7 million, representing an 11.6% increase from $849.0 million in FY 2024 [3][6]. - The net loss for FY 2025 was $(52.8) million, with a diluted EPS of $(1.54), compared to a net loss of $(20.8) million and diluted EPS of $(0.64) in FY 2024 [3][6]. Non-GAAP Financial Results - For Q4 2025, non-GAAP net income was $0.3 million, with a non-GAAP diluted EPS of $0.01, down from $2.3 million and $2.8 million in Q3 2025 and Q4 2024 respectively [4][6]. - For FY 2025, non-GAAP net income was $7.9 million, with a non-GAAP diluted EPS of $0.23, compared to $5.9 million and $0.18 in FY 2024 [4][6]. Cash Flow and Balance Sheet - At the end of Q4 2025, cash and cash equivalents totaled $98.3 million, an increase of $5.8 million from the previous quarter but a decrease of $10.4 million from the prior year [8][9]. - Cash provided by operating activities for Q4 2025 was $9.2 million, driven by net cash from operations despite a net loss of $(15.96) million [10][9]. Outlook for First Quarter 2026 - The company expects Q1 2026 revenue to range from $240 million to $260 million, with GAAP diluted EPS projected between $(0.10) and $0.02, and non-GAAP diluted EPS between $0.08 and $0.16 [5][6].