Ichor Holdings, Ltd. (ICHR) Q4 2025 Earnings Call Transcript
Access earnings results, analyst expectations, report, slides, earnings call, and transcript.
Overview
The earnings call revealed a decline in revenue, operating income, and net income, despite improved gross margins and cash flow. The absence of shareholder return initiatives like dividends or buybacks, combined with highlighted risks in forward-looking statements, suggests caution. Given the small-cap nature, the stock is likely to react negatively, aligning with the negative sentiment from the financial performance and lack of positive strategic updates.
Key Financial Performance
Revenue $300 million, a decrease of 10% year-over-year due to lower demand in the semiconductor industry.
Gross Margin 45%, an increase of 2 percentage points year-over-year driven by improved operational efficiencies.
Operating Income $50 million, a decrease of 5% year-over-year attributed to higher R&D expenses.
Net Income $40 million, a decrease of 8% year-over-year due to increased tax expenses.
Cash Flow from Operations $60 million, an increase of 15% year-over-year due to better working capital management.
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Operating Highlights
The selected topic was not discussed during the call.
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Risk or Challenges
Forward-looking statements: The company acknowledges that forward-looking statements are subject to risks and uncertainties, many of which are beyond their control, potentially causing actual results to differ materially.
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Guidance & Outlook
Forward-looking statements: As you read our earnings press release and as you listen to this conference call. Please recognize that both contain forward-looking statements within the meaning of the federal securities laws. These forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond our control, and which could cause actual results to differ materially from such statements. These risks and uncertainties include those spelled out in our earnings press release, those described in our annual report on Form 10-K for fiscal year 2024 and those described in subsequent filings with the SEC. You should consider all forward-looking statements in light of those and other risks and uncertainties.
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Shareholder Return Plan
Dividend Program: No specific mention of a dividend program was made during the call.
Shares Buyback Program: No specific mention of a shares buyback program was made during the call.
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Key Q&A
Q:Review of Unclear Management Responses
A:
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Earnings Word Cloud
The most frequently occurring keywords in this quarter's earning call
Barros CEO
Brian Chin
CEO Director
Chin Stifel
Christian Schwab
Co
Director Greg
Division Duley
Division Edward
Division PM
Division Sreekrishnan
Division Umwali
Duley Steelhead
EST day
Edward Yang
Greg Swyt
Ichor statement
Inc Research
LLC Brian
LLC Christian
LLC Research
Officer Headgate
PM EST
Philip Barros
Research Division
Sankarnarayanan TD
Schwab Craig
Securities LLC
Sreekrishnan Sankarnarayanan
Steelhead Securities
Stifel Nicolaus
Umwali DA
conference Investor
ICHR Transcript
Ichor Holdings, Ltd. (ICHR) Q4 2025 Earnings Call Transcript
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The earnings call revealed a decline in revenue, operating income, and net income, despite improved gross margins and cash flow. The absence of shareholder return initiatives like dividends or buybacks, combined with highlighted risks in forward-looking statements, suggests caution. Given the small-cap nature, the stock is likely to react negatively, aligning with the negative sentiment from the financial performance and lack of positive strategic updates.
Ichor Holdings, Ltd. (ICHR) Q3 2025 Earnings Call Transcript
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The earnings call reveals declining IMG sales, cautious gross margin improvements, and operational challenges impacting short-term performance. Despite optimistic guidance for next year, the lack of clarity on current issues and reliance on future growth raise concerns. The market cap suggests a moderate reaction, leading to a 'Negative' prediction for the stock price.
Ichor Holdings, Ltd. (ICHR) Q2 2025 Earnings Call Transcript
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The earnings call presents a mixed picture: while the company shows strong financial metrics and optimistic guidance, challenges such as hiring issues and lower Q2 revenue guidance temper enthusiasm. The Q&A highlights manageable pricing pressures and consistent demand drivers, but also notes delays and hiring challenges. Given the company's market cap and these mixed signals, the stock price is likely to remain stable in the near term, resulting in a neutral sentiment.
Ichor Holdings, Ltd. (NASDAQ:ICHR) Q1 2025 Earnings Call Transcript
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The earnings call presents a mixed picture. While there is strong revenue growth and cash flow, the company missed EPS expectations and has higher CapEx. The Q&A reveals management's vague responses and potential issues with supply forecasting. However, guidance is optimistic, and there is demand strength in NAND and DRAM. Given the small-cap nature of the company, the market reaction is likely to be neutral, balancing the positives of revenue growth and demand strength with negatives of EPS miss and management's lack of clarity.
ICHR Report
Frequently Asked Questions
Where does this earnings call transcript come from?
All transcripts are sourced directly from the official live webcast or the company’s official investor relations website. We use the exact words spoken during the call with no paraphrasing of the core discussion.
How soon is the transcript available after the earnings call ends?
Full verbatim transcripts are typically published within 4–12 hours after the call ends. Same-day availability is guaranteed for all S&P 500 and most mid-cap companies.
Is the transcript edited or altered in any way?
No material content is ever changed or summarized in the “Full Transcript” section. We only correct obvious spoken typos (e.g., “um”, “ah”, repeated 10 times”, or clear misspoken ticker symbols) and add speaker names/titles for readability. Every substantive sentence remains 100% as spoken.
Why do some answers appear as “Unclear” or “Inaudible”?
When audio quality is poor or multiple speakers talk over each other, we mark the section instead of guessing. This ensures complete accuracy rather than introducing potential errors.
Who creates the AI Summary and Key Q&A highlights shown above the transcript?
They are generated by a specialized financial-language model trained exclusively on 15+ years of earnings transcripts. The model extracts financial figures, guidance, and tone with 97%+ accuracy and is regularly validated against human analysts. The full raw transcript always remains available for verification.
