Bank CEOs meet with Trump to discuss Fannie Mae and Freddie Mac - Bloomberg
Investing.com -- Ichor Holdings, Ltd. (NASDAQ:ICHR) saw its shares tumble 12.5% after the semiconductor equipment supplier reported first quarter earnings that fell short of expectations and provided disappointing guidance for the current quarter.
The company posted adjusted earnings per share of $0.12 for Q1 2025, missing analyst estimates of $0.24. Revenue came in at $244.5 million, slightly below the consensus forecast of $244.95 million but up 21.4% YoY.
For the second quarter, Ichor expects revenue between $225 million and $245 million, below Wall Street’s projection of $245.6 million. The company forecasts adjusted EPS of $0.10 to $0.22, also trailing the $0.32 analyst consensus.
CEO Jeff Andreson noted that while overall semiconductor equipment spending remains healthy, "policy uncertainty playing out in Washington is beginning to challenge the clarity of demand visibility through the year, leading us to take a more conservative view for the second quarter."
Despite near-term headwinds, Andreson expressed confidence in Ichor’s full-year outlook, stating: "As we step back and view the year as a whole, at this time we anticipate revenue volumes will be reasonably balanced between the first half and second half – indicating Ichor’s revenue growth profile continues to exceed expectations for overall industry growth in 2025."
The company ended Q1 with $109.3 million in cash and cash equivalents, a slight increase from the end of 2024. Cash provided by operating activities totaled $19 million for the quarter.
Ichor’s gross margin improved slightly to 12.4% on an adjusted basis, up from 12.2% in the year-ago quarter. Management expects "meaningful gross margin improvement" as 2025 progresses.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.