Ichor Holdings, Ltd. (NASDAQ: ICHR) announced its financial results for the third quarter of 2026 on November 2, 2026. The company reported revenue of $328.7 million, representing a 12% increase compared to the second quarter of 2026 and a 37% increase compared to the third quarter of 2025.
On a GAAP basis, the company recorded a net income of $20.9 million and diluted earnings per share (EPS) of $0.55. Non-GAAP diluted EPS was reported at $0.63. Gross margin was 15.8% on a GAAP basis and 16.0% on a non-GAAP basis.
CEO Phil Barros stated that the company is executing a steep revenue ramp, with third-quarter revenues up nearly 50% from the fourth quarter of 2025. The company noted that customer demand remains robust with visibility extending well into 2027.
For the fourth quarter of 2026, Ichor provided a financial outlook. The company expects revenue between $345 million and $365 million. GAAP diluted EPS is expected to range from $0.50 to $0.60, while non-GAAP diluted EPS is expected to range from $0.65 to $0.75.
Regarding its balance sheet, the company ended the third quarter with cash and cash equivalents of $213.5 million. This figure represents a decrease of $43.0 million from the prior quarter but an increase of $115.2 million compared to the prior year.
