--- title: "ICHOR | 10-Q: FY2026 Q1 Revenue Beats Estimate at USD 256.07 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/285209968.md" datetime: "2026-05-05T12:48:20.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285209968.md) - [en](https://longbridge.com/en/news/285209968.md) - [zh-HK](https://longbridge.com/zh-HK/news/285209968.md) --- # ICHOR | 10-Q: FY2026 Q1 Revenue Beats Estimate at USD 256.07 M Revenue: As of FY2026 Q1, the actual value is USD 256.07 M, beating the estimate of USD 251.32 M. EPS: As of FY2026 Q1, the actual value is USD -0.07, missing the estimate of USD -0.045. EBIT: As of FY2026 Q1, the actual value is USD 1.762 M. Ichor Holdings, Ltd. operates as a single business operating segment, encompassing all activities related to the design, engineering, and manufacturing of critical fluid delivery subsystems and components for semiconductor capital equipment . #### Segment Revenue Net sales for the three months ended March 27, 2026, increased to $256,068 thousand, up 4.7% from $244,465 thousand for the same period in the prior year, driven by increased customer demand in the semiconductor capital equipment industry . Geographic sales for the three months ended March 27, 2026, were: **Singapore**: $128,838 thousand, up from $109,088 thousand in the prior year . **United States of America**: $69,017 thousand, down from $75,810 thousand in the prior year . **Europe**: $18,489 thousand, down from $25,133 thousand in the prior year . **Other**: $39,724 thousand, up from $34,434 thousand in the prior year . #### Operational Metrics - **Gross Profit**: Increased to $32,258 thousand for the three months ended March 27, 2026, from $28,522 thousand in the prior year, a 13.1% increase . - **Gross Margin**: Improved to 12.6% for the three months ended March 27, 2026, from 11.7% in the prior year . - **Operating Income (Loss)**: Turned positive at $2,085 thousand for the three months ended March 27, 2026, compared to an operating loss of - $1,172 thousand in the prior year . - **Operating Margin**: Improved to 0.8% for the three months ended March 27, 2026, from -0.5% in the prior year . - **Net Loss**: Decreased to - $2,469 thousand for the three months ended March 27, 2026, from - $4,559 thousand in the prior year . - **Research and Development (R&D)**: Decreased to $5,530 thousand for the three months ended March 27, 2026, from $5,874 thousand in the prior year . - **Selling, General, and Administrative (SG&A)**: Increased to $22,565 thousand for the three months ended March 27, 2026, from $21,742 thousand in the prior year . - **Amortization of Intangible Assets**: Remained constant at $2,078 thousand for both periods . - **Interest Expense, Net**: $1,678 thousand for the three months ended March 27, 2026, compared to $1,646 thousand in the prior year . - **Other Expense, Net**: Increased to $323 thousand for the three months ended March 27, 2026, from $81 thousand in the prior year . - **Income Tax Expense**: Increased to $2,553 thousand for the three months ended March 27, 2026, from $1,660 thousand in the prior year . #### Cash Flow - **Net Cash Used in Operating Activities**: - $2,917 thousand for the three months ended March 27, 2026, compared to $18,977 thousand provided by operating activities in the prior year . - **Net Cash Used in Investing Activities**: - $7,065 thousand for the three months ended March 27, 2026, a decrease from - $18,481 thousand in the prior year . - **Net Cash Provided by Financing Activities**: $781 thousand for the three months ended March 27, 2026, compared to $116 thousand in the prior year . - **Cash and Cash Equivalents at Period End**: $89,089 thousand as of March 27, 2026, a decrease from $109,281 thousand in the prior year . #### Unique Metrics and Restructuring Ichor Holdings, Ltd. initiated a Consolidation Restructuring Plan in 2025, which was amended in the fourth quarter of 2025, to align its global operations with customer demand and improve operational efficiencies . The plan involves transitioning manufacturing activities and relocating machining assets to expanded high-volume facilities . **Inventory Impairment**: Total expected costs of $19.8 million were recognized in 2025, with $11.5 million of impaired inventory disposed of in the first quarter of 2026, leaving $8.3 million in remaining impairment costs . **Fixed Asset Charges**: Total expected charges are approximately $5.4 million, with $0.1 million recognized in Q1 2026 and $3.1 million in 2025, with an additional $2.2 million expected . **Operating Right-of-Use (ROU) Asset Impairment**: Total expected charges are approximately $1.8 million, with $0.9 million recognized in 2025, and an additional $0.9 million expected . **Severance Charges**: Total expected charges are approximately $1.7 million, all recognized in 2025, with $0.9 million paid in Q1 2026, leaving $0.1 million in remaining severance charges . **Other Costs**: Total expected costs are approximately $3.2 million, with $0.4 million recognized in Q1 2026 and $1.3 million in 2025, with an additional $1.5 million expected .The plan is expected to be substantially complete by the end of 2026 . #### Future Outlook and Strategy Ichor Holdings, Ltd. continues to benefit from broader growth in the semiconductor equipment industry, with sustained demand from primary customers and served markets . The company is confident in the long-term demand for semiconductors, semiconductor capital equipment, and its products, driven by increasing requirements for expanded manufacturing capacity and advanced process technologies . The company believes its cash and cash equivalents, available credit facilities, and operating cash flow will be sufficient to fund business operations and obligations for at least the next 12 months and beyond . ### Related Stocks - [ICHR.US](https://longbridge.com/en/quote/ICHR.US.md) ## Related News & Research - [Is Ichor’s Return To Positive EPS Guidance Reshaping The Investment Case For Ichor Holdings (ICHR)?](https://longbridge.com/en/news/286601217.md) - [The Home Depot Announces First Quarter Fiscal 2026 Results; Reaffirms Fiscal 2026 Guidance | HD Stock News](https://longbridge.com/en/news/286890512.md) - [Acenta Group delays Q1 interim report release to May 29, 2026](https://longbridge.com/en/news/287031560.md) - [ONWARD Medical to Announce First Quarter 2026 Results on May 26, 2026 | ONWRY Stock News](https://longbridge.com/en/news/286858298.md) - [Correction: NextNRG to Host First Quarter 2026 Financial Results Conference Call on May 18, 2026 at 9:00 a.m. ET | NXXT Stock News](https://longbridge.com/en/news/286673001.md)