Earnings call transcript: Ichor tops profit views in Q3 2026 as stock steadies

Ichor Holdings delivered stronger-than-expected third quarter earnings, with earnings per share of $0.63 exceeding analyst estimates of $0.45. Revenue of $328.7 million fell slightly short of the $330.11 million consensus. Gross margin expanded to 16% and operating margin rose to 8.6%, helping to offset the revenue shortfall. Shares fell 5.3% in regular trading before recovering slightly after hours.

The company attributed the earnings growth to rising demand in advanced semiconductor manufacturing and increased sales of proprietary products. Management projected revenue between $345 million and $365 million for the fourth quarter and expected earnings of $0.65 to $0.75 per share. Analysts maintain an optimistic outlook, with price targets ranging from $80 to $115, indicating significant upside potential.