Ichor Holdings Ltd. (ICHR) experienced a sharp pre-market plunge of 11.59% on Tuesday, extending losses from the previous trading session.
The decline follows the company's release of its first quarter 2026 financial results, which revealed a net loss of USD -2.469 million and a loss per share (EPS) of USD -0.07. Despite sales of USD 256.068 million beating the IBES estimate of USD 251.5 million, investors reacted negatively to weak profitability metrics, including a gross margin of 12.6% and an operating margin of 0.8%.
For the second quarter, Ichor provided guidance for revenue between USD 290 million and USD 310 million and adjusted EPS in the range of USD 0.25 to USD 0.35. The pre-market sell-off suggests ongoing investor concern over the company's core profitability, overshadowing the sales beat and forward guidance.
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