Ichor Holdings Ltd. (ICHR) experienced a sharp 24-hour plunge of 9.64%, with the decline accelerating in the post-market session following the release of its first quarter 2026 financial results.
The company reported a net loss of USD -2.469 million and a loss per share (EPS) of USD -0.07 for the quarter, which drove negative investor sentiment. Profitability metrics remained under pressure, with a gross margin of 12.6% and an operating margin of 0.8%, despite sales of USD 256.068 million surpassing the IBES estimate of USD 251.5 million.
For the second quarter, Ichor provided an outlook 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 market's reaction suggests disappointment with the core profitability revealed in the Q1 report, overshadowing the sales beat and forward guidance.
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