Ichor Holdings Ltd. (ICHR) shares plummeted 16.77% during intraday trading on Tuesday, extending significant losses from the pre-market session.
The sharp 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 of USD -0.07. Despite sales of USD 256.068 million beating estimates, 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 revenue guidance between USD 290 million and USD 310 million and adjusted EPS in the range of USD 0.25 to USD 0.35. The intraday sell-off suggests ongoing investor concern over the company's core profitability, overshadowing the sales beat and forward guidance.
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