Ichor Holdings Ltd. (ICHR) experienced a sharp after-hours plunge of 8.92%, 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 Q1 2026, despite sales of USD 256.068 million beating the IBES estimate of USD 251.5 million. Profitability metrics were weak, with a gross margin of 12.6% and an operating margin of 0.8%, indicating pressure on earnings. While adjusted EPS of USD 0.15 surpassed the estimate of USD 0.13, the reported net loss appears to have driven negative investor sentiment in the extended session.
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.
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