ICHR

Ichor Holdings reported quarterly earnings of $0.63 per share, beating consensus estimates by 40% and showing strong year-over-year growth from $0.07. However, revenues slightly missed expectations.

The stock has surged 111.1% year-to-date, significantly outperforming the S&P 500's 10.7% gain. With a Zacks Rank #3 (Hold) rating, the stock is expected to perform in line with the market going forward.

Ichor Holdings swung to a $20.9 million GAAP profit in Q3 with 37% revenue growth, but free cash flow deteriorated to negative $39.5 million due to rising inventory and unpaid customer bills. While Q4 guidance projects continued sales growth, GAAP earnings guidance remains flat at $0.55, with profit gains dependent on adjusted figures rather than GAAP metrics.

Ichor Holdings (ICHR) is expected to report Q3 2026 revenues of $315-345 million with 12% sequential growth, driven by strong demand from wafer fabrication equipment customers supported by AI infrastructure investments. The company targets gross margins of 14.5-15.5% through manufacturing realignment and expects proprietary content to reach 30% by Q3-end. However, the stock carries a negative Earnings ESP of -0.55% and Zacks Rank #3, suggesting limited likelihood of an earnings beat.

Qualcomm is expected to report a 28% year-over-year decline in earnings with a -0.51% Earnings ESP and Zacks Rank #4, making it unlikely to beat consensus estimates. Meanwhile, Ichor Holdings is projected to show strong 542.9% EPS growth, but also carries a negative Earnings ESP of -0.55% with a Zacks Rank #3, making earnings beat predictions difficult for both companies.

Ichor Holdings is expected to report Q3 2026 earnings on November 2, with consensus estimates of $0.45 EPS (up 542.9% YoY) and $330.19M in revenue (up 38% YoY). However, the company's Earnings ESP is -0.55%, indicating recent analyst pessimism, making it difficult to predict an earnings beat despite a Zacks Rank #3 (Hold) rating.