Ichor (ICHR) Q4 revenue misses expectations as near-term demand weakens

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Go back to Ichor (ICHR) Q4 revenue misses expectations as near-term demand weakens

Ichor Announces Preliminary Results for the Fourth Quarter of 2022

January 10, 2023 4:05 PM EST

Current WFE Demand Environment Reflects Further Curtailment of Near-Term Spending Plans

FREMONT, Calif.--(BUSINESS WIRE)-- Ichor Holdings, Ltd. (NASDAQ: ICHR), a leader in the design, engineering, and manufacturing of critical fluid delivery subsystems for semiconductor capital equipment, today announced preliminary results for the fourth quarter of 2022 and a preliminary revenue outlook for the first quarter of 2023.

For the fourth quarter of 2022, Ichor expects to report:

Revenues of $300 to $302 million, which represents year-over-year growth of approximately 5% and a sequential decline of approximately 15%;... More