Filing Flows › Ichor Holdings (ICHR) › Q1 2026
Ichor Holdings (ICHR) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 5, 2026
Ichor Holdings (ICHR) reported revenue of $256M for the first quarter 2026 (Q1 2026), +5% from a year earlier and +15% from the quarter before. Operating margin was 0.8%, net loss $2.5M (1.0% of revenue).
Ichor Holdings, Q1 2026: revenue $256M (+5% year over year), operating margin 0.8%, net loss $2.5M, operating cash flow −$2.9M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $256M | +15% | +5% |
| Operating profit | $2.1M | — | — |
| Net earnings | −$2.5M | — | — |
| Operating cash flow | −$2.9M | -132% | -115% |
What changed
Revenue was $256.1M in Q1 2026, up 5% year over year and up 15% from the previous quarter.
Gross margin was 12.6%, up 0.9 points from Q1 2025. Operating profit was $2.1M, a 0.8% margin (up 1.3 points year over year). Operating expenses grew 2% against revenue growth of 5%. The quarter ended with a net loss of $2.5M, narrower than the previous quarter's $16.0M loss. Net interest and other expense of $2.0M was the main reason.
Operating cash flow was −$2.9M. Non-cash charges added back $7.7M of depreciation and amortization and $3.8M of share-based compensation. Working capital and other items used $11.9M. Capital expenditures of $7.1M exceeded it, leaving free cash flow of −$10.0M.
Questions
What was Ichor Holdings' revenue in the first quarter 2026?
Ichor Holdings (ICHR) reported revenue of $256M for the first quarter 2026 (Q1 2026), +5% from a year earlier and +15% from the quarter before.
Was Ichor Holdings profitable in the first quarter 2026?
Operating profit was $2.1M (0.8% of revenue) and net loss $2.5M.
Source: Ichor Holdings 10-Q on SEC EDGAR.