Filing Flows › Ichor Holdings (ICHR) › Q2 2025
Ichor Holdings (ICHR) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 5, 2025
Ichor Holdings (ICHR) reported revenue of $240M for the second quarter 2025 (Q2 2025), +18% from a year earlier and -2% from the quarter before. Operating margin was -2.0%, net loss $9.4M (3.9% of revenue).
Ichor Holdings, Q2 2025: revenue $240M (+18% year over year), operating margin -2.0%, net loss $9.4M, operating cash flow −$7.5M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $240M | -2% | +18% |
| Operating profit | −$4.8M | — | — |
| Net earnings | −$9.4M | — | — |
| Operating cash flow | −$7.5M | -140% | — |
What changed
Revenue was $240.3M in Q2 2025, up 18% year over year and down 2% from the previous quarter.
Gross margin was 11.3%, down 1.3 points from a year earlier. Operating costs exceeded revenue by $4.8M, an operating margin of -2.0%. Operating expenses grew 15% against revenue growth of 18%. The fastest-growing cost line was SG&A (+22%). The quarter ended with a net loss of $9.4M, wider than the previous quarter's $4.6M loss.
Operating cash flow was −$7.5M. Non-cash charges added back $8.0M of depreciation and amortization and $4.2M of share-based compensation. Working capital and other items used $10.3M. Capital expenditures of $7.3M exceeded it, leaving free cash flow of −$14.8M.
Questions
What was Ichor Holdings' revenue in the second quarter 2025?
Ichor Holdings (ICHR) reported revenue of $240M for the second quarter 2025 (Q2 2025), +18% from a year earlier and -2% from the quarter before.
Was Ichor Holdings profitable in the second quarter 2025?
Operating loss was $4.8M (-2.0% of revenue) and net loss $9.4M.
Source: Ichor Holdings 10-Q on SEC EDGAR.