Filing Flows › Ichor Holdings (ICHR) › Q2 2026 › vs Q1 2026
Ichor Holdings (ICHR) Q2 2026 vs Q1 2026 (quarter over quarter)
Ichor Holdings's revenue rose $38.7M (+15%) from $256M in Q1 2026 to $295M in Q2 2026. Gross margin 13.9% against 12.6% (+1.3 pts).
Ichor Holdings, Q2 2026: revenue $295M (+23% year over year), operating margin 2.4%, net earnings $998K, operating cash flow −$15.9M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 13.9% | 12.6% | +1.3 pts |
| Operating margin | 2.4% | 0.8% | +1.6 pts |
| Net margin | 0.3% | -1.0% | +1.3 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $295M | $256M | $38.7M | +15% |
| Gross profit | $41.0M | $32.3M | $8.7M | +27% |
| Cost of revenue | $254M | $224M | $30.0M | +13% |
| Operating profit | $7.2M | $2.1M | $5.1M | +245% |
| Operating expenses | $33.8M | $30.2M | $3.6M | +12% |
| Pre-tax earnings | $5.4M | $84K | $5.3M | 64× |
| Other expense, net | $1.8M | $2.0M | −$216K | -11% |
| Research & development | $7.8M | $5.5M | $2.2M | +41% |
| SG&A | $24.1M | $22.6M | $1.5M | +7% |
| Other operating costs | $1.9M | $2.1M | −$167K | -8% |
| Net earnings | $998K | −$2.5M | $3.5M | — |
| Income tax | $4.4M | $2.6M | $1.9M | +73% |
| Operating cash sources | $28.6M | $11.9M | $16.7M | +140% |
| Depreciation & amortization | $7.2M | $7.7M | −$451K | -6% |
| Share-based compensation | $4.5M | $3.8M | $696K | +18% |
| Cash used in operations | $15.9M | $2.9M | $13.0M | +444% |
| Working capital & other | $28.6M | $11.9M | $16.7M | +140% |
Questions
How much did Ichor Holdings's revenue grow quarter over quarter in Q2 2026?
Ichor Holdings's revenue rose $38.7M (+15%) from $256M in Q1 2026 to $295M in Q2 2026. Gross margin 13.9% against 12.6% (+1.3 pts).