Filing Flows › Ichor Holdings (ICHR) › Q2 2026
Ichor Holdings (ICHR) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 4, 2026
Ichor Holdings (ICHR) reported revenue of $295M for the second quarter 2026 (Q2 2026), +23% from a year earlier and +15% from the quarter before. Operating margin was 2.4%, net earnings $998K (0.3% of revenue).
Ichor Holdings, Q2 2026: revenue $295M (+23% year over year), operating margin 2.4%, net earnings $998K, operating cash flow −$15.9M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $295M | +15% | +23% |
| Gross profit | $41.0M | +27% | +51% |
| Operating profit | $7.2M | +245% | — |
| Net earnings | $998K | — | — |
| Operating cash flow | −$15.9M | — | — |
What changed
Revenue was $294.8M in Q2 2026, up 23% year over year and up 15% from the previous quarter.
Gross margin was 13.9%, up 2.6 points from Q2 2025. Operating profit was $7.2M, a 2.4% margin (up 4.5 points year over year). Operating expenses grew 5% against revenue growth of 23%. The fastest-growing cost line was Research & development (+36%). Net earnings were $1.0M. The effective tax rate was 81.6%.
Operating cash flow was −$15.9M. Non-cash charges added back $7.2M of depreciation and amortization and $4.5M of share-based compensation. Working capital and other items used $28.6M. Capital expenditures of $7.8M exceeded it, leaving free cash flow of −$23.6M.
Questions
What was Ichor Holdings' revenue in the second quarter 2026?
Ichor Holdings (ICHR) reported revenue of $295M for the second quarter 2026 (Q2 2026), +23% from a year earlier and +15% from the quarter before.
Was Ichor Holdings profitable in the second quarter 2026?
Operating profit was $7.2M (2.4% of revenue) and net earnings $998K.
Source: Ichor Holdings 10-Q on SEC EDGAR.