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For the third quarter of 2026, Ichor expects revenues between $315 million and $345 million. The midpoint implies sequential growth of 12% and year-over-year growth of 38%. The Zacks Consensus Estimate for second-quarter revenues is pegged at $300.2 million, suggesting a year-over-year increase of 38%.
For the third quarter of 2026, Ichor expects non-GAAP earnings to be in the range of 40-50 cents per share. The Zacks Consensus Estimate for ICHR’s second-quarter 2026 earnings is pegged at 45 cents per share, implying a significant year-over-year increase of 542.9%. ICHR reported earnings of 7 cents per share in the year-ago quarter.
ICHR’s earnings surpassed the Zacks Consensus Estimate in three of the trailing four quarters while missing once, the average surprise being 25.02%.
Let’s see how things have shaped up for this announcement.
Key Factors to Note for Ichor Holdings' Q3 Earnings
Ichor Holdings' third-quarter performance is expected to have benefited from strong demand from wafer fabrication equipment customers, supported by rising investments in AI infrastructure and advanced semiconductor manufacturing. The company also expects second-half 2026 revenue volumes to be at least 25% higher than the first half, supported by demand for advanced etch and deposition equipment.
The company is expected to have benefited from increasing adoption of gate-all-around architectures, advanced memory and leading-edge process technologies, which require more complex semiconductor manufacturing processes. Rising investments in AI infrastructure are supporting demand for etch and deposition equipment, which, in turn, is expected to have driven demand for Ichor's fluid delivery systems and related components.
Ichor's ongoing manufacturing footprint realignment is expected to have supported gross margin improvement in the third quarter of 2026. The company has qualified additional manufacturing operations in Malaysia, including machining and welding, for its major customers. These initiatives are expected to have increased internal production, reduced reliance on external suppliers and improved product margins. Management expects gross margin to increase by another 100 basis points in each of the remaining two quarters of 2026, with third-quarter gross margin guided to 14.5%-15.5%.
The company is also making progress in expanding its proprietary Ichor-branded content within the systems it builds. After ending the second quarter at around 25%, management expects proprietary content to reach approximately 30% by the end of the third quarter and 35% by the end of 2026. Increasing proprietary content is expected to have supported better product margins and contributed to the company's margin improvement plans.
What Our Model Says About ICHR
Our proven model does not conclusively predict an earnings beat for ICHR this season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. However, that’s not the case here.
ICHR has an Earnings ESP of -0.55% and carries a Zacks Rank #3 at present. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks With Favorable Combination
Here are some stocks worth considering, as our model shows that these have the right combination of elements to beat on earnings this reporting cycle.
AMETEK is slated to report third-quarter 2026 results on Nov. 3. The Zacks Consensus Estimate for AMETEK’s third-quarter 2026 earnings is pegged at $2.12 per share, up by a penny over the past 30 days, indicating a rise of 12.2% from the year-ago quarter’s reported figure.
Shopify (SHOP - Free Report) has an Earnings ESP of +10.11% and sports a Zacks Rank #1 at present.
Shopify is set to report third-quarter 2026 results on Dec. 3. The Zacks Consensus Estimate for Shopify’s third-quarter 2026 earnings is pegged at 45 cents per share, up by a penny over the past 30 days, indicating a rise of 32.4% from the year-ago quarter’s reported figure.
Microchip Technology (MCHP - Free Report) has an Earnings ESP of +1.56% and carries a Zacks Rank #2 at present.
Microchip Technology is set to report second-quarter fiscal 2027 results on Nov. 5. The Zacks Consensus Estimate for Microchip Technology’s second-quarter fiscal 2027 earnings is pegged at 94 cents per share, up by a penny over the past 30 days, indicating a rise of 168.6% from the year-ago quarter’s reported figure.
View the Zacks #1 Rank List
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ICHR Set to Report Q3 Earnings: What's in Store for the Stock?
Key Takeaways
Ichor Holdings, Ltd. (ICHR - Free Report) is scheduled to report its third-quarter 2026 results on Nov. 2, 2026.
For the third quarter of 2026, Ichor expects revenues between $315 million and $345 million. The midpoint implies sequential growth of 12% and year-over-year growth of 38%. The Zacks Consensus Estimate for second-quarter revenues is pegged at $300.2 million, suggesting a year-over-year increase of 38%.
For the third quarter of 2026, Ichor expects non-GAAP earnings to be in the range of 40-50 cents per share. The Zacks Consensus Estimate for ICHR’s second-quarter 2026 earnings is pegged at 45 cents per share, implying a significant year-over-year increase of 542.9%. ICHR reported earnings of 7 cents per share in the year-ago quarter.
ICHR’s earnings surpassed the Zacks Consensus Estimate in three of the trailing four quarters while missing once, the average surprise being 25.02%.
Ichor Holdings, Ltd. Price and EPS Surprise
Ichor Holdings, Ltd. price-eps-surprise | Ichor Holdings, Ltd. Quote
Let’s see how things have shaped up for this announcement.
Key Factors to Note for Ichor Holdings' Q3 Earnings
Ichor Holdings' third-quarter performance is expected to have benefited from strong demand from wafer fabrication equipment customers, supported by rising investments in AI infrastructure and advanced semiconductor manufacturing. The company also expects second-half 2026 revenue volumes to be at least 25% higher than the first half, supported by demand for advanced etch and deposition equipment.
The company is expected to have benefited from increasing adoption of gate-all-around architectures, advanced memory and leading-edge process technologies, which require more complex semiconductor manufacturing processes. Rising investments in AI infrastructure are supporting demand for etch and deposition equipment, which, in turn, is expected to have driven demand for Ichor's fluid delivery systems and related components.
Ichor's ongoing manufacturing footprint realignment is expected to have supported gross margin improvement in the third quarter of 2026. The company has qualified additional manufacturing operations in Malaysia, including machining and welding, for its major customers. These initiatives are expected to have increased internal production, reduced reliance on external suppliers and improved product margins. Management expects gross margin to increase by another 100 basis points in each of the remaining two quarters of 2026, with third-quarter gross margin guided to 14.5%-15.5%.
The company is also making progress in expanding its proprietary Ichor-branded content within the systems it builds. After ending the second quarter at around 25%, management expects proprietary content to reach approximately 30% by the end of the third quarter and 35% by the end of 2026. Increasing proprietary content is expected to have supported better product margins and contributed to the company's margin improvement plans.
What Our Model Says About ICHR
Our proven model does not conclusively predict an earnings beat for ICHR this season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. However, that’s not the case here.
ICHR has an Earnings ESP of -0.55% and carries a Zacks Rank #3 at present. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks With Favorable Combination
Here are some stocks worth considering, as our model shows that these have the right combination of elements to beat on earnings this reporting cycle.
AMETEK (AME - Free Report) has an Earnings ESP of +0.37% and sports a Zacks Rank #1 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
AMETEK is slated to report third-quarter 2026 results on Nov. 3. The Zacks Consensus Estimate for AMETEK’s third-quarter 2026 earnings is pegged at $2.12 per share, up by a penny over the past 30 days, indicating a rise of 12.2% from the year-ago quarter’s reported figure.
Shopify (SHOP - Free Report) has an Earnings ESP of +10.11% and sports a Zacks Rank #1 at present.
Shopify is set to report third-quarter 2026 results on Dec. 3. The Zacks Consensus Estimate for Shopify’s third-quarter 2026 earnings is pegged at 45 cents per share, up by a penny over the past 30 days, indicating a rise of 32.4% from the year-ago quarter’s reported figure.
Microchip Technology (MCHP - Free Report) has an Earnings ESP of +1.56% and carries a Zacks Rank #2 at present.
Microchip Technology is set to report second-quarter fiscal 2027 results on Nov. 5. The Zacks Consensus Estimate for Microchip Technology’s second-quarter fiscal 2027 earnings is pegged at 94 cents per share, up by a penny over the past 30 days, indicating a rise of 168.6% from the year-ago quarter’s reported figure.