Ichor Holdings, Ltd. filed a report stating that it has released a press release with certain preliminary, unaudited financial results for the fourth quarter of 2025. These figures reflect management’s current estimates and are still subject to completion of year-end financial and accounting procedures and audit work, so they may change before final numbers are issued.
The company emphasized that these preliminary results are forward-looking statements and should not be viewed as a substitute for the audited results that will appear in its Form 10‑K for fiscal 2025. The press release containing the preliminary data is furnished as Exhibit 99.1, and the company noted that it uses the Investors section of its website to share material information in line with Regulation FD.
Ichor Holdings, Ltd. Chief Operating Officer Bruce Ragsdale reported an automatic share withholding tied to equity compensation. On January 1, 2026, 1,106 Ordinary Shares were withheld at $18.43 per share to cover tax obligations arising from the vesting of a restricted stock unit award. After this tax withholding, Ragsdale beneficially owned 115,078 Ordinary Shares, held directly. The transaction was coded "F," indicating it was not an open-market sale but a tax-related withholding by the issuer.
Ichor Holdings, Ltd. (ICHR) director reported an open-market purchase of company stock. On 11/17/2025, the reporting person bought 10,000 ordinary shares of Ichor Holdings at a price of $14.53 per share. After this transaction, the director beneficially owned 130,011 ordinary shares, held directly. This filing reflects a personal investment by a board member rather than a company-level financing or corporate action.
Ichor Holdings (ICHR) filed a Form 4 reporting an open-market purchase by a director. On 11/06/2025, the insider bought 10,000 ordinary shares at a weighted average price of $15.28 per share, with individual trades ranging from $15.24 to $15.30. Following the transaction, the reporting person beneficially owns 120,011 shares, held directly.
Ichor Holdings (ICHR) reported Q3 2025 results with net sales of $239.3 million, up 13.3% year over year, but gross margin fell to 4.6% and the company posted a net loss of $22.9 million (diluted EPS of $0.67 loss). The margin decline was driven primarily by $16.7 million of inventory impairment recognized under a Consolidation Restructuring Plan.
Operating loss was $19.4 million, and non-GAAP metrics showed a 12.1% gross margin and $0.07 of diluted EPS. Cash and cash equivalents were $92.5 million, and operating cash flow for the nine months was $20.7 million. The company entered into an amended and restated credit agreement featuring a $125.0 million term loan and a $100.0 million revolver, bearing SOFR-based interest of 6.41% as of September 26, 2025, maturing September 26, 2030. As of October 28, 2025, 34,384,231 ordinary shares were outstanding. The restructuring plan includes total expected fixed asset charges of approximately $4.7 million and operating lease ROU asset impairments of approximately $3.9 million, with the plan expected to be substantially complete by the end of 2026.
Ichor Holdings (ICHR) announced a CEO transition. Jeffrey Andreson resigned as Chief Executive Officer and as a director effective November 3, 2025. The company stated his resignation is not due to any disagreement regarding operations, policies, or practices.
The Board appointed Philip Barros, the company’s Chief Technology Officer, as CEO and to the Board effective November 3, 2025. Under an at‑will offer letter, Barros will receive a $700,000 annual base salary, an annual cash bonus targeted at 100% of base salary, $1.75 million in restricted stock units, and $1.75 million in performance RSUs. The RSUs vest 25% on the first anniversary and quarterly thereafter to four years; performance RSUs cliff vest with payout determined at the end of the third year. Barros has served in senior engineering roles at Ichor since 2009 and previously held positions at Applied Materials.
Ichor Holdings (ICHR) furnished an Item 2.02 Form 8-K announcing that it issued a press release with third quarter 2025 financial results. The company plans a webcast conference call on November 3, 2025 at 1:30 p.m. PT to discuss the results.
The release includes certain non-GAAP measures—such as non-GAAP gross profit, operating income, net income, diluted EPS, and free cash flow—with reconciliations to comparable GAAP metrics. The press release is provided as Exhibit 99.1. The company also notes it uses the Investors section of its website for Regulation FD disclosures.
Dimensional Fund Advisors LP reports beneficial ownership of 1,626,193 shares of Ichor Holdings Ltd common stock, representing 4.7% of the class. Dimensional states these shares are owned by multiple registered investment companies, commingled funds, group trusts and separate accounts for which it or its subsidiaries provide advisory services and disclaims direct beneficial ownership. The filing shows 1,580,926 shares with sole voting power and 1,626,193 shares with sole dispositive power. The statement affirms the securities were acquired in the ordinary course of business and not to influence control.
Ichor Holdings, Ltd. reported that its affiliate Icicle Acquisition Holding B.V. and related subsidiaries entered into an Amended and Restated Credit Agreement on September 26, 2025 with Bank of America and other lenders. The agreement replaces the prior 2021 facility and now governs a $125.0 million term loan and a $100 million revolving credit facility.
The revised terms increase the borrowers’ overall borrowing rate by raising the applicable rate, while reducing the revolving commitment fee and eliminating the Secured Overnight Financing Rate adjustment. The maturity date is extended to September 26, 2030, and the maximum permitted leverage ratio is tightened to 3.25x from 3.5x.
Quarterly term loan payments of approximately $1.6 million begin on December 31, 2025, rising to about $2.3 million from September 30, 2028 and $3.1 million from September 30, 2029. The full legal agreement is attached as an exhibit for detailed terms and covenants.
Ichor Holdings, Ltd. (ICHR) Form 4: Director Iain MacKenzie received a grant of 50,000 restricted stock units (RSUs) on 09/15/2025. The RSU award represents the right to receive ordinary shares of the company and is reported at a $0 per-share price for the acquisition. Following the grant, the reporting person beneficially owns 110,011 ordinary shares. The RSUs vest in full on 09/15/2026. The Form 4 was signed on 09/17/2025 by an attorney-in-fact.