Ichor Holdings, Ltd., a supplier of fluid delivery subsystems for semiconductor equipment, reported second‑quarter 2026 net sales of $294,784 (in thousands), up 22.7% from 2025. Gross margin improved to 13.9%, and GAAP net income reached $998 (in thousands) with diluted EPS of $0.03, compared with a prior‑year loss. Non‑GAAP net income was $12,172 (in thousands), or $0.34 per diluted share. For the first six months of 2026, net sales were $550,852 (in thousands) and GAAP net loss was $1,471 (in thousands), while non‑GAAP net income was $17,459 (in thousands).
Operating activities used $18,792 (in thousands) of cash in the first half, largely from higher receivables and inventories tied to stronger demand, while capital expenditures were $14,833 (in thousands). The company completed an at‑the‑market equity program, issuing 2,478,275 shares for net proceeds of $195.4 million, ending the quarter with cash and equivalents of $256,456 (in thousands) and term‑loan principal of $121,875 (in thousands) with an undrawn $100.0 million revolver. Management reports its Consolidation Restructuring Plan is substantially complete and notes ongoing risks from global trade tensions, export controls, and a higher effective tax rate of 81.6% in Q2 2026.
Ichor Holdings reported Q2 2026 revenue of $294.8 million, up 15% from Q1 2026 and 24% from Q2 2025. GAAP gross margin was 13.9% and GAAP net income was $1.0 million, or $0.03 per diluted share, compared with losses in both the prior quarter and year‑ago period.
On a non‑GAAP basis, net income was $12.2 million and diluted EPS was $0.34, with non‑GAAP gross margin of 14.1% and operating margin of 5.5%. Management highlights margin expansion and progress on its Consolidation Restructuring Plan, stating earnings are at a three‑year record.
Cash and cash equivalents rose to $256.5 million, mainly from $195.4 million of net proceeds from an at‑the‑market equity offering of 2.5 million ordinary shares at an average price of $80.70. Free cash flow was negative $23.6 million in the quarter as inventory and receivables increased.
For Q3 2026, the company guides revenue between $315 million and $345 million, GAAP diluted EPS of $0.25–$0.35, and non‑GAAP diluted EPS of $0.40–$0.50, and expects continued sequential growth in revenues, gross margin, and earnings per share.
Vanguard Portfolio Management LLC, together with specified affiliates, reports beneficial ownership of Ichor Holdings Ltd common stock on an amended Schedule 13G. The group beneficially owns 2,107,844 shares, representing 6.06% of the outstanding common stock as of June 30, 2026.
The filing states sole voting power over 38,676 shares and sole dispositive power over 2,107,844 shares, with no shared voting or dispositive power. Vanguard-managed funds and other managed accounts have rights to dividends and sale proceeds, and no other single person’s interest exceeds 5% of the class.
Vanguard Capital Management reports beneficial ownership of common stock of Ichor Holdings Ltd. Vanguard holds 1,742,262 shares, representing 5.01% of the outstanding common stock. Vanguard has sole voting power over 261,260 shares and sole dispositive power over 1,742,262 shares, with no shared voting or dispositive power reported.
The holdings are aggregated across Vanguard Capital Management LLC and specified affiliated entities and business divisions that exercise voting and/or dispositive power, including certain Vanguard funds and client accounts.
ICHR reports a planned sale of 12,346 common shares through Goldman Sachs & Co. LLC, with an aggregate market value of $1,023,113.02, expected on July 17, 2026 on the NASD market. The shares relate to equity compensation, including restricted stock units granted on several dates in 2022 and 2023. Over the previous three months, the Thomas M. Rohrs and Marion Rohrs Revocable Trust sold 10,000 common shares for $731,292 on May 15, 2026 and 8,000 common shares for $698,673.60 on June 12, 2026.
Ichor Holdings Chief Operating Officer Bruce Ragsdale reported a routine share disposition tied to equity compensation. On the vesting of a restricted stock unit award, 1,580 ordinary shares were automatically withheld to cover tax withholding obligations, rather than being sold in the market. Following this tax-withholding event, he directly holds 104,837 ordinary shares. His holdings also include 706 shares acquired under the company’s employee stock purchase plan on June 30, 2026, underscoring an ongoing equity stake aligned with shareholders.
ICHR Rule 144 notice: A revocable trust associated with Thomas M. Rohrs and Marion Rohrs filed a Rule 144 notice reporting a sale of 10,000 common shares on 05/15/2026. The filing lists multiple compensation-acquired restricted stock units with grant dates and share counts and includes an entry showing 06/12/2026 and a broker/information row referencing 8,000, 694,400 and 34,750,310 in the same line.
The notice records prior compensation-related acquisitions dated 01/08/2022, 02/14/2022, 02/15/2022, and 05/10/2024 with share quantities of 335, 2,934, 2,364, and 2,367 respectively. The filing is a statutory resale notice under Rule 144 and documents reported historical acquisitions and a recent disposition.
ICHOR HOLDINGS, LTD. Chief Financial Officer Greg Swyt reported an open-market sale of ordinary shares. On June 8, 2026, he sold 6,820 ordinary shares at a weighted average price of $66.81 per share under a Rule 10b5-1 Trading Plan adopted on February 26, 2026. After this transaction, he directly holds 53,070 ordinary shares of the company.
ICHR: Form 144 notice of proposed sale by an affiliate. The filing lists proposed sales of Common Stock tied to 5,928 Restricted Stock Units (grant date 03/01/2026) and 892 shares from an Employee Stock Purchase Plan (date 12/31/2022). It also reports prior 10b5-1 sales by Greg Swyt of 19,662 shares on 05/28/2026 for $1,384,565.60.
Ichor Holdings Chief Executive Officer Philip Ryan Barros Sr. reported insider transactions involving the company’s ordinary shares. He sold 13,705 shares in an open‑market transaction at a weighted average price of $70.19 per share under a pre-arranged Rule 10b5-1 Trading Plan.
On the same date, he exercised stock options to acquire 1,403 ordinary shares at an exercise price of $21.76 per share, fully using an option that was scheduled to vest over several years. After these transactions, he directly owns 165,078 ordinary shares of Ichor Holdings.