Ichor Reports Q2 Revenue Rise and Analysts Adjust Price Targets

Ichor (NASDAQ: ICHR) posted second‑quarter revenue of $294.8 million, a 15% sequential increase, and earnings per share of $0.34, beating consensus estimates. The company said demand across semiconductor equipment markets remained strong, and it resolved part‑shortage issues that had delayed some revenue recognition. Gross margin rose 130 basis points to 14.1%, and operating margin exceeded 5.5%.

Analyst houses revised their outlooks on the stock. B. Riley Financial lowered its price target to $105 from $125, while TD Cowen reaffirmed a buy rating. Zacks cut its rating to hold, and Weiss kept a sell rating. Overall, Ichor holds a consensus “moderate buy” rating with an average target of $81.71. The earnings beat and margin improvement were cited as reasons for the mixed analyst reactions.