ICHOR HOLDINGS, LTD. (ICHR) FY2025 10-K Annual Report

Filed: Feb 20, 2026
Information Technology
Semiconductors & Related DevicesSEC EDGAR

ICHOR HOLDINGS, LTD. (ICHR) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 20, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.

ICHOR HOLDINGS, LTD. FY2025 10-K Analysis

Business Overview

  • Core business: design and manufacture critical fluid delivery subsystems and components for semiconductor capital equipment and other industries
  • No new products or segments explicitly introduced or emphasized in 2026 filing text
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Management Discussion & Analysis

  • Revenue $947.7M, up 11.6% YoY from $849.0M in 2024 driven by increased semiconductor capital equipment demand
  • Operating margin (4.1%) in 2025 vs (0.9%) in 2024; GAAP gross margin 9.3% vs 12.2%, non-GAAP operating margin steady at 2.2%
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Risk Factors

  • Cybersecurity risk overseen by Audit Committee with quarterly reports on mitigation and incident response
  • Cybersecurity governance led by CIO with 25+ years of IT and security experience
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ICHOR HOLDINGS, LTD. FY2025 Key Financial Metrics
XBRL

Revenue

$948M

+11.6% YoY

Net Income

-$53M

-153.5% YoY

Gross Margin

9.3%

-291bp YoY

Operating Margin

-4.1%

-324bp YoY

Net Margin

-5.6%

-312bp YoY

ROE

-8.0%

-497bp YoY

Total Assets

$943M

-5.3% YoY

EPS (Diluted)

$-1.54

-140.6% YoY

Operating Cash Flow

$30M

+7.2% YoY

Source: XBRL data from ICHOR HOLDINGS, LTD. FY2025 10-K filing on SEC EDGAR. All figures in USD.

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