Ichor Holdings Plunges 24.33% After B. Riley Downgrade

On August 5, 2025, Ichor Holdings experienced a significant drop of 24.33% in pre-market trading, marking a notable decline in its stock performance.

B. Riley, a prominent financial services firm, recently downgraded Ichor Holdings from a Buy to a Neutral rating. This decision was accompanied by a reduction in the price target from $30.00 to $18.00, reflecting concerns over the company's financial outlook and market position. This downgrade has likely contributed to the recent decline in Ichor Holdings' stock price, as investors reassess their positions in light of the revised outlook.

In addition to the rating downgrade, Ichor Holdings has provided guidance for its third-quarter 2025 revenue, projecting a range of $225 million to $245 million. This guidance is crucial for investors as it offers insights into the company's expected performance for the upcoming quarter. However, the specific details of this guidance were not fully disclosed, leaving some uncertainty about the factors driving the projected revenue range.

Furthermore, Ichor Holdings has announced its second-quarter 2025 earnings, which included a price target increase from $23 to $30 by B. Riley, maintaining a Buy rating. This positive adjustment in the price target suggests that, despite recent challenges, there are still elements of the company's performance that warrant optimism. The earnings call transcript for the second quarter of 2025 also indicated that Ichor Holdings expects to deliver sequential improvements to its gross margin in the fourth quarter, even if revenue levels remain similar. This forward-looking statement provides a glimmer of hope for investors, suggesting that the company is taking steps to enhance its financial performance in the near future.