Ichor Holdings Reports Profit Increase Despite Cash Burn

• Ichor Holdings reported a $20.9 million profit in Q3 2026, compared to a $22.9 million loss in Q3 2025.
• Shares rose about 3% in early after-hours trading following the earnings report.
• The company builds gas delivery systems for chipmaking tools and operates plants with heavy fixed costs.
• Despite the profit increase, cash burn is growing due to rising inventory and unpaid customer bills.
• Ichor's sales ramp is generating real profit, but the company is facing financial strain.