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Ichor Holdings , Ltd. Announces Second Quarter 2021 Financial Results Exhibit 99.1 FREMONT , Calif . , August 3 , 2021 - Ichor Holdings , Ltd. ( NASDAQ : ICHR ) , a leader in the design , engineering , and manufacturing of critical fluid delivery subsystems for semiconductor capital equipment , today announced second quarter 2021 financial results . Highlights for the second quarter of 2021 : Revenues of $ 282 million , up 27 % year - over - year and our ninth consecutive quarter of revenue growth ; • Gross margin of 16.8 % on a GAAP and non - GAAP basis ; Net earnings of $ 0.79 per diluted share on a GAAP basis and $ 0.90 on a non - GAAP basis ; and Cash flow from operations of $ 13 million and free cash flow of $ 3 million . " We are pleased to report strong financial results for the second quarter , in which we achieved another revenue record , sequential gross margin improvement of over 70 basis points , and earnings at the upper end of our forecast , ” commented Jeff Andreson , chief executive officer . “ Now half - way through a year of unprecedented demand for wafer fab equipment , we are executing well in a continued challenging operating environment . Favorable product mix , along with some earlier- than - anticipated progress on our cost reduction initiatives , drove gross margin and operating profitability to their highest levels in three years . This has also been the strongest period of free cash flow generation in Ichor history , with $ 82 million generated in the last 12 months , totaling over 8 % of revenues . ” Mr. Andreson concluded , “ Robust customer demand , a very healthy demand environment for semiconductors , and good visibility into the coming quarters all indicate that Ichor is well - positioned to continue to deliver strong revenues , operating leverage , and cash flows during a period of industry growth that is expected to extend well beyond this year . " Q2 2021 Q1 2021 Q2 2020 ( dollars in thousands , except per share amounts ) U.S. GAAP Financial Results : Net sales $ 282,308 $ 264,566 $ 221,564 Gross margin 16.8 % 14.9 % 13.2 % Operating margin 8.9 % 6.9 % 4.2 % Net income $ 22,865 $ 14,638 $ 6,811 Diluted EPS $ 0.79 $ 0.51 $ 0.30 Non - GAAP Financial Results : Gross margin Operating margin Net income Diluted EPS Q2 2021 Q1 2021 Q2 2020 ( dollars in thousands , except per share amounts ) 16.8 % 16.1 % 11.2 % 10.2 % 14.0 % 7.5 % $ 26,307 $ 0.90 $ 21,725 $ 12,569 0.76 $ 0.54 Page 1 of 11