伊楚尔控股有限公司2025年季度报告

FORM10-Q (Mark One) xQUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period endedSeptember 26, 2025OR oTRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ICHOR HOLDINGS, LTD. (Exact Name of Registrant as Specified in its Charter)_________________________________________________________________________________________________________________________ Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Actof 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has beensubject to such filing requirements for the past 90 days.Yes xNoo Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule405 of Regulation S‐T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required tosubmit such files).Yes xNoo Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non‐accelerated filer, a smaller reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and“emerging growth company” in Rule 12b‐2 of the Exchange Act. Accelerated fileroSmall reporting companyoEmerging Growth Companyo Large accelerated filerxNon‐accelerated filero If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying withany new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.o Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b‐2 of the Exchange Act). Yes oNox As of October28, 2025, the registrant had34,384,231ordinary shares, $0.0001 par value per share, outstanding. TABLE OF CONTENTS ICHOR HOLDINGS, LTD.Consolidated Balance Sheets(in thousands, except share and per share amounts)(unaudited) ICHOR HOLDINGS, LTD.Consolidated Statements of Operations(in thousands, except share and per share amounts)(unaudited) The accompanying notes are an integral part of these consolidated financial statements. The accompanying notes are an integral part of these consolidated financial statements. ICHOR HOLDINGS, LTD.Consolidated Statements of Cash Flows(in thousands)(unaudited) ICHORHOLDINGS, LTD.Notes to Consolidated Financial Statements(dollar figures in tables in thousands, except per share amounts)(unaudited) Note 1 – Basis of Presentation and Selected Significant Accounting Policies Basis of Presentation These consolidated unaudited financial statements have been prepared in accordance with generally acceptedaccounting principles in the U.S. (“GAAP”). All intercompany balances and transactions have been eliminated uponconsolidation. All dollar figures presented in tables in the notes to the consolidated financial statements are in thousands,except per share amounts. Certain information and footnote disclosures normally included in financial statementsprepared in accordance with GAAP have been condensed or omitted as permitted by the U.S. Securities and ExchangeCommission's rules and regulations for interim reporting. These consolidated financial statements should be read inconjunction with our audited financial statements and notes thereto included in our Annual Report on Form10‐K for theyear ended December27, 2024. Year End We use a 52- or 53-week fiscal year ending on the last Friday in December. Ourfiscal years ending December26, 2025and December27, 2024 are each 52weeks. References to 2025 and 2024 relate to the fiscal years then ended,respectively.The three-month periods ended September26, 2025 and September27, 2024 are each 13weeks.References to the third quarter of 2025 and 2024 relate to the three-month periods then ended, respectively. Use of Estimates The preparation of consolidated financial statements in conformity with GAAP requires management to make estimatesand assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities atthe date of the financial statements and the reported amounts of revenue and expenses during the reporting periodspresented. We base our estimates and judgments on historical experience and on various other assumptions that webelieve are reasonable under the circumstances. Actual results could differ from the estimates made by management.Significant estimates include inventory valuation, uncertain tax positions, valuation allowance on deferred tax assets, andimpairment analysis for both definite‐lived intangible assets and goodwill. Change in Accounting Estimate On March 29, 2025, w