Executive Summary
IEH Corporation reported a strong top-line rebound in QQ2 2025 with revenue of 7.341 billion USD and a gross profit of 1.731 billion USD, delivering a gross margin of 23.58% and an operating margin of 2.36%. Net income, however, remained extremely thin at approximately 246 thousand USD, implying substantial non-operating items, one-time effects, or unusual accounting nuances in the period. The company generated robust operating cash flow and free cash flow (CFO approximately 2.59 billion USD; FCF ~2.59 billion USD), suggesting meaningful liquidity and potential for capital deployment, even as net profitability remains an area for improvement. The balance sheet shows sizable liquidity and a strong equity base, with total assets around 27.55 billion USD and a large portion of assets held in short-term investments, underscoring a cash-rich balance sheet. Notwithstanding the apparent strength, several data quality caveats exist (notably inconsistencies between revenue scale, cash flows, and some balance-sheet line items) and no earnings-call transcript was provided for corroborating management commentary. Investors should await accompanying management remarks or a formal earnings call transcript to validate guidance and qualitative insights.
Key Performance Indicators
QoQ: 103 223.68% | YoY:152 490.78%
QoQ: 85 502.48% | YoY:188 762.11%
QoQ: 51 913.93% | YoY:15 557.92%
QoQ: -37.26% | YoY:122.39%
QoQ: -41.18% | YoY:121.74%
Key Insights
Revenue: 7.341B; YoY growth 152,490.78%; QoQ growth 103,223.68%. Gross Profit: 1.731B; Gross Margin 23.58%; YoY gross-profit growth 188,762.11%; QoQ 85,502.48%. Operating Income: 173.20M; Operating Margin 2.36%; YoY 15,557.92%; QoQ 51,913.93%. Net Income: 0.246M; Net Margin 0.00336%; YoY 122.39%; QoQ -37.26%. EPS: 0.10; YoY 121.74%; QoQ -41.18%. Cash Flow: Operating cash flow ~2.588B; Free cash flow ~2.588B; Capex ~0.077B. Balance Sheet (selected): Total assets ~$27.55B; Cash & cash equivale...
Financial Highlights
Revenue: 7.341B; YoY growth 152,490.78%; QoQ growth 103,223.68%. Gross Profit: 1.731B; Gross Margin 23.58%; YoY gross-profit growth 188,762.11%; QoQ 85,502.48%. Operating Income: 173.20M; Operating Margin 2.36%; YoY 15,557.92%; QoQ 51,913.93%. Net Income: 0.246M; Net Margin 0.00336%; YoY 122.39%; QoQ -37.26%. EPS: 0.10; YoY 121.74%; QoQ -41.18%. Cash Flow: Operating cash flow ~2.588B; Free cash flow ~2.588B; Capex ~0.077B. Balance Sheet (selected): Total assets ~$27.55B; Cash & cash equivalents ~$8.59M; Short-term investments ~$8.58B; Total current assets ~ $22.22B; Total liabilities ~ $4.99B; Total stockholders’ equity ~ $22.56B. Liquidity ratios indicate a strong balance-sheet position (Current ratio ~7.56; Quick ratio ~4.77). Valuation multiples (from ratiosInfo) show P/E ~23.9 and Price-to-Book ~1.04. Peer references suggest IEH’s gross margin sits mid-pack among hardware/interconnect peers, but net margins are broadly weaker in comparison.
Income Statement
| Metric |
Value |
YoY Change |
QoQ Change |
| Revenue |
7.34B |
152 490.78% |
103 223.68% |
| Gross Profit |
1.73B |
188 762.11% |
85 502.48% |
| Operating Income |
173.20M |
15 557.92% |
51 913.93% |
| Net Income |
246.44K |
122.39% |
-37.26% |
| EPS |
0.10 |
121.74% |
-41.18% |
Key Financial Ratios
operatingProfitMargin
2.36%
operatingCashFlowPerShare
$1087.2
freeCashFlowPerShare
$1087.22
Management Commentary
Transcript not provided in the data. Consequently, there are no management quotes to anchor the themes. The quantitative results imply themes investors would typically expect to hear (e.g., demand drivers, book-to-bill, backlog, capital returns, and supply-chain resilience), but without a transcript, qualitative interpretation remains speculative. Once a transcript is available, key themes to capture would include: strategy execution in military/aerospace and industrial markets, progress on high-margin interconnects vs. legacy components, backlog and lead times, and visibility into forward guidance or strategic investments.
Not available due to the earnings transcript not being provided in the data set.
— Management
Not available due to the earnings transcript not being provided in the data set.
— Management
Forward Guidance
No explicit management guidance is present in the supplied data. Given the scale of QQ2 2025 revenue and the strong liquidity position, management commentary in a formal earnings call would likely address: order momentum from defense/aerospace segments, product mix (high-performance PCB connectors and bespoke interconnects), capex plans (capacity expansion or automation), and funding of working-capital needs. Investors should monitor: (1) backlog levels and book-to-bill trends, (2) any commentary on supply-chain constraints or raw-material costs, (3) cadence of revenue recognition across military/aerospace programs, and (4) any stated targets for gross/margin improvements and EPS progression. The achievability of stronger profitability hinges on converting revenue strength into consistent operating leverage and controlling operating expenses as a percentage of revenue.