The Icarus camera is an improvement on past imagers (Furi and Hippogriff) designed for the Ultra-Fast X-ray Imager (UXI) program to deliver ultra-fast, time-gated, multi-frame image sets for High Energy Density Physics (HEDP) experiments. Icarus is a 1024 × 512 pixel array with 25 μm spatial resolution containing 4 frames of storage per pixel. It has improved timing generation and distribution components and has achieved 2 ns time gating. Design improvements and initial characterization and performance results will be discussed. Sandia National Laboratories is a multimission laboratory managed and operated by National Technology and Engineering Solutions of Sandia LLC, a wholly owned subsidiary of Honeywell International Inc. for the U.S. Department of Energy’s National Nuclear Security Administration under contract DE-NA0003525.