Ichor Holdings, Ltd.
ICHR · Price history
Price at last available close
$42.43
−$17.33 (-29.00%) 1M
2026-10-29
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Company & revenue
About Ichor Holdings, Ltd.
Primary reporting period: 2025-12-26 · Research updated Oct 12, 2026. A research update is not a new financial filing.
Who they are
Ichor Holdings, Ltd. specializes in the conception, development, and production of fluid delivery subsystems and their constituent components, tailored for capital equipment used in semiconductor manufacturing. The company's primary focus is on gas and chemical handling systems, which are integral to the fabrication of semiconductor devices. Their gas delivery units are engineered to precisely supply, monitor, and regulate gases for critical processes like etching and deposition.
How they make money
Ichor designs, engineers, and manufactures critical fluid delivery subsystems and components for semiconductor capital equipment. The company operates primarily on a purchase order basis, selling directly to original equipment manufacturers (OEMs) without long-term contracts requiring fixed or minimum volume commitments.
Products & services
Critical fluid delivery subsystems, including gas and chemical delivery systems, weldments, and precision-machined components for semiconductor wafer fabrication equipment.
Brands & revenue mix
No separate brand or brand-level revenue disclosure was confirmed in the reviewed sources. This does not mean the company has no brands.
Product / operating segments
No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.
Geographic revenue
Period ended 2025-12-26Source
Period ended 2025-12-26Source
Period ended 2025-12-26Source
Period ended 2025-12-26Source
Calculated from reported segment revenue. Check the source period and revenue basis before comparing shares. Categories can overlap and may not add to 100%.
Customer types
- Semiconductor equipment OEMsSource
Customer concentration
For the fiscal year ended December 26, 2025, two customers (Lam Research and Applied Materials) accounted for a combined 76% of total sales.
Suppliers, materials & equipment
- Raw material and component suppliers — The company relies on various third-party suppliers for raw materials and components used in its manufacturing processes; specific supplier names are not disclosed.Source
Strengths
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
26
Poor
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
39
Poor
Financial Strength
63
Business Quality / Moat
25
Management
40
Growth Quality
35
Risk / Durability
10
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
35
Avoid
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
46/100
Building Historical Record
Model Score 46/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
Click for full breakdown →
WSS View
The quick read
The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.
At today’s price, the WSS valuation framework currently reads as less attractive based on the available valuation and market data.
The model outlook is currently cautious.
- •Balance-sheet / debt profile scores strongly
- •Debt service risk
- •Valuation is a weaker part of the current profile
- •Revenue fundamentals are weak
- •Asset quality is a weaker factor
Company-specific research
Questions worth answering for ICHR
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
- •Can ICHR maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
- •How long can ICHR fund negative free cash flow using its current cash position before it may need more debt or new shares?
- •How is ICHR likely to use its cash advantage: reinvestment, acquisitions, debt reduction, dividends or buybacks?
- •What specifically needs to improve for ICHR to reach sustainable profitability?
- •What future growth or profitability would be needed to justify ICHR's current valuation?
Essential Investment Snapshot
Wall Street Score
26
Opportunity Score
35
Market Cap
$1.59B
P/E Ratio
-52.8
EPS
$-1.17
52-Week High
$113.58
52-Week Low
$14.06
Beta
1.81
Analyst Target
$88.00
Shares Outstanding
34.2M
Total Revenue
$1.01B
Total Debt
$154.1M
Dividend
No current dividend
Liquidation Value / Share
$25.28
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Strong downward momentum
High movement
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for ICHR
Detected from reported data — verify before acting.Debt service risk
Interest coverage is low (~-5.9x). Earnings may be strained to cover interest expense.
Community Sentiment
0 active · 0 total callsNo personal call yet on ICHR.
Potential upside factors
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +Leadership in critical fluid delivery subsystems for semiconductor capital equipment.
- +Extensive intellectual property portfolio with 103 granted patents.
Potential downside factors
- −Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Semiconductors industry.
- −High customer concentration and dependence on a small number of semiconductor equipment OEMs.
- −Cyclical nature of the semiconductor equipment industry.
- −Negative free cash flow may increase the need for outside financing and dilution.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
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Scores
Click any score for full breakdownWas this stock page easy to understand?
One click helps us improve the research experience. This is not tied to an investment decision.
Score Changes
3 historical score records availablePrevious Score
26
Aug 14, 2026
Change
+0.3
points
Current Score
26
Oct 1, 2026
Category Changes
ICHR increased 0.3 points because Asset improved by 2 points.
Positive Contributors
- + Asset improved by 2 points
Projected Score
Projected Score
29
Projected Change
+3.1 points
Preliminary comparable-period financial changes suggest improvement of approximately 3.1 points. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
Valuation unavailableCurrent Price
$42.43
Model Intrinsic Value
—
Difference
—
Margin of Safety
—
Intrinsic value is not currently available for this stock, so valuation can't be calculated.
Financial Charts
Revenue
Additional Metrics
Operating Cash Flow
Total Debt
Total Assets
Net Margin %
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
| Line Item | TTM | 2025 | 2024 | 2023 | 2023 | 2022 | 2022 | 2021 | 2020 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.01B | $947.7M | $849.0M | $811.1M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Cost of Revenue | $910.9M | $859.9M | $745.7M | $707.7M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Gross Profit | $102.8M | $87.8M | $103.3M | $103.4M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Research & Development | $24.8M | $23.1M | $23.0M | $20.2M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| SG&A Expenses | $95.3M | $95.7M | $79.4M | $79.3M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Expenses | $126.1M | $127.0M | $111.0M | $114.3M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| EBITDA | $6.3M | -$7.4M | $22.0M | $22.9M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Income | -$23.3M | -$39.3M | -$7.6M | -$10.9M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Interest Expense | $6.5M | $6.6M | $9.3M | $19.4M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Before Tax | -$32.5M | -$47.6M | -$18.1M | -$31.1M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Tax Expense | $7.8M | $5.2M | $2.8M | $11.9M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Net Income | -$40.3M | -$52.8M | -$20.8M | -$43.0M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic EPS | $-1.17 | $-1.54 | $-0.64 | $-1.47 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic Shares | 35.40M | 34.23M | 32.76M | 29.20M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Diluted Shares | 36.30M | 34.23M | 32.76M | 29.20M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
Earnings Summary
Revenue
$294.8M
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
$0.03
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
-7.6%
Cash Change
+178.1%
Margin Change
+4.3 pp
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
- Margins expanded
- Cash position grew
- Debt reduced
Potential Score Impact
Positive indicators included revenue growth, cash levels, debt levels, net income margin. Pressure indicators included EPS growth. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue increased 22.7%. EPS declined 110.7%. Cash increased 178.1%. Total debt declined 7.6%. Net income margin improved by 4.3 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Insider Activity
Guru / Smart Money
Guru Score
Smart Money
Number of Gurus
Total Guru Value
Avg Portfolio Weight
Largest Holder
Largest Holder %
New Positions
Increased Positions
Reduced Positions
Exited Positions
Net Guru Sentiment
Short Interest
Dividend History
Dividend data is not available yet. Missing data does not mean this company pays no dividend.
Conservative Projected Values
3 Years
$———.——
5 Years
$———.——
10 Years
$———.——
Conservative Projection Rate
——%
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Start 7-Day Free TrialHistorical Outperformance Record
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.
Start 7-Day Free TrialHistorical Trends
3 historical recordsHistorical Score Chart
3 of 3 records shownWall Street Score
Debt Score
Revenue Score
Asset Score
Capital Score
Management Score
Moat Score
Valuation Score
Buffett Score
Intrinsic Value
Value Reference
Margin of Safety %
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Ichor Holdings: A 38% Drop Offers A Much Better ST Opportunity (Rating Upgrade)
Ichor Holdings Is An Asymmetrical Semiconductor Buy
Rumor Mill · ICHR
Corporate developments & opportunities
No reviewed developments match this filter.
Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.
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