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Upturn AI Summary - About
Ichor Holdings Ltd(ICHR)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for ICHR
10/27/2026: ICHR (1-star) is currently NOT-A-BUY. Pass it for now.
Ichor Holdings is a specialized manufacturer of critical fluid delivery subsystems for semiconductor capital equipment, serving as a key partner to global industry leaders. The company's strengths lie in its deep technical engineering expertise and localized manufacturing capabilities, which are essential for advanced chip fabrication. Its primary growth story centers on the increasing complexity of next-generation semiconductor nodes, which demand ever-higher levels of precision. Key risks include heavy revenue concentration with a few customers and significant exposure to the cyclicality of the semiconductor market. As a non-dividend-paying stock, it is best suited for growth-oriented investors who can tolerate volatility and are monitoring industry-wide capital expenditure trends.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Strong fit | Ichor offers exposure to the long-term secular growth trends in semiconductor manufacturing. |
| Momentum investor | Mixed fit | Momentum depends heavily on the cyclical upturns of the semiconductor industry. |
| Value investor | Mixed fit | Valuation fluctuates significantly based on industry cycles and perceived future demand. |
| Dividend investor | Weak fit | The company does not currently pay a dividend, prioritizing capital reinvestment. |
| Low-risk investor | Weak fit | High volatility associated with the semiconductor sector makes this a higher-risk security. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | High | The stock often experiences sharp price swings linked to the cyclical semiconductor industry. |
| Valuation risk | Medium | Market sentiment can lead to wide valuation swings relative to earnings. |
| Competition risk (OEM competition) | Medium | Dependence on a few large OEM customers creates significant revenue concentration risk. |
| Business quality | Medium | While operationally strong, the business is highly susceptible to external industry cycles. |
| Dividend income | Low / none | The company does not provide income to shareholders through dividends. |
| Execution risk | Medium | Successfully managing a complex global supply chain is critical to maintaining margins. |
Price Behavior
Rolling Over
The price momentum is slowing down and beginning to turn downward.
Extreme Price Shocks
The stock has experienced exceptionally large and disruptive price movements during the period.
Analysis of Past Performance
Type Stock | Historic Profit 25.05% | Avg. Invested days 25 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  2.0 | Stock Returns Performance  3.0 |
| Profits based on simulation | Last Close 10/27/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 1.43B USD | Price to earnings Ratio - | 1Y Target Price 91.62 |
Price to earnings Ratio - | 1Y Target Price 91.62 | ||
Volume (30-day avg) 873.9K shares | Beta 1.79 | 52 Weeks Range 14.06 - 113.58 | Updated Date 10/27/2026 |
52 Weeks Range 14.06 - 113.58 | Updated Date 10/27/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) -1.17 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Fluid Delivery Subsystems | Gas panels, chemical delivery modules, and related fluid handling assemblies. | Ichor earns revenue primarily by selling the essential 'plumbing' that keeps semiconductor fabrication tools running. |
| Process Tool Components | Precision-machined parts and sub-assemblies used inside the manufacturing process chambers. | These high-precision parts are recurring revenue drivers as machines require maintenance and upgrades. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date 2026-11-02 | When After Market | Estimate 0.34 | Actual - |
Profitability
Profit Margin -3.97% | Operating Margin (TTM) 2.76% |
Management Effectiveness
Return on Assets (TTM) 0.36% | Return on Equity (TTM) -5.17% |
Valuation
Trailing PE - | Forward PE 11.19 | Enterprise Value 1.32B | Price to Sales(TTM) 1.41 |
Enterprise Value 1.32B | Price to Sales(TTM) 1.41 | ||
Enterprise Value to Revenue 1.3 | Enterprise Value to EBITDA 210.14 | Shares Outstanding 37.45M | Shares Floating 36.71M |
Shares Outstanding 37.45M | Shares Floating 36.71M | ||
Percent Insiders 1.4 | Percent Institutions 92.22 |
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
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