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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
10/13/2026: ICHR (1-star) is currently NOT-A-BUY. Pass it for now.
Ichor Holdings Ltd is a specialized provider of fluid delivery systems and precision components essential to the semiconductor capital equipment market. The company possesses a leading position in critical subsystems, benefiting from long-term design partnerships with major equipment manufacturers. Its primary growth opportunity lies in the increasing complexity of advanced semiconductor nodes, which demand ever-more precise manufacturing solutions. However, investors must consider risks associated with high customer concentration and the inherently cyclical nature of the semiconductor equipment industry. Given its lack of dividends and volatility, the stock is generally best suited for growth-oriented investors who can navigate cyclical shifts and monitor 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 | Mixed fit | The company relies heavily on the cyclical growth of the semiconductor capital equipment market. |
| Momentum investor | Mixed fit | Performance is highly conditional on broader industry upturns and sector-wide sentiment. |
| Value investor | Strong fit while signal remains positive | The stock often trades at valuation multiples that reflect cyclical downturns. |
| Dividend investor | Weak fit | Ichor does not currently pay a dividend, focusing instead on growth and capital expenditures. |
| Low-risk investor | Weak fit | The cyclical nature of the business and high customer concentration lead to significant price volatility. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | High | The stock is sensitive to semiconductor industry cycles and changes in capital spending by OEMs. |
| Valuation risk | Medium | Valuations can fluctuate rapidly based on market expectations for the next semiconductor super-cycle. |
| Competition risk (OEM subsystems) | Medium / high | Ichor competes with larger, more diversified players for business from global equipment OEMs. |
| Business quality | Medium | The business model is reliable but heavily dependent on the R&D and manufacturing plans of a few major clients. |
| Dividend income | Low / none | Investors should not expect income generation from this equity. |
| Execution risk | Medium | Successfully integrating past acquisitions and maintaining margins during downturns is critical for performance. |
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 10/13/2026 |
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 Mid-Cap Stock | Market Capitalization 2.00B USD | Price to earnings Ratio - | 1Y Target Price 94.12 |
Price to earnings Ratio - | 1Y Target Price 94.12 | ||
Volume (30-day avg) 697.1K shares | Beta 1.79 | 52 Weeks Range 14.06 - 113.58 | Updated Date 10/13/2026 |
52 Weeks Range 14.06 - 113.58 | Updated Date 10/13/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) -1.17 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Fluid Delivery Subsystems | Gas and chemical delivery modules used in semiconductor process tools. | This is the primary revenue engine, directly tied to the construction and upgrade of semiconductor fabs. |
| Process Tool Components | Precision-machined parts and sub-assemblies for semiconductor capital equipment. | These high-precision parts are essential for tool functionality and benefit from long-term complexity trends. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Geography
Geography revenue - Year on Year
Valuation
Trailing PE - | Forward PE 17.24 | Enterprise Value 2.09B | Price to Sales(TTM) 1.97 |
Enterprise Value 2.09B | Price to Sales(TTM) 1.97 | ||
Enterprise Value to Revenue 2.06 | Enterprise Value to EBITDA 332.54 | Shares Outstanding 37.45M | Shares Floating 36.71M |
Shares Outstanding 37.45M | Shares Floating 36.71M | ||
Percent Insiders 1.43 | Percent Institutions 92.49 |
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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