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Ichor Holdings Ltd(ICHR)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
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- BUY Advisory
- SELL Advisory (Profit)
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- Profit
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Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for ICHR
09/15/2026: ICHR (1-star) is currently NOT-A-BUY. Pass it for now.
Ichor Holdings Ltd is a specialized provider of gas and chemical delivery subsystems that are essential to semiconductor manufacturing tools. The company’s primary strength lies in its deep integration with leading chip equipment manufacturers, which creates a stable, long-term business relationship. The investment story centers on the secular growth of the semiconductor sector and the ongoing trend of increased component outsourcing by major OEMs. However, the stock faces risks from significant cyclicality, customer concentration, and the potential for manufacturing shifts. Ichor is best suited for growth-oriented investors who can tolerate cyclical volatility, and they should monitor the overall semiconductor capital expenditure cycle for signs of momentum.
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 serves the high-growth semiconductor industry and benefits from long-term secular demand for chips. |
| Momentum investor | Mixed fit | Momentum depends on the cyclical upturn in semiconductor equipment spending. |
| Value investor | Mixed fit | The stock valuation often fluctuates significantly based on the industry cycle rather than pure fundamental value. |
| Dividend investor | Weak fit | The company does not pay a dividend and focuses on growth and debt reduction. |
| Low-risk investor | Weak fit | The company's high exposure to the cyclical semiconductor market results in significant price volatility. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | High | The stock is highly sensitive to fluctuations in the semiconductor manufacturing cycle. |
| Valuation risk | Medium | Market sentiment often swings, causing price-to-earnings ratios to fluctuate widely. |
| Competition risk (OEM consolidation) | Medium / high | Major OEMs may choose to bring more subsystem production in-house. |
| Business quality | Medium | While the company has strong technical expertise, its margins are susceptible to cyclical pressure. |
| Dividend income | Low / none | The company does not provide income through dividends. |
| Execution risk | Medium | Successfully integrating acquisitions is crucial for long-term growth and margin expansion. |
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 59.83% | Avg. Invested days 30 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  2.0 | Stock Returns Performance  3.0 |
| Profits based on simulation | Last Close 09/15/2026 |
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 1.92B USD | Price to earnings Ratio - | 1Y Target Price 95.86 |
Price to earnings Ratio - | 1Y Target Price 95.86 | ||
Volume (30-day avg) 743.6K shares | Beta 1.81 | 52 Weeks Range 14.06 - 113.58 | Updated Date 09/15/2026 |
52 Weeks Range 14.06 - 113.58 | Updated Date 09/15/2026 | ||
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 systems for semiconductor fabs. | The company's primary revenue comes from critical components needed to build chip manufacturing machines. |
| Process Tool Components | Precision machined parts and assembly services. | This is a specialized manufacturing service that keeps semiconductor production tools functioning correctly. |
| Geographic Exposure | Manufacturing in the US, Malaysia, and Europe. | Global reach allows them to stay close to both major chip equipment makers and local regional demand. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Geography
Geography revenue - Year on Year
Valuation
Trailing PE - | Forward PE 16.95 | Enterprise Value 1.82B | Price to Sales(TTM) 1.9 |
Enterprise Value 1.82B | Price to Sales(TTM) 1.9 | ||
Enterprise Value to Revenue 2.02 | Enterprise Value to EBITDA 326.27 | Shares Outstanding 37.45M | Shares Floating 36.74M |
Shares Outstanding 37.45M | Shares Floating 36.74M | ||
Percent Insiders 1.44 | Percent Institutions 92.33 |
Upturn AI Summary
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
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.
About Ichor Holdings Ltd
Exchange NASDAQ | Headquarters Fremont, CA, United States | ||
IPO Launch date 2016-12-09 | CEO & Director Mr. Philip Barros | ||
Sector Technology | Industry Semiconductor Equipment & Materials | Full time employees 1891 | Website https://www.ichorsystems.com |
Full time employees 1891 | Website https://www.ichorsystems.com | ||
Ichor Holdings, Ltd. engages in the design, engineering, and manufacture of fluid delivery subsystems and components for semiconductor capital equipment in Singapore, the United States, Europe, and internationally. The company offers gas and chemical delivery subsystems used in the manufacturing of semiconductor devices. Its gas delivery subsystems deliver, monitor, and control gases used in semiconductor manufacturing processes, such as etch and deposition; and chemical delivery subsystems blend and dispense the reactive liquid chemistries used in semiconductor manufacturing processes, including chemical-mechanical planarization, electroplating, and cleaning. In addition, the company provides precision-machined components, weldments, e-beam and laser welded components, precision vacuum and hydrogen brazing, surface treatment technologies, and other proprietary products. It sells and markets its products to equipment OEMs in the semiconductor equipment market. Ichor Holdings, Ltd. was incorporated in 1999 and is headquartered in Fremont, California.
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