Ichor Holdings, Ltd. (ICHR) AI Stock Analysis

Ichor Holdings, Ltd. specializes in the design, engineering, and manufacturing of advanced fluid delivery subsystems and components essential for semiconductor capital equipment. Its core offerings include gas delivery systems that deliver, monitor, and control gases used in etching and deposition processes, alongside chemical delivery subsystems that blend and dispense reactive chemistries for chemical-mechanical planarization, electroplating, and cleaning. The company also produces precision machined components, weldments, electron beam and laser-welded parts, vacuum and hydrogen brazing assemblies, and surface treatments. Ichor primarily serves original equipment manufacturers across the United States, the United Kingdom, Singapore, Malaysia, Korea, and Mexico.

Annual revenue grew from $1.10B in FY2021 to $1.28B in FY2022 before contracting 36.6% to $811.1M in FY2023. Revenue subsequently rebounded to $849.0M in FY2024 and $947.7M in FY2025, representing 11.6% growth. Gross margin compressed from 16.2% in FY2021 to 9.3% in FY2025, while operating margin fell from 7.4% to -4.1%. Net income shifted from $70.9M in FY2021 to -$52.8M in FY2025. Over the trailing twelve months, revenue reached $1.01B with an operating margin of 2.8% and an EPS of -$1.17. For the latest quarter ended June 30, 2026, quarterly revenue grew 22.7% year-over-year, while quarterly earnings declined 6.1%.

As of June 30, 2026, Ichor held $256.5M in cash and short-term investments against $154.1M in total debt, yielding net cash of $102.3M. Total assets stood at $1.19B and shareholders' equity was $865.5M. The company maintains a current ratio of 3.70 and a debt-to-equity ratio of 0.18. In FY2025, operating cash flow was $29.9M and capital expenditures were $36.2M, resulting in free cash flow of -$6.3M. Over five years, the company's share count increased 25.0%.

At a share price of $42.11 and a market cap of $1.58B, Ichor trades at a forward P/E of 17.2x, below the 18.8x median of its US-listed Technology peers. Its enterprise value is $2.09B, leading to an EV-to-EBITDA multiple of 332.5x compared to the peer median of 16.6x, and a price-to-sales multiple of 1.6x versus the peer median of 2.8x. Over the past year, the stock returned 85.3%, outperforming the S&P 500 return of 16.8%. However, its 5-year return of 3.0% lagged the S&P 500 5-year return of 83.0%.

Wall Street analysts hold 6 Strong Buy, 1 Buy, and 1 Hold ratings on the stock. The mean price target is $94.12, representing a 123.5% upside from the last close of $42.11. For the current fiscal year ending December 31, 2026, consensus estimates project revenue of $1.25B and EPS of $1.58, representing 585.3% earnings growth. Over the last 4 quarters, Ichor beat EPS estimates 3 times. The next earnings date is scheduled for November 2, 2026.

This page is an AI-written research summary of Ichor Holdings, Ltd. (ICHR). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: ICHR income statement, ICHR balance sheet, ICHR key metrics, ICHR analyst forecast, ICHR chart. See the ICHR stock overview for the latest quote and news.