Ichor Holdings, Ltd. (ICHR)

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.

Symbol
ICHR
Exchange
Nasdaq
Sector
Technology
Industry
Semiconductor Equipment & Materials
Market cap
$2.15B
52 week range
14.06 - 113.58

Valuation

Share price
$58.40 (close of 2026-09-23)
P/E (TTM)
-49.09x
Price to book
2.48x
Price to free cash flow
-83.86x
Enterprise value
$2.04B
Book value per share
$23.15

Price performance

PeriodChange
1 day+4.03%
5 days+14.31%
1 month-2.99%
3 months-36.66%
6 months+19.75%
Year to date+216.87%
1 year+218.08%
3 years+93.89%
5 years+28.86%
All time+497.75%

Profitability and growth

Return on equity
-7.95%
Return on invested capital
-5.41%
Return on assets
-5.60%
Return on capital employed
-4.83%
Gross margin
9.26%
Net margin
-5.57%
EBITDA margin
-0.61%
Revenue growth
11.61%
Net income growth
-153.51%
Free cash flow growth
-161.33%

Cash flow and balance sheet

Free cash flow yield (TTM)
-1.19%
Current ratio
3.70x
Net debt to EBITDA
-16.32x

Latest reported year

Period end
2025-12-26
Fiscal year
2025
Revenue
$947.65M
Cost of revenue
$859.88M
Gross profit
$87.78M
EBITDA
$-5.77M
Net income
$-52.78M
Earnings per share
$-1.54
Research and development
$23.09M
Shares outstanding
34.23M

Income statement by year

Period endRevenueGross profitNet incomeEPS
2025-12-26$947.65M$87.78M$-52.78M$-1.54
2024-12-27$849.04M$103.33M$-20.82M$-0.64
2023-12-29$811.12M$103.40M$-42.98M$-1.47
2022-12-30$1.28B$211.86M$72.80M$2.54
2021-12-31$1.10B$177.48M$70.90M$2.51
2020-12-25$914.24M$124.89M$33.28M$1.44
2019-12-27$620.84M$86.36M$10.73M$0.48
2018-12-28$823.61M$136.14M$57.88M$2.34
2017-12-29$655.89M$100.76M$56.45M$2.25
2016-12-30$405.75M$65.39M$16.66M$0.92

Margins and returns by year

Period endGross marginNet marginReturn on equityReturn on capital
2025-12-269.26%-5.57%-7.95%-5.41%
2024-12-2712.17%-2.45%-2.98%-1.00%
2023-12-2912.75%-5.30%-7.61%-1.41%
2022-12-3016.55%5.69%12.39%9.88%
2021-12-3116.18%6.46%14.16%10.45%
2020-12-2513.66%3.64%8.08%11.25%
2019-12-2713.91%1.73%4.85%3.62%
2018-12-2816.53%7.03%29.19%15.33%
2017-12-2915.36%8.61%26.04%11.44%
2016-12-3016.12%4.11%11.76%13.29%

Cash and debt by year

Period endCashDebt
2025-12-26$98.29M$117.28M
2024-12-27$108.67M$121.02M
2023-12-29$79.95M$241.18M
2022-12-30$86.47M$293.22M
2021-12-31$75.50M$285.25M
2020-12-25$252.90M$191.52M
2019-12-27-$169.30M
2018-12-28-$192.12M
2017-12-29-$180.25M
2016-12-30-$37.94M

Free cash flow by year

Period endFree cash flowStock-based compensation
2025-12-26$-6.28M$16.73M
2024-12-27$10.24M$15.58M
2023-12-29$42.14M$17.34M
2022-12-30$2.02M$13.92M
2021-12-31$-5.57M$11.47M
2020-12-25$27.96M$9.88M
2019-12-27$44.81M$8.54M
2018-12-28$46.55M$7.58M
2017-12-29$30.58M$2.23M
2016-12-30$23.46M$3.22M

Investor relations

Next earnings report

Next confirmed report
2026-11-02
Consensus EPS estimate
$0.34

Past earnings dates

ReportedFiscal periodEPS estimate
2026-08-03Jun/2026$0.21
2026-05-04--
2026-02-09--
2025-11-03--
2025-08-04--
2025-05-05--
2025-02-04--
2024-11-04--

Filings and sources

Company website
ichorsystems.com
SEC filings
10-K, 10-Q and 8-K on EDGAR
Earnings calendar
All upcoming reports

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