📊 ICHR Key Takeaways
Is Ichor Holdings, Ltd.. (ICHR) a Good Investment?
Despite 11.6% revenue growth, ICHR exhibits severe operational distress with a critically low 9.3% gross margin, negative operating income of -$39.3M, and deteriorating net losses of -$52.8M (-153.5% YoY). Negative free cash flow of -$6.3M combined with negative ROE/ROA of -8.0% and -5.6% respectively indicates the core business is destroying shareholder value and cannot sustain current capital requirements.
Revenue grew 11.6% YoY, but profitability deteriorated with negative operating and net margins, indicating a cyclical or mix-driven margin trough. The balance sheet is strong with low leverage and solid liquidity, providing runway to execute and stabilize cash flows. An upgrade would require clear evidence of gross margin improvement and sustained positive free cash flow.
Why Buy Ichor Holdings, Ltd.. Stock? ICHR Key Strengths
- Revenue growth of 11.6% YoY demonstrates sustained market demand despite profitability challenges
- Strong liquidity position with 3.16x current ratio and $98.3M cash provides operational runway
- Conservative capital structure with 0.19x debt-to-equity ratio mitigates near-term financial distress risk
- Robust liquidity (3.16x current ratio, ample cash)
- Low leverage (0.19x D/E) with manageable long-term debt
- Positive YoY revenue growth and positive operating cash flow
ICHR Stock Risks: Ichor Holdings, Ltd.. Investment Risks
- Critically low 9.3% gross margin is structurally unsustainable for semiconductor industry and indicates severe pricing pressure or manufacturing cost issues
- Negative free cash flow of -$6.3M combined with $36.2M capex requirement means company is burning cash despite $29.9M operating cash flow
- Rapidly accelerating profitability deterioration with net income down 153.5% YoY and persistent operating losses suggest fundamental business model challenges without visible turnaround
- Margin pressure (9.3% gross, negative operating/net margins)
- Negative interest coverage suggests vulnerability if losses persist
- Slightly negative free cash flow amid capital intensity/working capital swings
Key Metrics to Watch
- Gross margin recovery trajectory (currently 9.3%, must reach 25%+ for viability)
- Free cash flow inflection point (currently -$6.3M; cash runway of 3-4 years at current burn rate)
- Operating income path to breakeven (currently -$39.3M)
- Gross margin trajectory
- Free cash flow margin
Ichor Holdings, Ltd.. (ICHR) Financial Metrics & Key Ratios
💡 AI Analyst Insight
Strong liquidity with a 3.16x current ratio provides a solid financial cushion.
ICHR Profit Margin, ROE & Profitability Analysis
ICHR vs Technology Sector: How Ichor Holdings, Ltd.. Compares
How Ichor Holdings, Ltd.. compares to Technology sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is Ichor Holdings, Ltd.. Stock Overvalued? ICHR Valuation Analysis 2026
Based on fundamental analysis, Ichor Holdings, Ltd.. has mixed fundamental signals relative to the Technology sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
Ichor Holdings, Ltd.. Balance Sheet: ICHR Debt, Cash & Liquidity
ICHR Revenue & Earnings Growth: 5-Year Financial Trend
5-Year Trend Summary: Ichor Holdings, Ltd..'s revenue has declined by 14% over the 5-year period, indicating business contraction. The most recent EPS of $-1.47 indicates the company is currently unprofitable.
ICHR Revenue Growth, EPS Growth & YoY Performance
ICHR Quarterly Earnings & Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2025 | $211.1M | -$2.8M | $-0.08 |
| Q2 2025 | $203.2M | -$5.1M | $-0.15 |
| Q1 2025 | $201.4M | -$4.6M | $-0.13 |
| Q3 2024 | $196.8M | -$2.8M | $-0.08 |
| Q2 2024 | $185.0M | -$5.1M | $-0.15 |
| Q1 2024 | $201.4M | -$5.0K | $0.00 |
| Q3 2023 | $196.8M | -$10.4M | $-0.36 |
| Q2 2023 | $185.0M | -$20.7M | $-0.71 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
Ichor Holdings, Ltd.. Dividends, Buybacks & Capital Allocation
ICHR SEC Filings: Latest 10-K & 10-Q Analysis
Access official SEC EDGAR filings for Ichor Holdings, Ltd.. (CIK: 0001652535)
📋 Recent SEC Filings
❓ Frequently Asked Questions about ICHR
What is the AI rating for ICHR?
Ichor Holdings, Ltd.. (ICHR) has a Combined AI Rating of SELL from Claude (STRONG SELL) and ChatGPT (HOLD) with 72% combined confidence, based on fundamental analysis of SEC EDGAR filings.
What are ICHR's key strengths?
Claude: Revenue growth of 11.6% YoY demonstrates sustained market demand despite profitability challenges. Strong liquidity position with 3.16x current ratio and $98.3M cash provides operational runway. ChatGPT: Robust liquidity (3.16x current ratio, ample cash). Low leverage (0.19x D/E) with manageable long-term debt.
What are the risks of investing in ICHR?
Claude: Critically low 9.3% gross margin is structurally unsustainable for semiconductor industry and indicates severe pricing pressure or manufacturing cost issues. Negative free cash flow of -$6.3M combined with $36.2M capex requirement means company is burning cash despite $29.9M operating cash flow. ChatGPT: Margin pressure (9.3% gross, negative operating/net margins). Negative interest coverage suggests vulnerability if losses persist.
What is ICHR's revenue and growth?
Ichor Holdings, Ltd.. reported revenue of $947.7M.
Does ICHR pay dividends?
Ichor Holdings, Ltd.. does not currently pay dividends.
Where can I find ICHR SEC filings?
Official SEC filings for Ichor Holdings, Ltd.. (CIK: 0001652535) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is ICHR's EPS?
Ichor Holdings, Ltd.. has a diluted EPS of $-1.54.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.
Is ICHR a good stock to buy right now?
Based on our AI fundamental analysis in April 2026, Ichor Holdings, Ltd.. has a SELL rating with 72% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.
Is ICHR stock overvalued or undervalued?
Valuation metrics for ICHR: ROE of -8.0% (sector avg: 22%), net margin of -5.6% (sector avg: 18%). Compare these metrics with sector averages to assess valuation.
Should I buy ICHR stock in 2026?
Our dual AI analysis gives Ichor Holdings, Ltd.. a combined SELL rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is ICHR's free cash flow?
Ichor Holdings, Ltd..'s operating cash flow is $29.9M, with capital expenditures of $36.2M. FCF margin is -0.7%.
How does ICHR compare to other Technology stocks?
Vs Technology sector averages: Net margin -5.6% (avg: 18%), ROE -8.0% (avg: 22%), current ratio 3.16 (avg: 2.5).