Saturday 17 October 2026
Export ICHR’s income statement to Excel — free account
Ichor Holdings, Ltd.
ICHR Technology Semiconductor Equipment & Materials
Ichor Holdings, Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $947.7 million, up 11.6% from fiscal 2024. In the quarter to June 2026, revenue grew 22.7%, EPS grew 110.7%, free cash flow fell 59.8% and total debt fell 3.56%, each against the same quarter a year earlier. Insiders bought in the last twelve months.
41.98
4.67
−10.01%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | 9.76 | 10.81 | 14.23 | 15.96 | 13.68 | 30.60 | 21.04 | 22.26 | 26.40 | 13.12 |
Analyst estimates 2026–2028 Powerpack |
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| High | 11.23 | 35.51 | 34.79 | 34.70 | 39.83 | 63.42 | 48.89 | 39.73 | 46.43 | 35.56 | |||||
| People | |||||||||||||||
| People | Employees | 587 | 1,420 | 1,490 | 1,715 | 2,030 | 2,540 | 2,980 | 2,245 | 2,380 | 2,448 | ||||
| Revenue/emp, $m | 0.69 | 0.46 | 0.55 | 0.36 | 0.45 | 0.43 | 0.43 | 0.36 | 0.36 | 0.39 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | 406 | 656 | 824 | 621 | 914 | 1,097 | 1,280 | 811 | 849 | 948 | ||||
| Gross margin, % | 16.12 | 15.36 | 16.53 | 13.91 | 13.66 | 16.18 | 16.55 | 12.75 | 12.17 | 9.26 | |||||
| EBT | 20 | 43 | 54 | 4 | 32 | 74 | 75 | (31) | (18) | (48) | |||||
| EBT margin, % | 4.96 | 6.56 | 6.58 | 0.69 | 3.53 | 6.72 | 5.88 | (3.83) | (2.13) | (5.02) | |||||
| Net income | 17 | 56 | 58 | 11 | 33 | 71 | 73 | (43) | (21) | (53) | |||||
| Depreciation | 10 | 13 | 24 | 23 | 25 | 27 | 36 | 35 | 31 | 34 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | 269.96 | 26.11 | 33.34 | 27.69 | 39.45 | 38.82 | 44.58 | 27.78 | 25.92 | 27.68 | ||||
| Earnings | (3.11) | 2.05 | 2.34 | 0.48 | 1.44 | 2.51 | 2.54 | (1.47) | (0.64) | (1.54) | |||||
| Cash flow | 18.45 | 1.54 | 2.45 | 2.55 | 1.65 | 0.54 | 1.10 | 1.97 | 0.85 | 0.87 | |||||
| Capex | (2.52) | (0.33) | (0.56) | (0.91) | (0.41) | (0.72) | (1.02) | (0.53) | (0.54) | (1.06) | |||||
| Free cash flow | 15.92 | 1.22 | 1.88 | 1.64 | 1.24 | (0.18) | 0.07 | 1.44 | 0.31 | (0.18) | |||||
| Book value | 94.25 | 8.63 | 8.03 | 9.88 | 17.77 | 17.72 | 20.46 | 19.34 | 21.32 | 19.39 | |||||
| Shares, m | 2 | 25 | 25 | 22 | 23 | 28 | 29 | 29 | 33 | 34 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | 0.14 | 12.63 | 7.15 | 70.04 | 21.08 | 18.41 | 10.53 | 0.00 | 0.00 | 0.00 | ||||
| P/S | 0.13 | 0.99 | 0.49 | 1.20 | 0.76 | 1.19 | 0.60 | 1.20 | 1.24 | 0.67 | |||||
| P/B | 0.37 | 3.00 | 2.03 | 3.37 | 1.70 | 2.60 | 1.30 | 1.72 | 1.51 | 0.95 | |||||
| EV/Sales | 0.10 | 1.17 | 0.68 | 1.39 | 0.71 | 1.38 | 0.77 | 1.41 | 1.27 | 0.69 | |||||
| EV/FCF | 1.77 | 24.93 | 12.02 | 23.55 | 31.44 | (114.92) | (159.86) | 33.60 | 512.82 | (45.47) | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | 28 | 39 | 60 | 57 | 38 | 15 | 31 | 58 | 28 | 30 | ||||
| Capex | (4) | (8) | (14) | (20) | (10) | (20) | (29) | (15) | (18) | (36) | |||||
| Free cash flow | 24 | 31 | 47 | 37 | 29 | (5) | 2 | 42 | 10 | (6) | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | 56 | 131 | 124 | 113 | 334 | 254 | 347 | 302 | 317 | 281 | ||||
| Total debt | 38 | 187 | 201 | 178 | 200 | 293 | 301 | 249 | 129 | 124 | |||||
| Net debt | (15) | 117 | 157 | 117 | (53) | 217 | 214 | 169 | 20 | 25 | |||||
| Shareholders’ equity | 142 | 217 | 198 | 221 | 412 | 501 | 587 | 565 | 698 | 664 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | 0.57 | 13.44 | 11.10 | 2.04 | 4.96 | 7.90 | 6.92 | (4.25) | (2.15) | (5.45) | ||||
| ROIC | 11.75 | 8.64 | 11.25 | 2.76 | 7.23 | 7.05 | 6.69 | (0.93) | (0.66) | (3.56) | |||||
| ROE | 3.74 | 31.50 | 27.89 | 5.11 | 10.51 | 15.54 | 13.38 | (7.46) | (3.30) | (7.75) | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
Ichor Holdings, Ltd. vs peers in Semiconductor Equipment & Materials (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| ACLS Axcelis Technologies, Inc. | $3.6B | 36.1× | 59.9× | +10.60% (above 0%: growing) | −23.23% (below 0%: shrinking) | −60.74% (below 0%: shrinking) | 42.38% | 9.43% | Compare |
| IPGP IPG Photonics Corporation | $3.1B | 108× | 82.3× | +11.11% (above 0%: growing) | −25.00% (below 0%: shrinking) | +200.46% (above 0%: growing) | 40.39% | 1.63% | Compare |
| AMBA Ambarella, Inc. | $2.8B | — (loss-making) | — (loss-making) | +13.21% (above 0%: growing) | n/m | −612.08% (below 0%: shrinking) | 57.73% | (7.53%) | Compare |
| VECO Veeco Instruments Inc. | $2.8B | 113× | 57.6× | +16.48% (above 0%: growing) | −5.00% (below 0%: shrinking) | +776.15% (above 0%: growing) | 38.68% | 6.13% | Compare |
| COHU Cohu, Inc. | $2.6B | — (loss-making) | — (loss-making) | +38.37% (above 0%: growing) | n/m | −39.36% (below 0%: shrinking) | 45.36% | 0.20% | Compare |
| UCTT Ultra Clean Holdings, Inc. | $2.5B | — (loss-making) | 98.9× | +24.31% (above 0%: growing) | n/m | −558.40% (below 0%: shrinking) | 16.08% | 4.57% | Compare |
| AEHR Aehr Test Systems | $2.3B | — (loss-making) | — (loss-making) | +33.69% (above 0%: growing) | n/m | +133.16% (above 0%: growing) | 42.57% | (6.40%) | Compare |
| ICHR Ichor Holdings, Ltd. | $1.8B | — (loss-making) | 93.0× | +22.68% (above 0%: growing) | n/m | −59.76% (below 0%: shrinking) | 13.90% | 2.44% | |
| PLAB Photronics, Inc. | $1.7B | 9.7× | 14.0× | +2.69% (above 0%: growing) | +25.00% (above 0%: growing) | +56.06% (above 0%: growing) | 33.20% | 21.06% | Compare |
| Median of peers | $2.7B | 71.9× | 59.9× | +14.85% | −14.11% | +8.35% | 41.39% | 3.10% |
Ichor Holdings, Ltd. (ICHR) key facts
- Strength: Ichor Holdings, Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $947.7 million, up 11.6% from fiscal 2024.
- Ichor Holdings, Ltd. (ICHR) is a Semiconductor Equipment & Materials company in the Technology sector, listed on Nasdaq.
- As of October 16, 2026, ICHR traded at $41.98, a market capitalization of $1.8 billion.
- Return on equity was −7.75% and debt-to-equity 0.14.
- Its Piotroski F-score is 4 out of 9 and its Altman Z-score is 2.78 (grey zone) for fiscal 2025.