ICHOR HOLDINGS LTD (ICHR)
Information Technology · Semiconductor equipment subsystems and components · NASDAQ
Ichor supplies specialized fluid delivery subsystems and precision components to semiconductor equipment manufacturers, serving as a critical outsourced supplier to Lam Research, Applied Materials, and ASML.
What ICHOR HOLDINGS LTD does
Ichor Holdings designs, engineers, and manufactures critical fluid delivery subsystems and components primarily for semiconductor capital equipment manufacturers. The company specializes in gas delivery subsystems that deliver and control specialized gases used in semiconductor processes like etch and deposition, as well as chemical delivery subsystems that blend and dispense reactive chemistries for processes such as chemical-mechanical planarization and electroplating. Ichor also produces precision-machined components, weldments, and welded components serving defense/aerospace and medical industries, with a global footprint positioned close to major OEM customers including Lam Research, Applied Materials, and ASML.
Themes: ["Semiconductor capital equipment supply chain","Fluid delivery systems","Semiconductor manufacturing process tools","Defense/aerospace components","Medical device components"]
Fundamentals
- Price$96.44 as of 2026-07-09 close
- Market cap$3.4B as of 2026-07-10
- 1-year return+310.9% as of 2026-07-09 close
- Net margin-5.3% as of 2026-07-10
- Gross margin+11.7% as of 2026-07-10
- ROE-7.5% as of 2026-07-10
- Debt / equity0.18 as of 2026-07-10
- Revenue growth (YoY)+7.5% as of 2026-07-10
- Revenue CAGR (3y)-9.5% SEC XBRL
- Beta1.83 as of 2026-07-10
Key risks (from latest filing)
["Heavy dependence on a small number of major OEM customers (Lam Research, Applied Materials, ASML) for the majority of revenue, creating concentration risk","Semiconductor industry cyclicality and capital equipment spending volatility, which directly impacts demand for fluid delivery subsystems","Operating margins under pressure despite revenue growth, with company currently unprofitable on GAAP basis (net loss of $52.8M in 2025)"]
Competitors & peers
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.