AI data center buildout and SME rebound should drive renewed demand for Ichor's fluid delivery subsystems, positioning it for a cyclical upside. 1Q25 results signal potential bottoming, with +21% YoY revenue growth and improving gross margin guidance of 15-16% for 2H25. Strong customer relationships with AMAT, LRCX, and ASML (73% of FY24 sales) expose Ichor to leading-edge SME growth, with stock performance divergence considered a mean-reverting opportunity.
Ichor Holdings is a bargain play in the semiconductor supply chain, with operations reversing several years of decline and recent panic selling creating a buy opportunity. The company is strongly positioned for a cyclical upturn in capital equipment demand in America, with analyst forecasts pointing to a significant earnings reversal through 2028. Risks include customer concentration, international trade friction caused by Trump tariffs, and the possibility of global recession.
Ichor Holdings, Ltd. (NASDAQ:ICHR ) Q1 2025 Earnings Conference Call May 5, 2025 4:30 PM ET Company Participants Claire McAdams - Investor Relations Jeff Andreson - CEO Greg Swyt - CFO Conference Call Participants Brian Chin - Stifel Krish Sankar - TD Cowen Charles Shi - Needham and Company Craig Ellis - B.
4 Aug 2025 (In 1 week) Date | | - Cons. EPS | - EPS |
4 Aug 2025 (In 1 week) Date | | - Cons. EPS | - EPS |
Semiconductors Industry | Technology Sector | Jeffrey S. Andreson CEO | LSE Exchange | KYG4740B1059 ISIN |
US Country | 1,820 Employees | - Last Dividend | - Last Split | 9 Dec 2016 IPO Date |
Ichor Holdings, Ltd., established in 1999 and headquartered in Fremont, California, operates on a global scale, providing advanced fluid delivery subsystems and components critical for semiconductor capital equipment. The company's expertise lies in the design, engineering, and manufacturing of these systems, which are integral to semiconductor device production processes. Serving primarily the United States and international markets, Ichor Holdings has cemented its role as a key supplier to equipment Original Equipment Manufacturers (OEMs) within the highly specialized semiconductor equipment sector, with a significant presence in Japan.
Ichor Holdings, Ltd. offers a comprehensive range of products and services designed to meet the rigorous demands of semiconductor manufacturing. These include: