Ichor Holdings
ICHRMarket price data through November 12, 2026.
Performance
Nov 2021 – Nov 2026
Track record
How this pick has done since Benson first called it.
- Benson Return
- -42%
- How much this stock is up since Benson first picked it — measured from the price at the time of that first pick, not from today.
- First pick price
- ~$64
- Roughly what one share cost when Benson first picked this stock. This is the starting line for the Benson Return.
- Tracking since
- May 2026
- The month this stock first became a Benson pick.
- Tracking duration
- 6 months
- How long Benson has been tracking this pick.
About Ichor Holdings
Ichor Holdings builds the gas and chemical delivery systems inside the machines that make computer chips. Think of them as the precision plumbing in a chip factory's most important tools, controlling exactly which gases flow onto the wafer at every step. Most of its sales come from chip equipment makers, and it also sells precision-made parts for commercial space and defense.
The case for and against
Both sides of the story, in plain English.
- Profit Takeoff
Ichor earned 20.9 million dollars this quarter. That's up from just 1 million dollars last quarter and a 22.9 million dollar loss a year ago. Sales hit 328.7 million dollars, up 37 percent from last year, and gross margin jumped from 4.6 percent to 15.8 percent, so the company now keeps far more of every dollar it sells.
- Runway Into 2027
Management expects next quarter sales of 345 to 365 million dollars, which would keep a steep climb going. Adjusted profit per share is expected to reach about 70 cents, up from 63 cents this quarter. Customers can see demand well into 2027 as chipmakers race to add factory capacity for the AI boom.
- Cash Crunch
Even with profits rising, Ichor used 28.8 million dollars of cash this quarter. Most of it went to stocking extra inventory and to sales customers haven't paid for yet, as the company builds ahead of demand. Cash fell 43 million dollars to 213.5 million in three months, and most of this year's cash came from selling 2.5 million new shares, which shrinks every existing owner's slice.
- Thin Cushion
Ichor keeps only about 16 cents of gross profit on every dollar of sales, and about 7 cents of operating profit after running costs. That leaves little room if a big customer pushes for lower prices or chip spending cools off. The stock also tends to move about twice as much as the overall market, both up and down.
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How to read this page
This automated research summary uses Financial Modeling Prep market data through 2026-11-12. Model signals, scores, and risk labels can change and may be incomplete or wrong.
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