Ichor Stock Sinks 28% After Q2 Loss and Sell Rating
By ATTN Desk · Editorial oversight: Sean Han
Introduction
Ichor Holdings Ltd (ticker: ICHR) designs, engineers, and manufactures gas and chemical delivery subsystems for semiconductor capital equipment. Headquartered in Fremont, California, the company supplies fluid delivery solutions to original equipment manufacturers (OEMs) worldwide. As of August 5, 2025, ICHR trades on the NASDAQ at $14.55 per share, representing a 27.76% decrease from its previous closing price.
Corporate Structure and Experience
Founded in 2012 and registered in Scotland (SC418618), Ichor employs over 2,000 people across more than ten production facilities. Its global footprint includes sites in California, Oregon, Texas, Nevada, Minnesota, Singapore, Malaysia, Korea, Mexico, and the United Kingdom. The company’s vertically integrated operations include precision machining, welding, brazing, and surface-treatment technologies.
Semiconductor equipment by Randall Bruder
Developments and News
On August 5, 2025, Ichor filed its quarterly report (Form 10-Q) covering the period ended June 27, 2025. One day earlier, on August 4, 2025, the company submitted two Form 8-K filings, disclosing executive appointments and regulatory updates. According to Yahoo Finance, analysts maintain a "SELL" rating on ICHR shares with target prices ranging from $17.00 to $18.00 and an industry subrating of "Medium."
Financial and Strategic Aspects
The following table summarizes key financial metrics for the trailing twelve months (TTM) and the most recent quarter:
| Metric | Value |
|---|---|
| Stock price (2025-08-05) | $14.55 |
| 52-Week Range | $15.33 – $36.48 |
| Market Capitalization | $687.18 M |
| Revenue (TTM) | $892.12 M |
| Net Income (TTM) | – $16.39 M |
| EPS (TTM) | – $0.49 |
| Price/Sales | 0.76 |
| Price/Book | 0.98 |
| Debt/Equity | 24.25% |
| Total Cash (most recent quarter) | $109.28 M |
| Forward P/E | 37.31 |
| PEG Ratio (5yr expected) | 0.53 |
| Beta (5Y Monthly) | 1.75 |
Strategically, Ichor positions itself as a partner by outsourcing certain tool designs and support services to its OEM customers. Its engineering teams focus on product introductions, supply-chain flexibility, and improvements in cost, quality, and lead times.
Market Position and Industry Context
Ichor operates in the semiconductor manufacturing equipment sector, supplying fluid delivery subsystems essential for processes such as etch, deposition, electroplating, and cleaning. The capital equipment industry is cyclical and sensitive to economic conditions, regulatory changes, and supply-chain disruptions. Within this context, Ichor competes based on engineering precision, modular architectures, and integration services.
tl;dr
On August 5, 2025, Ichor filed its Q2 2025 Form 10-Q and reported a share price of $14.55, down 27.76% from the previous close. Its trailing twelve-month results indicate $892 million in revenue and a net loss of $16.39 million. Analysts maintain a "SELL" rating with target prices between $17.00 and $18.00. Upcoming earnings are scheduled for November 3, 2025.