Ichor Holdings Future Growth
Future criteria checks 4/6
Ichor Holdings is forecast to grow earnings and revenue by 54% and 14.7% per annum respectively. EPS is expected to grow by 59.1% per annum. Return on equity is forecast to be 6.8% in 3 years.
Key information
54.0%
Earnings growth rate
59.12%
EPS growth rate
| Semiconductor earnings growth | 25.8% |
| Revenue growth rate | 14.7% |
| Future return on equity | 6.77% |
| Analyst coverage | Good |
| Last updated | 06 May 2026 |
Recent future growth updates
Recent updates
Narrative Update • May 07
ICHR: Up Cycle Margin Hopes Will Eventually Pressure Share Returns
The updated fair value estimate for Ichor Holdings has shifted from $36.00 to $53.00 as analysts react to a series of higher price targets, citing expectations for revenue growth, improving profit margins, and a higher future P/E multiple. Analyst Commentary Recent Street research around Ichor Holdings centers on a wave of higher price targets and upgrades, with several firms resetting their expectations for the stock.Seeking Alpha • Apr 28
Ichor's Margin Inflection Is Taking Shape Ahead Of Q1
Summary I am rating Ichor Holdings a Strong Buy rating based on its position in the semiconductor supply chain and rapid earnings inflection potential. ICHR benefits from AI-driven demand for advanced logic, HBM, and advanced packaging, aligning its product set with key industry growth drivers. 2025 earnings were distorted by restructuring and under-absorption, but margin tailwinds are expected as restructuring noise fades by mid-2026. Management guides for sequential revenue growth in every quarter of 2026, with margin normalization and scale from Mexico and Malaysia operations. Read the full article on Seeking AlphaNarrative Update • Apr 20
ICHR: Margin Up Cycle Optimism Will Constrain Future Share Returns
The analyst fair value estimate for Ichor Holdings has shifted from $22.00 to $36.00, reflecting updated Street price targets and analyst views that cyclically improving conditions and a potential up-cycle in gross margins justify revisiting key inputs in the valuation framework. Analyst Commentary Recent Street research around Ichor Holdings has centered on where the company sits in the current margin cycle and how much optimism is already reflected in the share price.
Narrative Update • Apr 06
ICHR: Fair Value View Weighs Margin Upswing Against Cyclical Execution Risk
The analyst price target for Ichor Holdings has increased to $50.43 from $46.86, as analysts point to an improved gross margin outlook and a strengthening cyclical backdrop for the business. Analyst Commentary Recent research updates show a clear shift in sentiment around Ichor Holdings, with several firms adjusting ratings and targets as they reassess the company’s margin profile and exposure to the current cycle.
Narrative Update • Mar 23
ICHR: Up Cycle Sweet Spot Will Set Up Future Upside Rebound
The analyst fair value estimate for Ichor Holdings has moved from $30 to $55, as analysts point to a strengthening cyclical backdrop and improving gross margin trajectory entering what they describe as an up-cycle sweet spot. Analyst Commentary Recent Street research on Ichor Holdings points to a cluster of bullish reassessments, with several bullish analysts revisiting their models and valuation frameworks in light of what they view as a more supportive cyclical setup and improving profitability profile.Narrative Update • Mar 09
ICHR: Fair Value View Will Test Clustered Upgrades Against Execution Risk
The updated analyst price target for Ichor Holdings has remained unchanged, with analysts citing adjustments to the discount rate and P/E assumptions, along with a steady fair value estimate, as the main factors behind the revision. Analyst Commentary Street research around Ichor Holdings has been active, with several firms adjusting price targets and one firm shifting its rating stance.Narrative Update • Feb 23
ICHR: Fair Value View Weighs Clustered Upgrades Against Execution Risk
The analyst fair value estimate for Ichor Holdings has shifted from $29.86 to $46.86, with analysts pointing to updated assumptions on revenue growth, margins and discount rates, alongside a series of recent price target increases and an upgrade in Street research. Analyst Commentary Recent Street research on Ichor Holdings has been active, with several price target revisions and one rating change grouped closely together in time.Narrative Update • Feb 08
ICHR: Elevated Execution Bar Will Restrain Future Share Upside
Analysts have lifted their fair value estimate for Ichor Holdings from US$19.00 to US$22.00, reflecting updated assumptions on discount rates, revenue growth, profit margins, and a very large future P/E multiple, informed by recent Street research that includes both higher price targets and a valuation caution around limited margin for error. Analyst Commentary Street research around Ichor Holdings has been mixed, with several firms lifting price targets while at least one bearish analyst has shifted to a more cautious stance.Narrative Update • Jan 25
ICHR: Fair Value View Balances CEO Transition And Customer Demand Uncertainty
Analysts have raised their average fair value estimate for Ichor Holdings from about US$24.17 to roughly US$29.86. This change reflects recent price target revisions and updated assumptions regarding discount rates, revenue growth, profit margins, and future P/E expectations.Analysis Article • Jan 14
Ichor Holdings, Ltd. (NASDAQ:ICHR) Shares Fly 47% But Investors Aren't Buying For Growth
Ichor Holdings, Ltd. ( NASDAQ:ICHR ) shares have had a really impressive month, gaining 47% after a shaky period...Narrative Update • Jan 11
ICHR: Weak Q4 Outlook And Margin Pressures Will Restrain Share Upside
Analysts have lifted their fair value estimate for Ichor Holdings by US$1.00 to US$19.00, citing updated assumptions for revenue growth, profit margins, discount rate, and a lower future P/E multiple after recent Q4 guidance pressures and a reduced US$30 price target from prior US$35 in Street research. Analyst Commentary Bearish analysts are highlighting several pressure points around Ichor Holdings, linking recent guidance and order trends to risks for valuation, execution, and future growth expectations.Narrative Update • Dec 26
ICHR: Order Timing Disruptions Will Set Up Future Upside Rebound
Analysts have trimmed their 12 month price target for Ichor Holdings to $30.00 from $35.00, reflecting weaker near term guidance tied to order pull ins from major customers, softness among secondary customers, and push outs in higher margin segments. Analyst Commentary Bullish analysts acknowledge that the reduced price target reflects near term execution risk, but they continue to see meaningful upside from current trading levels.Narrative Update • Dec 12
ICHR: Pull Ins And Project Delays Will Set Up Rebound Opportunity
Analysts have trimmed their price target on Ichor Holdings to $30.00 from $35.00, citing weaker Q4 guidance tied to earlier Q3 pull ins from key customers, expected softness at mid tier accounts, and project push outs in its highest margin segment. Analyst Commentary Bullish analysts acknowledge the near term pressure on Ichor Holdings, but emphasize that the revised price target still implies meaningful upside from current trading levels.Analysis Article • Nov 30
Benign Growth For Ichor Holdings, Ltd. (NASDAQ:ICHR) Underpins Stock's 26% Plummet
Ichor Holdings, Ltd. ( NASDAQ:ICHR ) shareholders won't be pleased to see that the share price has had a very rough...Analysis Article • Oct 16
Ichor Holdings, Ltd. (NASDAQ:ICHR) Shares Fly 36% But Investors Aren't Buying For Growth
Ichor Holdings, Ltd. ( NASDAQ:ICHR ) shares have had a really impressive month, gaining 36% after a shaky period...Analysis Article • Aug 21
Why Investors Shouldn't Be Surprised By Ichor Holdings, Ltd.'s (NASDAQ:ICHR) 25% Share Price Plunge
NasdaqGS:ICHR 1 Year Share Price vs Fair Value Explore Ichor Holdings's Fair Values from the Community and select yours...Narrative Update • Aug 08
Digital Transformation And US CHIPS Act Will Drive Semiconductor Demand
Analysts maintained Ichor Holdings’ price target at $24.17, citing optimism over improving semiconductor demand, memory market recovery, and anticipated revenue growth. Analyst Commentary Encouragement from improving NAND and enterprise solid-state drive demand signals heading into the second half of 2025.Narrative Update • Aug 08
Digital Transformation And US CHIPS Act Will Drive Semiconductor Demand
Despite encouraging demand signals for NAND and enterprise solid-state drives entering the second half of 2025, the consensus analyst price target for Ichor Holdings remained unchanged at $24.17. Analyst Commentary Encouraging demand signals for NAND and enterprise solid-state drives entering the second half of 2025.Narrative Update • Aug 08
Digital Transformation And US CHIPS Act Will Drive Semiconductor Demand
Analysts maintain a stable price target of $24.17 for Ichor Holdings, citing improving demand visibility, expectations of a cyclical semiconductor recovery, and anticipated margin expansion as key drivers of their confidence. Analyst Commentary Bullish analysts are optimistic due to improving demand signals for NAND and enterprise solid-state drives heading into the second half of 2025.Analysis Article • Jul 02
Ichor Holdings, Ltd.'s (NASDAQ:ICHR) Share Price Boosted 34% But Its Business Prospects Need A Lift Too
Ichor Holdings, Ltd. ( NASDAQ:ICHR ) shareholders are no doubt pleased to see that the share price has bounced 34% in...Analysis Article • Jun 25
Here's Why Ichor Holdings (NASDAQ:ICHR) Can Afford Some Debt
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...New Narrative • May 29
AI And Cloud Computing Trends Will Redefine Semiconductor Manufacturing
Proprietary component integration and manufacturing expansion are set to increase margins, improve earnings, and enhance resilience against market and tariff risks.New Narrative • May 29
AI And Cloud Computing Trends Will Redefine Semiconductor Manufacturing
Proprietary component integration and manufacturing expansion are set to increase margins, improve earnings, and enhance resilience against market and tariff risks.New Narrative • May 29
AI And Cloud Computing Trends Will Redefine Semiconductor Manufacturing
Proprietary component integration and manufacturing expansion are set to increase margins, improve earnings, and enhance resilience against market and tariff risks.Analysis Article • Mar 29
Ichor Holdings, Ltd. (NASDAQ:ICHR) Looks Inexpensive After Falling 25% But Perhaps Not Attractive Enough
The Ichor Holdings, Ltd. ( NASDAQ:ICHR ) share price has fared very poorly over the last month, falling by a...Analysis Article • Mar 27
Ichor Holdings (NASDAQ:ICHR) Is Making Moderate Use Of Debt
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Seeking Alpha • Jan 15
Ichor Holdings: A Recovery In The Making
Summary Ichor Holdings has grown significantly since its IPO, leveraging M&A and organic growth to double revenues and diversify its business. After a painful down-cycle in 2023 and 2024, the company sees momentum improve heading into 2025, as the balance sheet is strong again. I remain a patient long-term holder, seeing fair to compelling value in Ichor's strategic positioning, with room for shares to outperform this year. Read the full article on Seeking AlphaAnalysis Article • Jan 04
Revenues Working Against Ichor Holdings, Ltd.'s (NASDAQ:ICHR) Share Price
With a price-to-sales (or "P/S") ratio of 1.4x Ichor Holdings, Ltd. ( NASDAQ:ICHR ) may be sending very bullish signals...Analysis Article • Dec 04
Here's Why Ichor Holdings (NASDAQ:ICHR) Can Afford Some Debt
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...Seeking Alpha • Sep 27
Ichor Holdings: Trade Restrictions Overshadow Positives Elsewhere
Summary ICHR is seeing early signs of a rebound in demand, but any lift the stock could have gotten was negated by headwinds elsewhere. The stock had broken out, but the rally was snuffed out when it became apparent the U.S. government was looking to introduce trade restrictions on China. Trade restrictions could adversely impact ICHR, but they could also benefit ICHR short term, in part because the details are needed. The stock is caught in a holding pattern close to potential support and waiting for a catalyst, which may come as soon as next month. Read the full article on Seeking AlphaAnalysis Article • Sep 04
Here's Why Ichor Holdings (NASDAQ:ICHR) Can Afford Some Debt
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Analysis Article • Jul 18
There's No Escaping Ichor Holdings, Ltd.'s (NASDAQ:ICHR) Muted Revenues
With a price-to-sales (or "P/S") ratio of 1.6x Ichor Holdings, Ltd. ( NASDAQ:ICHR ) may be sending very bullish signals...Seeking Alpha • Jul 10
Ichor Holdings: Goes For Another Attempt At Breaking Out
Summary The stock has made it above a resistance level that has given ICHR problems in the past 2.5 years, an encouraging sign for the bulls. The rally seems to be happening in anticipation of a rebound in demand in 2025 as called for by the outlook, but the outlook could be off. ICHR seems to be doing much worse than its customers, and there may be different reasons causing this, some okay and some not so okay. The breakout in the charts could be for real this time, but it will probably need more supporting arguments than it has now if it is to happen. Read the full article on Seeking AlphaSeeking Alpha • Apr 08
Ichor Holdings: Needs To Deliver Or It Will Be Down She Goes
Summary Ichor Holdings continues to struggle in several areas, but an upbeat outlook was able to come to the rescue of the stock by overcoming resistance. Recent quarterly results were worse than expected, but the outlook calling for a strong recovery over the next two years overshadowed everything. The outlook clarifies much of what to expect, but this could become an issue if the outlook turns out to be inaccurate. ICHR needs to be right with its outlook, or the stock could be in trouble after rallying on the back of the outlook. Read the full article on Seeking AlphaEarnings and Revenue Growth Forecasts
| Date | Revenue | Earnings | Free Cash Flow | Cash from Op | Avg. No. Analysts |
|---|---|---|---|---|---|
| 12/31/2028 | 1,448 | 20 | 8 | 38 | 1 |
| 12/31/2027 | 1,441 | 72 | 6 | 63 | 7 |
| 12/31/2026 | 1,198 | 24 | -2 | 33 | 7 |
| 3/27/2026 | 959 | -51 | -17 | 8 | N/A |
| 12/26/2025 | 948 | -53 | -6 | 30 | N/A |
| 9/26/2025 | 957 | -41 | -19 | 18 | N/A |
| 6/27/2025 | 929 | -21 | -19 | 17 | N/A |
| 3/28/2025 | 892 | -16 | 10 | 42 | N/A |
| 12/27/2024 | 849 | -21 | 10 | 28 | N/A |
| 9/27/2024 | 819 | -29 | 52 | 68 | N/A |
| 6/28/2024 | 805 | -36 | 52 | 64 | N/A |
| 3/29/2024 | 787 | -52 | 60 | 73 | N/A |
| 12/29/2023 | 811 | -43 | 42 | 58 | N/A |
| 9/29/2023 | 909 | -17 | 39 | 59 | N/A |
| 6/30/2023 | 1,068 | 23 | 49 | 74 | N/A |
| 3/31/2023 | 1,213 | 65 | 24 | 57 | N/A |
| 12/30/2022 | 1,280 | 73 | 2 | 31 | N/A |
| 9/30/2022 | 1,266 | 73 | -41 | -16 | N/A |
| 7/1/2022 | 1,173 | 63 | -70 | -51 | N/A |
| 4/1/2022 | 1,125 | 64 | -66 | -47 | N/A |
| 12/31/2021 | 1,097 | 71 | -6 | 15 | N/A |
| 9/24/2021 | 1,055 | 69 | 44 | 65 | N/A |
| 6/25/2021 | 1,020 | 61 | 82 | 102 | N/A |
| 3/26/2021 | 959 | 45 | 72 | 85 | N/A |
| 12/25/2020 | 914 | 33 | 28 | 38 | N/A |
| 9/25/2020 | 859 | 29 | 18 | 30 | N/A |
| 6/26/2020 | 785 | 19 | -1 | 11 | N/A |
| 3/27/2020 | 703 | 13 | 18 | 37 | N/A |
| 12/27/2019 | 621 | 11 | N/A | 57 | N/A |
| 9/27/2019 | 573 | 6 | N/A | 58 | N/A |
| 6/28/2019 | 594 | 15 | N/A | 51 | N/A |
| 3/29/2019 | 703 | 43 | N/A | 61 | N/A |
| 12/28/2018 | 824 | 58 | N/A | 60 | N/A |
| 9/28/2018 | 865 | 74 | N/A | 65 | N/A |
| 6/29/2018 | 854 | 78 | N/A | 61 | N/A |
| 3/30/2018 | 765 | 61 | N/A | 50 | N/A |
| 12/29/2017 | 656 | 57 | N/A | 39 | N/A |
| 9/29/2017 | 604 | 39 | N/A | 25 | N/A |
| 6/30/2017 | 546 | 25 | N/A | 31 | N/A |
| 3/31/2017 | 481 | 17 | N/A | 22 | N/A |
| 12/30/2016 | 406 | 5 | N/A | 28 | N/A |
| 9/23/2016 | 339 | -5 | N/A | 20 | N/A |
| 6/24/2016 | 308 | -2 | N/A | 21 | N/A |
| 3/25/2016 | 289 | -8 | N/A | 16 | N/A |
| 12/25/2015 | 291 | -9 | N/A | 27 | N/A |
| 6/26/2015 | 234 | -4 | N/A | 12 | N/A |
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ICHR is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (3.5%).
Earnings vs Market: ICHR is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: ICHR is expected to become profitable in the next 3 years.
Revenue vs Market: ICHR's revenue (14.7% per year) is forecast to grow faster than the US market (11.4% per year).
High Growth Revenue: ICHR's revenue (14.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ICHR's Return on Equity is forecast to be low in 3 years time (6.8%).
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/07 12:45 |
| End of Day Share Price | 2026/05/07 00:00 |
| Earnings | 2026/03/27 |
| Annual Earnings | 2025/12/26 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Ichor Holdings, Ltd. is covered by 11 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Craig Ellis | B. Riley Securities, Inc. |
| Christian Schwab | Craig-Hallum Capital Group LLC |
| Linda Umwali | D.A. Davidson & Co. |