Ichor makes the gas and chemical delivery systems that semiconductor equipment makers use to precisely feed materials into chip fabrication machines.
Revenue comes from selling these fluid-handling subsystems and components to OEMs like Applied Materials and Lam Research. The business is currently unprofitable, with a gross margin around 10% and negative net margins, indicating thin, cost-sensitive operatio
Ichor's moat is weak: its products are highly engineered but face direct competition from companies like Ultra Clean Holdings and Entegris, and customers can switch suppliers if pricing or technology shifts. No durable barrier like proprietary standards or net
Sell (sector percentile 16) — value C, growth B, profitability D, momentum B+, revisions D. Updated daily, sector-relative, identical for every user.
Key events, in time order
Q2 call confirms 15% sequential revenue growth, strengthening demand, extending earnings beat line
EPS $0.34 beat estimates, revenue up 15% sequentially on strong semi equipment demand
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