Ichor Holdings (ICHR) Options Positioning, Max Pain & Unusual Sweeps

Per the Roarable RQD rating, ICHR carries an RQD Score of 32 out of 100, a letter grade of E, and a verdict label of "Roarable Strong Sell — Forensic Risk / Avoid." The five pillars are scored as follows:

• Fundamental Cash Engine: 7 / 20. The pillar cites ROIC of -4.5% and FCF yield of -0.4%. For a prospective investor, this indicates the business is not currently generating a return on invested capital above zero, and free cash flow relative to market value is negative. Valuation support from cash generation is absent on these figures.
• Whale 13F Flow: 4 / 20. The pillar covers institutional accumulation and options positioning. The score is low, which signals weak institutional conviction in the source data. Per the source, no holder-level detail is provided, so the drivers of this score cannot be verified.
• Insider Conviction: 3 / 20. The pillar reflects SEC Form 4 and Congressional PTR cluster flow. This is the lowest pillar score, indicating weak insider signal. No underlying transaction records are included in the source data.
• Macro Regime Fit: 4 / 20. The pillar cites a beta of 1.0 and sector sensitivity. A beta of 1.0 means the stock is modeled to move in line with the market; the low score reflects how the rating model weights this profile against the current regime.
• Forensic Balance Sheet: 14 / 20. The pillar cites an Altman Z-Score of 4.84, a Piotroski F-Score of 5/9, and a Debt/Equity ratio of 0.18. This is the strongest pillar and the only one above a mid-range score. It indicates the balance sheet is comparatively sound even as operating economics are weak.

Investor implications: the rating is driven primarily by weak cash generation, weak institutional and insider signals, and a low macro-fit score. The balance sheet provides some offset but does not lift the overall grade out of the E range. Upside drivers would need to come from improved margins and returns, which the reported figures do not yet show. Valuation tradeoffs are unresolved because forward earnings and multiples are not available in source data. This is an analytical framing of the rating, not personalized financial advice.

Ichor Holdings (ICHR) is a NASDAQ-listed issuer in the Technology sector, operating in the Semiconductors industry, per the company profile. The profile reports a market capitalization of $1.6B. Per the SEC financials, the company reported revenue of $947.7M in FY 2025. The source data does not describe specific products, customers, or the detailed revenue model.

Per the market data, gross margin is 9.3%, operating margin is -4.1%, and net margin is -5.6%, with ROIC at -4.5%. Per the Roarable RQD rating, the Altman Z-Score is 4.84 and the Piotroski F-Score is 5/9. Debt/Equity is 0.18 per the same rating. Revenue grew between FY 2023 and FY 2025 while net losses persisted in each reported period, and FY 2025 free cash flow turned negative after a positive FY 2024.

Per the recent news feed, six items reference ICHR, sourced from Yahoo! Finance Canada, StockInvest.us, GuruFocus, Simply Wall St, Seeking Alpha, and Yahoo Finance. Five are tagged as market wire items with yellow signal lights, and one, from Simply Wall St, is tagged as a catalyst with a green light. Headlines reference a stock price forecast, a reported 9.2% decline, a view that the sell-off looks overdone as margins improve, and a reference to a 111% run. The feed does not include the underlying article text, so the specific claims cannot be confirmed beyond the headlines. Per the Butterfly Supply-Chain Graph, the supply chain is listed as NONE, with no butterfly links and no proprietary signals.

Per the Butterfly Supply-Chain Graph, no upstream or downstream links are recorded, and no proprietary signals are present. Sector correlations and second-order bottlenecks cannot be mapped from the source data. Investors should note that the absence of mapped links means the source offers no basis for assessing ripple effects through suppliers or customers.

• What are ICHR's specific products, end markets, and customer concentration, given the source provides only sector and industry labels?
• What drives the gap between FY 2024 and FY 2025 operating losses, and does the margin improvement referenced in the news headlines appear in reported figures?
• What are current EPS, forward earnings, and valuation multiples, since the source data leaves P/E, EV/EBITDA, and EPS unavailable?
• Who are the institutional and insider holders behind the whale and insider pillar scores, given the holders section is empty?
• What are the cash and debt figures for FY 2023, which are listed as not available?