Sign in

You're signed outSign in or to get full access.

Linda Umwali

Research Associate and Analyst-Equity at D.A. Davidson

Linda Umwali is a Research Associate and Analyst-Equity at D.A. Davidson & Co., specializing in equity research with a focus on semiconductor-related companies. She covers specific firms such as Ichor Holdings (ICHR), where she has actively participated in earnings calls and recently reiterated a Buy rating while raising the price target from $30 to $53, signaling strong confidence in its performance amid positive analyst sentiment. Umwali joined D.A. Davidson on January 31, 2021, marking the start of her professional career after earning an undergraduate degree from Washington State University, with no prior firms noted in available records. Her credentials include association with a FINRA-registered broker-dealer, though specific securities licenses are not detailed.

Linda Umwali's questions to ICHOR HOLDINGS (ICHR) leadership

Question · Q4 2025

Linda Umwali followed up on the Lithography business, asking why it's expected to be flat quarter-over-quarter before picking up later in the year, given previous assumptions that inventory challenges and unfavorable market demand had been resolved. She then asked about the broader industry demand, specifically if the surging DRAM and NAND prices are primarily driven by capacity shifts towards AI applications or other factors.

Answer

CEO Phil Barros explained that while the Lithography customer expects a pickup in orders, they still have inventory to digest, expected to clear by Q3, leading to an uptick in Q4. Regarding broader demand, Phil Barros confirmed AI applications are definitely drivers, along with a lack of DRAM and NAND capacity, and noted strong and strengthening foundry logic, indicating growth across all major market segments.

Ask follow-up questions

Fintool

Fintool can predict ICHOR HOLDINGS logo ICHR's earnings beat/miss a week before the call

Question · Q4 2025

Linda Umwali followed up on the lithography business, asking about the expected flat quarter-over-quarter performance and later pickup, given previous assumptions that customer inventory challenges and unfavorable market demand had resolved. She also inquired about the broader industry demand drivers for surging DRAM and NAND prices, specifically if it's mostly AI applications or other factors.

Answer

CEO Phil Barros explained that while the EUV customer expects an order pickup, they still have inventory to digest, which Ichor anticipates will be resolved by Q3, leading to an uptick in Q4, though with some caution. Regarding broader demand, Phil Barros confirmed that AI applications are definitely driving the demand, coupled with a lack of capacity in DRAM and NAND, and strong growth is also seen across foundry logic, indicating a broad market strengthening.

Ask follow-up questions

Fintool

Fintool can write a report on ICHOR HOLDINGS logo ICHR's next earnings in your company's style and formatting