Ultra Clean (NASDAQ:UCTT) Announces Earnings Results

Posted by Stanley Muller on Aug 4th, 2026

Ultra Clean (NASDAQ:UCTT – Get Free Report) posted its quarterly earnings data on Monday. The semiconductor company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.53 by $0.17, Briefing.com reports. Ultra Clean had a negative net margin of 9.38% and a positive return on equity of 4.28%. The firm had revenue of $644.90 million during the quarter, compared to analyst estimates of $587.65 million. During the same quarter last year, the business posted $0.27 EPS. The company’s revenue for the quarter was up 24.3% on a year-over-year basis. Ultra Clean updated its Q3 2026 guidance to 0.830-1.030 EPS.

Here are the key takeaways from Ultra Clean’s conference call:

Q2 revenue reached a record $644.9 million, up from $533.7 million in Q1, while EPS rose to $0.70 from $0.31. Higher volumes improved total gross margin to 16.7% and operating margin to 7.0%.
UCT expects Q3 revenue of $700 million to $750 million, reflecting continued demand across its Products and Services businesses and momentum from AI-related semiconductor investment.
The company added 26,000 square feet of clean-room capacity in Malaysia and plans further expansions in Singapore and the Czech Republic, targeting a $4 billion annualized revenue capacity by mid-2027 and $5 billion by the second half of 2028.
Management sees potential for UCT to outgrow the market as customers outsource more subsystem production amid constrained internal capacity, while customer concentration improved as the top two customers fell from 64% to the high-50% range of revenue.
Cash and equivalents declined to $255.9 million, with operating cash flow negative $41.1 million, as the company invested heavily in inventory and working capital to prepare for anticipated demand. Management also warned that continued industry growth could create supply-chain component shortages and delivery pressure.

Ultra Clean Price Performance

Shares of NASDAQ UCTT opened at $89.17 on Tuesday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.72 and a current ratio of 3.07. The stock has a market cap of $4.00 billion, a PE ratio of -20.79, a price-to-earnings-growth ratio of 1.11 and a beta of 1.88. Ultra Clean has a fifty-two week low of $21.49 and a fifty-two week high of $144.22. The stock has a fifty day moving average of $100.63 and a 200-day moving average of $76.50.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on UCTT. Weiss Ratings downgraded shares of Ultra Clean from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, July 24th. UBS Group started coverage on shares of Ultra Clean in a research note on Tuesday, May 5th. They issued a “buy” rating and a $130.00 target price on the stock. TD Cowen increased their target price on shares of Ultra Clean from $100.00 to $130.00 and gave the company a “buy” rating in a research report on Thursday, July 9th. Wall Street Zen lowered shares of Ultra Clean from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Zacks Research raised shares of Ultra Clean from a “hold” rating to a “strong-buy” rating in a report on Monday, May 25th. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Ultra Clean has a consensus rating of “Buy” and a consensus target price of $113.40.

Check Out Our Latest Analysis on UCTT

Insider Activity

In other Ultra Clean news, General Counsel Paul Yoonku Cho sold 2,000 shares of the stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $86.89, for a total value of $173,780.00. Following the sale, the general counsel directly owned 15,844 shares in the company, valued at $1,376,685.16. This represents a 11.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jeffrey L. Mckibben sold 4,205 shares of the firm’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $87.00, for a total transaction of $365,835.00. Following the completion of the transaction, the insider directly owned 11,349 shares of the company’s stock, valued at approximately $987,363. The trade was a 27.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 48,034 shares of company stock worth $4,296,414 in the last three months. Insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Ultra Clean

Institutional investors and hedge funds have recently made changes to their positions in the business. Invesco Ltd. boosted its stake in Ultra Clean by 63.1% during the fourth quarter. Invesco Ltd. now owns 3,399,834 shares of the semiconductor company’s stock valued at $86,118,000 after buying an additional 1,315,407 shares during the period. Summit Global Investments bought a new position in Ultra Clean in the 4th quarter worth about $210,000. State of Tennessee Department of Treasury increased its stake in Ultra Clean by 25.1% in the 4th quarter. State of Tennessee Department of Treasury now owns 23,557 shares of the semiconductor company’s stock worth $597,000 after acquiring an additional 4,732 shares during the last quarter. XTX Topco Ltd purchased a new stake in shares of Ultra Clean in the 4th quarter valued at about $504,000. Finally, VARCOV Co. purchased a new stake in shares of Ultra Clean in the 4th quarter valued at about $361,000. Hedge funds and other institutional investors own 96.06% of the company’s stock.

Key Headlines Impacting Ultra Clean

Here are the key news stories impacting Ultra Clean this week:

Positive Sentiment: Ultra Clean reported second-quarter revenue of $644.9 million, up 24.3% year over year and above analyst estimates. Adjusted EPS of $0.70 also exceeded the roughly $0.52-$0.53 consensus, compared with $0.27 a year earlier. Ultra Clean Holdings Beats Q2 Earnings and Revenue Estimates
Positive Sentiment: Management’s third-quarter outlook was significantly above consensus, calling for EPS of $0.83-$1.03 versus an estimate of $0.67 and revenue of $700-$750 million versus $667.6 million. The guidance suggests continued demand momentum in the semiconductor-equipment supply chain. Ultra Clean Earnings Results and Conference Call
Positive Sentiment: The earnings call highlighted record quarterly revenue and year-over-year growth, reinforcing the company’s improving top-line trajectory. Ultra Clean Q2 2026 Earnings Call Highlights
Neutral Sentiment: Reported figures were less favorable than the adjusted results: diluted EPS was cited at $0.19, net income attributable to common shareholders was $8.7 million, and operating profit declined to $29.5 million. This difference could create confusion or temper enthusiasm despite the adjusted EPS beat. Ultra Clean Q2 2026 Financial Results Analysis
Negative Sentiment: Operating cash flow was negative $41.1 million for the quarter, while capital expenditures totaled $16.2 million. Continued cash conversion concerns may offset the company’s revenue and guidance strength.
Negative Sentiment: Recent insider activity showed 83 sales and no purchases over six months, a potential sentiment overhang for investors. UCTT also opened below its 50-day moving average, indicating near-term technical pressure despite trading above its 200-day average.

About Ultra Clean

(Get Free Report)

Ultra Clean Holdings, Inc is a global supplier of critical consumables and process tools for the semiconductor manufacturing industry. The company specializes in precision parts cleaning, chemical–mechanical planarization (CMP) slurries, surface conditioning pads, and specialty components used in wafer fabrication and advanced packaging. Ultra Clean also provides assembly and test hardware, tooling, and automated modules designed to support complex front-end and back-end processes in semiconductor fabs.

Ultra Clean’s product portfolio encompasses a range of cleaning systems and consumables aimed at particle and film removal, as well as CMP slurries and pads that are engineered for uniform material removal and planarization.