Ultra Clean Holdings, Inc. specializes in providing essential subsystems, intricate components, precision parts, and rigorous ultra-high purity cleaning and sophisticated analytical verification ...
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Est. EPS $0.95 · Revenue $728.07M · 3 analysts
Est. EPS $3.16 · Revenue $2.72B · 3 analysts
Est. EPS $1.37 · Revenue $891.77M · 1 analysts
Est. EPS $1.62 · Revenue $964.79M · 1 analysts
EPS $-0.11 · Revenue $518.60M
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $2.1B | -2.1% | +20.8% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $-181.2M | -864.6% | +148.6% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +15.7% | -7.5% | +1.7% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | +2.1% | -51.1% | +114.2% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | -8.8% | -880.8% | +140.2% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $15.3M | +920.0% | -33.6% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | +0.7% | +941.7% | -10.5% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | 114.0% | +50.8% | -2.4% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 3.19x | +10.4% | -11.0% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $1.7B | -9.9% | +3.4% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | -4.00 vs 1.05 | -479.2% | 0.19 vs 0.95 | -79.9% |
| Revenue Surprise | $2.1B vs $2.1B | +0.2% | $644.9M vs $728.1M | -11.4% |
| Date | Executive | Title | Security | Side | Shares | Price |
|---|---|---|---|---|---|---|
| Aug 31, 2026 | Cook Christopher S | officer: President, Products Division | Common Stock | D | 12,497 | $67.83 |
| Jul 2, 2026 | HARDING BRIAN E | officer: Chief Accounting Officer | Common Stock | D | 440 | $126.92 |
| Jul 2, 2026 | HARDING BRIAN E | officer: Chief Accounting Officer | Common Stock | D | 2,194 | $128.37 |
| Jul 2, 2026 | HARDING BRIAN E | officer: Chief Accounting Officer | Common Stock | D | 1,203 | $130.12 |
| Jun 26, 2026 | HARDING BRIAN E | officer: Chief Accounting Officer | Common Stock | A | 9,363 | — |
Good afternoon, ladies and gentlemen, and welcome to the Ultra Clean Q2 2026 Earnings Call. The call is being recorded on Monday, August 3, 2026. I would now like to turn the conference over to Rhonda Bennetto of Investor Relations.
Thank you, operator. Good afternoon, everyone, and thank you for joining us. With me today are James Xiao, Chief Executive Officer; Sheri Brumm, Chief Financial Officer; and Mike Keogh, Chief Financial Officer beginning August 5. James will begin with some prepared remarks about the industry and highlight some of the opportunities ahead for UCT. Sheri will follow with the financial review, and then we'll open up the call for questions. Today's call contains forward-looking statements that are subject to risks and uncertainties. For more information, please refer to the Risk Factors section in our SEC filings. All forward-looking statements are based on estimates, projections and assumptions as of today, and we assume no obligation to update them after this call. Discussion of our financial results will be presented on a non-GAAP basis. A reconciliation of GAAP to non-GAAP can be found in today's press release posted on our website. And with that, I'd like to turn the call over to James. James, please go ahead.
Thank you, Rhonda, and good afternoon, everyone. We appreciate you joining us for our Q2 2026 earnings call. This afternoon, I will discuss the industry environment and the trends shaping our customers' investment, provide an update on our execution against the UCT 3.0 strategy and highlight how we are positioning UCT to deliver sustainable growth and long-term value. Following that, Sheri will provide a financial update and then we will open up the call for questions. Throughout the second quarter, we saw increased demand across both our products and services businesses, reflecting healthy activity across all our end markets. Momentum is building as AI-driven investment reshapes the semiconductor capital equipment landscape, driving increased volume and complexity in the systems and components our customers require. As agentic AI becomes more mainstream, the incremental demand extends well beyond today's GPU-intensive training clusters and influences workloads utilizing higher volumes of CPU compute. For companies like UCT, the implications are particularly meaningful because every layer of semiconductor manufacturing must scale to support this next wave of infrastructure investment and AI chip demand expansion beyond GPU and HBM. As volume and complexity increase, customers are engaging more strategically with trusted partners like UCT earlier in the development cycle to help ensure manufacturing readiness and accelerate execution. As technologies advance, we're confident that we will play an even more important role in our customers' long-term technology road maps and capacity expansion. That confidence is reinforced by the unprecedented visibility our customers are sharing with us now. They are extending …
| Name | Title | Compensation | Gender | Year Born | Status |
|---|---|---|---|---|---|
Sheri L. Savage | Finance Advisor | USD 1,102,431 | Female | 1971 | Active |
Michael D. Keogh Jr. | Chief Financial Officer | USD 1,090,642 | Male | 1971 | Active |
Jinsong Xiao | Chief Executive Officer & Director | USD 990,976 | Male | 1971 | Active |
Christopher S. Cook | Chief Business Officer | USD 940,483 | Male | 1969 | Active |
Robert Wunar | Chief Operating Officer | USD 799,641 | Male | — | Active |
Jeffrey L. McKibben | Chief Information Officer | USD 769,076 | Male | 1963 | Active |
Cheryl Knepfler | Managing Director of Marketing | — | — | — | Active |
Brian E. Harding | Senior Vice President & Chief Accounting Officer | — | Male | 1981 | Active |
Rhonda Bennetto | Senior Vice President of Investor Relations | — | Female | — | Active |
Jamie J. Palfrey | Chief Human Resources Officer | — | Female | 1968 | Active |
Yoonku Cho | General Counsel & Corporate Secretary | — | Male | 1978 | Active |
The consensus price target hints at a 47.5% upside potential for Ultra Clean (UCTT). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
First Trust Advisors LP acquired a new position in shares of Ultra Clean Holdings, Inc. (NASDAQ: UCTT) in the undefined quarter, according to its most recent disclosure with the SEC. The fund acquired 6,066 shares of the semiconductor company's stock, valued at approximately $377,000. Several other large investors have also recently bought and
Ultra Clean Holdings (UCTT) earns a Hold rating after a 281% rally, as positive operating momentum is offset by weak cash flow and high leverage. Revenue, EBITDA, and operating income are recovering, driven by AI-related demand, but margins remain below cost-of-capital and free cash flow is negative. Inventory ballooned 61% year-over-year, absorbing $254M in cash and raising concerns about demand visibility and working capital management.
HAYWARD, Calif., Aug. 10, 2026 /PRNewswire/ -- Ultra Clean Holdings, Inc. (Nasdaq: UCTT), today announced its participation at the following investor conferences: August 11, 2026: Oppenheimer 29th Annual Technology, Internet & Communications Conference.August 19, 2026: 7th Annual Needham Virtual Semiconductor & SemiCap 1x1 Conference.
Ultra Clean (NASDAQ: UCTT) reported record second-quarter revenue as demand increased across its Products and Services businesses, with management pointing to AI-driven semiconductor investment and customer capacity expansions as key drivers of activity. Chief Executive Officer James Xiao said the semiconductor capital-equipment environment is being reshaped by investment in artificial intelligence infrastructure. He said demand is
