Earnings Releases·Oct 27, 2026, 4:07 PM ET

Ultra Clean Holdings, Inc. — Third Quarter 2026 Earnings Summary

Total revenue reached a record $759.0 million, up 18% sequentially and 49% year-over-year, driven by strong demand in the semiconductor capital equipment market.
GAAP net income turned positive at $39.1 million ($0.85 per share), a significant improvement from the $10.9 million loss in Q3 2025, while non-GAAP net income rose to $53.2 million ($1.15 per share).
Q4 2026 guidance sets revenue between $800 million and $860 million, with non-GAAP diluted net income per share projected between $1.11 and $1.35.
Capital activities included $600.0 million in proceeds from convertible notes and $40.0 million in common stock repurchases over the nine-month period, though cash reserves declined to $270.9 million amid a rise in inventory to $723.3 million.
Management highlighted execution of "UCT 3.0" to enhance agility and positioned the company to capitalize on the next phase of AI-driven industry expansion.