Zacks Investment Research·5d ago
UCTT Rides on Solid Growth Dynamics: Should You Buy the Stock Now?Ultra Clean rides rising AI and HBM investments, expanding capacity and improving operating leverage as semiconductor equipment demand strengthens.
Ultra Clean Holdings is experiencing a robust demand recovery, with revenue surging 24.3% year-over-year to $644.9M in 2026Q2, the strongest growth in the series. However, this growth is accompanied by persistent structural margin constraints (gross margin at ...
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Revenue accelerated 24.3% year-over-year to $644.9M in 2026Q2, yet gross margin remained range-bound at 16.1%, reflecting persistent structural constraints despite a 159% sequential jump in operating income to $29.5M.
Ultra Clean Holdings provides critical components for AI chip manufacturing, positioning it as a key beneficiary of growing AI infrastructure demand.
The company issued upbeat Q1 2026 guidance and a favorable multi-year revenue growth forecast, driven by semiconductor spending trends.
Positive analyst commentary and endorsements have heightened investor interest in Ultra Clean's growth potential and market positioning.
Trailing total returns as of 9/23/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q3 2026Latest Aug 3, 2026 | $0.70+31.8% vs $0.53 | $645M+9.7% vs $588M |
Q2 2026 Apr 28, 2026 | $0.31+14.8% vs $0.27 | $534M+1.6% vs $525M |
Q1 2026 Feb 23, 2026 | $0.22-4.3% vs $0.23 | $507M+0.6% vs $503M |
Q4 2025 Oct 28, 2025 | $0.28+16.7% vs $0.24 | $510M+1.3% vs $503M |
Ultra Clean rides rising AI and HBM investments, expanding capacity and improving operating leverage as semiconductor equipment demand strengthens.
AI infrastructure demand is fueling growth in semiconductor equipment, with AMKR, UCTT and FORM offering major price upside.
Ultra Clean Holdings maintains strong fundamentals despite sector pullback, supported by robust Q2 results and a clear capacity expansion plan. UCTT targets $5 billion annual revenue by 2028, with capacity expansions aligned to rising WFE spending forecasts and direct customer demand. Management revised 2027 WFE spending guidance upward to $190-220 billion, positioning UCTT to achieve its UCT 3.0 framework ahead of schedule.
Ultra Clean Holdings delivered strong Q2 results, with revenue up 24.3% year-over-year and a non-GAAP EPS beat. Despite robust performance and raised guidance, UCTT shares fell due to profit-taking and concerns over negative operating cash flow from inventory build-up. Management forecasts Q3 revenue of $700–$750 million and expects gross margins to move toward 20% next year as utilization rises.
Benchmark UCTT against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Ultra Clean Holdings, Inc. (UCTT)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $76.55 | $3.43B | -19.14 | -2.08% | -8.82% | -21.07% | 0% | |
| $57.44 | $2B | -37.30 | 11.61% | -3.97% | -5.61% | — | |
| $260.37 | $17.59B | 59.58 | 9.62% | 10.12% | 15.83% | — | |
| $34.28 | $1.58B | -28.10 | 3.55% | -20.02% | -7.56% | — | |
| $151.11 | $23.04B | 97.49 | -1.38% | 9.18% | 7.61% | — | |
| $151.36 | $7.06B | 145.54 | 15.57% | 7.4% | 5.82% | — |
Ultra Clean Holdings, Inc. (UCTT) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
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Ultra Clean Holdings, Inc. (UCTT) SEC filings — annual & quarterly reports (10-K, 10-Q)
Aug 6, 2026·SEC
Aug 3, 2026·SEC
Jul 8, 2026·SEC
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Ultra Clean Holdings, Inc. (UCTT) stock FAQ — growth, dividends, profitability & financials explained
Ultra Clean Holdings, Inc. (UCTT) reported $2.20B in revenue for fiscal year 2025. This represents a 2506% increase from $84.3M in 2002.
Ultra Clean Holdings, Inc. (UCTT) saw revenue decline by 2.1% over the past year.
Ultra Clean Holdings, Inc. (UCTT) reported a net loss of $23.4M for fiscal year 2025.
Ultra Clean Holdings, Inc. (UCTT) does not currently pay a meaningful dividend. The company may be reinvesting profits for growth.
Ultra Clean Holdings, Inc. (UCTT) has a return on equity (ROE) of -21.1%. Negative ROE indicates the company is unprofitable.
Ultra Clean Holdings, Inc. (UCTT) had negative free cash flow of $113.1M in fiscal year 2025, likely due to heavy capital investments.
