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Ultra Clean Holdings (UCTT) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

Jul 23, 2026

After Close (Confirmed)

Period Ending

2026 (Q2)

Consensus EPS Forecast

0.53

Last Year’s EPS

0.27

Same Quarter Last Year

Analyst Consensus

Strong Buy

Based on 5 Analysts Ratings

Earnings Call Summary

Q1 2026

Earnings Call Date:Apr 28, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call presented several meaningful positives: sequential revenue and EPS growth, modest margin expansion, strong strategic positioning for an AI-driven WFE upcycle, materially improved financing (lower cost of capital) and bullish Q2 guidance. Key negatives centered on a sizeable operating cash flow swing to negative driven by inventory builds, a decline in services margin, modestly higher operating expenses and ongoing near-term variability and supply-chain/geopolitical risks. On balance, the highlights (notably demand momentum, financial engineering to reduce interest costs, and clear capacity runway) outweigh the lowlights, but company execution will need to manage working capital and margin dynamics as volumes ramp.

Company Guidance

UCT guided Q2 revenue of $565–$605 million (midpoint $585M) and non‑GAAP EPS of $0.44–$0.60 (midpoint $0.52), expecting quarter‑over‑quarter double‑digit growth into the second half and gross margin to be slightly higher in Q2 and to continue improving toward Q4. In Q1 the company delivered $533.7M revenue ($465.7M products, $68.0M services), gross margin 16.5% (product 14.6%, services 30%), operating margin 5.1%, operating expense $61.1M (11.4% of revenue), net income $14.5M ($0.31 on 46.3M shares), cash $323.5M and operating cash flow of -$33.3M. Management said its global footprint supports about $3B in revenue today and can scale to ~$4B with modest incremental capex (current run rate ~$2.0–2.2B; brick‑and‑mortar expansion to $4B possible in ~6–9 months), expects services to be roughly 10–12% of revenue as wafer starts ramp, and reiterated a strong WFE backdrop (customers citing $140–145B for 2026 and ~15%+ for 2027). Corporate actions to strengthen the balance sheet include a $600M zero‑coupon convertible note, full repayment of Term Loan B (saving ~ $30M in annual cash interest), upsizing the revolver to $250M from $150M with a 75bp margin reduction and maturity to 2031, and an expected drop in weighted‑average borrowing cost from ~6.2% to ~1.4%; the 2026 tax rate is expected in the low‑20% range.

Quarterly Revenue Growth

Total revenue of $533.7M in Q1 2026, up from $506.6M in Q4 2025, a sequential increase of $27.1M or ~5.35%.

Product and Services Revenue Increases

Product revenue rose to $465.7M from $442.4M (+$23.3M, ~5.27%) and services revenue increased to $68.0M from $64.2M (+$3.8M, ~5.92%).

Improving Gross Margins

Total gross margin improved to 16.5% from 16.1% (+0.4 percentage points). Product gross margin increased to 14.6% from 14.1% (+0.5pp) and services gross margin rose to 30.0% from 29.7% (+0.3pp).

Earnings and Profitability Progress

Net income of $14.5M vs $10.9M prior quarter (+$3.6M, +33.0%) and EPS of $0.31 vs $0.24 prior quarter (+$0.07, +29.2%). Operating margin improved to 5.1% from 4.9% (+0.2pp).

Balance Sheet and Liquidity Strengthening

Priced a $600M zero-coupon convertible senior notes offering, used proceeds to fully repay Term Loan B (reducing annual cash interest by ~ $30M). Revolving credit facility upsized from $150M to $250M, interest margin reduced by 75 bps and maturity extended to 2031. Expected weighted average borrowing rate reduced from ~6.2% to ~1.4%.

Bullish Guidance and Near-Term Momentum

Q2 2026 guidance: revenue $565M–$605M and EPS $0.44–$0.60 (midpoint implies ~9.6% sequential revenue increase from Q1 midpoint), management reports demand building week-by-week tied to AI-driven WFE spending.

Strategic Positioning for AI-Driven Cycle

UCT emphasizes UCT 3.0 initiatives (ramp readiness, MPX/NPI acceleration, digital transformation) and reports alignment with customers on early-stage multiyear AI infrastructure upcycle driven by increased WFE investment (customers quoting $140–$145B WFE in 2026).

Scalable Global Footprint and Capacity Runway

Current global footprint supports ~ $3B in revenue today and can scale to ~ $4B with modest incremental capital investment; brick-and-mortar capacity can reach $4B with ~6–9 months lead time, providing runway to capture increased demand.

Ultra Clean Holdings (UCTT) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

UCTT Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jul 23, 2026	2026 (Q2)	0.53 / -	0.27	―	―	―
Apr 28, 2026	2026 (Q1)	0.26 / 0.31	0.28	10.71% (+0.03)
Feb 23, 2026	2025 (Q4)	0.22 / 0.22	0.51	-56.86% (-0.29)
Oct 28, 2025	2025 (Q3)	0.22 / 0.28	0.35	-20.00% (-0.07)
Jul 28, 2025	2025 (Q2)	0.27 / 0.27	0.32	-15.62% (-0.05)
Apr 28, 2025	2025 (Q1)	0.31 / 0.28	0.27	3.70% (+0.01)
Feb 24, 2025	2024 (Q4)	0.44 / 0.51	0.19	168.42% (+0.32)
Oct 28, 2024	2024 (Q3)	0.33 / 0.35	0.04	775.00% (+0.31)
Jul 25, 2024	2024 (Q2)	0.26 / 0.32	0.16	100.00% (+0.16)
May 06, 2024	2024 (Q1)	0.13 / 0.27	0.17	58.82% (+0.10)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

UCTT Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Apr 28, 2026	$78.25	$72.01	-7.97%
Feb 23, 2026	$61.41	$71.96	+17.18%
Oct 28, 2025	$29.84	$28.59	-4.19%
Jul 28, 2025	$24.73	$24.58	-0.61%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Ultra Clean (UCTT) report earnings?

Ultra Clean (UCTT) is schdueled to report earning on Jul 23, 2026, After Close (Confirmed).

What is Ultra Clean (UCTT) earnings time?

Ultra Clean (UCTT) earnings time is at Jul 23, 2026, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is UCTT EPS forecast?

UCTT EPS forecast for the fiscal quarter 2026 (Q2) is 0.53.