Ultra Clean Holdings (UCTT)
NASDAQ:UCTT
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Earnings Data
Report Date
Aug 03, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.53Last Year’s EPS
0.27Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
Earnings Call Summary
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
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.
UCTT Earnings History
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 Holdings (UCTT) report earnings?
Ultra Clean Holdings (UCTT) is schdueled to report earning on Aug 03, 2026, After Close (Confirmed).
What is Ultra Clean Holdings (UCTT) earnings time?
Ultra Clean Holdings (UCTT) earnings time is at Aug 03, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is UCTT EPS forecast?
UCTT EPS forecast for the fiscal quarter 2026 (Q2) is 0.53.