EL7.AI
StocksMediumUpdated×2•Originally published 27 October 2026•Updated 27 October 2026•
3 min read

Ultra Clean Posts Record $759 Million Revenue, Beats Third-Quarter Estimates

Key Facts

1Ultra Clean’s third-quarter 2026 revenue reached a record $759 million, exceeding estimates by $31.45 million.
2Adjusted non-GAAP earnings per share were $1.15, above estimates by $0.21.
3The company’s prior third-quarter guidance was revenue of $700 million to $750 million and non-GAAP earnings of $0.83 to $1.03 per share.
4Second-quarter revenue was $644.9 million, including $572.7 million from products and $72.2 million from services.

Ultra Clean Holdings reported record revenue of $759 million in the third quarter of 2026 and adjusted non-GAAP earnings per share of $1.15, according to a Seeking Alpha summary. Revenue beat analysts’ estimates by $31.45 million, while earnings per share exceeded estimates by $0.21. Results came in above the company’s previously set revenue range of $700 million to $750 million. Adjusted earnings per share also topped the high end of the company’s previous non-GAAP guidance of $1.03. The company had said results would be released after the market close on October 27, 2026.

Third-quarter results indicate the scale of improvement from the second quarter, when the company reported total revenue of $644.9 million. Products accounted for $572.7 million of that quarter’s revenue, compared with $72.2 million from services, according to the company’s filing with the U.S. Securities and Exchange Commission. Compared with analysts’ estimates of $728.1 million in revenue published before the results announcement, actual revenue was higher by $31.45 million. Analysts expected earnings of $0.94 per share, compared with second-quarter earnings of $0.70 per share. The third-quarter figure of $1.15 is adjusted non-GAAP earnings per share and should be distinguished from earnings figures reported under accounting standards.

In the second quarter, Ultra Clean posted a GAAP gross margin of 16.1% and an operating margin of 4.6%. Net income under those standards was $8.7 million, or $0.19 per diluted share. On a non-GAAP basis, gross margin reached 16.7% and operating margin was 7.0%. Adjusted net income was $32.3 million, or $0.70 per diluted share. These figures provide a baseline for comparison with third-quarter results, but the third-quarter figures presented here are limited to revenue and adjusted earnings per share.

Chief Executive James Xiao attributed second-quarter results that exceeded the high end of the company’s guidance to strong operational execution and increased customer demand. In a company statement, he said, "UCT delivered second-quarter results above the high end of our guidance range, reflecting strong operational execution and increased customer demand." He added that artificial intelligence is driving investment in the sector. In coverage ahead of the results announcement, an Investing.com article attributed to Reuters said the company’s stock had lost 48% in the 90 days preceding October 27. The coverage questioned the company’s ability to benefit from sector conditions amid that decline.

Management’s plan includes about $100 million in additional capital spending, according to Investing.com coverage published before the results announcement. The investments are intended to support a revenue target of $5 billion by the end of 2028. Third-quarter results were scheduled for release after the market close on October 27, with an investor call the same day at 1:45 p.m. Pacific time. UCTT closed at $46.71 on October 26, according to EL7 data. That close preceded the results announcement and does not represent a price reaction to it.

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