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Ultra Clean Holdings (UCTT) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Oct 28, 2026 · Ultra Clean Holdings (UCTT) Q3 2026 earnings results →
Q3 2026 Revenue up 49% year over year to $759M · 5¢ of every $1 of revenue kept as net profit · operating margin 7.1%
Ultra Clean Holdings made $759M in Q3 2026 (+49% Y/Y): Products $682M, Services $77.1M. Operating margin 7.1%, net earnings $39.1M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 28, 2026.
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What changed this quarter
Revenue was $759.0M in Q3 2026, up 49% year over year and up 18% from the previous quarter. Products was the largest line at 90% of revenue. Products added $236.9M year over year (up 53%), 95% of the total change.
Gross margin was 16.9%, up 0.8 points from Q3 2025. Operating profit was $53.7M, a 7.1% margin (up 5.0 points year over year). Of the extra revenue versus Q3 2025, 17% reached operating profit, above the 2% margin then. Operating expenses grew 4% against revenue growth of 49%. The fastest-growing cost line was Research & development (+13%). Net earnings were $39.1M. The effective tax rate was 20.2%.
Operating cash flow was −$42.3M. Non-cash charges added back $12.7M of depreciation and amortization and $7.6M of share-based compensation. Working capital and other items used $103.4M. Capital expenditures of $19.5M exceeded it, leaving free cash flow of −$61.8M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Oct 28, 2026 | $759M | +49% | 7.1% | $39.1M | −$42.3M |
| Q2 2026 | 10-Q | Aug 4, 2026 | $645M | +24% | 4.6% | $8.7M | −$41.1M |
| Q1 2026 | 10-Q | Apr 29, 2026 | $534M | +3% | 2.1% | −$15.0M | −$33.3M |
| Q4 2025 | 10-K | Feb 23, 2026 | $507M | -10% | 2.2% | −$600K | $8.1M |
| Q3 2025 | 10-Q | Oct 29, 2025 | $510M | -6% | 2.1% | −$8.1M | $100K |
| Q2 2025 | 10-Q | Jul 29, 2025 | $519M | +0.5% | -27.3% | −$160M | $29.2M |
| Q1 2025 | 10-Q | Apr 29, 2025 | $519M | +9% | 2.5% | −$2.5M | $28.2M |
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Customers and suppliers named in filings
Sells to
- LRCX — 37% of its revenue · Stated in 10-K (customer table) · source
- AMAT — 22% of its revenue · Stated in 10-K (XBRL) · source
About Ultra Clean Holdings
Ultra Clean Holdings, Inc., (“UCT”, the “Company” or “We”) is a leading developer and supplier of critical subsystems, components, parts, and ultra-high purity cleaning and analytical services primarily for the semiconductor industry. UCT offers its customers an integrated outsourced solution for major subassemblies, improved design-to-delivery cycle times, design for manufacturability, prototyping and part and component manufacturing, as well as tool chamber parts cleaning and coating, and micro-contamination analytical services. We report results for two segments: Products and Services. Our Products segment primarily designs, engineers and manufactures production tools, components and parts, and modules and subsystems for the semiconductor and display capital equipment markets.
In its own words, from its 10-K, filed Feb 23, 2026.
Ultra Clean Holdings against its Semiconductors & Related Devices peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +49% against the peers' median +45%. Operating margin: 7.1% against the peers' median 40.1%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| UCTT Ultra Clean Holdings | Q3 2026 | $759M | +49% | 7.1% |
| NVDA NVIDIA | Q2 FY27 | $96.2B | +106% | 66.2% |
| MU Micron Technology | Q4 FY26 | $54.2B | +379% | 80.7% |
| AVGO Broadcom | Q3 FY26 | $29.6B | +86% | 53.9% |
| INTC Intel | Q3 2026 | $16.5B | +21% | 15.3% |
| AMD Advanced Micro Devices | Q3 2026 | $13.4B | +45% | 21.2% |
| AMAT Applied Materials | Q3 FY26 | $9.1B | +25% | 33.7% |
| TXN Texas Instruments | Q3 2026 | $6.1B | +28% | 47.5% |
| ADI Analog Devices | Q3 FY26 | $4.0B | +40% | 40.1% |
Source: Ultra Clean Holdings 10-Q on SEC EDGAR · CIK 1275014 · Semiconductors & Related Devices
Guidance and outlook
13F: who owns UCTT and who is buying
More on UCTT
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results