Filing Flows › Ultra Clean Holdings (UCTT) › Q1 2026
Ultra Clean Holdings (UCTT) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 29, 2026
Ultra Clean Holdings (UCTT) reported revenue of $534M for the first quarter 2026 (Q1 2026), +3% from a year earlier and +5% from the quarter before. Operating margin was 2.1%, net loss $15.0M (2.8% of revenue).
Ultra Clean Holdings, Q1 2026: revenue $534M (+3% year over year), operating margin 2.1%, net loss $15.0M, operating cash flow −$33.3M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $534M | +5% | +3% |
| Operating profit | $11.4M | +5% | -12% |
| Net earnings | −$15.0M | — | — |
| Operating cash flow | −$33.3M | -511% | -218% |
What changed
Revenue was $533.7M in Q1 2026, up 3% year over year and up 5% from the previous quarter. Products was the largest line at 87% of revenue. Products added $8.7M year over year (up 2%), 58% of the total change.
Gross margin was 15.8%, down 0.4 points from Q1 2025. Operating profit was $11.4M, a 2.1% margin (down 0.4 points year over year). Operating profit fell $1.5M even though revenue rose $15.1M versus Q1 2025, so costs grew faster than sales. Operating expenses grew 3% against revenue growth of 3%. The fastest-growing cost line was Research & development (+12%). The quarter ended with a net loss of $15.0M, wider than the previous quarter's $600K loss.
Operating cash flow was −$33.3M. Non-cash charges added back $12.3M of depreciation and amortization and $3.2M of share-based compensation. Working capital and other items used $33.8M. Capital expenditures of $9.6M exceeded it, leaving free cash flow of −$42.9M.
Questions
What was Ultra Clean Holdings' revenue in the first quarter 2026?
Ultra Clean Holdings (UCTT) reported revenue of $534M for the first quarter 2026 (Q1 2026), +3% from a year earlier and +5% from the quarter before.
Was Ultra Clean Holdings profitable in the first quarter 2026?
Operating profit was $11.4M (2.1% of revenue) and net loss $15.0M.