Filing Flows › Ultra Clean Holdings (UCTT) › Q2 2026 › vs Q1 2026
Ultra Clean Holdings (UCTT) Q2 2026 vs Q1 2026 (quarter over quarter)
Ultra Clean Holdings's revenue rose $111M (+21%) from $534M in Q1 2026 to $645M in Q2 2026. The biggest changes: Products +$107M (+23%); Services +$4.2M (+6%). Gross margin 16.1% against 15.8% (+0.3 pts).
Ultra Clean Holdings, Q2 2026: revenue $645M (+24% year over year), operating margin 4.6%, net earnings $8.7M, operating cash flow −$41.1M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 16.1% | 15.8% | +0.3 pts |
| Operating margin | 4.6% | 2.1% | +2.4 pts |
| Net margin | 1.3% | -3.4% | +4.7 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Products | $573M | $466M | $107M | +23% |
| Services | $72.2M | $68.0M | $4.2M | +6% |
| Revenue | $645M | $534M | $111M | +21% |
| Gross profit | $104M | $84.4M | $19.3M | +23% |
| Cost of revenue | $541M | $449M | $91.9M | +20% |
| Operating profit | $29.5M | $11.4M | $18.1M | +159% |
| Operating expenses | $74.2M | $73.0M | $1.2M | +2% |
| Pre-tax earnings | $30.0M | $4.2M | $25.8M | +614% |
| Research & development | $8.8M | $8.5M | $300K | +4% |
| Sales & marketing | $16.4M | $15.5M | $900K | +6% |
| General & admin | $49.0M | $49.0M | $0 | 0% |
| Net earnings | $8.7M | −$17.9M | $26.6M | — |
| Minority interests | $3.2M | $2.9M | $300K | +10% |
| Income tax | $18.1M | $19.2M | −$1.1M | -6% |
| Operating cash sources | $68.7M | $30.9M | $37.8M | +122% |
| Depreciation & amortization | $12.5M | $12.3M | $200K | +2% |
| Share-based compensation | $6.4M | $3.2M | $3.2M | +100% |
| Cash used in operations | $41.1M | $33.3M | $7.8M | +23% |
| Working capital & other | $68.7M | $30.9M | $37.8M | +122% |
Questions
How much did Ultra Clean Holdings's revenue grow quarter over quarter in Q2 2026?
Ultra Clean Holdings's revenue rose $111M (+21%) from $534M in Q1 2026 to $645M in Q2 2026.
What drove Ultra Clean Holdings's revenue change in Q2 2026?
Products +$107M (+23%); Services +$4.2M (+6%).