Filing Flows › Ultra Clean Holdings (UCTT) › Q2 2026 › vs Q2 2025
Ultra Clean Holdings (UCTT) Q2 2026 vs Q2 2025 (year over year)
Ultra Clean Holdings's revenue rose $126M (+24%) from $519M in Q2 2025 to $645M in Q2 2026. The biggest changes: Products +$118M (+26%); Services +$8.3M (+13%). Gross margin 16.1% against 15.3% (+0.8 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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 16.1% | 15.3% | +0.8 pts |
| Operating margin | 4.6% | -27.3% | +31.9 pts |
| Net margin | 1.3% | -31.2% | +32.6 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Products | $573M | $455M | $118M | +26% |
| Services | $72.2M | $63.9M | $8.3M | +13% |
| Revenue | $645M | $519M | $126M | +24% |
| Gross profit | $104M | $79.5M | $24.2M | +30% |
| Cost of revenue | $541M | $439M | $102M | +23% |
| Operating profit | $29.5M | −$142M | $171M | — |
| Operating expenses | $74.2M | $221M | −$147M | -66% |
| Pre-tax earnings | $30.0M | −$153M | $183M | — |
| Research & development | $8.8M | $7.8M | $1.0M | +13% |
| Sales & marketing | $16.4M | $15.5M | $900K | +6% |
| General & admin | $49.0M | $46.9M | $2.1M | +4% |
| Net earnings | $8.7M | −$162M | $171M | — |
| Minority interests | $3.2M | $1.5M | $1.7M | +113% |
| Income tax | $18.1M | $7.2M | $10.9M | +151% |
| Operating cash sources | $68.7M | −$172M | $241M | — |
| Depreciation & amortization | $12.5M | $11.7M | $800K | +7% |
| Share-based compensation | $6.4M | $7.1M | −$700K | -10% |
| Cash used in operations | $41.1M | −$29.2M | $70.3M | — |
| Working capital & other | $68.7M | −$172M | $241M | — |
Questions
How much did Ultra Clean Holdings's revenue grow year over year in Q2 2026?
Ultra Clean Holdings's revenue rose $126M (+24%) from $519M in Q2 2025 to $645M in Q2 2026.
What drove Ultra Clean Holdings's revenue change in Q2 2026?
Products +$118M (+26%); Services +$8.3M (+13%).