Filing Flows › Ultra Clean Holdings (UCTT) › Q2 2026
Ultra Clean Holdings (UCTT) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 4, 2026
Ultra Clean Holdings (UCTT) reported revenue of $645M for the second quarter 2026 (Q2 2026), +24% from a year earlier and +21% from the quarter before. Operating margin was 4.6%, net earnings $8.7M (1.3% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $645M | +21% | +24% |
| Gross profit | $104M | +23% | +30% |
| Operating profit | $29.5M | +159% | — |
| Net earnings | $8.7M | — | — |
| Operating cash flow | −$41.1M | — | -241% |
What changed
Revenue was $644.9M in Q2 2026, up 24% year over year and up 21% from the previous quarter. Products was the largest line at 89% of revenue. Products added $117.8M year over year (up 26%), 93% of the total change.
Gross margin was 16.1%, up 0.8 points from Q2 2025. Operating profit was $29.5M, a 4.6% margin (up 31.9 points year over year). Operating expenses fell 66% while revenue rose 24%. The fastest-growing cost line was Research & development (+13%). Net earnings were $8.7M. The effective tax rate was 60.3%.
Operating cash flow was −$41.1M. Non-cash charges added back $12.5M of depreciation and amortization and $6.4M of share-based compensation. Working capital and other items used $71.9M. Capital expenditures of $16.2M exceeded it, leaving free cash flow of −$57.3M.
Questions
What was Ultra Clean Holdings' revenue in the second quarter 2026?
Ultra Clean Holdings (UCTT) reported revenue of $645M for the second quarter 2026 (Q2 2026), +24% from a year earlier and +21% from the quarter before.
Was Ultra Clean Holdings profitable in the second quarter 2026?
Operating profit was $29.5M (4.6% of revenue) and net earnings $8.7M.