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Ultra Clean Holdings vs Cirrus Logic: UCTT and CRUS compared
Ultra Clean Holdings is the larger company: $759M of revenue in its latest quarter (Q3 2026) against $559M for Cirrus Logic (Q2 FY27). Ultra Clean Holdings is growing faster (+49% against -0.3% a year earlier). Cirrus Logic is more profitable, with an operating margin of 23.7% against 7.1%.
Where the money goes: UCTT and CRUS
Ultra Clean Holdings (UCTT) · Q3 2026
Ultra Clean Holdings, Q3 2026: revenue $759M (+49% year over year), operating margin 7.1%, net earnings $39.1M, operating cash flow −$42.3M. The chart follows the revenue to costs, profit and cash.
Cirrus Logic (CRUS) · Q2 FY27
Cirrus Logic, Q2 FY27: revenue $559M (-0.3% year over year), operating margin 23.7%, net earnings $115M, operating cash flow $50.9M. The chart follows the revenue to costs, profit and cash.
| Ultra Clean Holdings (UCTT) | Cirrus Logic (CRUS) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q2 FY27 |
| Revenue | $759M | $559M |
| Revenue growth, Y/Y | +49% | -0.3% |
| Gross margin | 16.9% | 53.7% |
| Operating margin | 7.1% | 23.7% |
| Net earnings | $39.1M | $115M |
| Net margin | 5.2% | 20.5% |
| Operating cash flow | −$42.3M | $50.9M |
| Free cash flow | — | $42.5M |
| Market value | $1.9B | $5.8B |
| P/E | 72.2× | 14.3× |
| Analysts’ mean target | $112.83 | $141.67 |
Where the revenue comes from
Ultra Clean Holdings
- Products: $682M (90%)
- Services: $77.1M (10%)
Cirrus Logic
- Audio Products: $315M (56%)
- HPMS Products: $245M (44%)
Questions
Which is bigger, Ultra Clean Holdings or Cirrus Logic?
Ultra Clean Holdings is the larger company: $759M of revenue in its latest quarter (Q3 2026) against $559M for Cirrus Logic (Q2 FY27).
Is Ultra Clean Holdings or Cirrus Logic growing faster?
Ultra Clean Holdings is growing faster (+49% against -0.3% a year earlier).
Which is more profitable, Ultra Clean Holdings or Cirrus Logic?
Cirrus Logic is more profitable, with an operating margin of 23.7% against 7.1%.
More: Ultra Clean Holdings earnings · how Ultra Clean Holdings makes money · Cirrus Logic earnings · how Cirrus Logic makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 28, 2026; 10-Q filed Nov 4, 2026). Fiscal quarters can end on different dates. Not investment advice.