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Ultra Clean Holdings vs Penguin Solutions: UCTT and PENG compared
Ultra Clean Holdings is the larger company: $759M of revenue in its latest quarter (Q3 2026) against $567M for Penguin Solutions (Q4 FY26). Penguin Solutions is growing faster (+68% against +49% a year earlier). Penguin Solutions is more profitable, with an operating margin of 12.3% against 7.1%.
Where the money goes: UCTT and PENG
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.
Penguin Solutions (PENG) · Q4 FY26
Penguin Solutions, Q4 FY26: revenue $567M (+68% year over year), operating margin 12.3%, net earnings $93.2M, operating cash flow −$163M. The chart follows the revenue to costs, profit and cash.
| Ultra Clean Holdings (UCTT) | Penguin Solutions (PENG) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q4 FY26 |
| Revenue | $759M | $567M |
| Revenue growth, Y/Y | +49% | +68% |
| Gross margin | 16.9% | 27.5% |
| Operating margin | 7.1% | 12.3% |
| Net earnings | $39.1M | $93.2M |
| Net margin | 5.2% | 16.4% |
| Operating cash flow | −$42.3M | −$163M |
| Market value | $1.9B | $2.7B |
| P/E | 72.2× | 16.1× |
| Analysts’ mean target | $112.83 | $85.62 |
Where the revenue comes from
Ultra Clean Holdings
- Products: $682M (90%)
- Services: $77.1M (10%)
Questions
Which is bigger, Ultra Clean Holdings or Penguin Solutions?
Ultra Clean Holdings is the larger company: $759M of revenue in its latest quarter (Q3 2026) against $567M for Penguin Solutions (Q4 FY26).
Is Ultra Clean Holdings or Penguin Solutions growing faster?
Penguin Solutions is growing faster (+68% against +49% a year earlier).
Which is more profitable, Ultra Clean Holdings or Penguin Solutions?
Penguin Solutions is more profitable, with an operating margin of 12.3% against 7.1%.
More: Ultra Clean Holdings earnings · how Ultra Clean Holdings makes money · Penguin Solutions earnings · how Penguin Solutions makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 28, 2026; 10-K filed Oct 20, 2026). Fiscal quarters can end on different dates. Not investment advice.