EarningsQ2 2026 Earnings Report
DE:UCE Q2 2026 EPS Results
Actual EPS€0.62
Consensus EPS€0.47
Beat/MissBeat by +€0.15
One Year Ago EPS€0.24
DE:UCE Q2 2026 Revenue Results
Actual Revenue€573.83M
Expected Revenue€522.88M
Beat/MissBeat by +€50.94M
YoY Revenue Growth+24.31%
Earnings Announcement Details
QuarterQ2 2026
Date08/03/2026
TimeAfter Close
Conference CallMonday, August 3, 2026
DE:UCE Upcoming Earnings
Ultra Clean Holdings's next earnings date is estimated for October 28, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
DE:UCE Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong operational momentum and execution: record revenue, robust product growth, improved overall margins, doubled net income and clear capacity expansion plans (26,000 sq ft added, $4B run-rate target by mid-2027). Strategic initiatives — MPX Center of Excellence and digital transformation — and proactive supply-chain actions support the growth thesis. Offsetting items include a meaningful decline in cash, negative operating cash flow from inventory buildups, higher absolute operating spend, services margin compression, and margin sensitivity to mix and regional factors. Management provided constructive Q3 guidance and reiterated targets (20% gross margin at a $4B run rate), but also flagged timing/recognition risks with large customers and potential industry supply-chain pressure as WFE scales. Overall, the positives from accelerating revenue, margin improvement and clear capacity roadmap outweigh the near-term liquidity and margin variability concerns.Company Guidance
Record Quarterly Revenue
Total revenue of $644.9M in Q2 FY2026, up from $533.7M in Q1 (increase of $111.2M, +20.8% QoQ).
Strong Product Revenue Growth
Products revenue of $572.7M versus $465.7M in prior quarter (increase of $107.0M, +23.0% QoQ).
Services Revenue Continued Expansion
Services revenue of $72.2M versus $68.0M prior quarter (increase of $4.2M, +6.2% QoQ).
Improving Profitability and EPS Upside
Total gross margin improved to 16.7% (from 16.5%), product gross margin rose to 15.1% (from 14.6%), and operating margin increased to 7.0% (from 5.1%). EPS was $0.70 on net income of $32.3M versus $0.31 on $14.5M prior quarter (net income up ~$17.8M, +123% QoQ).
Capacity Investments and Run-Rate Target
Added 26,000 sq ft of clean room space in Malaysia and planning expansions in Singapore and Czech Republic; positioning to support a $4B annualized revenue run rate (targeting a $200B WFE environment) by mid-2027 and evaluating expansion to support a $5B run rate for a $250B WFE.
Operational Enablement — NPX / MPX Milestone
Launched first MPX Center of Excellence in Hillsboro, OR to accelerate product qualification and shorten development-to-high-volume-manufacturing transitions, enhancing co-innovation with customers.
Digital Transformation & Supply-Chain Readiness
Began modernizing systems, automation and analytics to improve operational visibility and execution speed; noted proactive component procurement efforts and no material supply shortages in the quarter.
Positive Guidance for Next Quarter
Q3 guidance of $700M–$750M revenue and EPS $0.83–$1.03 (implies QoQ revenue growth from Q2 midpoint, signaling confidence in continued demand).
Customer Diversification
Top-2 customer concentration declined from ~64% to the high-50s percentage range, indicating a broader customer base and reduced concentration risk.
DE:UCE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed