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Ultra Clean Holdings (UCTT)
NASDAQ:UCTT
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Ultra Clean Holdings (UCTT) Price & Analysis

1,853 Followers

UCTT Stock Chart & Stats

$73.08
-$4.67(-5.04%)
At close: 4:00 PM EDT
$73.08
-$4.67(-5.04%)

Bulls Say, Bears Say

Bulls Say
Capacity-led Growth RoadmapRecord Q2 revenue, higher Q3 guidance, and planned clean-room expansion indicate meaningful demand across semiconductor equipment customers. The stated $4B run-rate target and potential $5B expansion provide a multi-quarter growth framework, while capacity investments can support greater scale if market demand persists.
Improving Operating ProfitabilityThe improvement in operating margin and earnings shows stronger incremental profitability as revenue scales, supporting better earnings conversion than in the prior quarter. Management’s longer-term target of roughly 10% operating margin at a $4B run rate further indicates potential for sustainable operating leverage.
Broader Customer BaseLower concentration among the two largest customers makes revenue less dependent on a small number of accounts and can improve business resilience through semiconductor equipment cycles. A broader customer base may also strengthen UCT’s ability to capture demand across multiple tool programs and end-market opportunities.
Bears Say
Persistent Cash ConsumptionNegative operating and free cash flow means current operations are not funding the company’s investment needs, increasing reliance on balance-sheet resources or external financing. If working-capital requirements remain elevated, ongoing cash consumption could constrain expansion and reduce flexibility during a cyclical downturn.
Elevated LeverageDebt exceeding equity increases financial sensitivity to semiconductor-cycle volatility and weak cash generation. Higher leverage can limit the funds available for capacity expansion or other strategic investments, while making sustained negative cash flow more consequential for liquidity and capital allocation.
Potential Equity DilutionThe ATM program can improve financial flexibility, but issuing up to $400 million of common stock would dilute existing shareholders and could signal a need for additional external capital. This overhang may persist while the company funds capacity growth and works to restore positive cash generation.

Ultra Clean Holdings News

UCTT FAQ

What was Ultra Clean Holdings’s price range in the past 12 months?
Ultra Clean Holdings lowest stock price was $21.48 and its highest was $144.22 in the past 12 months.
    What is Ultra Clean Holdings’s market cap?
    Ultra Clean Holdings’s market cap is $3.35B.
      When is Ultra Clean Holdings’s upcoming earnings report date?
      Ultra Clean Holdings’s upcoming earnings report date is Oct 28, 2026 which is in 44 days.
        How were Ultra Clean Holdings’s earnings last quarter?
        Ultra Clean Holdings released its earnings results on Aug 03, 2026. The company reported $0.7 earnings per share for the quarter, beating the consensus estimate of $0.531 by $0.169.
          Is Ultra Clean Holdings overvalued?
          According to Wall Street analysts Ultra Clean Holdings’s price is currently Undervalued. Get more investment ideas with TipRanks Premium
            Does Ultra Clean Holdings pay dividends?
            Ultra Clean Holdings does not currently pay dividends.
            What is Ultra Clean Holdings’s EPS estimate?
            Ultra Clean Holdings’s EPS estimate is 0.95.
              How many shares outstanding does Ultra Clean Holdings have?
              Ultra Clean Holdings has 45,277,027 shares outstanding.
                What happened to Ultra Clean Holdings’s price movement after its last earnings report?
                Ultra Clean Holdings reported an EPS of $0.7 in its last earnings report, beating expectations of $0.531. Following the earnings report the stock price went down -5.192%.
                  Which hedge fund is a major shareholder of Ultra Clean Holdings?
                  Currently, no hedge funds are holding shares in UCTT
                  What is the TipRanks Smart Score and how is it calculated?
                  Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

                    Company Description

                    Ultra Clean Holdings

                    Ultra Clean Holdings, Inc. specializes in providing essential subsystems, intricate components, precision parts, and rigorous ultra-high purity cleaning and sophisticated analytical verification services. The company primarily caters to the global semiconductor sector, operating across the U.S. and internationally. Their extensive product portfolio includes ultra-clean valves, high-purity and industrial process connectors, pneumatic actuators, manifolds, safety solutions, hoses, pressure gauges, and heaters for gas lines and components. They also supply specialized chemical delivery modules engineered to transport gases and reactive chemicals in liquid or gaseous forms from a central point to reaction chambers. Furthermore, they offer comprehensive gas delivery systems, encompassing weldments, filters, precise mass flow controllers, regulators, pressure transducers, various valves, component heaters, and integrated electronic or pneumatic control systems. Ultra Clean Holdings also provides a range of industrial and automation production machinery, alongside fluid delivery systems that incorporate multiple chemical delivery units, PFA tubing, filters, flow controllers, regulators, component heaters, and integrated electronic/pneumatic controls. Additionally, the company engineers precision robotic systems, top-plate and frame assemblies, and process modules – which are vital subsystems within semiconductor manufacturing tools designed to process integrated circuits onto wafers – along with other advanced high-level assemblies. Beyond manufacturing, Ultra Clean Holdings offers critical services such as cleaning and coating for tool chamber components. They conduct specialized micro-contamination analysis, evaluating tool parts, wafers, depositions, chemicals, cleanroom materials, deionized water, and airborne molecular contaminants. The company also provides analytical verification specifically for the cleanliness of process tool chamber components. Their principal clientele includes original equipment manufacturers (OEMs) within the semiconductor capital equipment and integrated device manufacturing industries. Beyond semiconductors, they also cater to the display, consumer, medical, energy, industrial, and research equipment sectors. Established in 1991, the corporation maintains its headquarters in Hayward, California.

                    Ultra Clean Holdings (UCTT) Earnings & Revenues

                    UCTT Company Deck

                    UCTT Earnings Call

                    Q2 2026
                    0:00 / 0:00
                    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.View all UCTT earnings summaries

                    UCTT Stock 12 Month Forecast

                    Average Price Target

                    $137.00
                    ▲(87.47% Upside)
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                    Ownership Overview

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                    15.24% Public Companies and Individual Investors
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