Key Highlights

  • Consensus EPS of 0.94 compares with reported second-quarter diluted EPS of 0.19, against a loss of 3.58 a year earlier.
  • Consensus revenue of USD 727.55 million compares with total revenues of USD 644.9 million reported for the second quarter.
  • Products revenue was USD 572.7 million against USD 454.9 million, while services revenue was USD 72.2 million.
  • Gross margin was USD 103.7 million against USD 79.5 million, and operating income was USD 29.5 million.

Ultra Clean (NASDAQ:UCTT) reports third-quarter results on Tuesday, Oct. 27, after the market closes. Consensus stands at EPS of 0.94 on revenue of USD 727.55 million, and the company has a market capitalization of USD 2.11 billion.

Ultra Clean designs, engineers and manufactures production tools, components and parts, and modules and subsystems for the semiconductor and display capital equipment markets, and its quarter ended June 26, 2026. Total revenues were USD 644.9 million against USD 518.8 million.

Estimates Against the Last Reported Quarter

The EPS estimate of 0.94 is above the diluted EPS of 0.19 reported for the second quarter, which compared with a loss of 3.58 a year earlier, and the estimates table does not state whether it is adjusted. The revenue estimate of USD 727.55 million is above the USD 644.9 million reported.

Net income was USD 8.7 million against a net loss of USD 162.0 million, and income before taxes was USD 30.0 million against a loss of USD 153.3 million. Interest expense was USD 1.1 million against USD 10.1 million.

Revenue and Margin Lines

Products revenue was USD 572.7 million against USD 454.9 million, and services revenue was USD 72.2 million against USD 63.9 million. Cost of revenues was USD 541.2 million against USD 439.3 million, with products cost at USD 488.8 million and services cost at USD 52.4 million.

The filing ties the USD 95.5 million rise in cost of revenue to higher material and labor costs of USD 81.8 million and USD 18.4 million from increased production activity, partly offset by lower manufacturing overhead. Gross margin was USD 103.7 million against USD 79.5 million.

The filing says its two most significant customers, each above 10% of revenues and primarily in the Products segment, accounted for 61.3% of total revenues against 56.0% a year earlier. One of them was 39.5% against 32.7%, and the other was 21.8% against 23.3%.

Operating Expenses and Prior-Year Impairment

Operating expenses were USD 74.2 million against USD 221.3 million, and the prior-year quarter included a goodwill impairment of USD 151.1 million. Research and development was USD 8.8 million against USD 7.8 million, sales and marketing was USD 16.4 million against USD 15.5 million, and general and administrative was USD 49.0 million against USD 46.9 million.

Operating income was USD 29.5 million against an operating loss of USD 141.8 million. For the six months, total revenues were USD 1,178.6 million against USD 1,037.4 million, and gross margin was USD 188.1 million against USD 163.5 million.

Cash and cash equivalents were USD 255.9 million at June 26, 2026 against USD 311.8 million at the prior year-end. Inventories were USD 629.9 million against USD 390.9 million, and total assets were USD 1,918.1 million against USD 1,729.0 million. Net cash used in operating activities for the six months was USD 74.4 million against USD 57.4 million provided. The estimates table lists a market capitalization of USD 2.11 billion.

Items to Track in the Report

Diluted EPS against 0.94 and revenue against USD 727.55 million are the headline comparisons. Other markers are products revenue against USD 572.7 million, gross margin and operating expenses.