Key Highlights

  • Ultra Clean Holdings reported record third-quarter revenue of $759.0 million, up 49% year over year, and guided the fourth quarter to $800 million to $860 million.
  • Intapp raised fiscal 2027 non-GAAP EPS guidance to $1.64 to $1.68, with subscription revenue up 29% to $125.5 million.
  • CTS lifted full-year adjusted EPS guidance to $2.78 to $2.88 from $2.55 to $2.70.
  • Rogers guided fourth-quarter sales to $215 million to $225 million, a midpoint about 6.8% below the third quarter (calculated).
  • BigBear.ai raised 2026 revenue guidance to $150 million to $165 million despite a $76.7 million goodwill impairment.

Which Smaller Technology and Electronics Companies Reported Earnings on October 27, and What Did They Guide?

Six smaller technology and electronics names put out results, and the outlooks split. Intapp (NASDAQ:INTA) reported fiscal first-quarter revenue of $161.3 million, up 16%, and raised its fiscal 2027 outlook. Rogers (NYSE:ROG) posted adjusted EPS of $1.39 on sales of $236.1 million but guided the fourth quarter lower. Ultra Clean Holdings (NASDAQ:UCTT) reported record revenue of $759.0 million and pointed higher.

CTS (NYSE:CTS) raised both full-year ranges after sales of $149.6 million. Ribbon Communications (NASDAQ:RBBN) reported revenue of $218.7 million with a fourth-quarter step-up guided. BigBear.ai (NYSE:BBAI) raised revenue guidance, yet a goodwill charge pushed it to a net loss of $91.9 million. No share reactions are cited for these reports.

Intapp: Is 29% Subscription Growth Outrunning a Falling License Line?

Intapp supplies cloud software to law, accounting, consulting and investment banking firms. Subscription revenue grew 29% to $125.5 million, while license revenue fell about 21% to $23.0 million as customers move to the cloud. Non-GAAP EPS was $0.44 against $0.24 a year earlier and a $0.40 estimate as screened. Non-GAAP operating margin was 22.0%, while GAAP showed a net loss of $1.3 million.

Fiscal 2027 non-GAAP EPS guidance rose to $1.64 to $1.68 from $1.58 to $1.62, and revenue guidance to $658.2 million to $662.2 million. Cloud ARR reached $515.3 million, up 28%. Second-quarter non-GAAP EPS is guided to $0.37 to $0.39.

Rogers: Can Margins Hold After a 300 Basis Point Jump?

Rogers makes engineered materials for electric vehicles, automotive safety, mobile devices and wireless infrastructure. Net sales rose 9.3% to $236.1 million, adjusted EPS was $1.39 against a $1.19 screened estimate, and adjusted EBITDA margin climbed 300 basis points to 20.2%. Free cash flow was $35.4 million, and the company repurchased $9.3 million of shares.

The fourth-quarter guide is cooler. Sales of $215 million to $225 million, gross margin of 32.5% to 33.5% and adjusted EPS of $0.90 to $1.10 compare with 34.2% gross margin in the third quarter. No full-year sales or earnings guidance was given.

Ultra Clean Holdings: Did Record Revenue Come at the Cost of Cash?

Ultra Clean makes gas delivery and fluid subsystems for semiconductor equipment makers. Revenue rose 49% to $759.0 million, above the top of its August outlook, with non-GAAP EPS of $1.15 and GAAP EPS of $0.85. GAAP net income was $39.1 million, against a loss of $10.9 million a year earlier.

Growth absorbed cash. Nine-month operating cash flow was negative $116.7 million, inventories rose to $723.3 million from $390.9 million at the end of 2025, and long-term debt stood at $635.1 million. Fourth-quarter non-GAAP EPS is guided to $1.11 to $1.35.

CTS: Did Record Margins Justify the Full-Year Raise?

CTS makes sensors, actuators and electronic components for aerospace, industrial, medical and transportation customers. Adjusted EPS of $0.77 compared with $0.60 a year earlier, and adjusted gross margin rose 330 basis points to 42.2%.

Full-year sales guidance rose to $580 million to $590 million from $565 million to $585 million. Free cash flow was $41.1 million, cash was $143.9 million against long-term debt of $55.0 million, and the dividend was unchanged at $0.04 per share.

Ribbon Communications: What Does a $40.4 Million Cash Balance Mean for the Fourth-Quarter Step-Up?

Ribbon provides IP and optical networking and cloud communications software. Revenue of $218.7 million was up 1.5% year over year and 13.7% from the second quarter, with non-GAAP EPS of $0.07 against $0.04 and a GAAP loss of $0.05 per share. GAAP operating income was $5.6 million.

Cash fell to $40.4 million from $96.4 million at the end of 2025 after a nine-month operating outflow of $47.9 million. Fourth-quarter revenue is guided to $233 million to $247 million and adjusted EBITDA to $40 million to $47 million.

BigBear.ai: Did a Revenue Raise Outweigh a $76.7 Million Goodwill Charge?

BigBear.ai supplies AI-powered decision tools to U.S. government and defense customers. Revenue rose 31% to $43.6 million and gross margin widened to 31.2% from 22.4%, but a non-cash goodwill impairment drove a net loss of $91.9 million, or $0.19 per share.

Backlog reached about $330 million, up 22% from June 30, with about 23% funded. Liquidity of about $399.0 million (calculated) includes investments, and 2026 revenue guidance is $150 million to $165 million.

Small Tech Outlooks Compared: How Do the Guides and Growth Rates Stack Up?

Fourth-quarter revenue midpoints against third-quarter revenue show three different paths (calculated). Ribbon's $240 million midpoint is about 9.7% above its $218.7 million, Ultra Clean's $830 million is about 9.4% above $759.0 million, and Rogers' $220 million is about 6.8% below $236.1 million.

Year-over-year growth ranged from 49% at Ultra Clean to 1.5% at Ribbon, a gap of 47.5 percentage points (calculated), with BigBear.ai at 31%, Intapp at 16%, Rogers at 9.3% and CTS at 5%. CTS raised its full-year EPS midpoint by about 7.8%, to $2.83 from $2.625 (calculated), while Intapp's rose about 3.8%, to $1.66 from $1.60 (calculated). Against screened estimates, Rogers beat by $0.20, CTS by $0.12 and Intapp by $0.04 (calculated). Ribbon's $0.07 non-GAAP EPS beat its $0.04 estimate by $0.03 (calculated).

What to Watch Next: Which Fourth-Quarter Tests Matter for These Six?

None of the six singles gives a dated next report, so the tests are in the guides. Ultra Clean needs to turn inventory into cash, Ribbon must deliver the $233 million to $247 million range, and Rogers must hold gross margin in its 32.5% to 33.5% band. CTS has fourth-quarter results to confirm its raised ranges, Intapp reports second-quarter results with cloud conversion in view, and BigBear.ai must convert backlog into funded work. Intapp's own second-quarter guide of $0.37 to $0.39 EPS sits below the $0.44 just reported, which is worth tracking.