# Ultra Clean Holdings, Inc. (UCTT)

> UCTT · Nasdaq · Technology, semiconductor equipment · United States · US GAAP · Fiscal year ends December
>
> Latest report: Q3 FY2026, the quarter ended 25 September 2026, released 28 October 2026. Snapshot FY2026Q3_593a0b16.

Page: https://annalist.io/company/ultra-clean/

Identifiers: LEI 5493007L6LS7QX18PE75, CIK 0001275014

## Latest Figures

| Figure | Value | Exact value | Unit | Change | Period | Period end | Source documents |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Revenue, quarter | $759m | 759000000 | USD | +48.8% year on year | FY2026 Q3 | 2026-09-25 | 10-Q 2026-09 |
| Operating income, quarter | $53.7m | 53700000 | USD | +407% year on year | FY2026 Q3 | 2026-09-25 | 10-Q 2026-09 |
| Net income, quarter | $39.1m | 39100000 | USD | n.m. year on year | FY2026 Q3 | 2026-09-25 | 10-Q 2026-09 |
| Diluted EPS, quarter | $0.85 | 0.85 | USD/shares | n.m. year on year | FY2026 Q3 | 2026-09-25 | 10-Q 2026-09 |
| Operating margin, last 4 quarters | 4.3% | 4.3162 | % | +8.7pp year on year | FY2026 Q3 | 2026-09-25 | 10-K 2025-12, 10-Q 2025-09, 10-Q 2026-03, 10-Q 2026-06, 10-Q 2026-09 |
| Return on equity, last 4 quarters | 3.7% | 3.7011 | % | +24.3pp year on year | FY2026 Q3 | 2026-09-25 | 10-Q 2025-09, 10-Q 2026-09, 10-K 2025-12, 10-Q 2026-03, 10-Q 2026-06 |

- Operating margin: Operating income / revenue.
- Return on equity: Net income attributable to the company / average shareholders' equity attributable to the company.

## Key Findings

Each finding is a sentence written by a fixed rule from the figures; the mark in brackets is how the finding moved against the report before.

- Revenue for the quarter ended 25 September 2026 was US$759 million, 48.8% higher than in the same quarter a year earlier. [Strengthened in Q3 FY2026] Sources: 10-Q 2026-09.
- Net income attributable to the company was US$39 million, against a net loss of US$11 million in the same quarter a year earlier. [Strengthened in Q3 FY2026] Sources: 10-Q 2026-09.
- The operating margin over the last 4 quarters was 4.3%, 8.7 percentage points higher than a year earlier. [Strengthened in Q3 FY2026] Sources: 10-K 2025-12, 10-Q 2025-09, 10-Q 2026-03, 10-Q 2026-06, 10-Q 2026-09.
- Return on equity over the last 4 quarters was 3.7%, against -20.6% a year earlier. [Strengthened in Q3 FY2026] Sources: 10-Q 2025-09, 10-Q 2026-09, 10-K 2025-12, 10-Q 2026-03, 10-Q 2026-06, 10-Q 2024-09.
- Operating cash flow over the last 4 quarters was an outflow of US$109 million, and free cash flow after purchases of property, plant and equipment an outflow of US$164 million. [Strengthened in Q3 FY2026] Sources: 10-K 2025-12, 10-Q 2025-09, 10-Q 2026-03, 10-Q 2026-06, 10-Q 2026-09.
- Net debt was US$364 million at 25 September 2026, 2.3 times EBITDA over the last 4 quarters. [Strengthened in Q3 FY2026] Sources: 10-Q 2026-09, 10-K 2025-12, 10-Q 2025-09, 10-Q 2026-03, 10-Q 2026-06.
- Cash, short-term investments and operating cash flow over the last 4 quarters equalled 2.9 times the sum of debt due within 12 months, capital expenditure and dividends. [Weakened in Q3 FY2026] Sources: 10-Q 2026-09, 10-K 2025-12, 10-Q 2025-09, 10-Q 2026-03, 10-Q 2026-06.
- Net income attributable to the company over the last 4 quarters exceeded operating cash flow by an amount equal to 7.1% of average total assets. [Strengthened in Q3 FY2026] Sources: 10-Q 2025-09, 10-Q 2026-09, 10-K 2025-12, 10-Q 2026-03, 10-Q 2026-06.
- The Altman Z'' score for fiscal 2025 was 3.31, above the safe threshold of 2.60. [Weakened in FY2025] Sources: 10-Q 2026-09, 10-K 2025-12.

## Fiscal Years

| Fiscal year | Year end | Item | Value | Exact value | Unit | Source documents |
| --- | --- | --- | --- | --- | --- | --- |
| FY2025 | 2025-12-26 | Revenue | $2.1bn | 2054000000 | USD | 10-K 2025-12 |
| FY2025 | 2025-12-26 | Operating income | −$107m | -107400000 | USD | 10-K 2025-12 |
| FY2025 | 2025-12-26 | Net income attributable to the company | −$181m | -181200000 | USD | 10-K 2025-12 |
| FY2024 | 2024-12-27 | Revenue | $2.1bn | 2097600000 | USD | 10-K 2025-12 |
| FY2024 | 2024-12-27 | Operating income | $91.2m | 91200000 | USD | 10-K 2025-12 |
| FY2024 | 2024-12-27 | Net income attributable to the company | $23.7m | 23700000 | USD | 10-K 2025-12 |
| FY2023 | 2023-12-29 | Revenue | $1.7bn | 1734500000 | USD | 10-K 2025-12 |
| FY2023 | 2023-12-29 | Operating income | $35.2m | 35200000 | USD | 10-K 2025-12 |
| FY2023 | 2023-12-29 | Net income attributable to the company | −$31.1m | -31100000 | USD | 10-K 2025-12 |
| FY2022 | 2022-12-30 | Revenue | $2.4bn | 2374300000 | USD | 10-K 2024-12 |
| FY2022 | 2022-12-30 | Operating income | $120m | 120400000 | USD | 10-K 2024-12 |
| FY2022 | 2022-12-30 | Net income attributable to the company | $40.4m | 40400000 | USD | 10-K 2024-12 |
| FY2021 | 2021-12-31 | Revenue | $2.1bn | 2101600000 | USD | 10-K 2023-12 |
| FY2021 | 2021-12-31 | Operating income | $186m | 185700000 | USD | 10-K 2023-12 |
| FY2021 | 2021-12-31 | Net income attributable to the company | $120m | 119500000 | USD | 10-K 2023-12 |

## Source Documents

- 10-Q 2026-09: Form 10-Q, period ended 25 September 2026, 28 Oct 2026 (https://www.sec.gov/Archives/edgar/data/1275014/000162828026067880/uctt-20260925.htm)
- 10-K 2025-12: Form 10-K, period ended 26 December 2025, 23 Feb 2026 (https://www.sec.gov/Archives/edgar/data/1275014/000162828026010744/uctt-20251226.htm)
- 10-Q 2025-09: Form 10-Q, period ended 26 September 2025, 29 Oct 2025 (https://www.sec.gov/Archives/edgar/data/1275014/000162828025047117/uctt-20250926.htm)
- 10-Q 2026-03: Form 10-Q, period ended 27 March 2026, 29 Apr 2026 (https://www.sec.gov/Archives/edgar/data/1275014/000162828026028365/uctt-20260327.htm)
- 10-Q 2026-06: Form 10-Q, period ended 26 June 2026, 4 Aug 2026 (https://www.sec.gov/Archives/edgar/data/1275014/000162828026052540/uctt-20260626.htm)
- 10-Q 2024-09: Form 10-Q, period ended 27 September 2024, 30 Oct 2024 (https://www.sec.gov/Archives/edgar/data/1275014/000162828024044152/uctt-20240927.htm)
- 10-K 2024-12: Form 10-K, period ended 27 December 2024, 25 Feb 2025 (https://www.sec.gov/Archives/edgar/data/1275014/000162828025007865/uctt-20241227.htm)
- 10-K 2023-12: Form 10-K, period ended 29 December 2023, 6 Mar 2024 (https://www.sec.gov/Archives/edgar/data/1275014/000095017024027213/uctt-20231229.htm)

## Reliability

- 294 checks compare these figures with other official figures; 0 failed.
- 2 values are withheld because the filings do not prove them; a withheld value is absent, never estimated.
- Every earlier snapshot stays published: https://annalist.io/api/v1/companies/ultra-clean/snapshots.json

## Cite

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## Full Data

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## Peers

- [KLA Corporation](https://annalist.io/company/kla/brief.md)
- [Lam Research Corporation](https://annalist.io/company/lam-research/brief.md)
- [Applied Materials, Inc.](https://annalist.io/company/applied-materials/brief.md)
- [Side by side](https://annalist.io/compare/?c=ultra-clean,kla,lam-research,applied-materials)

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Figures come from official filings and are provided as they are, without warranty of accuracy or completeness. They are not investment advice.