Ultra Clean's record third quarter 2026 revenue of $759M beat estimates by 24%

Ultra Clean Holdings reported record third quarter results that significantly exceeded analyst expectations, driven by accelerating AI-related demand and operational agility in scaling production. The company provided robust fourth quarter guidance, forecasting revenue between $800 million and $860 million, well above the current run rate.

Key Highlights

• Record revenue reached $759.0 million, up 49% year-over-year and 18% sequentially, significantly exceeding the $612.4 million estimate.
• Non-GAAP EPS of $1.15 beat consensus of $0.81, supported by improved factory utilization and non-GAAP gross margins expanding to 17.3%.
• Inventory levels rose sharply to $723.3 million from $390.9 million at year-end 2025, reflecting aggressive preparation for continued semiconductor industry expansion.
• Q4 2026 guidance projects non-GAAP EPS of $1.11 to $1.35, indicating sustained momentum into the fiscal year-end.