Ultra Clean Holdings, Inc. Reports Q3 2026 Financial Results and Provides Q4 Outlook

Ultra Clean Holdings reported Q3 2026 revenue of $759 million, up 48.8% year over year, and non-GAAP earnings of $1.15 per share, both above analyst consensus. The company forecast Q4 revenue of $800 million to $860 million and non-GAAP earnings of $1.11 to $1.35 per share, citing demand for semiconductor equipment used in etch and deposition. To fund expansion and production ramps, it raised $600 million through convertible notes and an at-the-market offering, including 2.2 million shares sold early in Q4. Q3 operating cash flow was negative $42.3 million as inventory increased to support future production.