Ultra Clean reports USD 759 million in Q3 as UCTT stock resets outlook
Published on 10/29/2026 at 14:16 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSResults and analyst targets
- Ultra Clean released its third-quarter results on October 27, 2026, including non-GAAP earnings per share of USD 1.15.
- GAAP gross margin reached 16.9 percent for the three months ended September 25, 2026.
- TD Cowen set a USD 100.00 target on October 28, 2026, after cutting it from USD 140.00.
Ultra Clean Holdings (ISIN US90385V1070) reported third-quarter revenue of USD 759 million on October 27, 2026, as Nasdaq published the company release. The result was a record quarter and gives the semiconductor supplier a stronger base for its fourth-quarter outlook.
Three dated UCTT events
On October 5, 2026, Ultra Clean announced that it would release third-quarter results after market close on October 27, 2026, according to Nasdaq. On October 27, the company reported the quarterly figures. On October 28, TD Cowen cut its price target from USD 140.00 to USD 100.00 while keeping a Buy rating, as Markets Insider reported.
What does the outlook mean?
The operating picture improved alongside sales. GAAP gross margin was 16.9 percent in the third quarter ended September 25, 2026, while non-GAAP gross margin reached 17.3 percent. GAAP operating margin was 7.1 percent, and GAAP net income attributable to Ultra Clean was USD 39.1 million, compared with a USD 10.9 million loss in the prior-year quarter, according to the Nasdaq release.
Management guided for fourth-quarter revenue of USD 800 million to USD 860 million and GAAP diluted earnings per share of USD 1.02 to USD 1.26. Non-GAAP diluted earnings per share guidance was USD 1.11 to USD 1.35. The range keeps execution and capacity utilization central after the strong third-quarter expansion.
Analyst targets split
TD Cowen's USD 100.00 target contrasts with Oppenheimer's USD 150.00 target, which it reiterated on October 28, 2026, according to Markets Insider. That spread puts the market's focus on whether rising semiconductor demand can translate into sustained margins as Ultra Clean expands capacity.
Stock quote in euros
Ultra Clean Holdings was trading at EUR 49.26 at Lang & Schwarz on October 29, 2026 at 2:07 p.m. CEST. The Nasdaq-listed stock had a market capitalization of USD 2.5 billion as of October 28, 2026, and its 52-week range was USD 21.49 to USD 144.22.
The further course of trading is shown by the continuously updated real-time quote of Ultra Clean Holdings stock.
Ultra Clean Holdings stock facts
- Company: Ultra Clean Holdings, Inc.
- ISIN: US90385V1070
- Ticker: UCTT
- Primary exchange: Nasdaq
- Price Lang & Schwarz (as of October 29, 2026, 2:07 p.m. CEST): EUR 49.26
- Market capitalization: USD 2.5 billion (as of October 28, 2026)
- 52-week range: USD 21.49-USD 144.22 (as of October 28, 2026)
- Sector / Industry: Technology / Semiconductors
Market context: Market report S&P 500.
