Recent Updates — UCTT
Ultra Clean Holdings reported third-quarter fiscal 2026 results ending September 25, 2026, with record total revenue of $759 million, an 18% increase from the prior quarter and a 49% rise year-over-year. GAAP net income was $39.1 million, or $0.85 per diluted share, compared to $8.7 million, or $0.19 per diluted share, in the previous quarter. Non-GAAP net income reached $53.2 million, or $1.15 per diluted share. The company provided fourth-quarter revenue guidance of $800 million to $860 million and expects GAAP diluted EPS between $1.02 and $1.26. Ultra Clean Holdings is a leading developer and supplier of critical subsystems, components, parts, and ultra-high purity cleaning and analytical services for the semiconductor industry.
Ultra Clean Holdings appointed Alexander Davern to its Board of Directors effective September 28, 2026. Mr. Davern is a former CEO of National Instruments with over 30 years in global industrial technology and currently serves on the boards of Cirrus Logic, Computer Modelling Group, and Spectris. The company stated his expertise will strengthen strategic insight as it executes its UCT 3.0 growth plan. Ultra Clean Holdings operates in the semiconductor industry, providing critical subsystems, components, parts, and ultra-high purity cleaning and analytical services.
Ultra Clean Holdings, Inc. entered into a sales agreement on August 14, 2026, establishing an at-the-market (ATM) offering program with UBS Securities LLC, Barclays Capital Inc., Craig-Hallum Capital Group LLC, and Oppenheimer & Co. Inc. Under this agreement, the company may offer and sell up to $400 million of its common stock from time to time in its sole discretion. The sales agents are entitled to a commission of up to 3.0% of gross offering proceeds and reimbursement for certain expenses. The company is not obligated to sell any shares and may suspend sales at any time. This equity issuance capability represents a material financing arrangement that could dilute existing shareholders if utilized. Ultra Clean Holdings, Inc. operates in the semiconductor industry, providing cleanroom equipment and services.
Ultra Clean Holdings announced that Sheri Savage has retired as Chief Financial Officer effective August 5, 2026, succeeded by Michael Keogh. Savage entered a Transition and Garden Leave Agreement, continuing as a non-officer Finance Advisor until May 1, 2027, with her base salary and benefits maintained during this period. The transition was not due to any disagreements regarding operations or financial reporting. Ultra Clean Holdings manufactures equipment for the semiconductor industry.
Ultra Clean Holdings, Inc. reported second quarter fiscal 2026 financial results for the period ended June 26, 2026. Total revenue reached $644.9 million, with products contributing $572.7 million and services adding $72.2 million. The company posted a GAAP net income of $8.7 million, or $0.19 per diluted share, compared to a net loss of $(17.9) million in the prior quarter. Non-GAAP net income was $32.3 million, or $0.70 per diluted share. The company provided third quarter 2026 revenue guidance between $700 million and $750 million. Ultra Clean Holdings operates in the semiconductor industry as a developer and supplier of critical subsystems, components, parts, and ultra-high purity cleaning services.
Ultra Clean Holdings, Inc. appointed Michael Keogh as Chief Financial Officer, effective August 5, 2026. Mr. Keogh will receive an annual base salary of $595,000, a target annual bonus of 85% of his base salary, and an initial restricted stock unit (RSU) grant valued at $2,000,000. He is also eligible for annual equity grants consisting of 50% RSUs and 50% performance stock units (PSUs). The company provides specific severance benefits for termination without cause or following a change in control, including salary, bonus, and accelerated equity vesting. The company provides critical cleaning and contamination control equipment and services for the semiconductor and related industries.