Ultra Clean
Builds semiconductor-equipment subsystems and provides ultra-high-purity cleaning, coating, and contamination analysis.
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Profile
Supplies semiconductor equipment makers and chip manufacturers with gas and chemical delivery systems, fluid-control components, robotics, process modules, and precision fabrication, while cleaning, coating, and contamination-testing process-tool parts. Products generate most revenue, which is concentrated among a small group of semiconductor-equipment customers.
Designs, engineers, and manufactures production tools, parts, modules, and subsystems for semiconductor and display equipment makers. The Products segment spans gas and chemical delivery, fluid delivery, precision robotics, process modules, frame assemblies, weldments, and thermal-control components. Its outsourced model combines prototyping, design-for-manufacturability, component sourcing, assembly, testing, and high-precision fabrication.
The Services segment cleans and coats process-tool chamber parts, extends part life, and tests tools, wafers, chemicals, water, and cleanroom materials for micro-contamination. Operations serve customers across the Americas, Asia-Pacific, Europe, and the Middle East, with most revenue generated internationally. Semiconductor customers drive nearly all sales, while Lam Research and Applied Materials together account for most revenue.
Company facts
Key statistics
Year to date +154% · Average volume (30d) 1.2M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 4, 2026 | Needham | Reiterate | Buy | $70 | $125 |
| Jun 9, 2026 | Oppenheimer | Reiterate | Outperform | $70 | $115 |
| May 5, 2026 | UBS | Target | $130 | ||
| Feb 24, 2026 | Craig-Hallum | Target | $100 | ||
| Feb 24, 2026 | Needham | Reiterate | Buy | $35 | $70 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 3, 2026Q2 FY26 | $0.53 | $0.70 | +31.8% | $587.6M | $644.9M | +9.7% | −5.19% |
| Apr 28, 2026Q1 FY26 | $0.27 | $0.31 | +14.8% | $525.3M | $533.7M | +1.6% | −7.97% |
| Feb 23, 2026Q4 FY25 | $0.23 | $0.22 | −4.3% | $503.3M | $506.6M | +0.6% | +17.18% |
| Oct 28, 2025Q3 FY25 | $0.24 | $0.28 | +16.7% | $503.3M | $510.0M | +1.3% | −4.19% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $518.6M | $518.8M | $510.0M | $506.7M | $533.7M | $644.9M | |
| Gross profit | $84.0M | $79.5M | $82.2M | $77.3M | $84.4M | $103.7M | |
| Operating income | $12.9M | −$141.8M | $10.6M | $10.9M | $11.4M | $29.5M | |
| Net income | −$5.0M | −$162.0M | −$10.9M | −$3.3M | −$17.9M | $8.7M | |
| Diluted EPS | −$0.11 | −$3.58 | −$0.24 | −$0.07 | −$0.40 | $0.19 | |
| Gross margin | 16.2% | 15.3% | 16.1% | 15.3% | 15.8% | 16.1% | |
| Operating margin | 2.5% | -27.3% | 2.1% | 2.2% | 2.1% | 4.6% |
Fiscal years (4-quarter sums)FY21 $2.10B · FY22 $2.37B · FY23 $1.73B · FY24 $2.10B · FY25 $2.05B
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 26, 2026Cash & short-term investments $255.9M · Total debt $775.9M · Total assets $1.92B · Shareholders' equity $639.8M
Dividends
No dividends on record.
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 44.83M · Float 44.28M · 98.8% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 6.92M | 15.44% | 13F | Aug 7, 2026 |
| Invesco Ltd. | 3.15M | 7.00% | 13G | Aug 13, 2026 |
| Vanguard Portfolio Management LLC | 2.76M | 6.15% | 13F | Aug 13, 2026 |
| Capital World Investors | 2.58M | 5.76% | 13F | Aug 12, 2026 |
| Vanguard Capital Management | 2.25M | 5.01% | 13G | Jul 31, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jul 2, 2026 | Brian E. Harding | officer: Chief Accounting Officer | −3,837 | $128.75 |
| Jun 4, 2026 | Sheri Savage | officer: CFO | −30,187 | $89.46 |
| Jun 4, 2026 | Brian E. Harding | officer: Chief Accounting Officer | −16,988 | $89.47 |
| Jun 2, 2026 | Paul Yoonku Cho | officer: General Counsel and Secretary | −944 | $89.37 |
| May 27, 2026 | Emily M. Liggett | director | −8,198 | $92.18 |
Peers
- Ichor
Direct gas and chemical delivery subsystem overlap.
- Jabil
Scale manufacturing rival for capital equipment programs.
- Celestica
Advanced technology manufacturing and subsystem overlap.
- Benchmark Electronics
Semi-cap precision technology and assembly overlap.
- Parker-Hannifin
High-purity gas and fluid component overlap.
- Enpro
Semiconductor cleaning, coating, and refurbishment overlap.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Ultra Clean | $71.00 | +2.19% | $3.11B | — | 13.6 | 1.4 | +24.3% |
| Ichor | $55.70 | +0.52% | $1.93B | — | 21.5 | 1.9 | +22.7% |
| Jabil | $303.90 | +0.82% | $31.59B | 37.6 | 19.1 | 0.9 | +11.8% |
| Celestica | $299.55 | +0.25% | $34.35B | 31.0 | 19.7 | 2.2 | +61.3% |
| Benchmark Electronics | $72.70 | +1.88% | $2.56B | 48.5 | 22.3 | 0.9 | +17.7% |
| Parker-Hannifin | $996.00 | +0.11% | $125.46B | 34.9 | 28.3 | 5.8 | +9.8% |
| Enpro | $298.97 | +0.01% | $6.32B | 146.5 | 29.0 | 5.2 | +17.6% |
| Median | 37.6 | 21.9 | 2.1 | +17.6% |