Ultra Clean Q1 revenue rises, beats analyst expectations

Ultra Clean Holdings

28/04/2026 21:20

Overview

Semiconductor subsystems supplier’s Q1 revenue rose sequentially and beat analysts’ expectations

Q1 non-GAAP net income positive, but company posted wider GAAP net loss

Company cites strong customer demand and focus on operational efficiencies

Outlook

Ultra Clean expects Q2 2026 revenue between $565 mln and $605 mln

Company sees Q2 2026 GAAP diluted EPS between $0.20 and $0.36

Ultra Clean expects Q2 2026 non-GAAP diluted EPS between $0.44 and $0.60

Result Drivers

CUSTOMER DEMAND - Co said Q1 results were supported by demand across its customer base

TECHNOLOGY ROADMAPS - Customers accelerating technology roadmaps contributed to growth, per CEO James Xiao

OPERATIONAL EFFICIENCIES - Co said focus on ramp-readiness and efficiencies across global footprint positioned it for sustained growth

Company press release: ID:nPn2bF4Pta

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$533.70 mln
$525.28 mln (4 Analysts)
Q1 Net Income
-$15 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the semiconductor equipment & testing peer group is "buy"

Wall Street's median 12-month price target for Ultra Clean Holdings Inc is $77.50, about 4.4% below its April 27 closing price of $81.09

The stock recently traded at 33 times the next 12-month earnings vs. a P/E of 17 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)