Ultra Clean Holdings Q3 2026: Record $759M Revenue on AI Demand Surge
As seen on the 24/7 Wall St. homepage on October 27, 2026.
AI-driven orders flipped a year-ago loss into $39.1 million of net income, with both EPS and revenue beating expectations. Management guided fourth quarter revenue above the quarter just reported.
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Ultra Clean Holdings posted record quarterly revenue of $759 million for Q3 2026, a 49% jump from a year ago, as AI-driven semiconductor demand pulled orders sharply higher across both its Products and Services segments.
Non-GAAP EPS of $1.15 beat expectations, and GAAP net income reversed a year-ago loss, the widest earnings beat in the eight quarters shown.
Earnings accelerated through 2026 after a flat 2025, suggesting the AI demand tailwind is still building rather than plateauing.
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Management guided Q4 2026 revenue to a range of $800 million to $860 million, above the $759 million just reported, with non-GAAP diluted EPS of $1.11 to $1.35. CEO James Xiao pointed to the company's UCT 3.0 strategy, centered on co-innovation with customers and developing more advanced solutions, as the framework for translating industry growth into sustained shareholder value.
Inventories expanded to $723.3 million to support the capacity ramp against negative operating cash flow so far this year. Whether the Q4 revenue surge converts that inventory into cash signals how durable this demand cycle is.
Mentioned: UCTT