Latest revenue
$533.7M
as of 2026-03-27
Latest net income
$-17.9M
as of 2026-03-27
Net margin
-3.4%
as of 2026-03-27
Price · 5Y
Live market
delayed ≤15 min- Market cap
- $3.77B
- Enterprise value
- $3.77B
- P/E (trailing)
- —
- Forward P/E
- —
- P/B
- —
- Dividend yield
- 0.0%
- 52-wk high
- $88.50
- 52-wk low
- $18.93
- Beta
- —
- Shares out
- 44.8M
5-year trend
What this company does
Ultra Clean Holdings makes critical subsystems, components, and gas/fluid delivery modules for semiconductor capital equipment makers, plus ultra-high purity parts cleaning and contamination analysis services. The Products segment generates roughly 87% of revenue, with the smaller Services arm cleaning and recoating chamber parts for chipmakers and wafer fab equipment customers. Despite flat revenue growth, UCT just refinanced its capital structure by issuing $600 million in convertible notes to repay bank debt and buy back stock, while a tax-driven swing pushed the quarter to a $17.9 million net loss.
Generated from UCTT's filing dated 2026-02-23
Key risks
- Customer concentration risk amplified by Q1 net loss of $17.9M vs $5.0M loss prior year, with gross margin compressed to 15.8%.
- Leverage jumped: long-term debt rose to $601.9M from $467M after $600M convertible issuance; $25.1M spent on capped calls.
- Inventory ballooned $91M to $481.9M, driving $33.3M operating cash burn vs $28.2M inflow prior year — demand visibility concern.
Generated from UCTT's filing dated 2026-02-23
Profitability
Gross margin
15.7%
7.5%Operating margin
-5.2%
220.3%Net margin
-8.8%
880.8%Return on equity
-25.5%
1039.4%Return on assets
-10.5%
949.0%Leverage
Debt / equity
1.43×
19.5%Long-term debt / equity
0.66×
20.4%Debt / assets
58.9%
8.0%Earnings tracker
| Quarter | Revenue | YoY | Net income | YoY | Net margin |
|---|---|---|---|---|---|
Q1 2026 2026-03-27 | $533.7M | +2.9% | $-17.9M | -258.0% | -3.4% |
Q4 2025 2025-12-26 | $506.6M | -10.1% | $-3.3M | -112.8% | -0.7% |
Q3 2025 2025-09-26 | $510.0M | -5.6% | $-10.9M | -373.9% | -2.1% |
Q2 2025 2025-06-27 | $518.8M | +0.5% | $-162.0M | -1770.1% | -31.2% |
Q1 2025 2025-03-28 | $518.6M | +8.6% | $-5.0M | +46.8% | -1.0% |
Q4 2024 2024-12-27 | $563.4M | — | $25.7M | — | 4.6% |
Q3 2024 2024-09-27 | $540.4M | +24.2% | $-2.3M | +84.1% | -0.4% |
Q2 2024 2024-06-28 | $516.1M | +22.4% | $9.7M | +203.2% | 1.9% |
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
Semiconductors & Related Devices · SIC 3674
Your notes
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Insider activity
Insider buying
$0
Insider selling
$6.6M
Net activity
−$6.6M
Distinct insiders
7
Open-market trades over the last 365 days.
Recent transactions
Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.
Who owns UCTT
Institutional value
$1.51B
Total shares held
25.2M
Distinct holders
190
-45 vs prior
As of
2026-03-31
Prior: 2025-12-31
Filers with $100M+ AUM disclose holdings 45 days after quarter end.
Top institutional holders
| # | Manager | Shares | Value | QoQ change | Action |
|---|---|---|---|---|---|
| 1 | BlackRock, Inc. | 6.8M | $424.9M | +113.2K (+1.7%) | Added |
| 2 | VANGUARD PORTFOLIO MANAGEMENT LLC | 2.8M | $174.2M | — | New |
| 3 | VANGUARD CAPITAL MANAGEMENT LLC | 1.9M | $119.2M | — | New |
| 4 | Invesco Ltd. | 1.7M | $103.2M | -1.7M (-51.2%) | Trimmed |
| 5 | Boston Partners | 1.5M | $91.4M | — | New |
| 6 | DIMENSIONAL FUND ADVISORS LP | 1.0M | $62.9M | -513.1K (-33.6%) | Trimmed |
| 7 | ROYCE & ASSOCIATES LP | 759.5K | $47.2M | -339.2K (-30.9%) | Trimmed |
| 8 | Bank of New York Mellon Corp | 443.7K | $27.6M | -191.3K (-30.1%) | Trimmed |
| 9 | PINNACLE ASSOCIATES LTD | 441.7K | $27.5M | -20.5K (-4.4%) | Trimmed |
| 10 | First Eagle Investment Management, LLC | 434.1K | $27.0M | +23.5K (+5.7%) | Added |
| 11 | Russell Investments Group, Ltd. | 359.9K | $22.4M | +295.3K (+456.5%) | Added |
| 12 | UBS Group AG | 351.3K | $21.8M | +118.9K (+51.1%) | Added |
| 13 | BNP PARIBAS FINANCIAL MARKETS | 323.9K | $20.1M | -102.7K (-24.1%) | Trimmed |
| 14 | Goodman Financial Corp | 311.1K | $19.3M | -246.9K (-44.2%) | Trimmed |
| 15 | JANE STREET GROUP, LLC | 309.7K | $19.3M | +208.1K (+205.0%) | Added |
| 16 | JPMORGAN CHASE & CO | 336.4K | $18.8M | -176.1K (-34.4%) | Trimmed |
| 17 | VANGUARD FIDUCIARY TRUST CO | 292.8K | $18.2M | — | New |
| 18 | Public Sector Pension Investment Board | 277.4K | $17.2M | +120.2K (+76.5%) | Added |
| 19 | CITIGROUP INC | 227.5K | $14.1M | +158.6K (+229.9%) | Added |
| 20 | PRUDENTIAL FINANCIAL INC | 221.5K | $13.8M | +146.0K (+193.3%) | Added |
Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.
Top questions investors are asking
- 1
Inventory jumped $91M to $482M while revenue grew only 3% YoY—what specific customer commitments justify this build, and what's your obsolescence risk?
- 2
You took a $19.2M tax provision on just $4.2M pretax income—walk us through this anomaly and whether it recurs in coming quarters.
- 3
Why issue $600M convertibles and pay $25M for capped calls while simultaneously buying back $40M stock—what does this signal about near-term cash needs?
Refreshed when UCTT files a new report · last from 2026-02-23