Quarterly ResultAug 4, 2026, 04:15 PM
Ultra Clean Holdings Q2 Net Income $8.7M; Revenue $644.9M
AI Summary
Ultra Clean Holdings reported a net income of $8.7 million for the second quarter ended June 26, 2026, a significant improvement from a net loss of $162.0 million in the prior year, with revenues increasing 24.3% to $644.9 million. For the six months, the company reduced its net loss to $9.2 million from $167.0 million. The company also issued $600.0 million in convertible senior notes and repaid its term loan facility, while experiencing negative operating cash flow due to a substantial increase in inventories.
Key Highlights
- Q2 2026 net income attributable to UCT was $8.7 million, up from a $162.0 million loss.
- Q2 2026 total revenues increased 24.3% to $644.9 million from $518.8 million year-over-year.
- Basic EPS for Q2 2026 was $0.19, a significant improvement from $(3.58) in Q2 2025.
- Issued $600.0 million in 0% Convertible Senior Notes due 2031 in March 2026.
- Prepaid and retired the remaining $19.4 million outstanding under its term loan facility.
- Inventories increased by $239.0 million to $629.9 million from December 2025.
- Net cash used in operating activities was $74.4 million for the six months ended June 26, 2026.
- Increased revolving credit facility to $250.0 million, extending maturity to April 2031.
Price Impact
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