Ultra Clean makes the plumbing and precision parts inside semiconductor manufacturing tools—gas delivery systems, valves, and cleaning services that keep chipmaking equipment running. Think of them as the behind-the-scenes supplier to chip equipment builders.
Revenue comes from selling subsystems and cleaning services to semiconductor equipment makers, with annual revenue around USD 2.05B. Gross margins are thin at roughly 16%, and the company swung to a net loss of USD 0.18B in 2025, so profitability is fragile.
Their ultra-high-purity cleaning and precision components require specialized expertise that competitors like Ichor Holdings and MKS Instruments can't easily replicate, giving them a solid niche. However, the moat is eroding as chipmakers push for cost cuts an
Hold (sector percentile 49) — value C+, growth B, profitability D, momentum B+, revisions B. Updated daily, sector-relative, identical for every user.
Key events, in time order
Earnings call highlights AI demand, longer forecasts, capacity expansion; Q3 outlook above Q2
Q2 revenue $644.9M +24.3% YoY, EPS $0.70 beat, AI-driven demand strong
Q2 rev $644.9M +24.3% YoY, EPS $0.70 beat; Q3 outlook above Q2
Q2 2026 guidance: total revenue projected between $565 million and $605 million; EPS guidance of $0.44 to $0.60
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