Short answer
Ultra Clean Holdings, Inc. (UCTT) filed its Q1 2026 10-Q quarterly report on Apr 29, 2026 for the quarter ended Mar 27, 2026. Quarterly revenue was $534M (up 2.9% year over year) with net income of −$18M.
Q1 2026 key financials · XBRL
- Revenue
- $534M
- +2.9% YoY
- Net income
- −$18M
- −258.0% YoY
- Operating margin
- 2.1%
- Gross margin
- 15.8%
- EPS (diluted)
- −$0.40
- −263.6% YoY
Source: XBRL data from the Ultra Clean Holdings, Inc. (UCTT) Q1 2026 10-Q on SEC EDGAR. USD.
Ultra Clean Holdings, Inc. Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $533.7M, up 2.9% YoY from $518.6M
- Services best performer: revenue $68.0M, up 10.4%; operating margin 6.5% vs 4.5%
- Products weakest margin: operating margin 1.5% vs 2.2%; gross margin 14.0% vs 14.6%
- Cash $323.5M vs $311.8M; operating cash flow $(33.3)M vs $28.2M
- $600.0M convertible-note issuance; $462.0M term-loan repayment and $40.0M share repurchases
- Near-term liquidity sufficient for twelve months; headwinds include semiconductor cyclicality, acquisitions, covenants and capital-expenditure needs
Risk Factors
- New debt risk triggered by March 2026 issuance of $600.0 million 2031 Convertible Notes
- Liquidity risk from cash settlement of conversions and repurchases under the 2031 Convertible Notes
- Regulatory compliance risk from credit-agreement covenant breaches potentially accelerating outstanding indebtedness
- Equity-market risk from capped-call counterparties’ hedging transactions affecting common-stock value
- Balance-sheet risk from potential conversion-triggered reclassification of notes as current liabilities
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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