Short answer
Ultra Clean Holdings, Inc. (UCTT) filed its Q2 2026 10-Q quarterly report on Aug 4, 2026 for the quarter ended Jun 26, 2026. Quarterly revenue was $645M (up 24.3% year over year) with net income of $9M.
Q2 2026 key financials · XBRL
- Revenue
- $645M
- +24.3% YoY · +20.8% QoQ
- Net income
- $9M
- +105.4% YoY · +148.6% QoQ
- Operating margin
- 4.6%
- Gross margin
- 16.1%
- EPS (diluted)
- $0.20
- +105.6% YoY · +150.0% QoQ
Source: XBRL data from the Ultra Clean Holdings, Inc. (UCTT) Q2 2026 10-Q on SEC EDGAR. USD.
Ultra Clean Holdings, Inc. Q2 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Q2 revenue $644.9M, up 24.3% YoY from $518.8M
- Products strongest segment: revenue $572.7M, up 25.9%; operating margin 4.3% vs (15.6%) YoY
- Services margin 27.4% vs 28.0% YoY; operating margin 6.5% vs (111.0%)
- Cash $255.9M vs $311.8M; operating cash flow $(74.4)M vs $57.4M YoY
- $600.0M convertible notes issued; $481.5M debt repayments and $40.0M share repurchases
- Near-term liquidity sufficient for at least 12 months; semiconductor-cycle volatility and working-capital needs remain headwinds
Risk Factors
- New debt risk triggered by $600.0 million 2031 Convertible Notes issued in March 2026
- Liquidity risk from cash-settled conversions and repurchases alongside $15.0 million credit-agreement borrowings
- Covenant risk from restrictions on additional debt, liens, investments, affiliates, and acquisitions
- Equity-market risk from capped-call counterparties’ hedging transactions affecting common-stock value
- Balance-sheet risk if conditional conversion triggers current-liability reclassification of the notes
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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