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/UCTT
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Ultra Clean Holdings Inc

Ultra Clean Holdings Inc

UCTT
$92.43USD↓-0.18%-0.17 today

MARKET CAP

4.1B

P/E (TTM)

85.6x

FWD P/E

24.6x

DAY RANGE

$82 – $95

52W RANGE

$21
$144

AI Summary

Stalk
Sell NowMedium

UCTT remains in a Stage 4 decline with active support failure and a confirmed post-parabola collapse, creating a lower-highs/lower-lows structure. The medium-term tradable side is bearish, reinforced by declining EMAs and persistent distribution. Short-term timing favors immediate selling as price is extended below the 9-, 20-, and 50-period EMAs. Execution should occur now to participate in the downward continuation, with minor rallies into the broken support zone acting as resistance. The long-term uptrend remains intact but is subordinate to the current medium-term downtrend.

  • ↑Projected $600B AI infrastructure spend underpins demand for UCTT’s subsystems
  • ↑Q1 revenue grew 5.2% QoQ to $533.7M and EPS beat at $0.31
  • ↓Negative operating cash flow of $33.3M raises concerns over liquidity management
Full analysis →

The case for & against

Bull & Bear analysis

Bullish

Ultra Clean Technology, Inc. (NASDAQ: UCTT) is a leading player in the semiconductor capital equipment sector, specializing in advanced manufacturing systems that provide critical components for smart devices and semiconductor fabrication. The company is positioned to capitalize on the burgeoning demand from AI-driven applications, offering crucial subsystems, cleanroom services, and tools essential for semiconductor production. With a strategic focus on operational efficiencies and enhancing its service portfolio, UCTT aims to navigate the evolving landscape influenced by significant technological advancements and complex geopolitical factors.

Bull says

  • ↑Projected $600B AI infrastructure spend underpins demand for UCTT’s subsystems
  • ↑Q1 revenue grew 5.2% QoQ to $533.7M and EPS beat at $0.31
  • ↑Gross margin expanded to 16.5% and OPEX stayed at 11.4% of sales
  • ↑Q2 guidance of $565–605M revenue signals backlog strength amid rising AI orders
  • ↑Refinanced $600M debt, cutting interest by $30M to bolster free cash flow
  • ↑Strong technical momentum and positive analyst revisions suggest further share gains

Bear says

  • ↓Negative operating cash flow of $33.3M raises concerns over liquidity management
  • ↓Earnings yield and profitability metrics remain weak, indicating suboptimal returns
  • ↓High share volatility and low institutional 13F ownership point to investor skepticism
  • ↓Geopolitical tensions and tariffs could disrupt supply chains and dampen revenues
  • ↓Concentration risk from key customers may amplify demand variability impact
  • ↓Competition and execution risks in UCT 3.0 strategy could limit growth

Earnings Call · Q1 2026 · Mgmt. Guidance

Updated 05-03-2026neutral

Transcript signals

Bull points

  • we expect a similar range of growth going forward and for the second half as we can see close to double-digit growth quarter over quarter from Q1 to Q2
  • we expect a double digit growth for the year on the service side
  • For the first quarter of 2026, total revenue came in at $533.7 million compared to $506.6 million in the prior quarter.

Bear points

  • Operating cash flow was negative $33.3 million this quarter compared to positive $8.1 million last quarter, driven primarily by higher working capital as we build inventory to meet near-term demand and support future growth.
  • Operating cash flow was negative $33.3 million this quarter compared to positive $8.1 million last quarter, driven primarily by higher working capital as we build inventory to meet near-term demand and support future growth.
  • emerging supply-side constraints, including cleanroom capacity and the time required to bring new fabs online.
Read full transcript analysis ›