Ultra Clean Holdings Sees 10.7% EPS Growth, Analysts Forecast 31% Upside
Ultra Clean’s Q1 2026 revenue grew 2.9% to $533.7 million and non-GAAP EPS rose 10.7% to $0.31 on AI-driven demand, while UBS initiated coverage with a Buy rating and Zacks assigned a Strong Buy. Shares have climbed 18.1% in four weeks, consensus price target $98 implying 31.4% upside.
1. Analyst Ratings and Price Targets
UBS initiated coverage of Ultra Clean with a Buy rating, while Zacks upgraded its rank to Strong Buy. The consensus price target stands at $98, suggesting a 31.4% upside from recent share levels.
2. Recent Stock Performance
Shares of Ultra Clean have gained 18.1% over the past four weeks, reflecting heightened investor optimism around the company’s growth prospects in semiconductor systems and components.
3. Q1 2026 Financial Results
For the first quarter of 2026, revenue increased 2.9% year-over-year to $533.7 million, and non-GAAP EPS rose 10.7% to $0.31, driven largely by strong demand for AI-related semiconductor equipment.
4. Q2 2026 Guidance
Ultra Clean projects Q2 revenue between $565 million and $605 million and EPS of $0.44 to $0.66, both figures exceeding many analysts’ initial forecasts and underscoring continued momentum.