Ultra Clean Posts $506.6M Q4 Sales, Narrowed GAAP Loss, Raises Q1 Guidance
Ultra Clean generated $506.6M in Q4 revenue, with GAAP net loss narrowing to $3.3M and non-GAAP net income of $10.0M on a 16.1% non-GAAP gross margin. Management forecasts Q1 revenue of $505M–$545M and non-GAAP EPS of $0.18–$0.34.
1. Fourth Quarter Results
Ultra Clean reported Q4 revenue of $506.6 million, with Products revenue of $442.4 million and Services revenue of $64.2 million. GAAP gross margin was 15.2% with a net loss of $3.3 million, while non-GAAP gross margin was 16.1%, delivering net income of $10.0 million or $0.22 per diluted share.
2. Full Year 2025 Performance
For the full year, revenue reached $2,054.0 million. GAAP results included a net loss of $181.2 million, or $4.00 per diluted share, reflecting a $151.1 million noncash goodwill impairment; on a non-GAAP basis, the company achieved 16.5% gross margin, 5.3% operating margin and net income of $47.7 million, or $1.05 per share.
3. First Quarter 2026 Outlook
Ultra Clean projects Q1 revenue between $505 million and $545 million, with GAAP diluted EPS between a $0.13 loss and $0.03 gain, and non-GAAP EPS ranging from $0.18 to $0.34. This guidance reflects management’s view of stable demand as AI-driven manufacturing ramps up.
4. Management Commentary on AI and Growth Strategy
Management emphasized ramp-readiness initiatives to support growing AI adoption, highlighting the company’s global manufacturing network and diversified products and services portfolio. This strategic positioning aims to capture a larger share of multi-year growth opportunities driven by AI deployments.