Ultra Clean Jumps 6.6% as Q3 Double Beat Comes With $800M-$860M Q4 Guide
UCTT has more than doubled off its 52-week low of $21.485.
Summary
Ultra Clean posted a Q3 double beat: non-GAAP EPS of $1.15 and revenue up 49% to $759M, with products at $681.9M on etch and deposition strength tied to gate-all-around and high-bandwidth memory. Shares rose 6.60% to $54.88 in Wednesday trading. The forward numbers are the real story: Q4 revenue guided to $800M-$860M and EPS to $1.11-$1.35, both above consensus of $821M and $1.18. Management expects to reach roughly $4B of capacity in Q1 and plans $80M-$100M of incremental investment through 2027 and 2028, with the CFO guiding 2027 wafer fab equipment spending above $200B. Customer concentration remains high — the two largest customers were 61% of revenue. This follows the Q3 release furnished in Tuesday's 8-K and the $400M ATM program set up in August.
At the time of this announcement, UCTT was trading at $54.99 on NASDAQ in the Technology sector, with a market capitalization of approximately $2.5B. The 52-week trading range was $21.49 to $144.22. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Seeking Alpha.