Ultra Clean Reports Fourth Quarter and Full Year 2025 Financial Results

Core Viewpoint - Ultra Clean Holdings, Inc. reported its financial results for Q4 and full year 2025, indicating a stable performance amidst a dynamic operating environment, with a focus on ramp-readiness initiatives to support anticipated multi-year growth in AI adoption [1]. Financial Results Summary Fourth Quarter 2025 GAAP Financial Results - Total revenue was $506.6 million, with products contributing $442.4 million and services adding $64.2 million - Total gross margin was 15.2%, operating margin was 2.2%, and net loss was $(3.3) million or $(0.07) per diluted share - Compared to Q3 2025, total revenue decreased from $510.0 million, gross margin from 16.1%, operating margin from 2.1%, and net loss improved from $(10.9) million or $(0.24) per diluted share [1][2]. Fourth Quarter 2025 Non-GAAP Financial Results - On a non-GAAP basis, gross margin was 16.1%, operating margin was 4.9%, and net income was $10.0 million or $0.22 per diluted share - This reflects a decrease from Q3 2025, where gross margin was 17.0%, operating margin was 5.7%, and net income was $12.9 million or $0.28 per diluted share [1][2]. Full Year 2025 GAAP Financial Results - Total revenue was $2,054.0 million, with products contributing $1,799.3 million and services adding $254.7 million - Total gross margin was 15.7%, operating margin was (5.2)%, and net loss was $(181.2) million or $(4.00) per diluted share - Compared to 2024, total revenue decreased from $2,097.6 million, gross margin from 17.0%, operating margin from 4.3%, and net income decreased from $23.7 million or $0.52 per diluted share [1][2]. Full Year 2025 Non-GAAP Financial Results - On a non-GAAP basis, gross margin was 16.5%, operating margin was 5.3%, and net income was $47.7 million or $1.05 per diluted share - This reflects a decrease from 2024, where gross margin was 17.5%, operating margin was 6.9%, and net income was $65.2 million or $1.44 per diluted share [1][2]. First Quarter 2026 Outlook - The company expects revenue in the range of $505 million to $545 million - GAAP diluted net income (loss) per share is expected to be between $(0.13) and $0.03, while non-GAAP diluted net income per share is expected to be between $0.18 and $0.34 [1]. Company Overview - Ultra Clean Holdings, Inc. is a leading developer and supplier of critical subsystems, components, parts, and ultra-high purity cleaning and analytical services, primarily for the semiconductor industry - The company offers integrated outsourced solutions for major subassemblies, improved design-to-delivery cycle times, and high-precision manufacturing [1][2].