Post-earnings recap
Reported
Tue, Apr 28, 2026
EPS actual
$0.31
EPS est.
$0.20
EPS surprise
+55.00%
1-day move
-3.50%
Ultra Clean Holdings reported better-than-expected earnings per share, which indicates strong performance relative to analyst expectations. However, the stock fell by 3.5% in reaction, likely due to the absence of revenue data and lack of future guidance, leaving investors uncertain about the company's trajectory.
| Metric | Actual | Expected | Surprise |
|---|---|---|---|
| EPS | $0.31 | $0.26 | +19.2% |
| Revenue | N/A | $525M | N/A |
Management expressed satisfaction with the EPS results, highlighting operational efficiency. However, they did not provide specific guidance for future quarters.
We are pleased with our EPS performance this quarter.
Despite the challenges, we are focused on maintaining operational efficiency.
Ultra Clean Holdings, Inc. (UCTT) operates in the Information Technology sector, focusing on semiconductor materials and equipment. As a key player in the semiconductor industry, UCTT is crucial for technology advancements, especially with the growing demand for electronics and data processing.
Last quarter
In the last quarter, UCTT reported an EPS of $0.22, exceeding expectations of $0.16, marking a 37.5% surprise. The stock reacted positively, gaining 3.82% the next day.
EPS beat streak
8Q
EPS beat rate
100%
Avg EPS surprise
+40.81%
Avg 1-day reaction
+0.36%
Analysts expect UCTT to maintain its positive earnings trajectory with a consensus EPS of $0.26. The market is keen to see if the company can continue to outperform expectations.
Bull case
If UCTT beats EPS estimates again, it could signal strong operational efficiency and demand, potentially leading to a stock price increase.
Bear case
Conversely, if UCTT fails to meet expectations, it may raise concerns about market demand and profitability, leading to a negative market reaction.
Key metrics to watch
EPS
$0.26Earnings per share is a critical measure of profitability and will indicate how well the company is managing its costs and generating profit.
Revenue
$525MRevenue figures will provide insight into the company's sales performance and market demand for its products.
The print will turn on these.
Q1
Will UCTT's EPS exceed the consensus estimate of $0.26?
A beat on EPS would reinforce the company's growth narrative and could lead to a positive stock reaction.
Q2
What does UCTT report for revenue, expected at $525M?
Revenue performance will indicate market demand for UCTT's products and could impact future guidance.
—
Est. EPS
$1.52
Est. Rev
$3.6B
Impl. Move
±39.2%
Why consensus could be wrong
The Street may be underestimating UCTT's ability to leverage recent technological advancements in semiconductor manufacturing, which could lead to stronger-than-expected demand.
Supporting evidence
UCTT has consistently beaten EPS estimates, indicating strong operational management.
The options market is pricing a significant move, suggesting traders anticipate volatility that may not align with current consensus.
Historical trends show that UCTT's stock often reacts positively to earnings beats, which could be overlooked.
Key risk
If UCTT's revenue exceeds $526M, it could significantly challenge the current bearish sentiment.
Pre-commit to what would confirm each case.
This quarter's performance is critical as it will either validate the company's growth strategy or highlight potential weaknesses in demand.
Bull confirmed if
An EPS of $0.27 or higher would confirm the bull case, indicating strong profitability.
Bear confirmed if
An EPS below $0.26 would support the bear case, raising concerns about demand and profitability.
What the market is pricing for the move.
Implied Move
±20.27%
Historical Avg
±3.2%
The options market is pricing in a significant move, suggesting that traders expect volatility around the earnings report.
Options are pricing ±20.2% while UCTT has averaged ±3.2% over the last 8 prints — setup is pricing rich.
ATM IV
1.1%
30d HV
69.7%
Smart-money positioning from the most recent 13F filings.
Institutional
110.44%
of float
Insider
1.93%
of float
Holders
570
institutions
Top Holders· as of Jun 2026
Blackrock Inc.
6,919,992 sh · $494.2M
15.44%
1.3%
Likely market behavior by outcome. Not investment advice.
Beat & raise
If UCTT beats expectations, history suggests a potential stock increase of around 2.3%, confirming strong operational performance.
In line / cautious
If results are in line with expectations, the stock may react cautiously, reflecting uncertainty in future growth.
Miss
Should UCTT miss estimates, history suggests a potential decline of around 0.11%, raising concerns about market demand.
The lines on the call that would change the story.
Invesco Ltd.
3,124,839 sh · $223.2M
6.97%
88.3%
Vanguard Portfolio Management LLC
2,757,438 sh · $196.9M
6.15%
-1.6%
Capital World Investors
2,580,132 sh · $184.3M
5.76%
100.0%
Vanguard Capital Management LLC
1,909,026 sh · $136.3M
4.26%
-0.4%
13F filings updated quarterly. Position deltas show change in shares vs. the prior quarter.