
Ultra Clean (UCTT) Stock Forecast & Price Target
Ultra Clean (UCTT) Analyst Ratings
Bulls say
Ultra Clean Holdings Inc. has demonstrated a significant improvement in customer forecasts for 2026, with management reporting expectations of wafer fabrication equipment (WFE) growth of 15-20%, an increase from previous low- to mid-teen projections, along with a noted revenue inflection anticipated in the second half of 2026. The company’s earnings per share (EPS) potential exceeds $4, bolstered by strong gross margins and improved product mix, indicating robust operational performance and cost recovery efficiencies. Additionally, the normalization of inventories at key customer accounts suggests a favorable environment for immediate revenue growth as the semiconductor industry prepares to enter an upcycle.
Bears say
Ultra Clean Holdings Inc. is experiencing a decline in revenue and gross margins, as highlighted by a guidance forecast predicting a -1% quarter-over-quarter and -10% year-over-year decrease in revenue for 4Q25, with projections suggesting flat performance for the next 2-3 quarters. The company reported a 3Q25 total revenue of $505 million, reflecting a -2% sequential and -6% year-over-year decline, alongside a significant drop in non-GAAP operating income by 36.2% year-over-year to $25 million, resulting in a 200 basis points fall in margins. With revenue in China down 33% year-over-year and indications that adjusted wafer fabrication equipment (WFE) is expected to remain flat or decrease, the fundamentals suggest a challenging outlook for Ultra Clean Holdings' financial performance.
This aggregate rating is based on analysts' research of Ultra Clean and is not a guaranteed prediction by Public.com or investment advice.
Ultra Clean (UCTT) Analyst Forecast & Price Prediction
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