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Needham has lowered its price target for Ultra Clean Holdings, Inc. from $125.00 to $80.00 per share.
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Ultra Clean Holdings (UCTT) surged 8.55% after delivering strong Q3 earnings with revenue up 48.8% to $759M and EPS up 64.3% to $1.15, both beating expectations. The company raised guidance to $800-860M for the current quarter and outlined a path to 20% gross margins. The rally was also supported by broad AI sector strength following Anthropic's S-1 filing and strong earnings across the semiconductor equipment space.
Ultra Clean Holdings, Inc. announced its financial results for the third quarter of 2026, reporting revenue of $759.0 million and adjusted earnings per share of $1.15.
Gainers Ultra Clean Hldgs (NASDAQ:UCTT) shares rose 10.9% to $57.1 during Tuesday's after-market session. The market value of their outstanding shares is at $2.0 billion. As per the news, the Q3 earnings report