Ultra Clean Holdings, Inc.
For the period ended Dec 26, 2025. Filed Feb 23, 2026.
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FY2025 · Filed Feb 23, 2026
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Leases
- LEASES
The Company leases land, offices, facilities and equipment in locations throughout the United States, Asia Pacific and EMEA. The Company’s leases do not provide an implicit rate; thus, the Company uses an estimated incremental borrowing rate in determining the present value of lease payments. Renewal options are typically solely at our discretion and are only included within the lease obligation and right-of-use asset when we are reasonably certain that the renewal options would be exercised. The components of lease expense were summarized as follows:
| Year Ended | ||
|---|---|---|
| (Dollars in millions) | December 26, 2025 | December 27, 2024 |
| Operating lease cost | $32.3 | $32.1 |
| Short-term lease cost | 2.9 | 2.5 |
| Sublease income | (1.0) | (0.8) |
| Total lease cost | $34.2 | $33.8 |
| Operating cash flows used in operating leases | $30.0 | $29.9 |
| Weighted-average remaining lease term – operating leases | 9.2 years | 9.8 years |
| Weighted-average discount rate – operating leases | 7.3% | 7.2% |
Future minimum payments under operating leases as of December 26, 2025 were summarized as follows:
| (In millions) | Operating Leases |
|---|---|
| 2026 | $32.2 |
| 2027 | 31.2 |
| 2028 | 26.9 |
| 2029 | 24.4 |
| 2030 | 21.3 |
| Thereafter | 111.8 |
| Total minimum lease payments | 247.8 |
| Less: imputed interest | (71.0) |
| Lease liability | $176.8 |
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