Ultra Clean Holdings, Inc.
For the period ended Dec 26, 2025. Filed Feb 23, 2026.
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FY2025 · Filed Feb 23, 2026
Contents
Reportable Segments
- REPORTABLE SEGMENTS
The Company’s Chief Executive Officer is the Company's chief operating decision maker (CODM). The CODM primarily uses income from operations to evaluate each segment's performance and allocate resources, primarily through periodic budgeting and segment performance reviews. Significant expenses within segment operating profit include cost of revenue, research and development, and selling, general and administrative expenses, which are each separately presented on the Company’s Consolidated Statements of Operations.
The Company’s reportable segments are determined based on the nature of their revenue streams and the Company’s internal organization structure.
In fiscal year 2025 and 2024, the Company prepared financial results based ontwo operating segments (Products and Services) andtwo reportable segments (Products and Services).
The following table describes each segment:
| Segment | Product or Services | Primary Markets Served | Geographic Areas |
|---|---|---|---|
| Products | AssemblyWeldmentsMachiningFabrication | Semiconductor | AmericasAsia PacificEMEA |
| Services | CleaningCoatingAnalytics | Semiconductor | AmericasAsia PacificEMEA |
The CODM uses segment operating profit or loss to evaluate performance and to allocate capital resources. Segment operating profit or loss is defined as a segment’s income or loss from continuing operations before interest and other income (expense), net and provision for income taxes. Any intercompany sales and associated profit (and any other intercompany items) are eliminated from segment results.
| Year Ended | |||
|---|---|---|---|
| (In millions) | December 26,2025 | December 27,2024 | December 29,2023 |
| Revenues: | |||
| Products | $1,799.3 | $1,853.7 | $1,501.6 |
| Services | 254.7 | 243.9 | 232.9 |
| Total segment revenues | $2,054.0 | $2,097.6 | $1,734.5 |
| Cost of revenues: | |||
| Products | $1,547.0 | $1,569.7 | $1,290.5 |
| Services | 184.1 | 171.6 | 166.7 |
| Total segment cost of revenues | $1,731.1 | $1,741.3 | $1,457.2 |
| Operating expenses: | |||
|---|---|---|---|
| Products | |||
| Research and development | $21.3 | $18.8 | $17.8 |
| Sales and marketing | 48.1 | 46.7 | 41.4 |
| General and administrative | 151.5 | 139.1 | 122.0 |
| Impairment of goodwill | 77.6 | — | — |
| Total Products operating expenses | $298.5 | $204.6 | $181.2 |
| Services | |||
| Research and development | $10.7 | $9.5 | $10.5 |
| Sales and marketing | 13.1 | 10.6 | 10.4 |
| General and administrative | 34.5 | 40.4 | 40.0 |
| Impairment of goodwill | 73.5 | — | — |
| Total Services operating expenses | 131.8 | 60.5 | 60.9 |
| Total segment operating expenses | $430.3 | $265.1 | $242.1 |
| Segment operating profit: | |||
| Products | $(46.2) | $79.4 | $29.9 |
| Services | (61.2) | 11.8 | 5.3 |
| Total segment operating profit | $(107.4) | $91.2 | $35.2 |
| Reconciliation of segment operating profit: | |||
| Total segment operating profit | $(107.4) | $91.2 | $35.2 |
| Interest income | 3.9 | 4.8 | 4.1 |
| Interest expense | (38.3) | (46.5) | (48.8) |
| Other income (expense), net | (3.9) | 17.7 | (1.8) |
| Income (loss) before provision for income taxes | $(145.7) | $67.2 | $(11.3) |
| Expenditures for segment property, plant and equipment | |||
| Products | $31.7 | $40.4 | $62.4 |
| Services | 18.6 | 23.1 | 13.4 |
| Total expenditures for segment assets | $50.3 | $63.5 | $75.8 |
| Depreciation and amortization | |||
| Products | $50.7 | $51.3 | $36.4 |
| Services | 25.3 | 24.8 | 25.3 |
| Total depreciation and amortization | $76.0 | $76.1 | $61.7 |
| (In millions) | December 26,2025 | December 27,2024 |
|---|---|---|
| Assets | ||
| Products | $1,446.0 | $1,657.0 |
| Services | 283.0 | 262.9 |
| Total segment assets | $1,729.0 | $1,919.9 |
Long-lived assets comprise of operating lease right-of-use assets and property, plant and equipment, net, reported based on the location of the asset. The carrying amount of long-lived assets in United States, Malaysia, Israel, South Korea and other foreign countries were $172.6 million, $81.0 million, $69.6 million, $50.0 million and $108.4 million, respectively as of December 26, 2025, and $176.9 million, $83.2 million, $75.2 million, $49.8 million and $101.8 million, respectively as of December 27, 2024.
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