What move does the options market price into Ultra Clean's report?

Implied ±34.1%, either direction · provisional.

How often does Ultra Clean move more than the options market prices?

2 of the last 8 reports moved at least as far as the implied move.

UCTTNasdaqSemiconductors & Related Devices

Ultra Clean Holdings, Inc. (UCTT) earnings date, market-implied expected move, and options open interest by expiry

50.99

Closed19:30 ET

Open52.00Volume2.1MMkt cap$2.4BP/E87.91EPS0.58

Day47.48 – 52.2374%52-wk21.49 – 144.2224%

UCTT

Ultra Clean Holdings, Inc.

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±34.1%implied · straddle

32.7566.67

spot 49.71exp Mar 19ATM strike 50ATM straddle 19.95IV 82%

Oct 30 closeprovisional

Expected move

Inputs

Next report

Feb 24

after close · in 115 days

est.Q4 FY26

Calendar

Next report

Last report

+8.55%

vs ±17.9% implied · ×0.48

shaded = implied · ▲▼ = realized

Oct 27 '26 · confirmed

Implied vs realized

Largest filed tie

58.70%

of UCTT revenue · Top two customers as a group

customerUCTT 10-K

Largest filed tie

13F top-10 QoQ

+1.05%

shares held · 10 largest managers

13F · Jun 30 '26124d lag

436 managers

Top fund weight

0.20%

UCTT weight · IWM

N-PORTJun 30 '26

3 funds

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

Ultra Clean (UCTT) is expected to report on Feb 24 after close (estimated date).

Implied vs realized

8 reports

2 of 8≥ implied

avg implied: ±13.7%
avg realized: ±7.6%

Jul 27 '23Jul 27 '23confirmed±9.5%▼−0.06%×0.01

Oct 28 '24Oct 28 '24confirmed±9.9%▲+0.20%×0.02

Feb 24 '25Feb 24 '25confirmed±11.2%▼−28.18%×2.52

Apr 28 '25Apr 28 '25confirmed±12.7%▼−13.90%×1.10

Jul 28 '25Jul 28 '25confirmed±16.6%▼−0.61%×0.04

Q3 FY25Oct 28 '25confirmed±11.7%▼−4.19%×0.36

Q2 FY26Aug 3 '26confirmed±20.5%▼−5.19%×0.25

Q3 FY26Oct 27 '26confirmed±17.9%▲+8.55%×0.48

quarterimplied−30%0+30%realized×

Q3 FY26±17.9%▲+8.55%×0.48

Q2 FY26±20.5%

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 3 expiries · Oct 28 close

0.32OI · 3 expiries · Oct 28 closeP/C open interest · Mar 19 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

2,526+76%Nov 2019d0.683,712+59%0.68

1,367+2%Dec 1847d0.453,053+5%0.45

report · Feb 24 · after close · est.

1,494+3%Mar 19138d4,704+5%

ExpiryPutsCallsP/C

Nov 2019d2,526+76%3,712+59%0.68

Dec 1847d1,367+2%3,053+5%0.45

report · Feb 24 · after close · est.

Mar 19138d1,494+3%

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

scenario · straddle±34.1%

Funds 3

IWM±0.1%

UWM±0.0%

VTI±0.0%

Customers 2

LRCX±18.9%×0.55

AMAT±17.3%×0.51

Dashed = straddle · × = co-movement · max 500dMethod Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

as filedQ3 FY26

5.38%as filednet margin · revenue +17.69% QoQ · +48.82% YoY

Revenue

$759M+17.69% QoQ

Gross profit

$128M+23.82% QoQ

16.92% margin

Operating income

$54M+82.03% QoQ

7.08% margin

Pre-tax income

$51M+70.33% QoQ

Net income

$41M+242.86% QoQ

5.38% margin

Cost of revenue

$631M+16.52% QoQ

Operating expenses

$75M+0.67% QoQ

SG&A $50M

Marketing $16M

R&D $9M

Other expense

$3M

Tax

$10M−43.09% QoQ

Revenue$759M+17.69%

Gross profit

$128M+23.82%

16.92% margin

Operating income

$54M+82.03%

7.08% margin

Pre-tax income

$51M+70.33%

Net income

$41M+242.86%

5.38% margin

Cost of revenue

$631M+16.52%

Operating expenses

$75M+0.67%

SG&A $50M

Marketing $16M

R&D $9M

Other expense

$3M

Tax$10M−43.09%

flow · deduction · signed % = QoQSource: SEC filings · standardized · QE Sep 25 '26 · width = $

Revenue flow

Intraday

15m bars

Long dash = implied range · Oct 30 close · Hatch = extended hours · ▯ up · ▮ downSource: market data · 19:30 ET

Intraday

Event sensitivity

NFP ×2.56· ±8.0% vs ±3.1% · 10 releases

eventrelease day|move|up · n×base

NFPjobs report±8.0%5 of 10×2.56

PPIproducer prices±4.8%6 of 10×1.53

GDPgross domestic product±4.3%9 of 19×1.39

PCEpersonal income & outlays±4.3%7 of 19×1.37

CPIconsumer prices±4.2%8 of 10×1.35

CPROFcorporate profits±3.3%6 of 12×1.07

FOMCrate decision±2.8%14 of 24×0.89

Bar = avg |move| to ±8% · tick = ±3.1% avg day · ×base = |move| ÷ ±3.1% · min 6 releases

Earnings history

EPS 0.85 · consensus —

Quarter	Reported	EPS	Consensus
Q3 FY26	Oct 27 '26 · confirmed	0.85	—
Q2 FY26	Aug 3 '26 · confirmed	0.19	—
Q1 FY26	—	-0.40	—
Q3 FY25	Oct 28 '25 · confirmed	-0.24	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod