Ultra Clean Holdings, Inc.

Good afternoon, ladies and gentlemen, and welcome to Ultra Clean Technology 3rd Quarter 2026 Earnings Call and Webcast. At this time, all lines are in a listen-only mode. Following the presentation, we will conduct a question-and-answer session. If at any time during this call you require immediate assistance, please press the star 0 for the operator. This call is being recorded on Tuesday, October 27, 2026. I would now like to start the conference over with Sherwanda Bennetto, Investor Relations. Please go ahead.

Thank you, Operator. Good afternoon, everyone, and thank you for joining us. With me today are Jane Zhao, CEO, and Mike Keogh, CFO. Jane will give some prepared remarks about the industry and highlight some of the opportunities ahead for UCT. Mike will follow with a financial review, and then we'll open up the call for questions. Today's call contains forward-looking statements that are subject to risks and uncertainties. For more information, please refer to the Risk Factors section in our SEC filings. All forward-looking statements are based on estimates, projections, and assumptions as of today and we assume no obligation to update them after this call. Discussion of our financial results will be presented on a non-GAAP basis. A reconciliation of GAAP to non-GAAP can be found in today's press release posted on our website. And with that, I'd like to turn the call over to James. James, please go ahead.

Thank you, Rhonda, and good afternoon, everyone. We appreciate you joining us for our third quarter 2026 earnings call. With me today is Mike Keogh, who came on board as UCT's chief financial officer in August. This is Mike's first earnings call with us, and I will share a few more words about him shortly. This afternoon, I will briefly highlight our third quarter results. Share our view of the industry and update you on our UCT 3.0 strategy. Mike will then review our financials, and we'll open the call for questions. Very pleased to report that UCT delivered another strong quarter. Revenue from both product and service came in ahead of our expectations. Our bottom line also outperformed, reflecting our continued focus on improving profitability. These results highlight healthy demand across our end markets and solid execution by our team around the world. This quarter also proved the effectiveness of our ramp readiness strategy by planning capacity ahead of demand, We execute on the operational agility required to accommodate excessive orders and deliver them on time. AI demand continues to deliver strong investment across the semiconductor ecosystem, with the world's leading chipmakers and equipment companies expanding capacity to support multi-year AI growth. As AI shifts from training to everyday use, it is creating demand across the entire chip stack. Leading-age foundries are adding capacity on new nodes. Memory makers are adding cleanroom space and fab capacity for DRAM and next-gen HBM. And advanced packaging is growing rapidly to fulfill HBM demand. These are the areas where UCT is the strongest. And as volume and complexity increase, our customers rely even more on our subsystems and engineering expertise. Based on the visibility our customers are sharing with us, we now expect 2027 with or without equipment spending to be above $200 billion. That outlook is grounded in what we can see and measure. The signs that influence our decision-making are the length of our customer's forecast, the FAB utilization, and the availability of critical components across the supply chain. Today, all three remain As our business continues to scale, we are prepared to anticipate and manage supply chain excursions. Because we have support by real-time visibility from our internal systems and from our customers, we can identify potential constraints early and address them quickly. So our customers ramp continue uninterrupted. In a tight supply environment, that reliability is one of the most valuable performance we continue to deliver to our customer. Through our UCT 3.0 strategy, we're using the ops cycle not only to expand our capacity, but to strengthen our technical capabilities and accelerate our response time. Ramp readiness is driving disciplined growth. MTX is deepening our co-innovation partnership with our customers. And digital transformation is improving our operational efficiency and speed. Being ramp ready is fundamental to our customer-first mindset. Ensuring we have the capacity and supply chain in place before our customers need them. The 26,000 square feet of clean room space expansion was built out in Malaysia, came online earlier than anticipated, which helped us to outperform this quarter. And over the next few quarters, We expect to double our development capacity in Cebu, Philippines, and to bring additional cleanroom capacity online in Singapore and the Czech Republic. We also expect to double our vertical integrated manufacturing capacity in Malaysia and Thailand next year. This helps address the critical component constraints that are limiting the industry today. By producing more of these components in-house, we gain greater control over our supply, improve on-time delivery to our customers, and position UCT to capture additional share during this ramp. Our NPX initiative continues to make solid progress within our growing center of excellence. We secured eight new program wins across ASH, ALD, PVD, and lithography applications. Spanning gas delivery, thermal, and other critical subsystems. A similar number of programs are now moving through development and qualification across ASH, deprivation, lithography, and metrology. Co-innovating earlier with our customers strengthens our position to be qualified as the first supplier and to capture more high-value content per tool. We expect these programs to gain momentum as our customers advance through their technology roadmap and know transactions in the coming years and our product roadmap are fully aligned with our customers. Digital transformation is helping us scale more efficiently. Our initiatives are focused on the processes which we can make the most impact, starting with the pull to fulfill, the core of our value chain. We've also launched an integrated planning platform that links demand, supply, inventory, and capacity in real time In a tight supply environment, keeping materials moving smoothly between our customer, UCT, and our suppliers is critical. And it is equally important that data move just as smoothly to enable the smooth material flow. This platform we launched automates that exchange so when the customer demand changes, We can pass that signal quickly through our supply chain and respond with speed and agility. We believe UCT has become a more strategically important partner to the world's leading equipment companies in manufacturing, in engineering, and in service. Our objective is unchanged, to move fast, stay agile, and deliver what matters most to our customers. Continuing to execute on those principles will create sustainable long-term value for our shareholders. Before I hand the call over, I'd like to formally welcome Mike to UCT. He has already made significant impact, working very closely with our leadership teams on operating discipline, footprint optimization, capacity planning, and our digital transformation initiative. We're very glad to have him on the team. Mike, now over to you for the financial review.