Net Income (Loss) Per Share (Tables)

9 Months Ended

Sep. 25, 2026

Schedule of Basic and Diluted Net Income Per Share

The computation of basic and diluted net income (loss) per share is as follows:


	Three Months Ended				Nine Months Ended
(In millions, except per share amounts)	September 25, 2026		September 26, 2025		September 25, 2026		September 26, 2025
Numerator:
Net income (loss) attributable to UCT	$	39.1	$	(10.9)	$	29.9	$	(177.9)
Denominator:
Shares used in computation — basic:
Basic weighted average common shares outstanding	45.4		45.4		45.3		45.2
Shares used in computation — diluted:
Weighted average common shares outstanding	45.4		45.4		45.3		45.2
Effect of potential dilutive securities:
Convertible notes	0.0		—		0.0		—
Employee stock plans	0.8		—		0.9		—
Diluted weighted average common shares outstanding	46.2		45.4		46.2		45.2
Net income (loss) per share attributable to UCT:
Basic	$	0.86	$	(0.24)	$	0.66	$	(3.93)
Diluted	$	0.85	$	(0.24)	$	0.65	$	(3.93)

Schedule of Outstanding Potentially Dilutive Shares were Excluded From the Calculation of Diluted Net Income (Loss) Per Share of Common Stock

The following outstanding potentially dilutive shares were excluded from the calculation of diluted net income (loss) per share of common stock because their impact would have been antidilutive for the period presented:


	Three Months Ended		Nine Months Ended
(In millions)	September 25, 2026	September 26, 2025	September 25, 2026	September 26, 2025
Employee equity plan	0.0	1.4	0.0	1.2
Employee stock purchase plan	—	0.1	—	0.1
Convertible notes	—	—	—	—
Common shares excluded from calculation of diluted net income (loss) per share	0.0	1.5	0.0	1.3