Ultra Clean Q1 revenue $564M, down 8% QoQ; GAAP EPS $0.61, non-GAAP $0.95; guides Q2 $0.84-$1.20

Ultra Clean Holdings, Inc.

2022-Q1 EPS reported $0.61 revenue$564,100,000

Total revenue $564.1M (Products $486.8M, Services $77.3M), down from $615.1M in Q4 2021.
GAAP net income $27.9M ($0.61 diluted EPS) vs $45.5M ($1.00) prior quarter; non-GAAP net income $43.3M ($0.95 diluted).
GAAP gross margin 20.2%, operating margin 8.1%; non-GAAP gross margin 20.5%, operating margin 10.9%.
Q2 2022 outlook: revenue $550M-$630M, GAAP diluted EPS $0.60-$0.92, non-GAAP diluted EPS $0.84-$1.20.
CEO cites robust secular demand but challenges impacted Q1 results; company focused on quality commitment.

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