secwatch.observer — SEC 8-K summary
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Issuer:     Ultra Clean Holdings, Inc. (UCTT)
CIK:        0001275014
Form:       8-K
Filed at:   2022-04-27T23:59:59+00:00
Accession:  0000950103-22-007126
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1275014/000095010322007126/0000950103-22-007126-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1275014/000095010322007126/dp171761_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950103-22-007126

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