Ultra Clean reports Q2 GAAP net loss of $25.1M; revenue up 8% YoY

Ultra Clean Holdings, Inc.

2022-Q2 EPS reported $0.06 revenue$1,172,900,000

Q2 total revenue $608.7M ($532M products, $76.7M services) vs $564.1M prior quarter.
GAAP net loss of $25.1M ($0.56 per share) vs net income of $27.9M ($0.62) in Q1.
Non-GAAP net income $47.4M ($1.04 diluted) vs $43.3M ($0.95) prior quarter.
Q3 outlook: revenue $585M-$645M, GAAP EPS $0.32-$0.55, non-GAAP EPS $0.94-$1.18.
Gross margin contracted to 19.4% GAAP (20.3% non-GAAP) from 20.2% GAAP in Q1.

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