secwatch.observer — SEC 8-K summary
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Issuer:     Ultra Clean Holdings, Inc. (UCTT)
CIK:        0001275014
Form:       8-K
Filed at:   2023-04-26T23:59:59+00:00
Accession:  0000950170-23-014811
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ultra Clean Q1 revenue $433.3M, net loss $3.4M; Q2 guidance $410-460M
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- Q1 revenue of $433.3M, down 23.5% from $566.4M prior quarter; net loss $(3.4)M vs prior net income $27.8M.
- GAAP diluted EPS of $(0.08) vs $0.61 in prior quarter; non-GAAP diluted EPS $0.17 vs $0.93.
- Products revenue $368.6M, Services $64.7M; gross margin 16.8% GAAP (17.3% non-GAAP) vs 19.2% prior.
- Q2 2023 revenue guidance $410-460M; GAAP EPS range $(0.08)-$0.10; non-GAAP EPS $0.15-$0.35.
- CEO cites market uncertainty, limited visibility; cost initiatives taking time to improve bottom line.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1275014/000095017023014811/0000950170-23-014811-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1275014/000095017023014811/uctt-20230426.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-014811

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