Ultra Clean Q2 revenue $421.5M, net loss $9.4M; Q3 guidance weak

Ultra Clean Holdings, Inc.

2023-Q3 EPS reported -$0.29 revenue$854,800,000

Q2 revenue $421.5M (Products $362.5M, Services $59.0M), down from $433.3M prior quarter.
GAAP net loss $9.4M ($0.21 loss per diluted share), widened from prior quarter loss of $3.4M ($0.08).
Non-GAAP net income $7.1M ($0.16 EPS), down from $7.6M ($0.17) prior quarter.
Q3 revenue guidance $405M-$455M; GAAP EPS ($0.19)-$0.04; non-GAAP EPS $0.08-$0.28.
CEO cites semiconductor industry headwinds; cost reduction initiatives in place.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Ultra Clean Holdings, Inc. reported second quarter ended June 30, 2023 results: revenue $421.5 million, net income $(9.4) million, EPS $(0.21) per diluted share. Guidance initiated.

Period: second quarter ended June 30, 2023
Revenue: $421.5 million
Net income: $(9.4) million
EPS: $(0.21) per diluted share
Guidance: initiated
Result: reported results

Exact text from the filing

Total revenue was $421.5 million. Products contributed $362.5 million and Services added $59.0 million. Total gross margin was 16.2%, operating margin was 3.0%, and net loss was $(9.4) million or $(0.21) per diluted share.

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Source: SEC EDGAR

accession 0000950170-23-035144

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