secwatch.observer — SEC 8-K summary
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Issuer:     Ultra Clean Holdings, Inc. (UCTT)
CIK:        0001275014
Form:       8-K
Filed at:   2023-10-25T23:59:59+00:00
Accession:  0000950170-23-055184
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ultra Clean reports Q3 net loss of $14.5M; revenue $435M misses earnings guidance
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- Q3 revenue $435.0M (Products $380.9M, Services $54.1M); net loss $(14.5)M ($(0.32)/diluted share).
- GAAP gross margin 15.0%, operating margin 1.3%, down from prior quarter's 16.2% and 3.0%.
- Non-GAAP net income $2.0M ($0.04/diluted) vs $7.1M ($0.16/diluted) in Q2 2023.
- Q4 2023 outlook: revenue $420M-$470M; GAAP EPS $(0.30)-$(0.10); non-GAAP EPS $0.02-$0.22.
- CEO cites decline in higher-margin Services and higher tax rate for earnings below guided range.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1275014/000095017023055184/0000950170-23-055184-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1275014/000095017023055184/uctt-20231025.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-055184

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer