Ultra Clean Q1 revenue $477.7M, GAAP loss $(0.21)/share; non-GAAP EPS $0.27

Ultra Clean Holdings, Inc.

2024-Q1 EPS reported -$0.21 revenue$477,700,000

Revenue $477.7M, above prior quarter $444.8M, driven by High Bandwidth Memory and AI packaging.
GAAP net loss $(9.4)M ($(0.21)/diluted share); non-GAAP net income $12.1M ($0.27/diluted share).
Products revenue $418.5M, Services $59.2M; gross margin improved to 17.3% GAAP (17.9% non-GAAP).
Q2 guidance: revenue $465M–$515M; GAAP diluted EPS $(0.13)–$0.07; non-GAAP EPS $0.16–$0.36.
Management cites AI strength but cautions no broader recovery yet.

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 0.9

Ultra Clean Holdings, Inc. reported the first quarter ended March 29, 2024 results: revenue $477.7 million, net income $(9.4) million, EPS $(0.21) per diluted share.

Period: the first quarter ended March 29, 2024
Revenue: $477.7 million
Net income: $(9.4) million
EPS: $(0.21) per diluted share
Result: reported results

Exact text from the filing

"While not a clear sign of a broader industry recovery right now, we anticipate these areas remaining strong.” First Quarter 2024 GAAP Financial Results Total revenue was $477.7 million. Products contributed $418.5 million and Services added $59.2 million. Total gross margin was 17.3%, operating margin was 3.6%, and net loss was $(9.4) million or $(0.21) per

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Source: SEC EDGAR

accession 0001628280-24-020638

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