Ultra Clean Holdings, Inc. (UCTT) develops and supplies critical subsystems, components, parts, and ultra-high purity cleaning and analytical services primarily for the semiconductor industry. Its Products division provides outsourced major subassemblies, design-for-manufacturability support, prototyping, and high-precision manufacturing, while its Services division provides tool chamber parts cleaning, coating, and micro-contamination analytical services.
Company news commonly covers quarterly results and outlook, Products and Services revenue trends, customer demand tied to semiconductor equipment roadmaps, manufacturing ramp readiness, investor conference participation, governance changes, and capital-structure actions such as convertible notes and credit-facility amendments.
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Ultra Clean Holdings, Inc. (Nasdaq: UCTT) reported its Q1 2023 financial results, revealing total revenue of $433.3 million, down from $566.4 million in the previous quarter. The company's gross margin decreased to 16.8% from 19.2%, and it posted a net loss of $(3.4) million or $(0.08) per diluted share. In contrast, last quarter showed a net income of $27.8 million or $0.61 per diluted share. On a non-GAAP basis, Q1 gross margin was 17.3% with a net income of $7.6 million or $0.17 per diluted share, down from last quarter's $42.6 million or $0.93. Looking ahead, UCTT expects Q2 revenue between $410 million and $460 million.