(Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended July 1, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 000-50646 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q Ultra Clean Holdings, Inc. (Exact name of registrant as specified in its charter) Delaware 61-1430858 (State or other jurisd ...

Financial Data and Key Metrics Changes - Total revenue for Q2 2022 was $608.7 million, up from $564.1 million in the prior quarter [16] - Products division revenue increased to $532 million from $486.8 million, while Services division revenue slightly decreased to $76.7 million from $77.3 million [16] - Gross margin for the quarter was 20.3%, a slight decrease from 20.5% in the previous quarter [17] - Operating expenses rose to $55.9 million from $54.3 million, but as a percentage of revenue, it improved to 9.2% from 9.6% [18] - Earnings per share increased to $1.04 from $0.95, with net income rising to $47.4 million from $43.3 million [19] - Cash and cash equivalents at the end of Q2 were $421.4 million, up from $367 million in the prior quarter [20] Business Line Data and Key Metrics Changes - Products gross margin was 17.8%, down from 18.2% in the prior quarter, while Services gross margin improved to 37.2% from 35.5% [17] - Operating margin for Products remained flat at 10.2%, while Services margin increased to 16.9% from 15.7% due to higher operating efficiency [18] Market Data and Key Metrics Changes - The company noted strong demand in high-performance computing, IoT, robotics, and automotive sectors, which offset potential weaknesses in PC and low-end smartphone markets [12] - The semiconductor industry is less vulnerable to a single retail end market, contributing to the company's resilience [12] Company Strategy and Development Direction - The company is focused on optimizing its supply chain and adding capacity to meet both near- and long-term demand [8] - A strategic review led to the divestiture of non-semi businesses, allowing the company to concentrate on its core semiconductor operations [6] - The diversification strategy beyond gas panels has positioned the company to be more resilient to sector-specific weaknesses [13] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism for continued growth in the WFE market and the company's performance in 2022 [7] - The company anticipates incremental improvements in gross margin as supply chain constraints ease [17] - Guidance for Q3 2022 revenue is projected between $585 million and $645 million, with EPS expected in the range of $0.94 to $1.18 [22] Other Important Information - The company divested two non-core subsidiaries during the quarter, with a third sale pending [21] - Cash from operations was $85.9 million, a significant improvement from negative $67.4 million in the prior quarter [20] Q&A Session Summary Question: Clarification on customer order movements - Management confirmed that movements in customer orders are primarily due to supply chain issues rather than changes in demand [25][26] Question: Impact of diversification on Services business - Management indicated that diversification is helping to stabilize the Services business despite market volatility [27][28] Question: Current lead times for major customers - Lead times for major modules are typically three to four months, while weldments and heaters range from one to two months [32] Question: Customer discussions on next-generation technology - Management confirmed engagement with one customer regarding the 3-nanometer node, with ongoing discussions about next-gen tools [33] Question: Market share gains - Management reported gaining market share through outsourcing and new product wins, particularly in Malaysia [35][36]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended April 1, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 000-50646 Ultra Clean Holdings, Inc. (Exact name of registrant as specified in its charter) | | Trading | | | --- | --- | --- | | Tit ...

| --- | --- | --- | --- | |-------|-------|-------|----------| | | | | | | | | | Investor | Safe Harbor 2 This presentation may contain forward-looking statements and management may make additional forward-looking statements in response to your questions. These statements are made under the ''safe harbor'' provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forwardlooking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "pl ...

Ultra Clean Holdings Inc (NASDAQ:UCTT) Q1 2022 Earnings Conference Call April 27, 2022 4:45 PM ET Company Participants Rhonda Bennetto - SVP of IR Jim Scholhamer - Chief Executive Officer Sheri Savage - Chief Financial Officer Conference Call Participants Quinn Bolton - Needham & Co Patrick Ho - Stifel Christian Schwab - Craig-Hallum Capital Group Hans Chung - D.A. Davidson Rhonda Bennetto Good afternoon, everyone, and thank you for joining us. With me today are Jim Scholhamer, Chief Executive Officer; and ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 000-50646 Ultra Clean Holdings, Inc. (Exact name of Registrant as specified in its charter) Delaware 61-1430858 (State or other jurisdict ...

Ultra Clean Holdings, Inc. (NASDAQ:UCTT) Q4 2021 Earnings Conference Call February 23, 2022 4:45 PM ET CompanyParticipants Rhonda Bennetto - Vice President Investor Relations Jim Scholhamer - Chief Executive Officer Sheri Savage - Chief Financial Officer Conference Call Participants Quinn Bolton - Needham & Company Tom Diffely - D.A. Davidson Patrick Ho - Stifel Robert Mertens - Craig-Hallum Capital Group Disclaimer*: This transcript is designed to be used alongside the freely available audio recording on t ...

| --- | --- | --- | |-------|-------|----------| | | | | | | | Investor | Safe Harbor 2 This presentation may contain forward-looking statements and management may make additional forward-looking statements in response to your questions. These statements are made under the ''safe harbor'' provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forwardlooking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," ...

| --- | --- | |-------|----------| | | | | | Investor | Safe Harbor 2 This presentation may contain forward-looking statements and management may make additional forward-looking statements in response to your questions. These statements are made under the ''safe harbor'' provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forwardlooking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and si ...

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