Ultra Clean Reports First Quarter 2025 Financial Results

Core Viewpoint - Ultra Clean Holdings, Inc. reported a decline in financial performance for the first quarter of 2025, attributing this to softening demand and an uncertain business environment [2][3]. Financial Results - Total revenue for Q1 2025 was $518.6 million, down from $563.3 million in the previous quarter, with product revenue at $457.0 million and service revenue at $61.6 million [2]. - The gross margin was 16.2%, operating margin was 2.5%, and the company reported a net loss of $0.5 million or $0.11 per diluted share, compared to a net income of $16.3 million or $0.36 per diluted share in the prior quarter [2]. - On a non-GAAP basis, gross margin was 16.7%, operating margin was 5.2%, and net income was $12.7 million or $0.28 per diluted share, down from $22.9 million or $0.51 per diluted share in the previous quarter [3]. Outlook - For Q2 2025, the company expects revenue to be in the range of $475 million to $525 million, with GAAP diluted net loss per share projected between $(0.06) and $(0.26) and non-GAAP diluted net income per share expected to be between $0.17 and $0.37 [4]. Company Overview - Ultra Clean Holdings, Inc. specializes in developing and supplying critical subsystems and components primarily for the semiconductor industry, offering integrated outsourced solutions and ultra-high purity cleaning services [6].