Company Overview - Ultra Clean Holdings, Inc. is a leading developer and supplier of critical subsystems, components, parts, and ultra-high purity cleaning and analytical services primarily for the semiconductor industry [3] - The company offers integrated outsourced solutions for major subassemblies, improved design-to-delivery cycle times, design for manufacturability, prototyping, and high-precision manufacturing under its Products division [3] - UCT's Services Division provides tool chamber parts cleaning and coating, as well as micro-contamination analytical services [3] Leadership Appointment - Chris Cook has been appointed as Chief Business Officer of Ultra Clean Holdings, effective immediately [1] - Previously, Chris served as President of UCT's Products Division, where he successfully grew the product portfolio, expanded vertical content, and enhanced customer relationships [2] - In his new role, Chris will lead UCT's commercial strategy, focusing on strategic partnerships, identifying new market opportunities, and accelerating growth through an optimized portfolio of innovative products and services [2] Chris Cook's Background - Chris Cook has 28 years of leadership and general management experience in semiconductor and electronic systems companies, including Renesas Technologies, Infineon Technologies, Flex, and Cypress Semiconductor [2] - He specializes in driving profitable growth by developing valuable technologies and optimizing global operations [2] - Cook holds a B.S. in Electrical Engineering and Technology from Purdue University and completed the Program for Leadership Development at Harvard Business School [2]

Company Overview - Ultra Clean Holdings, Inc. is a leading developer and supplier of critical subsystems, components, parts, and ultra-high purity cleaning and analytical services primarily for the semiconductor industry [2] - The company offers an integrated outsourced solution for major subassemblies, improved design-to-delivery cycle times, design for manufacturability, prototyping, and high-precision manufacturing under its Products division [2] - Under its Services Division, Ultra Clean provides tool chamber parts cleaning and coating, as well as micro-contamination analytical services [2] - The company is headquartered in Hayward, California [2] Upcoming Events - Ultra Clean Holdings will participate in two upcoming virtual investor conferences: - August 13, 2025: Oppenheimer Annual Virtual 1X1 Technology Conference - August 20, 2025: Needham 6th Annual Virtual Semiconductor & SemiCap 1x1 Conference [1] - The company will host one-on-one meetings only during these conferences [1]

Core Viewpoint - Ultra Clean Holdings, Inc. reported its financial results for Q2 2025, highlighting a stable revenue outlook despite a challenging environment, with ongoing efforts to reduce operating expenses and a focus on outperforming the semiconductor industry growth [2][3]. Financial Performance - Total revenue for Q2 2025 was $518.8 million, with products contributing $454.9 million and services adding $63.9 million. This represents a slight increase from $518.6 million in the previous quarter [3]. - The gross margin was 15.3%, down from 16.2% in the prior quarter, while the operating margin was (27.3)%, compared to 2.5% previously. The net loss was $(162.0) million or $(3.58) per diluted share, a significant decline from a net loss of $(5.0) million or $(0.11) per diluted share in the prior quarter [3]. - On a non-GAAP basis, the gross margin was 16.3%, operating margin was 5.5%, and net income was $12.1 million or $0.27 per diluted share, compared to a gross margin of 16.7%, operating margin of 5.2%, and net income of $12.7 million or $0.28 per diluted share in the previous quarter [4]. Outlook - For Q3 2025, the company expects revenue to be in the range of $480 million to $530 million. The GAAP diluted net loss per share is anticipated to be between $(0.09) and $(0.29), while the non-GAAP diluted net income per share is projected to be between $0.14 and $0.34 [5]. Company Overview - Ultra Clean Holdings, Inc. specializes in developing and supplying critical subsystems, components, and ultra-high purity cleaning and analytical services primarily for the semiconductor industry. The company offers integrated outsourced solutions for major subassemblies and high-precision manufacturing [7].

Company Overview - Ultra Clean Holdings, Inc. is a leading developer and supplier of critical subsystems, components, parts, and ultra-high purity cleaning and analytical services, primarily for the semiconductor industry [3] - The company offers an integrated outsourced solution for major subassemblies, improved design-to-delivery cycle times, design for manufacturability, prototyping, and high-precision manufacturing under its Products division [3] - In its Services Division, Ultra Clean provides tool chamber parts cleaning and coating, as well as micro-contamination analytical services [3] - The company is headquartered in Hayward, California [3] Upcoming Financial Results - Ultra Clean Holdings, Inc. will release its second quarter 2025 financial results on July 28, 2025, after market close [1] - A conference call and webcast will be hosted on the same day at 1:45 p.m. PT [2] - The call can be accessed by dialing 1-800-836-8184 or 1-646-357-8785, with no passcode required [2]

Company Leadership Transition - Bill Bentinck, President of UCT's Service Division, will retire on August 15, 2025, after a 40-year career in the semiconductor industry [1][2] - Clarence Granger, Chairman of the Board, praised Bill's leadership and contributions, highlighting his commitment to operational excellence and mentorship [2] - Sam Johnson will take over as SVP and General Manager of UCT's Service Division, bringing experience in creating value across industrial operating companies [2] Company Overview - Ultra Clean Holdings, Inc. is a leading developer and supplier of critical subsystems, components, parts, and ultra-high purity cleaning and analytical services for the semiconductor industry [3] - The Products division offers integrated outsourced solutions for major subassemblies, improved design-to-delivery cycle times, and high-precision manufacturing [3] - The Services Division provides tool chamber parts cleaning, coating, and micro-contamination analytical services [3]

Core Insights - Ultra Clean Holdings (NASDAQ: UCTT) experienced a sell-off following the release of its Q1 FY2025 report on April 28, which included a downgrade of its FY2025 outlook [1] Company Summary - UCTT is a supplier of critical subsystems and ultra-high purity cleaning services specifically for the semiconductor industry [1]

Company Overview - Ultra Clean Holdings, Inc. (NASDAQ: UCTT) develops and supplies critical subsystems, components, parts, and ultra-high purity cleaning and analytical services primarily for the semiconductor industry [1] Market Performance - UCTT has experienced a significant drop in its stock price, reflecting broader trends in the semiconductor industry [1]

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].