NASDAQ$UCTT

Ultra Clean Holdings Inc. · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

UCT delivered strong second quarter results driven by disciplined execution in a robust demand environment across all of its end markets.

Ultra Clean Holdings reported a strong second quarter with revenue of $515.2 million and net income of $17.1 million, driven by disciplined execution in a robust demand environment across all end markets.

  • Total revenue was $515.2 million.
  • Products contributed $442.5 million and Services added $72.7 million.
  • GAAP net income was $17.1 million or $0.39 per basic and diluted share.
  • Non-GAAP net income was $43.7 million or $0.99 per diluted share.

Headline financials

Total Revenue

$515M

Previous: $345M+49.4%
EPS (adj)

$0.99

Previous: $0.75+32.0%
Capital Expenditures

-$22.7M

Previous: -$17M-33.5%
Free Cash Flow

-$5.6M

Previous: $4.3M-230.2%
Net Income

$17.1M

Previous: $21.3M-19.7%
Operating Income

$31.9M

Previous: $30.8M+3.6%
Gross Profit

$99.9M

Previous: $73.9M+35.2%
Cash & Equivalents

$451M

Previous: $214M+110.5%
Total Assets

$1.85B

Previous: $1.11B+65.7%
Stock-Based Comp

$3.7M

Previous: $3.1M+19.4%

Revenue & EPS history

Ultra Clean · Revenue · Quarterly

$515M

Q2 2021+49.4%vs Q2 2020
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

Ultra Clean · $515M total across 2 segments · Q2 2021

  • Products
    $443M
  • Services
    $72.7M

Forward guidance

The Company expects revenue in the range of $520.0 million to $560.0 million and GAAP diluted net income per share to be between $0.68 and $0.85. The Company expects non-GAAP diluted net income per share to be between $0.94 and $1.10.

Tailwinds

  • Revenue expected between $520.0 million and $560.0 million.
  • GAAP diluted net income per share to be between $0.68 and $0.85.
  • Non-GAAP diluted net income per share to be between $0.94 and $1.10.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2021

Historical avgQ2 2021

+0.8%

Avg return

Earnings day

-0.9%

Avg return

5 days after

+1.4%

Avg return

30 days after

49%

32 / 65 earnings

Positive

+30.0%

Q2 2015

Best reaction

-28.2%

Q4 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-4.6%+6.8%+9.4%
Q4 2025+17.1%-1.2%-3.1%
Q3 2025-4.2%-4.4%-15.0%
Q2 2025-0.6%-9.8%+0.2%
Q1 2025-13.9%-9.6%-9.5%
Q4 2024-28.2%-31.8%-35.7%
Q3 2024-1.3%-3.5%+5.1%
Q2 2024-0.3%-8.5%-16.1%
Q1 2024+4.7%+4.9%+12.5%
Q4 2023+6.3%+7.6%+7.5%
Q3 2023-2.6%-2.3%+8.7%
Q2 2023+0.9%+3.3%-9.4%
Q1 2023-0.4%+0.8%+27.6%
Q4 2022-6.5%-6.5%-7.3%
Q3 2022+8.0%+9.8%+20.0%
Q2 2022-5.2%-4.9%-11.5%
Q1 2022-2.2%-3.8%+3.7%
Q4 2021-1.5%-2.0%-7.8%
Q3 2021+19.7%+25.2%+25.8%
Q2 2021-14.0%-11.9%-16.6%
Q1 2021-4.9%-9.2%+1.6%
Q4 2020-5.7%-5.7%+2.7%
Q3 2020-1.4%-1.7%+38.3%
Q2 2020+28.9%+26.3%+8.3%
Q1 2020+8.8%+1.6%+22.6%
Q4 2019+3.5%-13.4%-50.7%
Q3 2019+18.7%+25.8%+23.5%
Q2 2019-4.9%-10.6%-20.2%
Q1 2019+18.4%+15.7%+4.2%
Q4 2018-10.7%-10.4%-17.4%
Q3 2018-9.7%-16.8%-19.1%
Q2 2018-1.9%-9.1%-4.9%
Q1 2018+16.9%+9.8%+9.4%
Q4 2017-8.3%-3.1%-6.3%
Q3 2017-22.6%-27.2%-25.7%
Q2 2017-1.9%-9.5%-10.1%
Q1 2017+11.8%+16.5%+36.1%
Q4 2016+13.2%+17.7%+26.5%
Q3 2016+0.3%+8.7%+30.7%
Q2 2016+4.2%+1.3%+18.9%
Q1 2016+2.2%
Q4 2015+7.4%
Q3 2015-11.4%
Q2 2015+30.0%
Q1 2015-19.9%
Q4 2014-10.5%
Q3 2014-0.3%
Q2 2014+6.0%
Q1 2014-24.6%
Q4 2013+12.2%
Q3 2013+19.1%
Q2 2013+5.7%
Q1 2013+6.2%
Q4 2012-0.7%
Q3 2012+1.7%
Q2 2012+2.2%
Q1 2011+1.7%
Q1 2012+4.7%
Q1 2010+2.7%
Q4 2011+2.7%
Q3 2010+3.1%
Q3 2011+3.1%
Q4 2010-4.1%
Q2 2011-4.1%
Q2 2010-4.1%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro