NASDAQ$UCTT

Ultra Clean Holdings Inc. · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

Reported third quarter results above expectations due to equipment demand for AI infrastructure and sustained domestic China market spending.

Ultra Clean Holdings reported third quarter results exceeding expectations, driven by strong equipment demand for AI infrastructure build-out and continued spending in the domestic China market. The company's vertical integration and strategic manufacturing network are expected to enable increased market share as demand expands.

  • Third quarter revenue reached $540.4 million.
  • GAAP net loss was $(2.3) million, or $(0.05) per diluted share.
  • Non-GAAP net income was $15.9 million, or $0.35 per diluted share.
  • The company anticipates fourth quarter revenue between $535 million and $585 million.

Headline financials

Total Revenue

$540M

Previous: $435M+24.2%
EPS (adj)

$0.35

Previous: $0.04+775.0%
Capital Expenditures

-$46.2M

Previous: -$59.2M+22.0%
Free Cash Flow

-$48.5M

Previous: -$73.7M+34.2%
Net Income

-$2.3M

Previous: -$14.5M+84.1%
Operating Income

$25.2M

Previous: $5.7M+342.1%
Gross Profit

$93.4M

Previous: $65.2M+43.3%
Cash & Equivalents

$318M

Previous: $342M-7.0%
Total Assets

$1.95B

Previous: $1.85B+5.5%
R&D Expense

$7.1M

No prior period
Stock-Based Comp

$4.7M

Previous: $4M+17.5%

Revenue & EPS history

Ultra Clean · Revenue · Quarterly

$540M

Q3 2024+24.2%vs Q3 2023
Beat estimate in 10 of 14 quarters(71%)
ActualEstimate

Revenue by segment

Ultra Clean · $507M total across 2 segments · Q4 2025

  • Products
    $442M
  • Services
    $64.2M

Forward guidance

The Company expects revenue in the range of $535 million to $585 million. The Company expects GAAP diluted net income per share to be between $0.06 and $0.26 and non-GAAP diluted net income per share to be between $0.34 and $0.54.

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 Q3 2024

Historical avgQ3 2024

+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%

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