Ultra Clean Q2 revenue beats estimates on higher customer demand
UCTT•Outlook
- Ultra Clean expects Q3 revenue between $700 million and $750 million
- Company sees Q3 GAAP diluted EPS between $0.67 and $0.87
- Ultra Clean expects Q3 non-GAAP diluted EPS of $0.83 to $1.03
Drivers of the quarter
- Customer demand - Co said increasing customer demand contributed to Q2 results
- Operational execution - Management cited strong operational execution as a driver of Q2 performance
- Capacity expansion initiatives - Co said it is expanding global manufacturing capacity and enhancing operational capabilities as part of UCT 3.0
Quarterly results beat expectations
- Semiconductor equipment supplier's Q2 revenue beat analyst expectations
- Company sees Q3 revenue between $700 million and $750 million
