Ultra Clean Q3 revenue beats expectations
UCTT•Ultra Clean’s Q3 revenue rose 49% year over year to $759 million, beating the $728.07 million estimate. Non-GAAP EPS was $1.15, and the company forecast Q4 revenue of $800 million to $860 million.
1. Quarterly results
Ultra Clean reported Q3 revenue of $759 million, up 49% year over year and above the $728.07 million consensus estimate. Net income was $40.80 million, and non-GAAP EPS was $1.15.
2. Demand and outlook
The company said scaling production to meet accelerating customer demand drove results. Its Products division contributed $681.9 million in Q3 revenue, and it cited AI-driven semiconductor industry expansion as a source of growth opportunities. Ultra Clean expects Q4 revenue of $800 million to $860 million, GAAP EPS of $1.02 to $1.26, and non-GAAP EPS of $1.11 to $1.35.
