Ultra Clean reports Q2 non-GAAP EPS 27c, consensus 27c

Reports Q2 revenue $518.8M, consensus $500.83M. “UCT’s Q2 results reflect the impact of a highly dynamic environment across a diverse customer base and product portfolio,” said CEO Clarence Granger. “Although we expect near-term revenue to remain relatively stable, our actions to reduce operating expenses are well underway, and we anticipate realizing the benefits of these actions later this year. We are confident in our ability to outperform broader semiconductor industry growth, supported by our ability to navigate evolving conditions, expand our addressable market, gain share, and deliver innovative products and services that advance our multi-year growth strategy.”