Ultra Clean reports Q3 adjusted EPS 28c, consensus 22c

Reports Q3 revenue $510M, consensus $505.23M. On a non-GAAP basis, gross margin was 17.0%, operating margin was 5.7%. “We are very pleased with our third quarter results having achieved our highest gross margins for the year and exceeding the mid-point of our guidance on the top and bottom line,” said James Xiao, CEO. “Despite near-term volatility and reduced visibility, AI-enabled high-performance computing remains the central force behind semiconductor innovation.”