Ultra Clean Q2 revenue beats expectations, goodwill impairment impacts net income

Ultra Clean Holdings

28/07/2025 21:21

Overview

Ultra Clean Q2 revenue of $518.8 mln beats analyst expectations, per LSEG data

Adjusted EPS for Q2 meets analyst expectations, per LSEG data

Company reports $151.1 mln goodwill impairment, impacting GAAP net income

Outlook

Ultra Clean expects Q3 revenue between $480 mln and $530 mln

Company anticipates GAAP diluted net loss per share of $0.09 to $0.29

Ultra Clean projects non-GAAP diluted net income per share of $0.14 to $0.34

Company expects stable near-term revenue

Result Drivers

GOODWILL IMPAIRMENT - A $151.1 mln noncash charge from goodwill impairments significantly impacted Q2 results

OPERATING EXPENSE REDUCTION - Co is actively reducing operating expenses, expecting benefits later this year

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$518.80 mln
$500.80 mln (4 Analysts)
Q2 Adjusted EPS
Meet
$0.27
$0.27 (4 Analysts)
Q2 Net Income
-$160.50 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the semiconductor equipment & testing peer group is "buy"

Wall Street's median 12-month price target for Ultra Clean Holdings Inc is $31.00, about 22.7% above its July 25 closing price of $23.96

The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release: ID:nPn6dC8c0a

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)