Ultra Clean Holdings (UCTT) Tops Q2 EPS by 28c, Revenues Beat; Offers 3Q EPS/Revenue Guidance Above Consensus

Ultra Clean Holdings (NASDAQ: UCTT) reported Q2 EPS of $0.75, $0.28 better than the analyst estimate of $0.47. Revenue for the quarter came in at $344.8 million versus the consensus estimate of $309.94 million.

"UCT delivered record revenue and profitability in the second quarter on increased demand across all areas of our business," said Jim Scholhamer, CEO. "A recovery in wafer starts drove our Services business upwards, and ongoing momentum in the equipment market led to an increase in our Products business. I want to thank our dedicated employees worldwide for their commitment to quality and solid execution in a challenging environment. UCT's results are a powerful testament to the engagement and loyalty of our customers, demonstrating growth across the board."

GUIDANCE:

Ultra Clean Holdings sees Q3 2020 EPS of $0.56-$0.72, versus the consensus of $0.39. Ultra Clean Holdings sees Q3 2020 revenue of $320-360 million, versus the consensus of $294.91 million.

For earnings history and earnings-related data on Ultra Clean Holdings (UCTT) click here.

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