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Sep 27, 2024
Ultra Clean Q3 2024 Earnings Report
Reported third quarter results above expectations due to equipment demand for AI infrastructure and sustained domestic China market spending.
Key Takeaways
Ultra Clean Holdings reported third quarter results exceeding expectations, driven by strong equipment demand for AI infrastructure build-out and continued spending in the domestic China market. The company's vertical integration and strategic manufacturing network are expected to enable increased market share as demand expands.
Third quarter revenue reached $540.4 million.
GAAP net loss was $(2.3) million, or $(0.05) per diluted share.
Non-GAAP net income was $15.9 million, or $0.35 per diluted share.
The company anticipates fourth quarter revenue between $535 million and $585 million.
Revenue by Segment
Forward Guidance
The Company expects revenue in the range of $535 million to $585 million. The Company expects GAAP diluted net income per share to be between $0.06 and $0.26 and non-GAAP diluted net income per share to be between $0.34 and $0.54.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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