UCTT Earnings Prediction
The chart below shows how UCTT performed 10 days before and after its earnings report, based on data from the past quarters. Typically, UCTT sees a -0.19% change in stock price 10 days leading up to the earnings, and a -2.68% change 10 days following the report. On the earnings day itself, the stock moves by -0.28%. This data can give you a slight idea of what to expect for the next quarter's release.
UCTT Key Earning Data
2024/Q4
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UCTT Earnings Analysis
Ultra Clean Holdings, Inc. Corporation (UCTT.O) Earnings Conference Call
Positive
Quarterly Revenue Comparison: Total revenue for the third quarter came in at $540.4 million compared to $516.1 million in the prior quarter.
Product Revenue Increase: Revenue from products increased to $479 million from $452.7 million last quarter.
Gross Margin Improvement: Total gross margin for the third quarter was 17.8% compared to 17.7% last quarter.
Operating Expense Analysis: Operating expense for the quarter was $56.5 million compared with $55.8 million in Q2, with operating expense as a percentage of revenue decreasing to 10.5% from 10.8% in Q2.
Quarterly Earnings Comparison: Earnings per share for the quarter were $0.35, compared to $0.32 on net income of $15.9 million compared to $14.4 million in the prior quarter.
Negative
Revenue Decline in Q3: Total revenue for the third quarter came in at $540.4 million compared to $516.1 million in the prior quarter, indicating a decline in growth momentum.
Services Revenue Decline: Services revenue was $61.4 million compared to $63.4 million in Q2, showing a decrease in service performance.
Operating Expense Increase: Operating expense for the quarter was $56.5 million compared with $55.8 million in Q2, reflecting rising operational costs.
Increased Tax Burden: Our tax rate increased from 24.7% last quarter to 27.1% this quarter, indicating a higher tax burden on earnings.
Foreign Exchange Impact on EPS: We experienced some foreign exchange headwinds, primarily related to the Malaysian ringgit that negatively impacted EPS by $0.06 per share.
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UCTT Earning Call Sentiment
Ultra Clean Holdings, Inc. (UCTT) Q3 2024 Earnings Call Transcript
1.0x
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00:00
UCTT.O
1.96%Positive
The earnings call reveals positive financial performance with increased revenue and EPS, driven by strong AI demand and a robust domestic China market. Despite slight supply chain challenges and regulatory risks, the company maintains a positive long-term industry outlook and improved margins. The Q&A section shows analysts' interest in growth from China and AI infrastructure, with management providing generally positive responses. The lack of a share repurchase program is a minor negative, but overall, the strong revenue growth and optimistic guidance suggest a positive stock price movement.