Filing Flows › Ultra Clean Holdings (UCTT) › Q1 2025
Ultra Clean Holdings (UCTT) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 29, 2025
Ultra Clean Holdings (UCTT) reported revenue of $519M for the first quarter 2025 (Q1 2025), +9% from a year earlier and -8% from the quarter before. Operating margin was 2.5%, net loss $2.5M (0.5% of revenue).
Ultra Clean Holdings, Q1 2025: revenue $519M (+9% year over year), operating margin 2.5%, net loss $2.5M, operating cash flow $28.2M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $519M | -8% | +9% |
| Operating profit | $12.9M | — | — |
| Net earnings | −$2.5M | — | — |
| Operating cash flow | $28.2M | +65% | +188% |
| Free cash flow | $15.8M | — | — |
What changed
Revenue was $518.6M in Q1 2025, up 9% year over year and down 8% from the previous quarter. Products was the largest line at 88% of revenue. Products added $38.5M year over year (up 9%), 94% of the total change.
Gross margin was 16.2%, down 1.1 points from a year earlier. Operating profit was $12.9M, a 2.5% margin (down 1.1 points year over year). Operating profit fell $4.4M even though revenue rose $40.9M versus a year earlier, so costs grew faster than sales. Operating expenses grew 9% against revenue growth of 9%. The quarter ended with a net loss of $2.5M, after a profit of $20.0M the previous quarter. Net interest and other expense of $8.0M was the main reason.
Operating cash flow was $28.2M (up 188% year over year). Non-cash charges added back $11.7M of depreciation and amortization and $2.9M of share-based compensation. Working capital and other items added $16.1M. Capital expenditures of $12.4M left free cash flow of $15.8M.
Questions
What was Ultra Clean Holdings' revenue in the first quarter 2025?
Ultra Clean Holdings (UCTT) reported revenue of $519M for the first quarter 2025 (Q1 2025), +9% from a year earlier and -8% from the quarter before.
Was Ultra Clean Holdings profitable in the first quarter 2025?
Operating profit was $12.9M (2.5% of revenue) and net loss $2.5M.