Filing Flows › Ultra Clean Holdings (UCTT) › Q2 2025
Ultra Clean Holdings (UCTT) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 29, 2025
Ultra Clean Holdings (UCTT) reported revenue of $519M for the second quarter 2025 (Q2 2025), +0.5% from a year earlier and 0% from the quarter before. Operating margin was -27.3%, net loss $160M (30.9% of revenue).
Ultra Clean Holdings, Q2 2025: revenue $519M (+0.5% year over year), operating margin -27.3%, net loss $160M, operating cash flow $29.2M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $519M | 0% | +0.5% |
| Operating profit | −$142M | -1199% | — |
| Net earnings | −$160M | — | — |
| Operating cash flow | $29.2M | +4% | +26% |
| Free cash flow | $12.4M | -22% | +22% |
What changed
Revenue was $518.8M in Q2 2025, up 1% year over year and roughly flat from the previous quarter. Products was the largest line at 88% of revenue. Products added $2.2M year over year (roughly flat), 81% of the total change.
Gross margin was 15.3%, down 1.8 points from a year earlier. Operating costs exceeded revenue by $141.8M, an operating margin of -27.3%. Operating expenses grew 237% against revenue growth of 1%. The quarter ended with a net loss of $160.5M, wider than the previous quarter's $2.5M loss.
Operating cash flow was $29.2M (up 26% year over year). Non-cash charges added back $11.7M of depreciation and amortization and $7.1M of share-based compensation. Working capital and other items added $170.9M. Capital expenditures of $16.8M left free cash flow of $12.4M.
Questions
What was Ultra Clean Holdings' revenue in the second quarter 2025?
Ultra Clean Holdings (UCTT) reported revenue of $519M for the second quarter 2025 (Q2 2025), +0.5% from a year earlier and 0% from the quarter before.
Was Ultra Clean Holdings profitable in the second quarter 2025?
Operating loss was $142M (-27.3% of revenue) and net loss $160M.