Latest news with #Q3
Yahoo
a day ago
- Business
- Yahoo
Ultra Clean Holdings Inc (UCTT) Q2 2025 Earnings Call Highlights: Navigating Market Challenges ...
Total Revenue: $518.8 million, compared to $518.6 million in the prior quarter. Product Revenue: $454.9 million, compared to $457 million last quarter. Services Revenue: $63.9 million, up from $61.6 million in Q1. Total Gross Margin: 16.3%, compared to 16.7% last quarter. Product Cost Margin: 14.4%, compared to 14.9% in Q1. Services Margin: 29.9%, compared to 29.8% last quarter. Operating Expense: $56.1 million, down from $59.4 million in Q1. Operating Margin: 5.5%, compared to 5.2% last quarter. Net Income: $12.1 million, compared to $12.7 million in the prior quarter. Earnings Per Share (EPS): $0.27, compared to $0.28 in the prior quarter. Cash and Cash Equivalents: $327.4 million, compared to $317.6 million at the end of last quarter. Cash Flow from Operations: $29.2 million, compared to $28.2 million last quarter. Share Repurchase: 182,000 shares at a cost of $3.4 million. Projected Q3 Revenue: Between $480 million and $530 million. Projected Q3 EPS: Between $0.14 and $0.34. Warning! GuruFocus has detected 6 Warning Signs with UCTT. Release Date: July 28, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Ultra Clean Holdings Inc (NASDAQ:UCTT) reported a slight increase in Q2 revenue, reaching $518.8 million, slightly above the previous quarter. The company has secured new business in its Czech Republic facility, expected to contribute to revenue growth in Q4. UCTT is focusing on new product introductions and component qualifications, which are anticipated to enhance margins starting in early 2026. The company is implementing cost reduction initiatives, including workforce reductions and organizational restructuring, which are expected to yield significant savings by Q4. UCTT is well-positioned to capitalize on the growing AI investment trend, supported by strong customer partnerships and a vertically integrated solutions portfolio. Negative Points The company is operating at a $2 billion run rate, below the anticipated $4 billion due to current market conditions. Tariff-related costs remain a concern, with customers slow to reimburse UCTT for incurred charges, impacting financials. The semiconductor market's uncertainty and limited visibility are affecting UCTT's revenue projections, with Q3 expected to range between $480 million and $530 million. Gross margins have slightly decreased, influenced by fluctuations in volume, mix, manufacturing region, and tariffs. A goodwill impairment charge was recorded due to a decrease in stock price, reflecting market uncertainty and impacting financial results. Q & A Highlights Q: What contributed to Ultra Clean Holdings' Q2 revenue exceeding the midpoint of guidance? A: Clarence Granger, Chairman and Interim CEO, explained that there was a slight upside from China, an increase in shipments from the Austin site, and a rise in services revenue. Q: Is the expectation for China revenue to improve in the second half of the year still valid? A: Clarence Granger confirmed that China revenue is expected to improve, with Q1 at $21 million and Q2 at $35 million. The company anticipates a consistent run rate of $40 million to $50 million per quarter from Chinese-based customers. Q: How does Ultra Clean Holdings view the potential impact of new AI rules on their China business? A: Cheryl Knepfler, VP of Marketing, stated that while there is always a risk, the company expects to continue selling to China as the areas they serve are broadly supported across the industry. Q: What is the outlook for Ultra Clean Holdings' revenue in Q4 2025? A: Clarence Granger indicated a cautiously optimistic outlook for Q4, with potential upward bias due to cost reductions, new business opportunities, and further integration of fluid solutions. Q: How does Ultra Clean Holdings view the potential for growth in 2026? A: Cheryl Knepfler mentioned that there are opportunities for incremental growth in 2026, with expectations for high single-digit to low double-digit growth, supported by new fabs coming online and share gains. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
Daily Tribune
17-07-2025
- Sport
- Daily Tribune
Headline: Bahrain Stay Perfect With Win Over UAE
TDT | Manama After dropping 106 points on Australia the day before, Bahrain had to find a different gear against UAE, and they did just that. With the game on the line, Bahrain outlasted their Gulf rivals 77–71 to stay unbeaten in the Jones Cup. Now 5–0, the Kingdom sit firmly atop the standings with three more matches remaining. A Fast Start Bahrain sprinted out of the gates with a 24–9 first quarter, locking down UAE's shooters and owning the glass. Jakarr Sampson and Devon Chism controlled the paint early, while Rashed got loose for a pair of threes. But the second half was anything but smooth. UAE clawed their way back behind Omar Alameri's 16 points and a strong third quarter from Demarco Dickerson. The Emiratis won Q3 25–17 and cut Bahrain's lead to just one. For the first time in this tournament, Bahrain looked vulnerable. Cue the late composure. Cometh the Hour, Cometh the Man With the game tight, Mustafa Rashed stepped up in a big way by scoring 31 points on 11-of-20 shooting, including five triples and a perfect 4-for-4 at the line. He bailed Bahrain out of multiple tough possessions and created breathing room with a timely three in the fourth. Jakarr Sampson didn't have the most efficient night (7-22 FG), but his 18 points and 14 rebounds were crucial. Devon Chism nearly posted a triple-double: 8 points, 18 rebounds, 4 assists, and 4 blocks. Bahrain's size wore UAE down over four quarters. They grabbed 24 offensive rebounds and totaled 9 blocks, which is one of their best rim-protecting performances to date. What's Next Bahrain will get a lighter assignment tomorrow against Qatar B, followed by crucial games against Chinese Taipei A and Strong Group Athletics (PHI). With the Kingdom sitting 5–0, the path to a perfect run is real, but there's still business to handle.
Bloomberg
16-07-2025
- Business
- Bloomberg
ASML Orders Beat Expectations Amid AI Investment Boom
00:00 If we look at it, all the bookings number in Q2, it's about €5.5 billion. So it should be the slightly better than expected. So I think that the the market to maybe a bit relieved and to see that number. And in Q1, that number was the €3.9 billion. And we have to look the numbers in detail, but it's all the bookings in Q2 should be pretty similar number to the revenue level. So probably book to race ratio should be around the 1.0. So that's a quite maybe revealing the number. And but if we look at the Q3 revenue number, it's probably the market consensus seems to be maybe aiming at around €8 billion and now a similar is guiding around the in the midpoint to €7.65 billion, so slightly lower than the kind of a consensus level. But still the company could achieve a growth in 2025, saying 25 growth should be possible. So all of our numbers should be fine, I guess. Is there anything you're going to be watching out for? And the coming analysts call some of the key topics perhaps around tariffs or China. What are you watching out for? Yes. And the most important point it should be to maybe, you know, it's a growth outlook in 2026 or 2027. And the companies are now saying that the new the most advanced high end EUV equipment they ship the fast to in Q2. So probably if they can keep the, you know, growth momentum for the high end EUV tools going forward, that should be the maybe we can say that the growth scenario is intact for ASML. And also, as you say, that the estimates revenue in China could be another forecast and they have some restrictions that to export to China. And we have to see the numbers in Q2 for the China revenue. But going forward, whether they see still solid demand from China or not should be very important part.
Engadget
15-07-2025
- Engadget
Sony's 61MP RX1R III fixed-lens compact camera is finally here after a ten-year wait
Sony just surprised the photography world by unveiling the RX1R III, a fixed-lens 35mm full-frame compact camera. Coming nearly ten years after the RX1R II, it has a 61MP Exmor R sensor along with Sony's latest image processing technology that promises low noise and high dynamic range. Apart from all the new tech, the RX1R III is smaller and more streamlined than before and considerably lighter at 17 ounces than its main competition, Leica's Q3 and the Fujifilm GFX100RF. With that, it's designed to be a "carrying around" camera for street photographers, serious amateurs and others. That small size is due in part to the Zeiss Sonnar T 35mm f2 lens that sits partly inside the body. While more compact than before, it has the same optics as the last model and offers high levels of sharpness and color rendering, according to Sony. It comes with a macro ring that enables users to get as close as 20cm to subjects and feature's Sony's new "Step Crop Shooting" function that allows 35mm, 50mm and 70mm focal lengths by cropping into the sensor, just like the GFX100RF can do with a similar button. It has up to 15 stops of dynamic range thanks to the high-res sensor and image processing engine. It also features an anti-reflection coating and no optical low-pass filter to boost image quality, though that can cause some moire and other artifacts. Shooting speeds aren't quick at just 5 fps, though it's obviously not designed to shoot sports. The EVF is middling with 2.36 million dots and 0.7x magnification, though the rear panel offers a decent 2 million dots of resolution. However, unlike the one on the previous model that tilted out and up, it's fixed in order to save weight and size. It also lacks any in-body or optical stabilization, relying solely on electronic stablization. With Sony's latest Bionz XR and AI processors, it promises accurate tracking of "subjects, human bodies, heads and the position of eyes," Sony said, even if their faces aren't visible. It uses 693 phase-detection AF points covering around 78 percent of the image, just like Sony's A7R V. It's not nearly as powerful as the A7R V for video, but can still handle 4K 30 fps video with 10-bit 4:2:2 color sampling, along with 1080p video at up to 120 fps. No log mode is available, but you do get the log-like S-Cinetone that boosts dynamic range a bit. Other features include a single SDXC UHS II slot, a mic input (but not headphone jack), a microHDMI port and a USB-C input. As you might expect, the RX1R II is not cheap. It'll go on pre-order soon for $5,100, with shipping set to start on July 31st. Sony is also offering a handful of accessories (also expensive), including the $300 (!) thumb grip, $250 body case and $200 lens hood (!!). If you buy something through a link in this article, we may earn commission.
Budapest Times
13-07-2025
- Automotive
- Budapest Times
Orbán: Audi is a matter of the heart for us
At the inauguration ceremony, Prime Minister Orbán emphasized that the Audi plant is not simply an economic matter, but a national priority. 'Audi is a matter of the heart for us,' he stated, underlining the brand's three-decade presence in Hungary and its vital role in the country's economic success. Prime Minister Orbán recalled that Audi was the first Western European car manufacturer to invest in Hungary after the fall of communism, making a decisive bet on the country's future. That early investment, he noted, was rooted in trust and a shared vision for success. 'Audi was the first to say: We are coming, we believe in you, we see the future in Hungary, and we will make it happen together,' he said. This, he added, created a unique bond between Hungary and the German automotive giant — one that has since grown into a strategic partnership. The third-generation Q3, now rolling off the line in Győr, combines efficiency, driving dynamics, and comfort. It includes mild hybrid and plug-in hybrid options, the latter offering up to 120 kilometers of electric range. Production fully utilizes the plant's annual capacity of 185,000 units, including both the Q3 and the Cupra Terramar. The Győr facility remains a central supplier of powertrains within Audi and the Volkswagen Group. Audi Hungária's importance to the national economy is significant. In 2024, it generated €8.6 billion in revenue, producing over 179,000 vehicles and 1.58 million powertrains. The company accounts for approximately 7 percent of Hungary's total exports. Addressing the workforce, Prime Minister Orbán stressed that the plant's success relies not only on capital and infrastructure, but on the skills and dedication of Hungarian engineers and workers. 'Hungary is proud of those working in Győr,' he affirmed, reiterating the government's ongoing support for the automotive sector. The prime minister also warned of challenges ahead. With global competition intensifying and the automotive industry undergoing major transformation, he noted that Europe's carmakers are sailing 'through stormy waters.' He cited geopolitical tensions, soaring energy costs, and regulatory pressure from Brussels as serious obstacles, and urged EU leaders to abandon overregulation and return freedom to industry and consumers alike. In conclusion, Prime Minister Orbán framed the new Audi Q3 not only as a technological milestone but also as a symbol of confidence in Hungary's future. 'This new model gives all of us, and certainly Hungary, renewed confidence—and hopefully, a sense of pride,' he said.
