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Ultra Clean Holdings, Inc.

For the period ended Sep 26, 2025. Filed Oct 29, 2025.

View on SEC.gov

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 26, 2025 · Filed Oct 29, 2025

UCTT$41.13+10.6%Stored close · as of Nov 6, 2026
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Reportable Segments

  1. REPORTABLE SEGMENTS

The Company’s Chief Executive Officer is the Company’s chief operating decision maker (CODM). The CODM primarily uses income from operations to evaluate each segment’s performance and allocate resources, primarily through periodic budgeting and segment performance reviews. Significant expenses within segment operating profit include cost of revenue,

  • 21 - research and development, and selling, general and administrative expenses, which are each separately presented on the Company’s Condensed Consolidated Statements of Operations.

The Company’s reportable segments are determined based on the nature of their revenue streams and the Company’s internal organization structure.

The Company prepared financial results based ontwo operating segments (Products and Services) andtwo reportable segments (Products and Services).

The following table describes each segment:

SegmentProduct or ServicesPrimary Markets ServedGeographic Areas
ProductsAssemblyWeldmentsMachiningFabricationSemiconductorAmericasAsia PacificEMEA
ServicesCleaningAnalyticsCoatingSemiconductorAmericasAsia PacificEMEA

The CODM uses segment operating profit or loss to evaluate performance and to allocate capital resources. Segment operating profit or loss is defined as a segment’s income or loss from continuing operations before interest and other income (expense), net and provision for income taxes. Any intercompany sales and associated profit (and any other intercompany items) are eliminated from segment results.

  • 22 -

Segment Data

Three Months EndedNine Months Ended
(In millions)September 26,2025September 27,2024September 26,2025September 27,2024
Revenues:
Products$445.0$479.0$1,356.9$1,350.2
Services65.061.4190.4184.1
Total segment revenues$510.0$540.4$1,547.3$1,534.3
Cost of revenues:
Products$380.4$403.3$1,163.9$1,141.2
Services47.443.7137.8128.6
Total segment cost of revenues$427.8$447.0$1,301.7$1,269.8
Gross profit:
Products$64.6$75.7$193.0$209.0
Services17.617.752.655.5
Total segment gross profit$82.2$93.4$245.6$264.5
Operating expenses:
Products
Research and development$5.5$4.8$16.0$13.9
Sales and marketing12.311.837.035.0
General and administrative38.936.7115.2104.2
Impairment of goodwill——77.6—
Total Products operating expenses56.753.3245.8153.1
Services
Research and development2.42.37.27.2
Sales and marketing2.72.68.58.0
General and administrative9.810.028.930.9
Impairment of goodwill——73.5—
Total Services operating expenses14.914.9118.146.1
Total segment operating expenses$71.6$68.2$363.9$199.2
Segment operating profit (loss):
Products$7.9$22.4$(52.8)$55.9
Services2.72.8(65.5)9.4
Total segment operating profit (loss)$10.6$25.2$(118.3)$65.3
Reconciliation of segment operating profit (loss):
Total segment operating profit$10.6$25.2$(118.3)$65.3
Interest income1.11.13.03.9
Interest expense(9.9)(12.0)(29.9)(35.8)
Other income (expense), net(1.2)(4.1)(2.5)9.3
Income (loss) before provision for income taxes$0.6$10.2$(147.7)$42.7
  • 23 -
Expenditures for segment property, plant and equipment
Products$7.5$11.9$26.4$31.9
Services3.53.313.814.3
Total expenditures for segment assets$11.0$15.2$40.2$46.2
Depreciation and amortization
Products$12.7$12.8$37.8$38.5
Services6.36.218.918.5
Total depreciation and amortization$19.0$19.0$56.7$57.0
(In millions)September 26,2025December 27,2024
Assets
Products$1,439.3$1,657.0
Services281.2262.9
Total segment assets$1,720.5$1,919.9

Long-lived assets comprised of operating lease right-of-use assets and property, plant and equipment, net, are reported based on the location of the asset. The carrying amount of long-lived assets in United States, Malaysia, Israel, South Korea and other foreign countries were $174.3 million, $81.8 million, $71.5 million, $51.9 million and $106.5 million, respectively as of September 26, 2025, and $176.9 million, $83.2 million, $75.2 million, $49.8 million and $101.8 million, respectively as of December 27, 2024.

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.