Ultra Clean Holdings: A Downgraded Outlook Further Clouds The Road Ahead

  • The latest report from UCTT was a letdown in a number of ways, which included a major change in the outlook for FY2025. It is tempting to think the stock is headed much lower with so much going against UCTT, but this may not necessarily happen for several reasons. The outlook is fraught with uncertainty, which makes it difficult to estimate earnings and by extension whether UCTT is worth buying at current levels.