Ultra Clean Holdings (NASDAQ: UCTT) reported Q2 EPS of $0.55, $0.02 worse than the analyst estimate of $0.57. Revenue for the quarter came in at $290.21 million versus the consensus estimate of $294.96 million.

"The second quarter came in largely as expected, with a moderate sequential decline in our semiconductor capital equipment business off of an excellent first quarter," said Jim Scholhamer, CEO. "Based on recent announcements of spending push-outs from large semiconductor manufacturers, we expect some lower near-term capital equipment forecasts. On Tuesday, we announced that we had entered into an agreement for the acquisition of Quantum Global Technologies ("Quantum"). Upon completion of the acquisition, Quantum will diversify our revenue streams as Fab services grow with the installed base and are less reliant on capital investment timing. Looking ahead, we see a wide range of opportunities to solve our customers' complex challenges across much larger, more diversified and growing end markets."

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