everyone. on and quarter for industry our and of Then Thank for Rhonda, questions. a start financial the detailed commentary joining second dynamics we'll I'll Sheri turning you, call good open review. some call us current with up provide you over today. Thank to the for recap a before long-term performance and afternoon,
China the and tools quarter, During remained other and areas delivery semiconductor challenged taking remained second strong. industry were servers edge, bright segments, certain of Trailing in the spots. while ordering
that industry export inflation and to likely for geopolitical and instability, recession, consumer across of and PC remained our macroeconomic chain, of included on spending all more weak. fears and foundry/logic including However, a Headwinds end quarters. which rely markets influence supply memory advanced rates, levels elevated the controls, inventory few are interest
Products performed but adjustments with factors that dynamic this reduced on some as results. overriding expected lower or no some affected UCT's the and in quarter mix Product at push-outs cancellations. orders were sites utilization our notable to business second legacy environment revenue
second non-semi first as schedules in ongoing supply our space, and weakness. revenue, display, parts Products to medical. adjusted And the particularly volatility some saw some unexpected Service of non-semi businesses business in market to semi-like small technology quarter where the customers a our we from with business lastly, quarter, end our percentage the realign in Although total process industrial declined their
As results. preparing time in and we down, cash are initiatives decreased for this OpEx to ramp financial resulting to reduction and appreciated. for while our profitability but to much are be the in adapt introduced flow. take year have the Inventory materialize in site trended begun scale, optimization anticipated, cost current efficiencies to so fully Footprint track on demand larger healthy earlier
the to with trim capacity and road strategic continue fourth throughout reduce with align are maps. extremely customers' being our quarters and investments inventory third expenses when long-term and We our and will making to prudent
is aggressive want UCT the excellence. Receiving best. Intel's that highlight EPIC UCT but world-class qualify goals. and this a our to making award expectations was best honor, performance widely an their was for to of that quarter Intel meet thank recognizes commitment improvement, A for this standard worth considered the Distinguished which team exemplify of not continuous awarded true partners suppliers Award, Award, must Supplier noting exceed Intel's To only I
the over bottom the and to is WFE expect to our of aligned for the turning and sentiment industry few before revenue Sheri, around next call and quarters. summary, that are bounce In customers our at levels these the trough with we profitability
remains XXXX Our intact. view for our ramp in
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