Investor Presentation December 2024 Forward-Looking Statements; Non-GAAP Financial Measures This presentation contains forward-looking statements within the meaning of the U.S. Securities Exchange Act of 1934 and the Securities Act of 1933. The forward-looking statements include statements concerning, among other things, our future business model and strategies, our financial model and structure, market and market share growth, industry trends, customer demand and growth opportunities. In some instances, yo ...

Fit-for-purpose Facility Will Provide Significant Operational Flexibility as the Company Continues to Execute on its Long-Term Growth StrategyLIVERMORE, Calif., June 02, 2025 (GLOBE NEWSWIRE) -- FormFactor, Inc. (NASDAQ: FORM), a leading provider of test and measurement technologies for the semiconductor industry, today announced that it has purchased a manufacturing site in Farmers Branch, Texas. The site, which comprises four structures and includes 50,000 square feet of clean room space, was purchased fo ...

A month has gone by since the last earnings report for FormFactor (FORM) . Shares have added about 7.5% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is FormFactor due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts.How Have Estimates Been Moving Since Then?It turns out ...

Company Receives Five-Star Ratings in 2025 Global Semiconductor Industry Customer Satisfaction SurveyLIVERMORE, Calif., May 27, 2025 (GLOBE NEWSWIRE) -- FormFactor, Inc. (NASDAQ: FORM), a leading semiconductor test and measurement supplier, has been named the #1 global supplier in both the Test Subsystems and Focused Chip Making Equipment categories in TechInsights’ 2025 global semiconductor industry customer satisfaction survey. The company earned five-star ratings in multiple categories, including: Global ...

Core Viewpoint - FormFactor reported strong first-quarter 2025 results, with non-GAAP earnings surpassing estimates and a positive outlook for the second quarter, despite some revenue declines in specific segments [1][2][9]. Financial Performance - Non-GAAP earnings for Q1 2025 were 23 cents per share, exceeding the Zacks Consensus Estimate by 21.05% and increasing 27.8% year over year [1]. - Revenues reached $171.4 million, beating the Zacks Consensus Estimate by 0.79% and showing a year-over-year increase of 1.6%, although there was a sequential decline of 9.6% [1][2]. Segment Revenue Details - Probe card revenues were $136.6 million, down 0.1% year over year, primarily due to lower DRAM and Flash revenues [2]. - Foundry and Logic revenues accounted for 49.8% of total revenues at $85.3 million, down 1.7% year over year [3]. - DRAM revenues increased by 6.5% year over year to $48.9 million, while Flash revenues fell 40% to $2.4 million [3]. - Systems revenues rose 8.7% year over year to $34.8 million [3]. Geographic Revenue Performance - Revenues from Malaysia, Taiwan, Japan, and Singapore increased significantly, with growth rates of 36.8%, 51.8%, 21.2%, and 29.2% year over year, respectively [4]. - Conversely, revenues from the United States, South Korea, China, Europe, and the rest of the world saw declines of 12%, 14.8%, 12.8%, 11.4%, and 25.9% year over year, respectively [4]. Operating Results - The gross margin improved by 50 basis points year over year to 39.2% [5]. - Non-GAAP operating expenses decreased by 4% year over year to $50.2 million, with operating expenses as a percentage of revenues down 170 basis points to 29.3% [5]. - The non-GAAP operating margin increased by 220 basis points year over year to 9.9% [5]. Balance Sheet & Cash Flow - As of March 29, 2025, cash and cash equivalents, along with marketable securities, totaled $299.0 million, down from $360 million as of December 28, 2024 [6]. - Cash generated from operating activities was $23.5 million, a decrease from $35.9 million in the previous quarter [6]. - Free cash flow for the first quarter was $6.3 million, down from $28.8 million in the prior quarter, attributed to reduced operating cash flows and increased capital expenditure [7]. Future Outlook - FormFactor anticipates second-quarter 2025 revenues of $190 million (plus-or-minus $5 million), which is a 6.10% decline from the year-ago quarter [10]. - The company expects a non-GAAP gross margin of 40% (plus-or-minus 1.5%) and earnings of 30 cents per share (plus-or-minus 4 cents), indicating a 22.86% decline from the year-ago quarter [11]. - The company remains optimistic about long-term growth, driven by trends in advanced packaging, high-bandwidth memory, and co-packaged optics [9].

FormFactor (FORM) came out with quarterly earnings of $0.23 per share, beating the Zacks Consensus Estimate of $0.19 per share. This compares to earnings of $0.18 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 21.05%. A quarter ago, it was expected that this integrated circuits diagnostic company would post earnings of $0.29 per share when it actually produced earnings of $0.27, delivering a surprise of -6.90%.Over the last f ...

FormFactor (FORM) Q1 2025 Earnings Call April 30, 2025 04:25 PM ET Company Participants Stan Finkelstein - VP of Investor RelationsMike Slessor - President and Chief Executive OfficerShai Shahar - Chief Financial OfficerCraig Ellis - Director of ResearchTom Diffely - Director Of Institutional ResearchDavid Duley - Managing PrincipalBrian Chin - Director Conference Call Participants Charles Shi - Managing Director - Senior AnalystNone - AnalystChristian Schwab - Senior Research AnalystDavid Silver - Managing ...

Investor Presentation April 2025 Forward-Looking Statements; Non-GAAP Financial Measures This presentation contains forward-looking statements within the meaning of the U.S. Securities Exchange Act of 1934 and the Securities Act of 1933. The forward-looking statements include statements concerning, among other things, our future business model and strategies, our financial model and structure, market and market share growth, industry trends, customer demand and growth opportunities. In some instances, you c ...

FormFactor (FORM) Q1 2025 Earnings Call April 30, 2025 04:25 PM ET Speaker0 and welcome everyone to FormFactor's First Quarter twenty twenty five Earnings Conference Call. On today's call are Chief Executive Officer, Mike Slescher and Chief Financial Officer, Shay Shahar. Before we begin, Stan Finkelstein, the company's VP of Investor Relations will remind you of some important information. Speaker1 Thank you. Today, the company will be discussing GAAP P and L results and some important non GAAP results int ...

FormFactor (FORM) Q1 2025 Earnings Call April 30, 2025 04:25 PM ET Company Participants Stan Finkelstein - VP of Investor RelationsMike Slessor - President and Chief Executive OfficerShai Shahar - Chief Financial OfficerCraig Ellis - Director of ResearchTom Diffely - Director Of Institutional ResearchDavid Duley - Managing PrincipalBrian Chin - Director Conference Call Participants Charles Shi - Managing Director - Senior AnalystNone - AnalystChristian Schwab - Senior Research AnalystDavid Silver - Managing ...