SFORMFACTOR™ Investor Presentation January 2022 Forward-Looking Statements; Non-GAAP Financial Measures 2 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 ...

| --- | --- | --- | --- | --- | |-------------------------------------------------------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | Supplemental Financial Information October 27, 2021 | | | | | | | | | | | | | | | | | | CONFIDENTIAL | | | | | Revenue by Geographic Region (in millions) | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-------|---------|-------|--------------------------------------------------------------|-------|-- ...

FormFactor, Inc. (NASDAQ:FORM) Q3 2021 Earnings Conference Call October 27, 2021 4:25 PM ET Company Participants Jason Cohen - General Counsel, Investor Relations Mike Slessor - President and Chief Executive Officer Shai Shahar - Chief Financial Officer Conference Call Participants Tom Diffely - D.A. Davidson Brian Chin - Stifel Craig Ellis - B. Riley Securities David Dooley - Steelhead Securities Stephen Chin - Cowen & Company Charles Shi - Needham and Company Tyler Burmeister - Craig Hallum Operator Thank ...

SFORMFACTOR™ Investor Presentation July 2021 Forward-Looking Statements; Non-GAAP Financial Measures 2 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 in ...

FormFactor, Inc. (NASDAQ:FORM) Q2 2021 Earnings Conference Call July 28, 2021 4:25 PM ET Company Participants Jason Cohen – Vice President and General Counsel Mike Slessor – President and Chief Executive Officer Shai Shahar – Chief Financial Officer Conference Call Participants Craig Ellis – B. Riley Securities Brian Chin – Stifel Stephen Chin – Cowen and Company Tom Diffely – D.A. Davidson Charles Shi – Needham & Company Christian Schwab – Craig-Hallum Capital Amanda Scarnati – Citi David Silver – CLK Oper ...

SFORMFACTOR™ Investor Presentation May 2021 Forward-Looking Statements; Non-GAAP Financial Measures 2 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 ins ...

Financial Data and Key Metrics Changes - First quarter revenues were $187 million, a 5.3% sequential decrease from the record Q4 revenue and a 16% year-over-year increase [24] - Non-GAAP gross margin recovered to 45% of revenues, 160 basis points higher than the 43.4% in Q4 [28] - GAAP net income for Q1 was $19.6 million or $0.25 per fully diluted share compared to $19.3 million or $0.24 per fully diluted share in Q4 [33] Business Line Data and Key Metrics Changes - Probe card segment revenues were $159 million in Q1, a decrease of 2.2% from Q4, driven by lower foundry and logic revenues [24] - Systems segment revenues were $28 million in Q1, a decrease of 20% from Q4, but gross margin improved significantly to 49.3% [19][30] - Foundry and logic revenues decreased by $9.3 million from Q4 to $113.4 million in Q1, comprising 61% of total company revenues [25] Market Data and Key Metrics Changes - DRAM revenues were $34 million in Q1, a slight decrease from Q4, but strong demand is expected to continue [25][26] - Flash revenues increased to $11.6 million in Q1, up from 3% to 6% of total revenues [26] - The company expects a sequential reduction in foundry and logic demand in Q2 due to specific timing of customer design releases [8] Company Strategy and Development Direction - The company is aggressively executing planned capacity and technology investments to capitalize on future opportunities in the semiconductor industry [10] - The focus is on advanced packaging and 5G technologies, which are driving increased complexity in probe card requirements [78] - The company aims to achieve a target financial model of $2 of non-GAAP earnings per share on $850 million of revenue [22] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about continued strong demand for advanced probe cards, despite expected lower demand in foundry and logic [39] - The anticipated product mix shift from foundry and logic to DRAM is expected to pressure gross margins [13] - Management highlighted the cyclicality and variability in market demand, emphasizing the importance of a broad set of opportunities [15] Other Important Information - The company generated $19 million of free cash flow in Q1, down from $31 million in Q4, reflecting changes in working capital [36] - The effective tax rate for Q1 was 18.6%, within the anticipated annual non-GAAP effective tax rate of 15% to 20% [34] - The company expects capital expenditures for the year to be between $80 million to $100 million [37] Q&A Session Summary Question: Impact of high material costs on gross margins - Management acknowledged that high material costs began impacting gross margins in Q1, with more significant effects expected in Q2 [43] Question: Expected demand from customers' capacity investments - Management indicated that increased capacity investments by customers would lead to higher demand for advanced probe cards, typically lagging by two to three quarters [45] Question: DRAM revenue expectations - Management expects DRAM revenues to sustain high levels in Q2, but noted that margins could be lower due to product mix shifts [50][66] Question: Long-term growth outlook for probe cards - Management suggested that the previous growth assumptions may be conservative given the rapid increase in wafer fab equipment investments [58] Question: Capacity constraints and new opportunities - Management confirmed that the company is still facing capacity constraints but is working to expand capacity through ongoing investments [97]

SFORMFACTOR™ Investor Presentation April 2021 Forward-Looking Statements; Non-GAAP Financial Measures 2 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 i ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 26, 2020 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 000-50307 FormFactor, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organ ...

SFORMFACTOR™ Investor Presentation February 2021 Forward-Looking Statements; Non-GAAP Financial Measures 2 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 som ...