The global semiconductor industry is experiencing massive growth fueled by the demand for chips across high-performance computing, artificial intelligence, automotive and electric vehicle market, consumer electronics, networking, the Internet of Things, cloud computing and data centers.In the Jan. 7, 2025 report, the Semiconductor Industry Association reported that global semiconductor sales touched $57.8 billion in November 2024 with a year-over-year increase of 20.7%. The semiconductor chip sales increase ...

LIVERMORE, Calif., Jan. 15, 2025 (GLOBE NEWSWIRE) -- FormFactor, Inc. (Nasdaq: FORM) will report financial results for its 2024 fiscal fourth quarter on Wednesday, February 5th, 2025, at 1:25 p.m. Pacific Time. The public is invited to listen to a live webcast of FormFactor's conference call on the Investors section of the company's web site at www.formfactor.com. To Listen via Telephone: Preregistration is required. Please preregister by clicking here. Upon registering, you will be emailed a dial-in number ...

FormFactor’s (FORM) shares have lost 26.1% in the trailing six months, underperforming the broader Zacks Computer and Technology sector’s return of 3.7% and the Zacks Electronics- Semiconductors industry’s appreciation of 15.7%.FORM shares have lagged industry peers like Marvell Technology (MRVL) , which have surged 63.8% over the same time frame.FormFactor's share price decline can be attributed to expected declines in demand for foundry and logic probe cards, which contributed to a sequential revenue decl ...

LIVERMORE, Calif., Jan. 07, 2025 (GLOBE NEWSWIRE) -- FormFactor, Inc. (NASDAQ:FORM), a leading supplier of electrical test and measurement solutions for the semiconductor industry, announced today that it has entered into technology partnership and share purchase agreements with Advantest Corporation (TSE: 6857). The expanded partnership and purchase of FormFactor shares by Advantest build upon a multi-year collaboration between the companies, including FormFactor's 2020 purchase of Advantest's probe-card a ...

Company Participation - FormFactor, Inc. will participate in the 27th Annual Needham Growth Conference on January 14-15, 2025 [1] - The company's CEO, Michael Slessor, is scheduled to present on January 15 at 10:15 AM ET [2] Webcast Information - A live webcast of FormFactor's presentation will be available on the company's investor section of its website [2] - A replay of the webcast will also be accessible on the same website [2] Company Overview - FormFactor, Inc. is a leading provider of test and measurement technologies throughout the IC life cycle, including characterization, modeling, reliability, design debug, qualification, and production testing [3] - The company supports semiconductor firms in enhancing profitability by optimizing device performance and improving yield knowledge [3] - FormFactor serves its customers through a network of facilities located in Asia, Europe, and North America [3]

Group 1 - The article discusses a service called SHU Growth Portfolio that focuses on small companies with high growth potential and offers a buy and hold investment strategy [2][3][4] - The service provides real-time buy and sell signals, a portfolio of stocks, buy alerts, and market updates to its community [1][2] - The analyst emphasizes the importance of companies having a defensible competitive advantage and operational leverage potential [1] Group 2 - The service aims to identify small companies with multi-bagger potential while managing risks through a diversified portfolio approach [4] - The community aspect includes a chat room for discussions and sharing insights among members [2][3] - The analyst has over 30 years of experience in financial markets, contributing to the credibility of the investment insights provided [4]

Group 1 - FormFactor, Inc. will participate in the 13th Annual NYC Summit investor conference on December 17, 2024, alongside 17 other companies [1][2] - The NYC Summit features a "round-robin" format allowing investors and analysts to engage in small group meetings with management teams from the participating companies [2][3] - The 18 companies hosting the NYC Summit include notable names such as ACM Research, Advanced Energy, and Kulicke & Soffa, with sponsorship from Stifel and TD Cowen [3][4] Group 2 - Attendance at the NYC Summit is by invitation only, limited to accredited investors and publishing research analysts, with a registration deadline of December 10, 2024 [4] - FormFactor is recognized as a leading provider of test and measurement technologies throughout the IC life cycle, serving customers globally from facilities in Asia, Europe, and North America [4]

Core Viewpoint - FormFactor reported strong Q3 2024 earnings, beating estimates and showing significant year-over-year growth in revenue and earnings per share [2][3][4]. Financial Performance - Adjusted earnings for Q3 2024 were 35 cents per share, exceeding the Zacks Consensus Estimate by 12.90% and increasing 59.1% year over year [2]. - Total revenues reached $207.9 million, surpassing the Zacks Consensus Estimate by 3.7% and reflecting a 21.2% increase year over year [3]. - Probe card revenues were $172.2 million, up 34.1% year over year, driven by strong demand in the DRAM segment [4]. Segment Analysis - DRAM revenues, which accounted for 29% of total revenues, were $60.2 million, marking a 118.9% increase year over year due to strong DDR5 demand [4]. - Foundry & Logic revenues were $107.5 million, up 11.5% year over year, representing 51.7% of total revenues [4]. - Flash revenues remained unchanged at $4.5 million, constituting 2.2% of total revenues [5]. - Systems revenues decreased by 17.4% year over year to $35.7 million, making up 17.2% of total revenues [6]. Geographic Revenue Breakdown - Revenue growth was observed in various regions: United States (+25.9%), Taiwan (+11.4%), South Korea (+18.8%), China (+58.3%), Japan (+15.7%), Singapore (+48.6%), and the rest of the world (+5%) [6]. - Conversely, revenues from Europe and Malaysia declined by 16.1% and 11.7%, respectively [7]. Operating Results - Gross margin increased by 40 basis points year over year to 42.2% [8]. - Non-GAAP operating expenses rose by 8.9% year over year to $59.3 million, but as a percentage of revenues, they decreased by 320 basis points to 28.5% [8]. - Non-GAAP operating margin expanded by 360 basis points year over year to 13.6% [9]. Cash Flow and Balance Sheet - As of September 28, 2024, cash and cash equivalents, along with marketable securities, totaled $354.5 million, slightly down from $357.6 million as of June 29, 2024 [10]. - Cash generated from operating activities was $26.7 million, up from $22 million in the previous quarter [10]. - Free cash flow increased to $20 million from $14.2 million in the previous quarter [11]. Q4 Guidance - For Q4 2024, FormFactor expects revenues of $190 million (+/- $5 million), indicating a 12.57% growth from the same quarter last year [12]. - The company anticipates a non-GAAP gross margin of 41% (+/- 1.5%) and earnings of 29 cents (+/- 4 cents) per share, with the Zacks Consensus Estimate at 31 cents per share, reflecting a 55% growth year over year [13]. Market Sentiment - Recent estimates for FormFactor have shown a downward trend, with a consensus estimate shift of -7.56% [14][15]. - The stock currently holds a Zacks Rank 3 (Hold), suggesting an expectation of an in-line return in the coming months [17]. Industry Comparison - FormFactor operates within the Zacks Electronics - Semiconductors industry, where competitor Amkor Technology reported revenues of $1.86 billion, reflecting a year-over-year change of +2.2% [18]. - Amkor Technology's expected earnings for the current quarter indicate a decline of -14.6% from the previous year, with a Zacks Rank 5 (Strong Sell) [19].

Group 1: Share Performance - FormFactor's shares have declined by 10.3% over the past month, underperforming the broader Zacks Computer and Technology sector, which saw a decline of 0.2% [1] - In comparison, peers such as Ambarella and Marvell Technology experienced gains of 22.5% and 9%, respectively, while Impinj and the industry faced declines of 1.3% and 6.4% [1] Group 2: Revenue Guidance and Financial Performance - The company anticipates fourth-quarter 2024 revenues to be around $190 million (+/- $5 million), reflecting a sequential decline of 8.6% due to decreased demand for Foundry and Logic probe cards [3][2] - Non-GAAP earnings are expected to be 29 cents (+/- 4 cents) per share, indicating a significant quarter-over-quarter decline of 17.1% [3] Group 3: Growth Opportunities - There is a growing demand for FormFactor's solutions in advanced packaging and wafer-level chip testing, driven by the adoption of AI, 5G, and automotive applications [4] - The company's involvement in co-packaged optics using silicon photonics presents promising opportunities, particularly in collaboration with key customers in the data-center sector [5] Group 4: Market Diversification - FormFactor shows steady revenue growth in established markets like the United States and emerging markets such as Taiwan, China, Singapore, and South Korea, indicating a diversified revenue base [6] Group 5: Financial Health - The company maintains strong cash flow with cash generated from operating activities at $26.7 million and cash and cash equivalents totaling $354.5 million [7] - Free cash flow was reported at $20 million in the third quarter, supported by higher non-cash expenses and a reduction in working capital outflows [7] Group 6: Valuation and Investment Outlook - FormFactor's current valuation is considered stretched, reflected by a Value score of D, suggesting a cautious approach for potential investors [8] - Despite the stretched valuation, the company's commitment to innovation and expansion into new customer segments positions it as a compelling long-term investment option [8]

LIVERMORE, Calif., Nov. 19, 2024 (GLOBE NEWSWIRE) -- FormFactor, Inc. (Nasdaq: FORM) is pleased to announce its participation in the following investor conference: UBS Global Technology Conference Location: The Phoenician HotelDate: December 3rd - 4th, 2024Format: 1:1’s Only  About FormFactor: FormFactor, Inc. (NASDAQ:FORM), is a leading provider of essential test and measurement technologies along the full IC life cycle – from characterization, modeling, reliability, and design de-bug, to qualification and ...