FormFactor (FORM) Hits New Record High as Firm Beats Revenue Guidance

Core Insights - FormFactor Inc. (NASDAQ:FORM) achieved a new all-time high in share price after exceeding revenue guidance for Q3 [1][3] - The stock price peaked at $61.10 during intra-day trading, closing at $59.25, reflecting a 24.16% increase [1] - Revenue for Q3 was reported at $202.68 million, surpassing the $200 million guidance but down 2.5% from $207.9 million year-on-year [2] - Net income decreased by 16% to $15.66 million compared to $18.74 million in the same period last year [2] - For Q4, FormFactor is projecting revenues between $205 million and $215 million [2][3] Financial Performance - Q3 revenue: $202.68 million, exceeding guidance of $200 million but down 2.5% year-on-year [2] - Q3 net income: $15.66 million, a 16% decline from $18.74 million year-on-year [2] - Q4 revenue guidance: $205 million to $215 million [2][3] Management Outlook - CEO Mike Slessor expressed confidence in continued profitability improvements and expects sequential growth in revenue, earnings, and gross margin for Q4 [3]