FormFactor, Inc. (FORM) Remains Optimistic About Future Probe Card Demand

Core Insights - FormFactor, Inc. (NASDAQ:FORM) has seen a year-to-date share price increase of 22%, driven by a significant 39% surge in late October following its third-quarter earnings report [1][2]. Financial Performance - The company reported $202 million in revenue for the third quarter, exceeding analyst expectations of $200 million [2]. - Adjusted EPS for the quarter was $0.33, surpassing the forecast of $0.25 [2]. - The midpoint guidance for fourth-quarter revenue is set at $210 million, with midpoint EPS guidance at $0.35, both above analyst estimates of $199 million and $0.29 respectively [2]. Market Outlook - Management expressed optimism about future demand for probe cards, particularly as customers transition to new leading-edge silicon nodes, despite current weakness in the CPU market [3]. - The company noted that existing legacy node designs are currently meeting demand, which has limited growth in probe cards for CPU applications [3].