Investor Presentation 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 can identify these statements by forward-looking words, such as "may ...

January 2026 Investor Presentation 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 ...

Company Overview - FormFactor has a global presence with approximately 2,250 employees and manufactures over 115 million MEMS probes annually[6] - The company's trailing twelve months (TTM) revenue as of September 27, 2025, was $759 million[6,7] - FormFactor is recognized by industry leaders such as Intel, Samsung, Micron, SK hynix, and TSMC, with these customers accounting for over 10% of revenue in one or more quarters since Q3 FY20[6,7] Financial Performance & Targets - In 2024, FormFactor's revenue was $764 million, with a non-GAAP EPS of $1.15 and free cash flow of $83 million[17] - The company's target model aims for $850 million in revenue, a non-GAAP gross margin of 47%, a non-GAAP operating margin of 22%, and a non-GAAP diluted EPS of $2.00[84] - The target capital expenditure model is projected to be between 3.5% and 4.0% of revenue, equating to $30 million - $35 million[96] Market Position & Growth - FormFactor is the 1 global supplier in both Test Subsystems and Focused Chip Making Equipment categories[21] - The company estimates the advanced probe card market to be $2.6 billion in 2027[76] - FormFactor aims for a 5%+ CAGR in the Engineering Systems market, exceeding the market's 3% CAGR[79] Recent Financial Results - In Q3 2025, FormFactor's revenue was $202.7 million with a gross margin of 41% and a diluted EPS of $0.33[105] - The outlook for Q4 2025 projects revenue of $210 million (±$5 million) with a gross margin of 42% (±1.5%) and diluted EPS of $0.35 (±$0.04)[105]

Company Overview - FormFactor has a global presence with approximately 2,200 employees [6] - The company manufactures over 115 million MEMS probes annually [6] - The company's trailing twelve months (TTM) revenue as of April 30, 2025, was $766 million [6, 7] Financial Performance - In 2024, FormFactor's revenue was $764 million [15] - The company's non-GAAP EPS in 2024 was $1.15 [15] - The non-GAAP gross margin in 2024 was 41.7% [15] - Free cash flow in 2024 was $83 million [15] - Q1 2025 revenue was $171.4 million with a gross margin of 39.2% and EPS of $0.23 [104] - Q2 2025 outlook projects revenue of $190 million +/- $5 million with a gross margin of 40.0% +/- 1.5% and EPS of $0.30 +/- $0.04 [104] Market and Growth - The served available market (SAM) for advanced probe cards and engineering systems is $2.75 billion [82] - The company is targeting $850 million in revenue with a non-GAAP EPS of $2.00 [83] - The advanced probe card market is projected to reach $2.6 billion in 2027 [76]