Company Overview - FormFactor has a global presence with approximately 2,200 employees and manufactures over 115 million MEMS probes annually[7] - The company's trailing twelve months (TTM) revenue as of June 28, 2025, was $765 million[7] Financial Performance - In 2024, FormFactor's revenue was $764 million, non-GAAP EPS was $1.15, and free cash flow was $83 million[20] - The company's target model aims for $850 million in revenue, a non-GAAP gross margin of 47%, and non-GAAP diluted earnings per share of $2.00[90] Market Position and Growth - The advanced probe card market is estimated to be $2.6 billion in 2027[83] - FormFactor is targeting above-market growth in engineering systems, aiming for a 5%+ CAGR compared to the market's 3% CAGR[86] Industry Recognition - FormFactor was named the 1 global supplier in Test Subsystems and Focused Chip Making Equipment in TechInsights' 2025 customer satisfaction survey[25] - Intel recognized FormFactor with the 2024 EPIC Distinguished Supplier Award[35] Recent Financial Results - In Q1 2025, FormFactor's revenue was $171.4 million, with a gross margin of 39.2% and diluted EPS of $0.23[109] - In Q2 2025, revenue reached $195.8 million, but gross margin was 38.5% and diluted EPS was $0.27[109]

Company Overview - FormFactor has a global presence with approximately 2,150 employees and manufactures over 115 million MEMS probes annually[7] - The company's trailing twelve months (TTM) revenue as of October 30, 2024, was $742 million[7] - FormFactor is recognized by industry leaders such as Intel, Samsung, Micron, SK hynix, and TSMC[7] Financial Performance - In 2023, FormFactor's revenue was $663 million[20] - The company's non-GAAP EPS in 2023 was $0.73[20] - The free cash flow for 2023 was $11 million[20] - The non-GAAP gross margin in 2023 was 40.7%[20] - The target model revenue is $850 million, with a target non-GAAP EPS of $2.00[87] - The target free cash flow is $160 million[87] Market and Growth - The advanced probe card market is estimated to be $2.0 billion, while the engineering systems market is $0.5 billion[47] - The advanced probe card market is expected to grow at an annual rate of 8%[52] - The engineering systems market is expected to grow at an annual rate of 3%[52] - FormFactor estimates its growth in the advanced probe card market to be 10%+ CAGR[79]

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]