Core Viewpoint - Kevin Brewer, a director of FormFactor, Inc., has announced his retirement from the Board of Directors, effective after his current term, and will not seek re-election at the 2026 Annual Meeting of Stockholders [1] Group 1: Board Changes - Kevin Brewer has been a director since 2024 and will not stand for re-election at the upcoming Annual Meeting scheduled for May 15, 2026 [1] - His decision to retire is not due to any disagreements with FormFactor regarding its operations or policies [1] Group 2: Board Member Contributions - Tom St. Dennis, chairperson of FormFactor, praised Brewer for his outstanding contributions, highlighting his financial expertise as a former CFO and extensive operations experience [2] - Brewer is currently a member of both the Audit Committee and the Governance and Nominating Committee [2] Group 3: Company Overview - FormFactor, Inc. is a leading provider of test and measurement technologies for the semiconductor industry, supporting the entire product life cycle from characterization to production testing [4] - The company aims to enhance profitability for semiconductor clients by optimizing device performance and improving yield knowledge [4] - FormFactor operates through a network of facilities located in Asia, Europe, and North America [4]

Core Insights - FormFactor, Inc. reported record revenue of $785.0 million for fiscal year 2025, driven by growth in high bandwidth memory applications [1][2] - The company exceeded expectations in Q4 2025 for revenue, gross margin, and earnings per share, with a strong outlook for Q1 2026 [2][9] Financial Performance - Q4 2025 revenue was $215.2 million, a 6.2% increase from Q3 2025 and a 13.6% increase from Q4 2024 [1][3] - Fiscal 2025 net income was $54.4 million, or $0.69 per diluted share, compared to $69.6 million, or $0.89 per diluted share in fiscal 2024 [3][4] - Q4 2025 gross margin was 42.2%, up from 39.8% in Q3 2025 and 38.8% in Q4 2024 [3][4] Non-GAAP Measures - Non-GAAP net income for Q4 2025 was $36.6 million, or $0.46 per diluted share, compared to $25.7 million, or $0.33 per diluted share in Q3 2025 [4][6] - Non-GAAP gross margin for Q4 2025 was 43.9%, compared to 41.0% in Q3 2025 [4][6] Cash Flow and Operating Activities - GAAP net cash provided by operating activities for Q4 2025 was $46.0 million, compared to $27.0 million in Q3 2025 [6] - Free cash flow for Q4 2025 was $34.7 million, an increase from $19.7 million in Q3 2025 [6] Outlook - The company anticipates continued revenue growth and gross margin expansion in Q1 2026, with expected revenue of $225 million +/- $5 million [10][9] - FormFactor aims to strengthen its position in advanced packaging and high-performance compute markets, particularly in DRAM applications [10][9]

Core Viewpoint - FormFactor, Inc. is set to report its financial results for the fourth quarter of the 2025 fiscal year on February 4, 2026, at 1:25 p.m. Pacific Time, with a live webcast available for public access [1]. Company Overview - FormFactor, Inc. (NASDAQ: FORM) is a prominent provider of test and measurement technologies throughout the entire integrated circuit (IC) life cycle, which includes characterization, modeling, reliability, design debugging, qualification, and production testing [3]. - The company’s products and services are essential for semiconductor companies aiming to enhance profitability by optimizing device performance and improving yield knowledge [3]. - FormFactor operates a network of facilities across Asia, Europe, and North America to serve its customers effectively [3].

Group 1 - FormFactor, Inc. will participate in the 28th Annual Needham Growth Conference on January 13th and 14th, 2026, with a presentation scheduled for January 13th at 3:00 PM ET [1] - The presentation will be led by the company's CEO, Michael Slessor, and will be available for live webcast on the company's investor website [2] - FormFactor is a leading provider of test and measurement technologies throughout the IC life cycle, serving semiconductor companies to enhance profitability and optimize device performance [2] Group 2 - The company operates a network of facilities across Asia, Europe, and North America to support its customers [2] - For further information, the company can be contacted through its investor relations representative, Stan Finkelstein [3]

Group 1 - FormFactor, Inc. announced the acquisition of Keystone Photonics to enhance its capabilities in silicon photonics and co-packaged optics for wafer testing [1][2] - The acquisition is a strategic move to meet the increasing demand from AI data centers for faster data communication with lower power consumption [2] - Management expects silicon photonics to grow at a CAGR of 30% until 2029, positioning FormFactor favorably to support manufacturers transitioning to high-volume production [4] Group 2 - Wall Street analysts maintain a positive outlook on FormFactor, with Craig-Hallum and B. Riley Securities reiterating Buy ratings and raising price targets from $66 to $78 [5] - FormFactor provides essential test and measurement technologies throughout the semiconductor lifecycle, including solutions for quantum engineers [6]

Core Points - FormFactor, Inc. will participate in the 14th Annual NYC Summit investor conference on December 16, 2025, at Mastro's Steakhouse in New York [1] - The NYC Summit features a "round-robin" format allowing investors and analysts to engage with management teams from 15 participating companies [2][3] - Attendance is by invitation only, limited to accredited investors and publishing research analysts, with a registration deadline of December 10, 2025 [4] Company Overview - FormFactor, Inc. is a leading provider of test and measurement technologies throughout the integrated circuit (IC) life cycle, supporting semiconductor companies in optimizing device performance and yield knowledge [5]

Core Insights - FormFactor, Inc. reported Q3 fiscal 2025 revenues of $202.7 million, a 3.5% increase from Q2 2025 but a 2.5% decrease from Q3 2024 [1] - The company expects to deliver higher results in Q4 2025, building on the profitability improvement initiatives [7] Financial Performance - GAAP net income for Q3 2025 was $15.7 million, or $0.20 per diluted share, compared to $9.1 million, or $0.12 per diluted share in Q2 2025, and $18.7 million, or $0.24 per diluted share in Q3 2024 [3] - Non-GAAP net income for Q3 2025 was $25.7 million, or $0.33 per diluted share, compared to $21.2 million, or $0.27 per diluted share in Q2 2025, and $27.2 million, or $0.35 per diluted share in Q3 2024 [4] - Gross margin for Q3 2025 was 39.8%, up from 37.3% in Q2 2025 but down from 40.7% in Q3 2024 [3] Cash Flow and Operating Activities - GAAP net cash provided by operating activities for Q3 2025 was $27.0 million, compared to $18.9 million in Q2 2025 and $26.7 million in Q3 2024 [5] - Free cash flow for Q3 2025 was $19.7 million, a significant recovery from negative $47.1 million in Q2 2025 [5] Outlook - For Q4 2025, FormFactor anticipates revenues of approximately $210 million, with a gross margin of around 40.0% [7] - The company expects continued improvement in profitability and gross margins due to ongoing initiatives [2][8]

Core Viewpoint - FormFactor, Inc. is set to report its financial results for the fiscal third quarter of 2025 on October 29, 2025, at 1:25 p.m. Pacific Time, with a live webcast available for public access [1]. Company Overview - FormFactor, Inc. (NASDAQ: FORM) is a prominent provider of test and measurement technologies throughout the entire integrated circuit (IC) life cycle, including characterization, modeling, reliability, design debugging, qualification, and production testing [3]. - The company supports semiconductor firms in enhancing profitability by optimizing device performance and improving yield knowledge [3]. - FormFactor operates a network of facilities across Asia, Europe, and North America to serve its customers [3].

Group 1 - FormFactor, Inc. will participate in the 17th Annual CEO Investor Summit 2025 on October 7th in Phoenix, Arizona [1] - The CEO Investor Summit is held annually during the SEMICON West industry trade show, and this year it will take place in downtown Phoenix [2] - The event will feature a "round-robin" format allowing investors and analysts to meet with management teams from 12 participating companies [2][3] Group 2 - The 12 management teams participating in the summit include companies such as ACM Research, Aehr Test Systems, and FormFactor [3] - Attendance is by invitation only and limited to accredited investors and publishing research analysts, with a registration deadline of September 26, 2025 [4] Group 3 - FormFactor, Inc. is a leading provider of test and measurement technologies for the semiconductor industry, supporting the entire IC life cycle [5] - The company operates facilities across Asia, Europe, and North America, helping semiconductor companies optimize device performance and advance yield knowledge [5]

Company Overview - FormFactor, Inc. (NASDAQ: FORM) is a leading provider of essential test and measurement technologies throughout the entire IC life cycle, including characterization, modeling, reliability, design debugging, qualification, and production testing [3] - The company supports semiconductor firms in enhancing profitability by optimizing device performance and improving yield knowledge [3] - FormFactor operates a network of facilities across Asia, Europe, and North America to serve its customers [3] Upcoming Financial Results - FormFactor will report its financial results for the 2025 fiscal second quarter on July 30, 2025, at 1:25 p.m. Pacific Time [1] - A live webcast of the conference call will be available on the Investors section of the company's website [1] - Preregistration is required to listen via telephone, and a replay of the conference call will be accessible approximately two hours after its conclusion [2]