Core Viewpoint - FormFactor reported strong first-quarter 2025 results, with non-GAAP earnings surpassing estimates and a positive outlook for the second quarter, despite some revenue declines in specific segments [1][2][9]. Financial Performance - Non-GAAP earnings for Q1 2025 were 23 cents per share, exceeding the Zacks Consensus Estimate by 21.05% and increasing 27.8% year over year [1]. - Revenues reached $171.4 million, beating the Zacks Consensus Estimate by 0.79% and showing a year-over-year increase of 1.6%, although there was a sequential decline of 9.6% [1][2]. Segment Revenue Details - Probe card revenues were $136.6 million, down 0.1% year over year, primarily due to lower DRAM and Flash revenues [2]. - Foundry and Logic revenues accounted for 49.8% of total revenues at $85.3 million, down 1.7% year over year [3]. - DRAM revenues increased by 6.5% year over year to $48.9 million, while Flash revenues fell 40% to $2.4 million [3]. - Systems revenues rose 8.7% year over year to $34.8 million [3]. Geographic Revenue Performance - Revenues from Malaysia, Taiwan, Japan, and Singapore increased significantly, with growth rates of 36.8%, 51.8%, 21.2%, and 29.2% year over year, respectively [4]. - Conversely, revenues from the United States, South Korea, China, Europe, and the rest of the world saw declines of 12%, 14.8%, 12.8%, 11.4%, and 25.9% year over year, respectively [4]. Operating Results - The gross margin improved by 50 basis points year over year to 39.2% [5]. - Non-GAAP operating expenses decreased by 4% year over year to $50.2 million, with operating expenses as a percentage of revenues down 170 basis points to 29.3% [5]. - The non-GAAP operating margin increased by 220 basis points year over year to 9.9% [5]. Balance Sheet & Cash Flow - As of March 29, 2025, cash and cash equivalents, along with marketable securities, totaled $299.0 million, down from $360 million as of December 28, 2024 [6]. - Cash generated from operating activities was $23.5 million, a decrease from $35.9 million in the previous quarter [6]. - Free cash flow for the first quarter was $6.3 million, down from $28.8 million in the prior quarter, attributed to reduced operating cash flows and increased capital expenditure [7]. Future Outlook - FormFactor anticipates second-quarter 2025 revenues of $190 million (plus-or-minus $5 million), which is a 6.10% decline from the year-ago quarter [10]. - The company expects a non-GAAP gross margin of 40% (plus-or-minus 1.5%) and earnings of 30 cents per share (plus-or-minus 4 cents), indicating a 22.86% decline from the year-ago quarter [11]. - The company remains optimistic about long-term growth, driven by trends in advanced packaging, high-bandwidth memory, and co-packaged optics [9].

FormFactor (FORM) came out with quarterly earnings of $0.23 per share, beating the Zacks Consensus Estimate of $0.19 per share. This compares to earnings of $0.18 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 21.05%. A quarter ago, it was expected that this integrated circuits diagnostic company would post earnings of $0.29 per share when it actually produced earnings of $0.27, delivering a surprise of -6.90%.Over the last f ...

Investor Presentation April 2025 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 c ...

FormFactor (FORM) Q1 2025 Earnings Call April 30, 2025 04:25 PM ET Speaker0 and welcome everyone to FormFactor's First Quarter twenty twenty five Earnings Conference Call. On today's call are Chief Executive Officer, Mike Slescher and Chief Financial Officer, Shay Shahar. Before we begin, Stan Finkelstein, the company's VP of Investor Relations will remind you of some important information. Speaker1 Thank you. Today, the company will be discussing GAAP P and L results and some important non GAAP results int ...

Investor Contact: Stan Finkelstein Investor Relations (925) 290-4273 ir@formfactor.com FORMFACTOR, INC. REPORTS 2025 FIRST QUARTER RESULTS Q1 Revenue, Gross Margin and EPS Above Mid-Point of the Outlook Range, Sees Significant Demand Step-Up in Q2'25 Announces Additional $75 Million Stock Repurchase Authorization LIVERMORE, Calif. — April 30, 2025 —FormFactor, Inc. (Nasdaq: FORM) today announced its financial results for the first quarter of fiscal 2025 ended March 29, 2025. Quarterly revenues were $171.4 m ...

LIVERMORE, Calif., April 30, 2025 (GLOBE NEWSWIRE) -- FormFactor, Inc. (Nasdaq: FORM) today announced its financial results for the first quarter of fiscal 2025 ended March 29, 2025. Quarterly revenues were $171.4 million, a decrease of 9.6% compared to $189.5 million in the fourth quarter of fiscal 2024, and an increase of 1.6% from $168.7 million in the first quarter of fiscal 2024. Foundry & Logic first-quarter demand increased low single digits sequentiallyExperienced reduction in DRAM as export control ...

Shares of FormFactor (FORM) have gained 0.9% over the past four weeks to close the last trading session at $28.54, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $42 indicates a potential upside of 47.2%.The average comprises nine short-term price targets ranging from a low of $26 to a high of $52, with a standard deviation of $8.83. While the lowest estimate indicates a declin ...

Core Viewpoint - FormFactor, Inc. is set to report its financial results for the first quarter of fiscal year 2025 on April 30, 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’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].

Company Expands the 300 mm Product Line with New Semi-Automated SystemLIVERMORE, Calif., April 08, 2025 (GLOBE NEWSWIRE) -- FormFactor, Inc. (NASDAQ: FORM), a supplier of electrical test and measurement technologies, has introduced the EVOLVITY™ 300, a semi-automated engineering wafer probe system that complements the company’s proven CM300 product line. The EVOLVITY 300 simplifies on-wafer probing with its compact, easy-to-use design, developed specifically for RF/DC modeling and device characterization. W ...

FormFactor (FORM) is doubling capacity at its Taiwan Capacity Center, which will enable the company to better serve customers in Taiwan and across Asia. The service center plays a key role in supporting chip manufacturers in developing advanced packaging technologies driven by AI, high-performance computing, and mobile and automotive applications. FormFactor doubled the cleanroom space and additional office areas, and the center offers expanded probe card services. Taiwan accounted for 22.7% of total revenu ...