LIVERMORE, Calif., April 10, 2024 (GLOBE NEWSWIRE) -- FormFactor, Inc. (NASDAQ:FORM) will report financial results for its 2024 fiscal first quarter on Wednesday, May 1st, 2024, at 1:25 p.m. Pacific Time. The public is invited to listen to a live webcast of FormFactor's conference call on the Investors section of the company's web site at www.formfactor.com. To Listen via Telephone: Preregistration is required.  Please preregister by clicking here. Upon registering, you will be emailed a dial-in number, dir ...

LIVERMORE, Calif., April 10, 2024 (GLOBE NEWSWIRE) -- FormFactor, Inc. (Nasdaq: FORM) will report financial results for its 2024 fiscal first quarter on Wednesday, May 1st, 2024, at 1:25 p.m. Pacific Time. The public is invited to listen to a live webcast of FormFactor's conference call on the Investors section of the company's web site at www.formfactor.com. To Listen via Telephone: Preregistration is required.  Please preregister by clicking here. Upon registering, you will be emailed a dial-in number, di ...

LIVERMORE, Calif., March 21, 2024 (GLOBE NEWSWIRE) -- FormFactor, Inc. (NASDAQ:FORM) today announced the appointment of Kevin Brewer to its Board of Directors effective immediately. "We are pleased to welcome Kevin Brewer to the Board of Directors of FormFactor," said Tom St. Dennis, Chairperson of the Board of Directors. "Kevin has a strong background in finance and operations that will be of great value to FormFactor as the company achieves and surpasses our target financial model." Mr. Brewer joins the F ...

A month has gone by since the last earnings report for FormFactor (FORM) . Shares have added about 18.5% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is FormFactor due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. FormFactor Q4 Earnings Meet Estimates, Revenues RiseFo ...

LIVERMORE, Calif., Feb. 29, 2024 (GLOBE NEWSWIRE) -- FormFactor, Inc. (NASDAQ:FORM), a leading semiconductor test and measurement supplier, together with Tabor Electronics LLC, today presented the Echo-5Q project, a demonstration of a full stack 5-Qubit Quantum Computer for research and education, leveraging a QPU supplied by QuantWare. The result of this collaboration shows the ability of the partnering companies to support the quantum industry with their respective technologies. The turnkey Quantum Comput ...

LIVERMORE, Calif., Feb. 26, 2024 (GLOBE NEWSWIRE) -- FormFactor, Inc. (NASDAQ:FORM) is pleased to announce the closing of its sale of FormFactor's Suzhou and Shanghai companies to Grand Junction Semiconductor Pte. Ltd. (GJS), for $25M in cash, subject to taxes and customary purchase price adjustments. The transaction is part of a long-term partnership between the two companies, initially announced February 7th, 2024, which also includes an exclusive distribution and partnership agreement to continue sales a ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 30, 2023 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 000-50307 FormFactor, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organ ...

Financial Data and Key Metrics Changes - Q4 revenues were $168.2 million, a 2% sequential decrease from Q3 and a year-over-year increase of 1.3% from Q4 2022 [89] - Non-GAAP gross margin for Q4 was 42.1%, slightly higher than 41.8% in Q3 [64] - GAAP operating income for Q4 was $81.3 million, significantly higher than $2.7 million in Q3 due to a $73 million gain from the sale of FRT [67] - Non-GAAP net income for Q4 was $15.7 million or $0.20 per fully diluted share, compared to $17.3 million or $0.22 per fully diluted share in Q3 [96] Business Line Data and Key Metrics Changes - Probe card segment revenues were $126.8 million in Q4, a decrease of 1.3% from Q3 but a year-over-year increase of 1.9% [62] - DRAM revenues in Q4 were $35.9 million, up 31% from Q3, representing 21.4% of total quarterly revenues [63] - Systems segment revenues were $41.2 million in Q4, a decrease from Q3, primarily due to the sale of FRT [90] - Flash revenues in Q4 were $7.3 million, an increase of $2.8 million from Q3 [91] Market Data and Key Metrics Changes - The company expects HBM revenues to grow nearly 50% sequentially in Q1 [55] - Foundry and logic revenues decreased to 49.8% of total company revenues in Q4, down from 56.2% in Q3 [46] - The company anticipates that the overall demand environment will remain stable, with expectations for first quarter results similar to recent quarters [51] Company Strategy and Development Direction - The company is focusing on reinvesting in R&D and capacity, with a share repurchase program of $75 million to offset dilution [15] - The strategy includes capitalizing on HBM growth across major DRAM manufacturers and maintaining a strong balance sheet during industry softness [44][60] - The company is well-positioned to benefit from trends in advanced packaging and generative AI, which are expected to drive future growth [52][60] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the industry's recovery, noting that the current environment is better than a year ago in terms of inventory and production capacity [9] - The company expects to outgrow the unit growth of the market, particularly in advanced nodes and high-volume markets like PCs and mobile [18] - Management highlighted that the transition to advanced packaging technologies is a key driver for future growth [22][85] Other Important Information - The company announced the divestiture of its Chinese subsidiaries, expected to close in the first half of 2024, which is not anticipated to have a significant impact on financial results [72][87] - The company plans to maintain a strong focus on advanced packaging and high-bandwidth memory as key growth areas [84][145] Q&A Session Summary Question: What is the expected impact of the China divestiture? - Management does not expect a significant impact on financial results from the divestiture, as it is structured to maintain relationships with multinational customers [104][105] Question: What is the contribution of HBM to DRAM revenue in Q4? - HBM contributed approximately $10 million to the $36 million of DRAM revenue in Q4, with expectations for significant growth in Q1 [78][106] Question: How does the company view the future of test intensity in relation to advanced packaging? - The company anticipates increased test intensity due to advanced packaging processes, which will drive demand for their products [114][123] Question: What is the outlook for HBM revenue growth? - The company expects HBM revenue to potentially double on a quarterly basis from 2023 levels, driven by strong demand from major customers [146][145] Question: How will the company manage the mix between DRAM and HBM? - The mix between regular DRAM and HBM is expected to remain stable, which is a factor in the gross margin outlook [134][135]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark one) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 000-50307 FormFactor, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation ...

FormFactor, Inc. (NASDAQ:FORM) Q3 2023 Results Conference Call November 1, 2023 4:25 PM ET Company Participants Mike Slessor - Chief Executive Officer Shai Shahar - Chief Financial Officer Stan Finkelstein - VP of Investor Relations Conference Call Participants Krish Sankar - TD Cowen Brian Chin - Stifel Charles Shi - Needham & Company Vedvati Shrotre - Jefferies Tom Diffely - D.A. Davidson Gus Richard - Northland Christian Schwab - Craig-Hallum Craig Ellis - B. Riley Securities David Duley - Steelhead Secu ...