FormFactor, Inc.

FormFactor Opens Farmers Branch Manufacturing Facility to Support Growing Demand for Advanced Probe Card Technologies

FormFactor opened a new manufacturing facility in Farmers Branch, Texas, to expand capacity for advanced probe card technologies used in semiconductor test. The company cites extraordinary demand driven by advanced packaging for high-performance compute silicon, including GPUs, custom ASICs, and high-bandwidth memory (HBM), and notes the investment strengthens U.S.-based manufacturing. No financial terms, capital expenditure figures, or guidance were disclosed; the announcement is a strategic capacity-expansion milestone rather than a quantified business event.

•3d ago

FormFactor and Teradyne Announce Strategic Collaboration to Accelerate Next-Generation Semiconductor Testing

FormFactor and Teradyne announced a broad technology collaboration to accelerate development and production of next-generation semiconductor devices, targeting HPC, advanced packaging, HBM, and silicon photonics. As part of the deal, Teradyne agreed to make a $300 million strategic equity investment in FormFactor common stock, subject to closing conditions and regulatory approvals. The partnership pairs FormFactor's probe, interface, and device characterization expertise with Teradyne's automated test platforms, positioning FORM to benefit from AI-driven semiconductor test demand.

•13d ago

FORM: 10-Q · periodic report

FormFactor posted record quarterly revenue of $258.2 million for fiscal Q2 2026, up 31.9% year over year, with net income of $56.2 million versus $9.1 million a year ago. Diluted EPS was $0.71 versus $0.12, and gross margin expanded to 50.7% from 37.3%. Growth was AI-driven: DRAM revenue rose 49% with HBM designs accounting for roughly 75% of that increase, Foundry & Logic grew 22.4%, and Systems rose 44.1% on the new Triton co-packaged optics testing platform. Management cited record quarterly revenue in both the first and second quarters of fiscal 2026. Six-month operating cash flow more than doubled to $106.8 million, and the company holds about $345.6 million in cash and marketable securities with its $150 million revolver fully undrawn. FormFactor recorded $27.8 million of restructuring charges against an expected $32-40 million total, and expects $7-9 million of additional IEEPA tariff refunds in Q3. Watch items: customer concentration is high (SK hynix 24.3%, Intel 12.4%, TSMC 11.0% of Q2 revenue), no shares were repurchased in the quarter as capital is prioritized for the Farmers Branch, Texas factory ramp, and CFO Aric McKinnis terminated a Rule 10b5-1 trading arrangement on June 1, 2026.

SEC 10-Q•2mo ago

FormFactor, Inc. Reports 2026 Second Quarter Results

FormFactor delivered record Q2 revenue of $258.2 million, up 32% year-over-year and 14% sequentially, driven by broad-based demand in DRAM and Foundry & Logic. GAAP gross margin expanded to 50.7% while Non-GAAP EPS tripled to $0.82, demonstrating significant operating leverage from investments in high-performance compute and advanced packaging. Management provided strong Q3 guidance for revenue of $270 million, positioning the company for another quarter of record revenue and profitability.

•2mo ago

FormFactor and Keystone Microtech Announce Strategic Partnership Supporting Next-Generation Semiconductor Technologies

FormFactor and Keystone Microtech are expanding their strategic partnership to improve manufacturing scalability and support for next-generation semiconductor test solutions. The collaboration combines FormFactor's probe card technology with KSMT's assembly and repair capabilities to serve AI and HPC markets. The agreement strengthens FormFactor's operational presence in Taiwan without IP transfer, allowing both companies to retain ownership of their respective technologies. By leveraging KSMT's regional services, FormFactor aims to enhance customer support and responsiveness for complex device architectures.

•2mo ago

FormFactor, Inc. Added to Membership of US Large-Cap Russell US 1000® Index

FormFactor was added to the membership of the Russell 1000 Index, effective when the US market opens on June 29, 2026, as part of the annual reconstitution. CEO Mike Slessor highlighted the inclusion as a validation of the company's strategy and its 2030 Target Model, noting a focus on expanding addressable markets and building a higher-performing business. The Russell indexes are widely used as benchmarks by institutional investors, with approximately $12.2 trillion in assets benchmarked against them, ensuring potential passive inflows for new members.

•4mo ago

FormFactor, Inc. Reports 2026 First Quarter Results

FormFactor delivered a record Q1 with revenue of $226.1 million, up 32% year-over-year, and non-GAAP EPS of $0.56 which significantly topped the high end of guidance. Non-GAAP gross margin surged 510 basis points sequentially to 49.0%, driven by record DRAM revenue and strong Foundry & Logic demand for probe cards in networking applications. Management raised the bar for Q2, guiding for revenue of $240 million plus or minus $5 million and non-GAAP EPS of $0.61 plus or minus $0.04, signaling expectations for a third consecutive record quarter.

•5mo ago