AI Earnings Predictions for FormFactor Inc. FormFactor Inc. (FORM)

EX-99.01

2 ex9901-earningsreleasexq226.htm

EX-99.01

Document

EXHIBIT 99.01

News Release

Investor Contact:

Stan Finkelstein

Investor Relations

(925) 290-4273

ir@formfactor.com

FORMFACTOR, INC. REPORTS 2026 SECOND QUARTER RESULTS

Delivers Record Revenue, Gross Profit and Earnings Per Share;

Sees Strong Demand in DRAM, Foundry & Logic and Systems

LIVERMORE, Calif. — July 29, 2026 — FormFactor, Inc. (Nasdaq: FORM) today announced its financial results for the second quarter of fiscal 2026 ended June 27, 2026. Quarterly revenues were $258.2 million, an increase of 14.2% compared to $226.1 million in the first quarter of fiscal 2026, and an increase of 31.9% from $195.8 million in the second quarter of fiscal 2025.

•Produced revenue, gross margins and earnings per share exceeding the high end of the GAAP and Non-GAAP outlook range

•Experienced broad-based demand, with strength in key growth initiatives including High Bandwidth Memory and Co-Packaged Optics driving sequential revenue increases in both the Probe Cards and Systems segments, respectively

•Announced expanded multi-year partnership with Keystone Microtech, reinforcing FormFactor's presence in the strategically important Taiwan semiconductor ecosystem

“Over the past four quarters, FormFactor has grown revenue more than 30%, expanded Non-GAAP gross margin 1,500 basis points, and tripled earnings per share,” said Mike Slessor, CEO of FormFactor, Inc. “These improvements reflect years of investment to create and expand our unique position at the intersection of high-performance compute and advanced packaging, coupled with stronger execution to enhance profitability and drive operating leverage.”

Second Quarter Highlights

On a GAAP basis, net income for the second quarter of fiscal 2026 was $56.2 million, or $0.71 per fully-diluted share, compared to net income for the first quarter of fiscal 2026 of $20.4 million, or $0.26 per fully-diluted share, and net income for the second quarter of fiscal 2025 of $9.1 million, or $0.12 per fully-diluted share. Gross margin for the second quarter of 2026 was 50.7%, compared with 38.4% in the first quarter of 2026, and 37.3% in the second quarter of 2025.

On a non-GAAP basis, net income for the second quarter of fiscal 2026 was $65.0 million, or $0.82 per fully-diluted share, compared to net income for the first quarter of fiscal 2026 of $44.5 million, or $0.56 per fully-diluted share, and net income for the second quarter of fiscal 2025 of $21.2 million, or $0.27 per fully-diluted share. On a non-GAAP basis, gross margin for the second quarter of 2026 was 53.3%, compared with 49.0% in the first quarter of 2026, and 38.5% in the second quarter of 2025.

GAAP net cash provided by operating activities for the second quarter of fiscal 2026 was $61.8 million, compared to $45.0 million for the first quarter of fiscal 2026, and $18.9 million for the second quarter of fiscal 2025. Free cash flow for the second quarter of fiscal 2026 was $52.6 million, compared to free cash flow for the first quarter of fiscal 2026 of $30.7 million, and free cash flow for the second quarter of 2025 of negative $47.1 million.

A reconciliation of GAAP to non-GAAP measures is provided in the schedules included below.

Outlook

Dr. Slessor added, “As we look ahead to the third quarter, we continue to see strong demand across our end markets, with particular strength in Foundry & Logic and continued momentum in our Systems business, positioning us for another quarter of record revenue and profitability.”

For the third quarter ending September 26, 2026, FormFactor is providing the following outlook*:

GAAPReconciling Items**Non-GAAP

Revenue $270 million +/- $10 million — $270 million +/- $10 million

Gross margin 52.0% +/- 1.5%

$5.3 million

54.0% +/- 1.5%

Net income per diluted share $0.75 +/- $0.09

$0.11

$0.86 +/- $0.09

*This outlook assumes consistent foreign currency rates.

**Reconciling items are stock-based compensation, amortization of intangible assets and fixed asset fair value adjustments due to acquisitions, and restructuring charges, net of applicable income tax impacts.

We posted our revenue breakdown by geographic region, by market segment and with customers with greater than 10% of total revenue on the Investor Relations section of our website at www.formfactor.com. We will conduct a conference call at 1:25 p.m. PT, or 4:25 p.m. ET, today.

The public is invited to listen to a live webcast of FormFactor’s conference call on the Investor Relations section of our website at www.formfactor.com. A telephone replay of the conference call will be available approximately two hours after the conclusion of the call. The replay will be available on the Investor Relations section of our website, www.formfactor.com.

Use of Non-GAAP Financial Information:

To supplement our condensed consolidated financial results prepared under generally accepted accounting principles, or GAAP, we disclose certain non-GAAP measures o

EX-99.01

2 ex9901-earningsreleasexq126.htm

EX-99.01

Document

EXHIBIT 99.01

News Release

Investor Contact:

Stan Finkelstein

Investor Relations

(925) 290-4273

ir@formfactor.com

FORMFACTOR, INC. REPORTS 2026 FIRST QUARTER RESULTS

Delivers Record Revenue, with Gross Margins and Earnings Per Share Above the Outlook Range;

Sees Continued Strong Demand Environment

LIVERMORE, Calif. — April 29, 2026 — FormFactor, Inc. (Nasdaq: FORM) today announced its financial results for the first quarter of fiscal 2026 ended March 28, 2026. Quarterly revenues were $226.1 million, an increase of 5.1% compared to $215.2 million in the fourth quarter of fiscal 2025, and an increase of 32.0% from $171.4 million in the first quarter of fiscal 2025.

•Produced all-time record revenue; Non-GAAP gross margins up 510 basis points sequentially, 250 basis points above the high end of the outlook range; and Non-GAAP earnings per share also exceeding the high end of the outlook range

•Delivered record DRAM revenue with increased demand in HBM applications and sustained demand in non-HBM applications

•Significant increase in Foundry & Logic demand driven by growth in probe cards for networking applications

“FormFactor’s first quarter revenue grew sequentially to the second consecutive all-time record, with gross margin and earnings per share significantly above the high end of our outlook range,” said Mike Slessor, CEO of FormFactor, Inc. “These outstanding results exceed our target model on a quarterly run-rate basis and together with our current quarter outlook is expected to validate the model on an annualized basis.”

First Quarter Highlights

On a GAAP basis, net income for the first quarter of fiscal 2026 was $20.4 million, or $0.26 per fully-diluted share, compared to net income for the fourth quarter of fiscal 2025 of $23.2 million, or $0.29 per fully-diluted share, and net income for the first quarter of fiscal 2025 of $6.4 million, or $0.08 per fully-diluted share. Gross margin for the first quarter of 2026 was 38.4%, compared with 42.2% in the fourth quarter of 2025, and 37.7% in the first quarter of 2025.

On a non-GAAP basis, net income for the first quarter of fiscal 2026 was $44.5 million, or $0.56 per fully-diluted share, compared to net income for the fourth quarter of fiscal 2025 of $36.6 million, or $0.46 per fully-diluted share, and net income for the first quarter of fiscal 2025 of $18.0 million, or $0.23 per fully-diluted share. On a non-GAAP basis, gross margin for the first quarter of 2026 was 49.0%, compared with 43.9% in the fourth quarter of 2025, and 39.2% in the first quarter of 2025.

GAAP net cash provided by operating activities for the first quarter of fiscal 2026 was $45.0 million, compared to $46.0 million for the fourth quarter of fiscal 2025, and $23.5 million for the first quarter of fiscal 2025. Free cash flow for the first quarter of fiscal 2026 was $30.7 million, compared to free cash flow for the fourth quarter of fiscal 2025 of $34.7 million, and free cash flow for the first quarter of 2025 of $6.3 million.

A reconciliation of GAAP to non-GAAP measures is provided in the schedules included below.

Outlook

Dr. Slessor added, “In the second quarter, we expect to again set a revenue record and deliver sequential increases in both gross margin and earnings per share, extending the momentum that began in the second half of last year.”

For the second quarter ending June 27, 2026, FormFactor is providing the following outlook*:

GAAPReconciling Items**Non-GAAP

Revenue $240 million +/- $5 million — $240 million +/- $5 million

Gross margin 46.6% +/- 1.5%

$6.9 million

49.5% +/- 1.5%

Net income per diluted share $0.46 +/- $0.04

$0.15

$0.61 +/- $0.04

*This outlook assumes consistent foreign currency rates.

**Reconciling items are stock-based compensation, amortization of intangible assets and fixed asset fair value adjustments due to acquisitions, and restructuring charges, net of applicable income tax impacts.

We posted our revenue breakdown by geographic region, by market segment and with customers with greater than 10% of total revenue on the Investor Relations section of our website at www.formfactor.com. We will conduct a conference call at 1:25 p.m. PT, or 4:25 p.m. ET, today.

The public is invited to listen to a live webcast of FormFactor’s conference call on the Investor Relations section of our website at www.formfactor.com. A telephone replay of the conference call will be available approximately two hours after the conclusion of the call. The replay will be available on the Investor Relations section of our website, www.formfactor.com.

Use of Non-GAAP Financial Information:

To supplement our condensed consolidated financial results prepared under generally accepted accounting principles, or GAAP, we disclose certain non-GAAP measures of non-GAAP net income, non-GAAP net income per basic and diluted share, non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating

form-20260204false000103939900010393992026-02-042026-02-04

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C.  20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of report (Date of earliest event reported):  February 4, 2026

FORMFACTOR, INC.

(Exact Name of Registrant as Specified in Charter)

Delaware000-5030713-3711155 (State or Other Jurisdiction of Incorporation)(Commission File Number)(IRS Employer Identification No.)

7005 Southfront Road

Livermore, CA 94551 (Address of Principal Executive Offices)(Zip Code)

Registrant’s telephone number, including area code:  (925) 290-4000

Not Applicable (Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐     Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐     Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐     Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐     Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section12(b) of the Act: Title of each classTrading Symbol(s) Name of each exchange on which registered Common stock, $0.001 par valueFORM Nasdaq Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933(§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

☐     Emerging growth company

☐    If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

Item 2.02.  Results of Operations and Financial Condition.

On February 4, 2026, FormFactor, Inc. (“FormFactor”) issued a press release announcing its financial results for the fourth quarter of fiscal 2025 that ended on December 27, 2025. A copy of the press release is furnished as Exhibit 99.01 to this report and is incorporated herein by reference.

This information and the accompanying Exhibit 99.01 shall not be incorporated by reference into any filing of FormFactor with the Securities and Exchange Commission, whether made before or after the date hereof, regardless of any general incorporation language in such filing, unless expressly incorporated by specific reference in such filing. This information, including the accompanying exhibit, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section or Sections 11 and 12(a)(2) of the Securities Act of 1933, as amended.

Item 9.01.  Financial Statements and Exhibits.

(d) Exhibits.

The following exhibit is filed herewith and this list is intended to constitute the exhibit index.

Exhibit NumberDescription 99.01 Press Release dated February 4, 2026

104Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

FORMFACTOR, INC.

Date:February 4, 2026 By:/s/ ARIC MCKINNIS

Name:Aric McKinnis

Title:Chief Financial Officer