Inferra AI / Company / FORM
Formfactor Inc.
FORM · Information Technology
Last earnings Jul 29, 2026
Key results
Quarterly revenuequarter
$195.8 million
Quarterly revenues were $195.8 million, an increase of 14.3% compared to $171.4 million in the first quarter of fiscal 2025, and a decrease of 0.8% from $197.5 million in the second quarter of fiscal 2024.
SEC original ↗Formfactor Inc. — Earnings release (8-K exhibit)EX-99Jul 30, 2025
Net incomequarter
$9.1 million
Second Quarter Highlights On a GAAP basis, net income for the second quarter of fiscal 2025 was $9.1 million, or $0.12 per fully-diluted share, compared to net income for the first quarter of fiscal 2025 of $6.4 million, or $0.08 per fully-diluted share, and net income for the second quarter of fiscal 2024 of $19.4 million, or $0.25 per fully-diluted share.
SEC original ↗Formfactor Inc. — Earnings release (8-K exhibit)EX-99Jul 30, 2025
Gross marginquarter
37.3%
Gross margin for the second quarter of 2025 was 37.3%, compared with 37.7% in the first quarter of 2025, and 44.0% in the second quarter of 2024.
SEC original ↗Formfactor Inc. — Earnings release (8-K exhibit)EX-99Jul 30, 2025
On a non-GAAP basis, net income for the second quarter of fiscal 2025 was $21.2 million, or $0.27 per fully-diluted share, compared to net income for the first quarter of fiscal 2025 of $18.0 million, or $0.23 per fully-diluted share, and net income for the second quarter of fiscal 2024 of $27.3 million, or $0.35 per fully-diluted share.
SEC original ↗Formfactor Inc. — Earnings release (8-K exhibit)EX-99Jul 30, 2025
On a non-GAAP basis, gross margin for the second quarter of 2025 was 38.5%, compared with 39.2% in the first quarter of 2025, and 45.3% in the second quarter of 2024.
SEC original ↗Formfactor Inc. — Earnings release (8-K exhibit)EX-99Jul 30, 2025
Free cash flowquarter
$47.1 million
Free cash flow for the second quarter of fiscal 2025 was negative $47.1 million, compared to free cash flow for the first quarter of fiscal 2025 of $6.3 million, and free cash flow for the second quarter of 2024 of $14.2 million.
SEC original ↗Formfactor Inc. — Earnings release (8-K exhibit)EX-99Jul 30, 2025
Revenuequarter
$195,798 thousand
Revenues $ 195,798 $ 171,356 $ 197,474 $ 367,154 $ 366,199
SEC original ↗Formfactor Inc. — Earnings release (8-K exhibit)EX-99Jul 30, 2025
Research and developmentquarter
$28,793 thousand
Research and development 28,793 27,800 31,564 56,593 60,191
SEC original ↗Formfactor Inc. — Earnings release (8-K exhibit)EX-99Jul 30, 2025
Selling, general, and administrativequarter
$31,839 thousand
Selling, general and administrative 31,839 33,454 37,874 65,293 70,953
SEC original ↗Formfactor Inc. — Earnings release (8-K exhibit)EX-99Jul 30, 2025
Operating incomequarter
$12,306 thousand
Operating income 12,306 3,269 17,772 15,575 39,075
SEC original ↗Formfactor Inc. — Earnings release (8-K exhibit)EX-99Jul 30, 2025
Non-GAAP Gross marginquarter
$75,339 thousand
Gross Profit $ 75,339 $ 67,130 $ 89,416 $ 142,469 $ 154,712
SEC original ↗Formfactor Inc. — Earnings release (8-K exhibit)EX-99Jul 30, 2025
Non-GAAP Operating expensesquarter
$52,490 thousand
operating expenses $ 52,490 $ 50,232 $ 60,878 $ 102,722 $ 113,221
SEC original ↗Formfactor Inc. — Earnings release (8-K exhibit)EX-99Jul 30, 2025
Non-GAAP Net incomequarter
$21,222 thousand
net income $ 21,222 $ 18,004 $ 27,323 $ 39,226 $ 41,667
SEC original ↗Formfactor Inc. — Earnings release (8-K exhibit)EX-99Jul 30, 2025
AI analysis
Q2 2025 · reported Jul 30, 2025
Based on: Earnings release + parent 8-K + 10-Q — transcript not held
The quarter in charts
GAAP gross margin
Percent of revenue, as stated
EX-99 · Jul 30, 2025 Margin values as stated in the release.
Headline figures
| Metric | Q2 2025 | Prior qtr | Year ago |
|---|---|---|---|
| Quarterly revenue | $195.8 million | — | — |
| Net income | $9.1 million | — | — |
| Gross margin | 37.3% | 37.7% | — |
| Free cash flow | $47.1 million | — | — |
| Revenue | $195,798 thousand | — | — |
| Research and development | $28,793 thousand | — | — |
| Selling, general, and administrative | $31,839 thousand | — | — |
| Operating income | $12,306 thousand | — | — |
Guidance · company-stated
No guidance located in the held release
Margin
Cash flow & capex
Capital allocation
Borrowings under the Facility will bear interest at a fluctuating rate per annum equal to, at our option, (i) the forward-looking secured overnight financing rate ( SOFR ) term, (ii) a base rate set forth in the Credit Agreement, or (iii) a combination thereof, plus, in each case, an applicable margin calculated based on our leverage ratio.
Building Term Loan and Interest Rate Swap On June 22, 2020, we entered into an $ 18.0 million 15-year credit facility loan agreement (the Building Term Loan ).
What changed vs last quarter
- Gross margin -0.4 pts computed from stated figures
Event summary
REPORTS 2025 SECOND QUARTER RESULTS Q2 Revenue Exceeds Outlook Range, Sees Similar Demand Level for Q3'25
Based on: Earnings release + parent 8-K + 10-Q — transcript not held
Guidance & outlook
No guidance located in the held release
Capital allocation
Borrowings under the Facility will bear interest at a fluctuating rate per annum equal to, at our option, (i) the forward-looking secured overnight financing rate ( SOFR ) term, (ii) a base rate set forth in the Credit Agreement, or (iii) a combination thereof, plus, in each case, an applicable margin calculated based on our leverage ratio.
SEC original ↗Formfactor Inc. — 10-Q Quarterly report10-QAug 4, 2026
Building Term Loan and Interest Rate Swap On June 22, 2020, we entered into an $ 18.0 million 15-year credit facility loan agreement (the Building Term Loan ).
SEC original ↗Formfactor Inc. — 10-Q Quarterly report10-QAug 4, 2026
The proceeds of the Building Term Loan were used to purchase a building adjacent to our leased facilities in Livermore, California.
SEC original ↗Formfactor Inc. — 10-Q Quarterly report10-QAug 4, 2026
On May 19, 2023, we amended the Building Term Loan, replacing the benchmark reference rate London Interbank Offered Rate ( LIBOR ) with the term SOFR, with no change to the amount or timing of contractual cash flows.
SEC original ↗Formfactor Inc. — 10-Q Quarterly report10-QAug 4, 2026
The Building Term Loan bears interest at a rate equal to the applicable SOFR rate plus 1.86 % per annum.
SEC original ↗Formfactor Inc. — 10-Q Quarterly report10-QAug 4, 2026
As of June 27, 2026, the balance outstanding pursuant to the Building Term Loan was $ 11.7 million.
SEC original ↗Formfactor Inc. — 10-Q Quarterly report10-QAug 4, 2026
Strategy & priorities
Forward-looking Statements This press release contains forward-looking statements within the meaning of the safe harbor provisions of the federal securities laws, including with respect to the Company s future financial and operating results, and the Company s plans, strategies and objectives for future operations.
SEC original ↗Formfactor Inc. — Earnings release (8-K exhibit)EX-99Jul 30, 2025
Under this program, our strategy is to have increases or decreases in our foreign currency exposures mitigated by gains or losses on the foreign currency forward contracts in order to mitigate the risks and volatility associated with foreign currency transaction gains or losses.
SEC original ↗Formfactor Inc. — 10-Q Quarterly report10-QAug 4, 2026
The forward-looking statements include statements concerning, among other things, our business strategy (including the influence of anticipated trends and developments in our business and the markets in which we operate), financial and operating results, revenues, gross margins, liquidity, operating expenses, effective tax rate and deferred tax assets, products, projected costs and capital expenditure requirements, research and development programs, sales and marketing initiatives, competition and impact of accounting standards.
SEC original ↗Formfactor Inc. — 10-Q Quarterly report10-QAug 4, 2026
These favorable factors were partially offset by higher restructuring charges associated with initiatives to better align our cost structure and support gross margin improvement.
SEC original ↗Formfactor Inc. — 10-Q Quarterly report10-QAug 4, 2026
Risks & headwinds
These statements are based on management s current expectations and beliefs as of the date of this release, and are subject to a number of risks and uncertainties, many of which are beyond the Company s control, that could cause actual results to differ materially from those described in the forward-looking statements.
SEC original ↗Formfactor Inc. — Earnings release (8-K exhibit)EX-99Jul 30, 2025
In addition, there are varying barriers to international trade, including restrictive trade and export regulations such as the US-China restrictions, dynamic tariffs, trade disputes between the U.
SEC original ↗Formfactor Inc. — Earnings release (8-K exhibit)EX-99Jul 30, 2025
Management s Discussion and Analysis of Financial Condition and Results of Operations Cautionary Statement Regarding Forward-Looking Statements This Quarterly Report on Form 10-Q contains forward-looking statements within the meaning of the Securities Exchange Act of 1934 and the Securities Act of 1933, which are subject to known and unknown risks and uncertainties.
SEC original ↗Formfactor Inc. — 10-Q Quarterly report10-QAug 4, 2026
You should carefully consider the numerous risks and uncertainties described under these sections.
SEC original ↗Formfactor Inc. — 10-Q Quarterly report10-QAug 4, 2026
Recent Developments Tariff refunds Beginning in 2025, the United States imposed additional tariffs on a wide range of imported products under various legal authorities, including the International Emergency Economic Powers Act ( IEEPA ).
SEC original ↗Formfactor Inc. — 10-Q Quarterly report10-QAug 4, 2026
These tariffs were subsequently modified through incremental increases, decreases, pauses, and limited exemptions.
SEC original ↗Formfactor Inc. — 10-Q Quarterly report10-QAug 4, 2026
Competitors
Competitors & peers
Same GICS sector — classification peers, not declared competitors
Filings
30 documents- Q3 2026
- 8-KFORM
Oct 13, 2026
- Q2 2026
- 10-QFORM
Aug 4, 2026
- 8-KFORM
Jul 29, 2026
- Q1 2026
- 8-KFORM
May 19, 2026
- 10-QFORM
May 5, 2026
- 8-KFORM
Apr 29, 2026
- Q4 2025
- 10-KFORM
Feb 20, 2026
- 8-KFORM
Feb 18, 2026
- 8-KFORM
Feb 4, 2026
- 8-KFORM
Jan 9, 2026
- Q3 2025
- 10-QFORM
Nov 4, 2025
- 8-KFORM
Oct 29, 2025
- Q2 2025
- 8-KFORM
Aug 12, 2025
- 10-QFORM
Aug 5, 2025
- 8-KFORM
Jul 30, 2025
- Q1 2025
- 8-KFORM
May 21, 2025
- 10-QFORM
May 6, 2025
- 8-KFORM
Apr 30, 2025
- Q4 2024
- 10-KFORM
Feb 21, 2025
- 8-KFORM
Feb 5, 2025
- Q3 2024
- 10-QFORM
Nov 5, 2024
- 8-KFORM
Oct 30, 2024
- Q2 2024
- 10-QFORM
Aug 7, 2024
- 8-KFORM
Jul 31, 2024
- Q1 2024
- 8-KFORM
May 23, 2024
- 10-QFORM
May 7, 2024
- 8-KFORM
May 1, 2024
- Q4 2023
- 8-KFORM
Mar 21, 2024
- 10-KFORM
Feb 23, 2024
- 8-KFORM
Feb 7, 2024
Earnings releases
13 documents- Q3 2026
- EX-99FORM
Oct 13, 2026
- Q2 2026
- EX-99FORM
Jul 29, 2026
- Q1 2026
- EX-99FORM
Apr 29, 2026
- Q4 2025
- EX-99FORM
Feb 18, 2026
- EX-99FORM
- Q3 2025
- EX-99FORM
Oct 29, 2025
- Q2 2025
- EX-99FORM
Jul 30, 2025
- Q1 2025
- EX-99FORM
Apr 30, 2025
- Q4 2024
- EX-99FORM
- Q3 2024
- EX-99FORM
Oct 30, 2024
- Q2 2024
- EX-99FORM
Jul 31, 2024
- Q1 2024
- EX-99FORM
- Q4 2023
- EX-99FORM
Presentations
0 documentsNo presentations for Formfactor Inc. are held in this edition of the library.
Transcripts
0 documentsNo transcripts for Formfactor Inc. are held in this edition of the library.
Mentioned by
18 companiesOther tracked companies whose held documents mention Formfactor Inc. by name or ticker. A mention is counted once per document, from the document text the library holds.
“ consist of interest expense, preferred share dividend payments, … …CALCULATION WEIGHTING FORM OF CAPITAL SPOT COST 60% Equity(1) 7.0% 30% Five-Year Term Loan 5.3% 10% Free Cash Flow After Dividend 0.0% WACC 5.8% 150+ bps – Pedal to the Metal! 100–15”
“s of Class A common stock that… …exhibit991-8k.htm EX-99.1 Document Exhibit 99.1 FORM OF INSTRUCTIONS FOR USE OF UWM HOLDINGS CORPORATION SUBSCRIPTION RIGHTS CERTIFICATES CONSULT D.F. KING, YOUR BANK OR BROKER AS TO ANY QUESTIONS The followi”
“ Free Cash Flow1 (+$29M vs. Q3 2025) 1SEE THE APPENDIX TO THIS PRESENTATION AND TODAY’S FORM 8-K FOR RECONCILIATIONS… …units in the U.S. Overall net sales of $1.5 billion increased 7 percent versus prior year, and adjusted earnings per share of $1.”
“ 2026 and 2025, respectively. RPO,… …Wind services. *Non-GAAP Financial Measure 2026 2Q FORM 10-Q 30 OTHER INFORMATION Gross Profit and Gross Margin. Gross profit was $2.4 billion and $1.8 billion for the three months ended and $4.1 billion and $”
“’26 and 2Q’26 results, balances… …UP 27% EX-NOTABLE ITEM (3) RETURNED $4.1 BILLION IN THE FORM OF COMMON SHARE REPURCHASES AND COMMON DIVIDENDS PAYOUT RATIO OF 85% (4) COMMON EQUITY TIER 1 CAPITAL RATIO OF 12.8% (5) BOOK VALUE PER SHARE OF $115.61… …”
Union Pacific Corporation (UNP)
“ 2026 and 2025, respectively. RPO,… …Wind services. *Non-GAAP Financial Measure 2026 2Q FORM 10-Q 30 OTHER INFORMATION Gross Profit and Gross Margin. Gross profit was $2.4 billion and $1.8 billion for the three months ended and $4.1 billion and $”
“ove our regulatory requirement.… … Ms. Fraser concluded. RETURNED ~$17.6 BILLION IN THE FORM OF COMMON SHARE REPURCHASES AND COMMON DIVIDENDS IN 2025 (~$5.6 BILLION IN THE QUARTER) 2025 PAYOUT RATIO OF 133% (5) COMMON EQUITY TIER 1 CAPITAL … …credi”
“es Strong Demand in DRAM, Foundry & Logic and Systems LIVERMORE, Calif. — July 29, 2026 — FormFactor, Inc. (Nasdaq: FORM) today… …[email protected] FORMFACTOR, INC. REPORTS 2026 SECOND QUARTER RESULTS Delivers Record Revenue, Gross Profit and Earning”
“er 2023-12-29 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q… …(including gallium arsenide (GaAs), gallium nitride (GaN), indium phosphide (InP) and specialized silicon), advanced packaging and back-end assembly”
“ Fernando Antonio Tenorio CONSOLIDATE FORM Negociation's from…”
“y … … investors,” Ms. Fraser concluded. NET INCOME UP 45% RETURNED ~$5.0 BILLION IN THE FORM OF COMMON SHARE REPURCHASES AND COMMON DIVIDENDS PAYOUT RATIO OF 92% (3) COMMON EQUITY TIER 1 CAPITAL RATIO OF 12.8% (4) BOOK …”
“ Document UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM… …compensation, certain transformation costs (including severance and other costs), business divestitures, asset impairments, gain (loss) on digital assets”
“d demand in HBM applications and sustained demand in non-HBM applications • Significant… …FORMFACTOR, INC. REPORTS 2026 FIRST QUARTER RESULTS Delivers Record Revenue, with Gross Margins and Earnings Per Share Above the Outlook Range; Sees Continued S”
“e Outlook Range; Expect Continued Strength in Q1’26 LIVERMORE, Calif. — February 4, 2026 —FormFactor, Inc. (Nasdaq:… …compensation, amortization of intangible assets and fixed asset fair value adjustments due to acquisitions, and restructuring charge”
“es credit reserve build … …offers,” Ms. Fraser concluded. RETURNED ~$7.4 BILLION IN THE FORM OF COMMON SHARE REPURCHASES AND COMMON DIVIDENDS PAYOUT RATIO OF 134% (3) COMMON EQUITY TIER 1 CAPITAL RATIO OF 12.7% (4) BOOK VALUE PER SHARE OF $112.22… ”
“ chain… …team embraces the many backgrounds and perspectives that make each of us unique. FORM 10-K 5 PART I Training and Development We also believe in creating a culture of opportunity and career growth for all our …”
“…EX-99.1 2 d117362dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 FORM 51-102F4 BUSINESS ACQUISITION REPORT Item 1 Identity of Company 1.1 Name and Address of Company Equinox Gold… … WEI”
“…FORM 10-K Item 1. Business 3 Fiscal 2023 Investments $2.5B $1.3B $1.1B across 25 strategic acquisitions in research and development in learning and ”
See also the earnings calendar for every tracked company’s next earnings date.