Probe cards and semiconductor test systems. TickerStar monitors official filings, investor releases, earnings, and call updates for FormFactor. Subscribe to FORM alerts to receive concise, source-linked alerts when TickerStar detects a meaningful company update.
TickerStar filters routine noise and surfaces investor-relevant filings, releases, earnings, and call updates.
SEC filingSEC filing
FORM 10-Q filed 2026-05-05 | Key takeaways
FORM filed its 10-Q; the most relevant disclosure change is added Restructuring charges: In January 2026, the company adopted 2026 Restructuring Plans to consolidate Carlsbad and Baldwin Park manufacturing facilities, incurring $23.3 million in restructuring charges in Q1 FY2026, including $21.5 million in cost of revenues, with expected total cha. Customer concentration: SK hynix Inc. represented 29.5% of revenue; NVIDIA Corporation represented 10.2% of revenue.
FORM Q1 FY2026 Non-GAAP diluted EPS $0.56, Beat Guidance by +$0.11
FORM beat prior Q1 FY2026 Non-GAAP diluted EPS guidance by +$0.11. Revenue of $226.1 million set an all-time record, up 32.0% year-over-year. The company provided Q2 FY2026 outlook with revenue expected at $240 million midpoint, GAAP EPS of $0.46 midpoint, and non-GAAP EPS of $0.61 midpoint, representing continued sequential growth momentum.
FORM filed its 10-K; the most relevant disclosure change is added Subsequent events - Restructuring: In January 2026, the company adopted restructuring plans to consolidate manufacturing facilities in Carlsbad and Baldwin Park, California, with expected charges of $30-40 million including $20-25 million for leasehold impairments, $9-13 million for severance f. Customer concentration: SK hynix Inc. represented 22.9% of revenue.
FORM Q4 FY2025 Non-GAAP net income per diluted share $0.46, Beat Guidance by +$0.11
FORM beat prior Q4 FY2025 Non-GAAP net income per diluted share guidance by +$0.11. Revenue of $215.2 million came in above the $210-$220 million outlook range. The company reported record full-year FY2025 revenue of $785.0 million, up 2.8% from $763.6 million in FY2024.
FORM filed its 10-Q; the most relevant disclosure change is added Credit facilities: FormFactor entered a $150 million revolving credit facility with Wells Fargo Bank on July 29, 2025, maturing July 29, 2030, with no amounts outstanding as of September 27, 2025. The facility requires maintenance of a consolidated total net leverage ratio not e. Customer concentration: SK hynix Inc. represented 24.5% of revenue.
FORM Q3 FY2025 Non-GAAP net income per diluted share $0.33, Beat Guidance by +$0.08
FORM beat prior Q3 FY2025 Non-GAAP net income per diluted share guidance by +$0.08. Revenue of $202.7 million decreased 2.5% year-over-year but increased 3.5% sequentially from Q2 FY2025. The company issued Q4 FY2025 guidance for revenue of $210M (+/- $5M), non-GAAP gross margin of 42.0% (+/- 1.5%), and non-GAAP EPS of $0.35 (+/- $0.04).
FORM filed its 10-Q; the most relevant disclosure change is expanded Equity investment: The company holds a 20% equity interest in Frontier Investments Co., Ltd. (HoldCo), which acquired 100% of FICT Limited; the carrying value of the investment was $67.3 million as of June 28, 2025, and the company recorded a $3.5 million loss from equity invest. Customer concentration: SK hynix Inc. represented 25.0% of revenue; Intel Corporation represented 12.4% of revenue.
FORM Q2 FY2025 GAAP net income per diluted share $0.12, Miss Guidance by $-0.06
FORM miss prior Q2 FY2025 GAAP net income per diluted share guidance by $-0.06. FormFactor reported Q2 FY2025 revenue of $195.8 million, which exceeded the high end of the company's prior guidance range of $185-$195 million, driven by higher-than-anticipated growth in probe-card business. However, both GAAP EPS of $0.12 and non-GAAP EPS of $0.27 missed their guided midpoints of $0.18 and $0.30, respectively, due to unfavorable product mix and unforecasted ramp-up costs for a second HBM DRAM customer. Non-GAAP gr...
FORM filed its 10-Q; the most relevant disclosure change is added Equity method investment: On February 21, 2025, FormFactor invested $67.2 million for a 20% equity interest in Frontier Investments Co., Ltd (HoldCo), a joint holding company that acquired 100% of FICT Limited through its subsidiary. FICT is a Japanese provider of semiconductor test su. Customer concentration: SK hynix Inc. represented 23.3% of revenue; Intel Corporation represented 12.0% of revenue.
FORM Q1 FY2025 non-GAAP net income per diluted share $0.23, Beat Guidance by +$0.04
FORM beat prior Q1 FY2025 non-GAAP net income per diluted share guidance by +$0.04. Revenue of $171.4 million decreased 9.6% sequentially but increased 1.6% year-over-year. The company announced a new $75 million stock repurchase authorization and expects double-digit sequential revenue growth in Q2 FY2025.
FORM filed its 10-K; the most relevant disclosure change is added Subsequent events: The company acquired a 20% equity interest in FICT Limited (Nagano, Japan) on February 21, 2025 for $59.6 million, with FICT providing multi-layer organic substrates for semiconductor test and HPC applications. The investment will be accounted for under the eq. Customer concentration: SK hynix Inc. represented 18.9% of revenue; Intel Corporation represented 14.6% of revenue.