Formfactor Inc Stock Price, News & Analysis

FormFactor (NASDAQ:FORM), a leading provider of test and measurement technologies for the semiconductor industry, has announced its participation in two upcoming investor conferences in August 2025.

The company will attend the Jefferies Semiconductor, IT Hardware & Communications Technology Conference on August 26 at the Four Seasons Chicago, and the 2025 Evercore ISI Semiconductor, IT Hardware & Networking Conference on August 27 at the Peninsula Chicago Hotel. Both conference appearances will be in a one-on-one meeting format.

FormFactor (NASDAQ: FORM) announced a significant leadership transition as Aric McKinnis, the company's Vice President and Corporate Controller, has been appointed as the new Senior Vice President and Chief Financial Officer. McKinnis succeeds Shai Shahar, who resigned effective August 8, 2025, but will remain as Senior Vice President, Executive Advisor through December 31, 2025.

McKinnis, who joined FormFactor in August 2019, brings valuable experience from his previous role as Corporate Controller at MKS Instruments and his tenure at Deloitte. The company has reaffirmed its third quarter 2025 financial outlook previously issued on July 30, 2025.

FormFactor (NASDAQ: FORM) reported Q2 2025 financial results with revenue of $195.8 million, exceeding outlook expectations and showing a 14.3% increase from Q1 2025, though slightly down 0.8% year-over-year. The company achieved non-GAAP net income of $21.2 million, or $0.27 per share.

Key highlights include volume shipping to all three major HBM manufacturers and the acquisition of the Farmers Branch manufacturing facility. However, non-GAAP gross margin declined to 38.5% from 45.3% year-over-year due to unfavorable product mix and HBM DRAM customer ramp-up costs. For Q3 2025, FormFactor expects revenue of $200 million ±$5 million with slightly improved margins.

FormFactor (NASDAQ: FORM), a leading provider of test and measurement technologies for the semiconductor industry, has scheduled its 2025 fiscal second quarter financial results announcement for Wednesday, July 30th, 2025, at 1:25 p.m. Pacific Time.

The company will host a live webcast accessible through the Investors section of FormFactor's website. Interested participants can also join via telephone by pre-registering for the call. A replay will be available approximately two hours after the call's conclusion on the company's investor relations website.

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FormFactor (NASDAQ: FORM) has acquired a manufacturing facility in Farmers Branch, Texas for $55 million. The site features four structures including 50,000 square feet of clean room space. CEO Mike Slessor highlighted that the facility, located in a lower-cost region, is one of few U.S. facilities with existing clean room infrastructure suitable for their manufacturing needs. The purchase aligns with FormFactor's strategic response to increasing test intensity driven by advanced packaging technologies, particularly evident in their growing High Bandwidth Memory (HBM) probe-card revenue. The company expects this strategic acquisition to provide operational flexibility and cost-effective capacity to meet anticipated long-term demand growth.

FormFactor (NASDAQ: FORM), a semiconductor test and measurement supplier, has achieved top rankings in TechInsights' 2025 global semiconductor industry customer satisfaction survey. The company secured the #1 position globally in both Test Subsystems and Focused Chip Making Equipment categories, earning five-star ratings. This marks FormFactor's twelfth consecutive year of recognition in the Test Subsystems category.

The company also received Global Semiconductor Supplier Awards for Top 10 Customer Service and Assembly Test Equipment. The survey evaluated suppliers based on supplier performance, customer service, and product performance. FormFactor's success is attributed to their focus on customer collaboration, technology leadership, and quality, particularly in addressing challenges in advanced packaging and AI-driven applications like High-Bandwidth Memory.

FormFactor (NASDAQ: FORM), a leading provider of test and measurement technologies for the semiconductor industry, has announced its participation in two upcoming investor conferences in June 2025:

• The Stifel 2025 Boston Cross Sector 1x1 Conference at The InterContinental Boston (June 3rd-4th, 2025)
• The 1st Annual D.A. Davidson Technology & Consumer Conference at Four Seasons Nashville (June 10th, 2025)

Both conferences will feature one-on-one meeting formats. FormFactor provides essential technologies throughout the IC lifecycle, including characterization, modeling, reliability, design de-bug, qualification, and production testing, serving customers through facilities across Asia, Europe, and North America.

FormFactor (NASDAQ: FORM), a leading provider of test and measurement technologies for the semiconductor industry, has announced its participation in three upcoming investor conferences in May 2025:

• B. Riley 25th Annual Investor Conference (May 21-22) at The Ritz-Carlton, Marina del Rey
• Craig-Hallum 22nd Annual Institutional Investor Conference (May 28) at Depot Renaissance Hotel Minneapolis
• TD Cowen 53rd Annual Technology, Media & Telecom Conference (May 29) at InterContinental New York Barclay

All conferences will feature one-on-one meeting formats. FormFactor serves semiconductor companies globally through its facilities in Asia, Europe, and North America, providing solutions for device performance optimization and yield knowledge advancement.

FormFactor reported Q1 2025 financial results with revenues of $171.4 million, showing a 9.6% decrease from Q4 2024 but a 1.6% increase year-over-year. The company's GAAP net income was $6.4 million ($0.08 per share), while non-GAAP net income reached $18.0 million ($0.23 per share).

Key highlights include a low single-digit increase in Foundry & Logic demand, though DRAM probe card shipments to China were limited due to export controls. The Board authorized a new $75 million stock repurchase plan extending through April 2027.

Looking ahead, FormFactor expects double-digit sequential revenue growth in Q2 2025, projecting revenue of $190 million (±$5 million) with a gross margin of 38.5% (±1.5%). The company remains confident in long-term growth prospects, driven by Advanced Packaging, High-Bandwidth-Memory, and Co-Packaged Optics trends.