FormFactor, Inc. reports developments in semiconductor test and measurement technologies used across the integrated-circuit life cycle, from characterization, modeling, reliability analysis and design debug to qualification and production test. Its recurring news covers financial results, probe-card demand, RF probe stations, on-wafer component characterization, quantum cryogenic products such as the Flatiron Dilution Refrigerator, and partnerships under the MeasureOne program.
Company updates also address investor presentations, board changes, and customer demand trends in areas such as DRAM, HBM, Foundry & Logic and networking applications. FormFactor serves semiconductor customers through facilities in Asia, Europe and North America.
FormFactor (FORM) published its Sustainability Report covering calendar year 2025, outlining its sustainability strategy, governance framework and environmental and social initiatives.
The company introduced a goal to reduce absolute Scope 1 and Scope 2 greenhouse gas emissions by 25% between 2025 and 2030, covering direct emissions and emissions from purchased energy. Workplace safety performance included a 66% reduction in Total Recordable Incident Rate between 2023 and 2025, a measure of recorded workplace incidents. Other milestones included establishing an Executive Sustainability Committee, completing its first climate-related risk assessment and investing in wastewater treatment infrastructure and environmental management programs.
FormFactor (Nasdaq: FORM) reported third-quarter fiscal 2026 revenue of $280.5 million, its fourth consecutive quarterly revenue record. Revenue rose 8.6% sequentially and 38.4% year over year. GAAP net income reached $73.8 million, or $0.93 per diluted share, versus $15.7 million, or $0.20, a year earlier. GAAP gross margin increased to 54.7% from 39.8%.
Operating cash flow was $104.3 million, while free cash flow reached $64.8 million. For the quarter ending December 26, 2026, FormFactor expects revenue of $285 million +/- $10 million, GAAP gross margin of 52.3% +/- 1.5%, and GAAP diluted earnings of $0.84 +/- $0.09. The outlook assumes consistent foreign currency rates. The company said productivity gains are moderating as existing factories approach capacity limits, while its new Farmers Branch factory is coming online to support growth.
FormFactor (FORM) opened its Farmers Branch manufacturing facility to expand production capacity for advanced probe cards used in semiconductor testing.
The facility joins the company's global manufacturing and operations network serving customers in Asia, Europe, and North America. FormFactor said the investment expands its ability to serve customers with greater scale, flexibility, and speed while strengthening its U.S. manufacturing capabilities. The expansion supports the company's plans to address growing demand for advanced semiconductor testing as customers develop next-generation devices.
FormFactor (FORM) and Teradyne (TER) entered a technology collaboration, with Teradyne agreeing to a $300 million equity investment in FormFactor.
The collaboration combines FormFactor’s probe technologies, interface solutions and device characterization with Teradyne’s automated test platforms. The companies plan to advance semiconductor test architectures, optimize test infrastructure and improve production readiness for high-performance computing, advanced packaging, high-bandwidth memory and silicon photonics. They expect the collaboration to accelerate development, validation and high-volume production deployment of next-generation semiconductor devices and expand joint customer engagement. Teradyne agreed to purchase FormFactor common stock; the investment remains subject to customary closing conditions and regulatory approvals.
FormFactor (FORM) will report its fiscal third-quarter 2026 financial results on October 28, 2026, at 1:25 p.m. Pacific Time.
A live webcast of the conference call will be available through the company's Investors website section. A replay will be available there approximately two hours after the call concludes.
S&P Dow Jones Indices, a division of S&P Global (SPGI), announced index changes involving Workiva, Vylor, Twilio and other companies.
Vylor (VYLR) joined the S&P 500 on October 1, 2026, following its completed spin-off from Corteva. Before trading opens on October 6, Corteva (CTVA) leaves the S&P 500 for the S&P MidCap 400, replacing Olin (OLN), which replaces Qorvo (QRVO) in the S&P SmallCap 600. Twilio (TWLO) replaces Warner Bros. Discovery (WBD) in the S&P 500; Formfactor (FORM) replaces Twilio in the S&P MidCap 400; and Workiva (WK) replaces Formfactor in the S&P SmallCap 600.
Skyworks Solutions (SWKS) is acquiring Qorvo, and Paramount Skydance (PSKY) is acquiring Warner Bros. Discovery. Both deals are expected to close soon, pending final closing conditions. Paramount Skydance will move its primary listing to the NYSE after the merger.
FormFactor (NASDAQ: FORM) announced management will participate in the 18th Annual CEO Investor Summit on October 13, 2026. The event will take place at the St. Regis Hotel in San Francisco, with small-group meetings between investors, analysts and company management teams.
Presentation materials will be available on FormFactor’s website events page. Attendance is by invitation only for accredited investors and publishing research analysts, with registration ending October 2, 2026.
FormFactor (Nasdaq: FORM) announced its participation in three upcoming investor conferences. The company will attend the 2026 Jefferies Semiconductor, IT Hardware & Communications Technology Conference in Chicago on August 25, 2026, Citi’s 2026 Global TMT Conference in New York on September 9, 2026, and B. Riley Securities’ 9th Annual Consumer & TMT Conference in New York on September 10, 2026.
FormFactor (Nasdaq: FORM) reported record second-quarter 2026 results for the period ended June 27, 2026, with revenue of $258.2 million, up 14.2% sequentially and 31.9% year over year. GAAP gross margin reached 50.7%, and GAAP net income was $56.2 million, or $0.71 per diluted share.
On a non-GAAP basis, net income was $65.0 million, or $0.82 per diluted share, with non-GAAP gross margin of 53.3%. Operating cash flow was $61.8 million and free cash flow $52.6 million. The company cited strong demand in DRAM, Foundry & Logic and Systems, noted over 30% revenue growth and a 1,500-basis-point non-GAAP gross margin expansion over the past four quarters, and announced an expanded multi-year partnership with Keystone Microtech in Taiwan. For Q3 2026, FormFactor targets revenue of $270 million ± $10 million and non-GAAP EPS of $0.86 ± $0.09.
FormFactor (Nasdaq: FORM) and Keystone Microtech (TPEX: 6683) announced an expanded strategic partnership to scale semiconductor probe card manufacturing and test services, with a strong focus on advanced applications such as AI, high‑performance computing, advanced packaging, memory, and high‑speed connectivity.
FormFactor will contribute probe card technology, design, and semiconductor test expertise, while Keystone Microtech will provide design, assembly, test, repair, and distribution for designated products. According to FormFactor, the agreement preserves each company’s ownership of its intellectual property and keeps development and manufacturing of FormFactor’s proprietary probe card technologies in‑house, while expanding its operational footprint and customer support capabilities within Taiwan’s semiconductor ecosystem.