FormFactor Introduces Flatiron™ Dilution Refrigerator for Benchtop Millikelvin Research and Quantum Hardware Validation

FormFactor (NASDAQ: FORM) introduced the Flatiron™ Dilution Refrigerator, a benchtop millikelvin platform for quantum device development and validation.

Rhea-AI Summary

FormFactor (NASDAQ: FORM) introduced the Flatiron™ Dilution Refrigerator, a benchtop millikelvin platform for quantum device development and validation. The system reaches base temperatures near 30 mK, offers a compact 150 cm x 80 cm footprint, four cryogenic optical windows, and faster sample exchange to accelerate time‑to‑data.

Positive

• Benchtop millikelvin performance down to ~30 mK
• Compact footprint of roughly 150 cm x 80 cm
• Integrated four cryogenic optical windows for optical access
• Horizontal design enabling faster sample exchange and quicker time‑to‑data

Negative

• None.

Argus Mar 11 session

+0.87% close to close Open Argus

Details

News Market Reaction – FORM

On Mar 11, the day this news came out, FORM closed 0.87% above the previous close.

Data tracked by StockTitan Argus for the Mar 11 session.

Key Figures

Base temperature: ~30 mK System footprint: 150 cm x 80 cm Cryogenic windows: 4 windows +5 more

Base temperature

~30 mK

Flatiron Dilution Refrigerator millikelvin performance

System footprint

150 cm x 80 cm

Benchtop platform size for lab integration

Cryogenic windows

4 windows

Integrated optical access for sub-kelvin measurements

Current price

$91.03

Pre-news trading level on publication date

52-week high

$107.04

Upper end of 52-week trading range

52-week low

$22.58

Lower end of 52-week trading range

FY25 revenue

$785.0M

Record fiscal 2025 revenue from Feb 4, 2026 earnings

Q4 2025 revenue

$215.2M

Q4 revenue with 13.6% YoY growth

Historical Context

5 past events · Latest: Mar 05

5 events

1. Mar 05

   Investor Day announcement

   24h Move

   -1.9%

   Announcement of Investor Day to discuss strategy and financial targets.

2. Feb 18

   Board transition

   24h Move

   -2.5%

   Director retirement at 2026 annual meeting with no stated disagreements.

3. Feb 12

   Conference participation

   24h Move

   +3.3%

   Participation in three upcoming investor conferences with one-on-one meetings.

4. Feb 04

   Earnings release

   24h Move

   +17.2%

   Record FY25 revenue and solid Q4 growth with guidance and acquisition update.

5. Jan 14

   Earnings date notice

   24h Move

   +4.6%

   Scheduling of Q4 2025 results call and webcast logistics information.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

dilution refrigerator, millikelvin, sub‑kelvin, cryogenic windows

4 terms

dilution refrigerator technical

"today introduced the Flatiron™ Dilution Refrigerator, a new benchtop millikelvin platform"

A dilution refrigerator is a laboratory machine that cools materials and electronic devices to temperatures very close to absolute zero using a special mixture of helium isotopes; think of it as an ultra-deep freezer for delicate quantum equipment. It matters to investors because it is essential infrastructure for developing and testing quantum computers, superconducting sensors, and other cutting-edge technologies, influencing a company’s research progress, capital needs, product viability, and competitive edge.

millikelvin technical

"benchtop millikelvin platform designed to simplify sub‑kelvin optical and electrical measurements"

A millikelvin is one thousandth of a kelvin, a unit of temperature where one kelvin change equals one degree Celsius change; a millikelvin therefore equals 0.001 kelvin (0.001°C). Investors see millikelvin-level control as a sign of very advanced physical engineering—needed for technologies like quantum computers, superconducting devices and ultra-sensitive sensors—so mentions of millikelvin temperatures in filings or releases can signal high technical capability and potential for cutting-edge commercial products.

sub‑kelvin technical

"simplify sub‑kelvin optical and electrical measurements and accelerate quantum device development"

Temperatures below one kelvin — less than a single degree above absolute zero (about −272.15°C) — produced by specialized cryogenic cooling. Achieving sub‑kelvin conditions is crucial for technologies that only work at extreme cold, such as certain superconductors and quantum bits; for investors, mention of sub‑kelvin capability signals advanced, capital‑intensive R&D and potential for breakthrough products that could change hardware performance, much like freezing a device to reveal new behavior.

cryogenic windows technical

"Integrated optical access via four cryogenic windows, supporting optical and electro-optical measurements"

Cryogenic windows are specially made transparent panels that let people or instruments see into and measure equipment kept at extremely low temperatures while preventing heat from entering the cold space. Think of them as the heavy-duty, super-insulated windows on a walk-in freezer that keep the cold in and let you check contents without opening the door. For investors, their quality affects product performance, energy efficiency, safety and maintenance costs in industries like medical research, liquefied gas and advanced manufacturing, so they can influence profitability and risk.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Flatiron™ Platform Simplifies Sub‑Kelvin Optical and Electrical Measurements and Accelerates Time‑to‑Data for Research and Industry

LIVERMORE, Calif., March 11, 2026 (GLOBE NEWSWIRE) -- FormFactor, Inc. (NASDAQ: FORM), a leading semiconductor test and measurement supplier, today introduced the Flatiron™ Dilution Refrigerator, a new benchtop millikelvin platform designed to simplify sub‑kelvin optical and electrical measurements and accelerate quantum device development, characterization, and chip-scale validation. The Flatiron enables researchers and engineering teams to perform millikelvin experiments in a compact, lab‑ready system that integrates easily into modern laboratories, reducing experimental overhead and time‑to‑data for both research and industrial quantum technology development.

Traditional dilution refrigerators often require large lab footprints and time‑consuming disassembly to change samples or reconfigure experiments, slowing research cycles and increasing the cost of testing. The Flatiron Dilution Refrigerator addresses these challenges with a novel horizontal benchtop architecture that provides ergonomic sample access, faster sample exchange, and easier integration with optical tables and standard lab equipment. By enabling frequent thermal cycling and rapid experiment iteration, Flatiron supports rapid hardware validation and characterization without the long cooldown cycles of full-scale systems, delivering faster insights at sub‑kelvin temperatures.

The Flatiron Dilution Refrigerator’s key features include:

• Millikelvin performance in a benchtop system, reaching base temperatures down to ~30 mK for advanced quantum device and materials measurements
• Faster time-to-data through a horizontal benchtop design with quick, top-plate sample access, eliminating the need to remove multiple vacuum cans and radiation shields
• Easy lab integration with a compact footprint of approximately 150 cm x 80 cm, designed to fit alongside optical tables and standard laboratory equipment
• Integrated optical access via four cryogenic windows, supporting optical and electro-optical measurements at sub-kelvin temperatures 

“Millikelvin measurements are critical not only for fundamental research, but increasingly for fast, cost-effective validation of quantum hardware,” said Thomas Fries, Vice President and General Manager, Emerging Growth Business Unit at FormFactor. “With Flatiron, we make sub-kelvin measurements easier to access, easier to integrate into existing labs, and ready for industry use. The result is a benchtop platform that supports the rapid iteration and throughput required for modern quantum technology development and provides this growing industry with valuable tools for building out the ecosystem.”

To learn more about FormFactor’s Flatiron Dilution Refrigerator and other quantum cryogenic products, visit https://www.formfactor.com/products/quantum-cryo.

About FormFactor

FormFactor, Inc. (NASDAQ: FORM), is a leading provider of essential test and measurement technologies along the full IC life cycle – from characterization, modeling, reliability, and design debug, to qualification and production test. Semiconductor companies rely upon FormFactor’s products and services to accelerate profitability by optimizing device performance and advancing yield knowledge. The Company serves customers through its network of facilities in Asia, Europe, and North America. For more information, visit the Company’s website at www.formfactor.com.

Forward-Looking Statements

This press release contains forward‑looking statements within the meaning of the “safe harbor” provisions of the federal securities laws. 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. These forward‑looking statements include, but are not limited to, statements regarding the expected benefits, adoption, performance, and impact of the Flatiron™ Dilution Refrigerator and related cryogenic products, as well as anticipated customer demand, market opportunity, and industry trends.

Forward‑looking statements may contain words such as “may,” “might,” “will,” “expect,” “plan,” “anticipate,” “forecast,” and “continue,” the negative or plural of these words, or similar expressions, and include the assumptions that underlie such statements. Factors that could cause actual results to differ materially from those described in the forward‑looking statements include, but are not limited to, changes in demand for the Company’s products; customer‑specific demand; market opportunity; anticipated industry trends; the availability, benefits, and speed of customer acceptance or implementation of new products and technologies; competitive developments; and other factors, including those set forth in the Company’s most recent annual report on Form 10‑K, quarterly reports on Form 10‑Q, and other filings with the U.S. Securities and Exchange Commission.

In addition, there are varying barriers to international trade, including restrictive trade and export regulations such as U.S.‑China restrictions, dynamic tariffs, trade disputes between the United States and other countries, and national security developments or geopolitical tensions, that may substantially restrict or condition the Company’s sales to or in certain countries, increase the cost of doing business internationally, and disrupt its supply chain.

No assurances can be given that any of the events anticipated by the forward‑looking statements in this press release will transpire or occur, or if any of them do so, what impact they will have on the results of operations or financial condition of the Company. Unless required by law, the Company undertakes no obligation, and expressly disclaims any obligation, to update or revise its forward‑looking statements, whether as a result of new information, future events, or otherwise.

FormFactor Investor Contact
Stan Finkelstein
Investor Relations
(925) 290-4273
ir@formfactor.com

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What are the key capabilities of FormFactor's Flatiron Dilution Refrigerator (FORM) announced March 11, 2026?

The Flatiron is a benchtop dilution refrigerator reaching base temperatures near 30 mK for quantum device testing. According to the company, it combines a compact 150 cm x 80 cm footprint, horizontal access, quick sample exchange, and four cryogenic optical windows to speed experiments.

How does the Flatiron (FORM) reduce time‑to‑data for quantum hardware validation?

Flatiron reduces time‑to‑data by providing top‑plate sample access and a horizontal benchtop design for faster exchanges. According to the company, this eliminates lengthy disassembly steps and long cooldown cycles typical of full‑scale systems, enabling quicker experiment iteration and thermal cycling.

What lab space and integration requirements does FormFactor specify for Flatiron (FORM)?

Flatiron is designed to fit alongside standard lab equipment with an approximate footprint of 150 cm x 80 cm. According to the company, the compact benchtop form factor eases integration with optical tables and existing laboratory setups for research and industrial use.

Can Flatiron (FORM) support optical experiments at sub‑kelvin temperatures?

Yes. The Flatiron provides integrated optical access via four cryogenic windows to support optical and electro‑optical measurements at sub‑kelvin temperatures. According to the company, this enables combined optical and electrical characterization of quantum devices in a benchtop system.

Who is the intended user for FormFactor's Flatiron Dilution Refrigerator (FORM)?

The Flatiron targets researchers and engineering teams focused on quantum hardware development, characterization, and chip‑scale validation. According to the company, the benchtop platform aims to make millikelvin measurements more accessible for both academic labs and industry R&D workflows.