Formfactor Inc Stock Price, News & Analysis

FormFactor, Inc. (NASDAQ:FORM) announced the launch of a fully automated cryogenic wafer probe system in collaboration with Northrop Grumman, enhancing the testing of superconducting technologies. Operating at temperatures of 4 Kelvin and below, these systems are designed to increase production throughput, especially for RQL processors, which offer significant improvements in computing power and energy efficiency. This collaboration positions FormFactor as a pivotal player in advancing quantum computing and related fields.

FormFactor, Inc. (Nasdaq: FORM) will participate in the 13th Annual CEO Summit, occurring virtually on June 15, 2021. During this event, FormFactor's management will engage in small group meetings with investors and analysts from 9:00 a.m. to 5:15 p.m. EDT. The company will provide presentation materials on their investor page. This summit allows up to 15 management teams from various companies, enhancing investor relations and insights into their operations. For details, contact the event co-chairs.

FormFactor, Inc. (Nasdaq: FORM) has appointed Jorge Titinger to its Board of Directors, effective immediately. With over 30 years in the high-tech sector, Titinger's experience includes leadership roles at Silicon Graphics, Verigy, and KLA-Tencor. He is the founder of Titinger Consulting, focusing on corporate strategy and transformation. Titinger holds multiple degrees from Stanford University and brings a wealth of expertise to FormFactor. The Board Chairperson expressed enthusiasm for his appointment, highlighting its potential benefit to the company.

FormFactor Achieves Top Ratings in VLSIresearch Survey

FormFactor, Inc. (NASDAQ: FORM) has been recognized as a leading supplier in the semiconductor industry, receiving a five-star rating in VLSIresearch’s annual customer satisfaction survey. This marks the eighth consecutive year FormFactor was named among THE BEST Suppliers of Test Subsystems. The company excelled in three categories: 10 BEST Focused Suppliers of Semiconductor Equipment, THE BEST Suppliers of Test Equipment, and THE BEST Suppliers of Test Subsystems. Customers appreciate FormFactor for its product performance and commitment to customer satisfaction.

FormFactor, Inc. (Nasdaq: FORM) will participate in several upcoming virtual investor conferences. Key events include the 16th Annual Needham Virtual Technology & Media Conference on May 19, 2021, at 1:30 pm ET, followed by the Cowen Annual TMT Conference on June 1 and the 18th Annual Craig-Hallum Conference on June 2, both featuring 1:1 meetings only. Additionally, FormFactor will present at the Baird's 2021 Global Consumer, Technology & Services Conference on June 8 at 4:20 pm ET and the Stifel 2021 Virtual Cross Sector Insight Conference on June 10 at 4:00 pm ET. Webcasts can be accessed via the company’s website.

FormFactor, Inc. announced Q1 2021 results with revenues of $186.6 million, a 5.3% decline from Q4 2020 but a 16.1% increase year-over-year. Net income was $19.6 million, or $0.25 per share. The company's gross margin improved to 41.1%. Looking ahead, Q2 revenue is projected between $180 million and $192 million, with a gross margin of 37% to 40%. Factors influencing future performance include reduced Foundry and Logic demand but increased DRAM probe card shipments expected to compensate.

FormFactor, Inc. (NASDAQ: FORM) reported a remarkable 40% year-over-year growth in revenues from advanced probe cards for non-memory applications, driven by increased demand from Foundry and Logic customers. The company continues to be ranked as the leading supplier of semiconductor probe cards globally, maintaining this position for eight consecutive years. The advanced probe card market is projected to grow at over 7% CAGR from 2020 to 2025, reaching $2.7 billion. This growth is attributed to advancements in 5G technology and sophisticated chip designs.

FormFactor, Inc. (NASDAQ: FORM) will announce its fiscal Q1 2021 financial results on April 28, 2021, at 1:25 p.m. PT. Investors can join the live webcast via the company's website. A telephone replay of the call will be accessible two hours post-call until April 30, 2021. FormFactor is a provider of critical test and measurement technologies throughout the IC lifecycle, aiding semiconductor firms in enhancing device performance and yield. The company operates in Asia, Europe, and North America, supporting clients with a robust network.

FormFactor has launched the HPD IQ1000 Scanning SQUID Microscope, its first product targeting the quantum computing market. This innovative device allows high-throughput characterization of magnetic flux in superconducting circuits, significantly reducing development time for device designers. With a projected quantum computing market growth to $1.7B by 2026 at a CAGR of 30.2%, the IQ1000's rapid imaging capabilities (up to 100 microns per second) and unattended operation position FormFactor to capitalize on this growth and enhance its semiconductor testing portfolio.