Welcome to our dedicated page for Formfactor news (Ticker: FORM), a resource for investors and traders seeking the latest updates and insights on Formfactor stock.
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 (NASDAQ: FORM) has completed its acquisition of a 20% non-controlling stake in FICT , alongside North Asia private equity firm MBK Partners (MBKP). The transaction, valued at approximately $60M, includes a board seat for FormFactor and aims to secure access to FICT's essential technologies for advanced probe cards.
The deal, initially announced on February 5th, 2025, strengthens the partnership between the companies and positions FICT to continue developing leading-edge technologies for semiconductor and high-performance computing markets. FormFactor CEO Mike Slessor emphasized the transaction's importance in building world-class test and packaging consumables and strengthening the semiconductor test supply chain.
The company stated that this investment is not expected to have a material impact on FormFactor's operating results.
FormFactor (FORM) reported Q4 2024 financial results with quarterly revenues of $189.5 million, down 8.9% from Q3 2024 but up 12.7% from Q4 2023. Full-year 2024 revenue reached $764 million, marking a 15.2% increase from $663 million in 2023.
The company's Q4 GAAP net income was $9.7 million ($0.12 per share), compared to $18.7 million ($0.24 per share) in Q3 2024. Non-GAAP net income for Q4 was $21.3 million ($0.27 per share). Gross margin for Q4 2024 was 38.8%, down from 40.7% in Q3.
FormFactor announced acquiring a 20% minority stake in FICT for approximately $60M, strengthening its position in advanced probe card components. The company's High Bandwidth Memory business grew fourfold in 2024, driven by Generative AI adoption, while DRAM probe-card revenue set third consecutive quarterly records.
FormFactor (NASDAQ: FORM) has announced it will release its fourth quarter 2024 financial results on Wednesday, February 5th, 2025, at 1:25 p.m. Pacific Time. The company will host a live webcast conference call accessible through the Investors section of their website.
FormFactor is a leading provider of test and measurement technologies for the semiconductor industry, serving customers throughout the complete IC lifecycle. Their services span from characterization and modeling to qualification and production testing, helping semiconductor companies optimize device performance and improve yield knowledge. The company maintains facilities across Asia, Europe, and North America.
FormFactor (NASDAQ: FORM) has announced an expanded technology partnership with Advantest (TSE: 6857), including a share purchase agreement. The partnership builds on their existing collaboration, which includes FormFactor's 2020 acquisition of Advantest's probe-card assets and their recent partnership in developing wafer-level test cells for silicon photonics integrated circuits.
The collaboration focuses on advancing wafer-level test capabilities, particularly important for high-performance-compute devices used in generative-AI applications. Advantest will purchase approximately 335,000 FormFactor shares at $44.78 per share, though this transaction is not expected to materially impact FormFactor's financial statements.
The partnership aims to accelerate the delivery of integrated test solutions by combining FormFactor's probe cards expertise with Advantest's Automated Test Equipment (ATE) capabilities to meet customers' demanding timelines in advanced semiconductor manufacturing.
FormFactor Inc. (NASDAQ: FORM) has announced its upcoming participation in the 27th Annual Needham Growth Conference, scheduled for January 14-15, 2025. The company's Chief Executive Officer, Michael Slessor, will deliver a presentation on Wednesday, January 15, at 10:15 AM ET.
The presentation will be accessible to the public through a live webcast from the investors' section of FormFactor's website. A replay option will also be available for those unable to attend the live session.
FormFactor is a leading provider of test and measurement technologies throughout the IC lifecycle, offering services from characterization and modeling to production testing. The company maintains facilities across Asia, Europe, and North America, supporting semiconductor companies in optimizing device performance and improving yield knowledge.
FormFactor (FORM) announced its participation in the 13th Annual NYC Summit investor conference, scheduled for Tuesday, December 17th at Mastro's Steakhouse New York. The company will be one of 18 companies collectively hosting the event. FormFactor will make its presentation materials available on the events section of their corporate website.
FormFactor (Nasdaq: FORM) has announced its participation in the upcoming UBS Global Technology Conference, scheduled for December 3rd - 4th, 2024, at The Phoenician Hotel. The company will participate in one-on-one meetings only.
FormFactor is a leading provider of test and measurement technologies for the semiconductor industry, serving the full IC lifecycle from characterization to production testing. The company helps semiconductor manufacturers optimize device performance and improve yield knowledge through its facilities across Asia, Europe, and North America.
FormFactor (NASDAQ: FORM) has received SK hynix's Best Partner Award for its outstanding contributions to semiconductor test solutions. The company provides SK hynix with advanced wafer probe cards for high-bandwidth memory (HBM) testing, high-throughput one-touchdown DRAM testing, and engineering probe systems for extreme environments. The partnership focuses on developing next-generation semiconductor devices, including collaborations on HBM4 innovations. The award, presented annually to select suppliers demonstrating exceptional performance, recognizes FormFactor's role in enhancing SK hynix's testing capabilities and driving innovation in the semiconductor industry.
FormFactor (NASDAQ: FORM) and Advantest announced a strategic partnership to develop a novel test cell and measurement system for high-volume production of silicon photonics (SiPh) and co-packaged optics devices. The collaboration aims to address increasing bandwidth demands while reducing power consumption in AI data centers. Key features include the world's fastest automated photonic alignment, integration of FormFactor's Velox™ probe station with Advantest's V93000 test system, and wafer-level low-loss edge coupling. The system combines FormFactor's Pharos™ optical probe technology with Apollo probe architecture for optical and electrical device testing.
FormFactor (NASDAQ: FORM) reported record quarterly revenue of $207.9 million for Q3 2024, up 5.3% from Q2 2024 and 21.2% from Q3 2023. GAAP net income was $18.7 million ($0.24 per share), while non-GAAP net income reached $27.2 million ($0.35 per share). The company achieved record DRAM probe-card revenue driven by strong DDR5 demand. However, FormFactor expects reduced Foundry & Logic probe-card demand in Q4 2024, partially offset by continued DRAM strength. Q4 2024 guidance projects revenue of $190 million ±$5 million with non-GAAP EPS of $0.29 ±$0.04.