Formfactor Inc Stock Price, News & Analysis

FormFactor, Inc. (Nasdaq: FORM) announced strong financial results for Q3 FY2021, achieving revenues of $190 million, a 6.7% increase year-over-year. Key highlights include a gross margin improvement to 42.2% and net income of $20.5 million, up from $17.9 million in Q2. The company expects Q4 revenues between $192 million and $204 million. CEO Mike Slessor noted strong demand and operational control as pivotal for performance. Despite a slight drop in free cash flow to $14.4 million, overall results remained robust with non-GAAP earnings exceeding projections.

FormFactor, Inc. (Nasdaq: FORM) will announce its financial results for the third quarter of fiscal 2021 on October 27, 2021, at 1:25 p.m. PT. The conference call will be accessible via a live webcast on the company’s website, with a replay available shortly after. FormFactor specializes in test and measurement technologies critical to semiconductor companies, aiding in device performance optimization and improving yield knowledge through its global operations.

FormFactor, Inc. (Nasdaq: FORM) will participate in several upcoming virtual investor conferences. Key events include:

• Needham Virtual 2nd Annual SemiCap and EDA Conference on August 24, 2021
• Jefferies 2021 Semiconductor, IT Hardware and Communications Infrastructure Summit on August 31, 2021
• Citi's 2021 Global Technology Virtual Conference on September 13 and 15, 2021
• C.L. King’s 19th Annual Best Ideas Conference on September 14, 2021

The public can access live webcasts from FormFactor's investor section on their website.

FormFactor, Inc. reported Q2 fiscal 2021 revenue of $188.1 million, up 0.8% from Q1 and 19.2% year-over-year. Strong demand in the DRAM sector and record sales in the Systems segment contributed to this success. Despite a slight decline in gross margins, they exceeded expectations. Net income was $17.9 million ($0.23 per share), down from Q1 but up from Q2 2020. Looking ahead, the company forecasts Q3 revenue between $182 million and $194 million, maintaining confidence in ongoing demand for its semiconductor products.

FormFactor, Inc. (NASDAQ: FORM) is set to announce its financial results for the 2021 fiscal second quarter on July 28, 2021, at 1:25 p.m. Pacific Time. Investors can join the live webcast on the company's website. A telephone replay of the call will be available until July 30, 2021. FormFactor specializes in test and measurement technologies for semiconductors, aiding companies in device performance and yield optimization. The company operates facilities in Asia, Europe, and North America.

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.