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FormFactor Inc. 10-Q Filings

FORM NASDAQ

Every 10-Q that FormFactor Inc. (FORM) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.

A 10-Q covers the quarterly report filed between annual reports, so if you follow FORM and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full FORM filings page.

Rhea-AI Summary

FormFactor, Inc. reported record quarterly revenue for the period ended June 27, 2026, with revenue of $258.2 million, up 31.9% from a year earlier, and gross margin improving to 50.7% from 37.3%. Net income rose to $56.2 million, or $0.71 per diluted share, versus $9.1 million, or $0.12, driven by higher volumes and a richer product mix.

Growth was led by Probe Cards, particularly Foundry & Logic and DRAM products; DRAM revenue benefited from strong high-bandwidth memory demand tied to generative AI. Systems revenue also expanded on sales of Triton, the new high-volume co-packaged optics testing platform. Six‑month revenue reached $484.4 million and net income $76.6 million.

The company generated $106.8 million of operating cash flow in the first half, ending with approximately $345.6 million in cash, cash equivalents and marketable securities, a $150 million undrawn credit facility, and $11.7 million outstanding on its building term loan. FormFactor is incurring 2026 restructuring and Texas factory start‑up costs to align its manufacturing footprint and support targeted gross margins.

Rhea-AI Summary

FormFactor, Inc. reported strong first-quarter fiscal 2026 results, with revenues rising to $226.1 million from $171.4 million, driven mainly by probe card demand for Foundry & Logic and high-bandwidth DRAM used in generative AI.

Net income increased to $20.4 million from $6.4 million, and diluted EPS grew to $0.26 from $0.08, helped by improved gross margin of 38.4%. Results included $23.3 million of restructuring charges tied to consolidating California manufacturing sites and a broader cost-alignment plan.

The Systems segment saw revenues decline 19.9% as demand shifted away from legacy probe stations toward newer CPO test platforms. Operating cash flow strengthened to $45.0 million, while cash, cash equivalents and marketable securities reached $303.3 million. The company maintains a $150 million undrawn credit facility and is investing in a new Texas factory and recent SiPh/CPO acquisition to support future growth.

Rhea-AI Summary

FormFactor, Inc. reported Q3 2025 results with revenue of $202.7 million and diluted EPS of $0.20. Net income was $15.7 million. Gross margin eased versus last year as product mix shifted, with Probe Cards at $166.4 million and Systems at $36.3 million.

Year to date, revenue was $569.8 million and net income $31.1 million. Operating cash flow reached $69.4 million, while investing outflows of $156.5 million reflected $92.3 million of capital spending and a $67.2 million equity investment. Cash and cash equivalents were $97.7 million, and marketable securities were $168.4 million.

The company entered a new $150 million revolving credit facility maturing in 2030 with no borrowings outstanding. In June, it purchased a $55 million manufacturing site in Texas and expects $140–$170 million of related cash expenditures in fiscal 2026. Customer concentration remained notable, with SK hynix at 24.5% of Q3 revenue. Share repurchases totaled 135,000 shares ($4.1 million) under the April 2025 program, leaving $70.9 million authorized.