FORMFACTOR INCFORMEarnings & Financial Report
Formfactor, Inc. is a provider of test and measurement technologies for integrated circuits, with its headquarters in Livermore, California. It provides semiconductor companies with products to improve device performance and provide test and measurement technologies for integrated circuits.
Revenue
$197.5M
Gross Profit
$86.9M
Operating Profit
$17.8M
Net Profit
$19.4M
Gross Margin
44.0%
Operating Margin
9.0%
Net Margin
9.8%
YoY Growth
17.9%
EPS
$0.25
FORMFACTOR INC Q2 FY2024 Financial Summary
FORMFACTOR INC reported revenue of $197.5M (up 17.9% YoY) for Q2 FY2024, with a net profit of $19.4M (up 1345.0% YoY) (9.8% margin). Cost of goods sold was $110.6M, operating expenses totaled $69.1M.
Key Financial Metrics
| Total Revenue | $197.5M |
|---|---|
| Net Profit | $19.4M |
| Gross Margin | 44.0% |
| Operating Margin | 9.0% |
| Report Period | Q2 FY2024 |
Revenue Breakdown
FORMFACTOR INC Q2 FY2024 revenue of $197.5M breaks down across 7 segments, led by Other at $87.5M (44.3% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Other | $87.5M | 44.3% |
| KR | $49.1M | 24.9% |
| TW | $44.8M | 22.7% |
| MY | $6.6M | 3.3% |
| Flash Product Group | $5.1M | 2.6% |
| Rest Of The World | $3.0M | 1.5% |
| Transferred Over Time | $1.3M | 0.7% |
FORMFACTOR INC Revenue by Segment — Quarterly Trend
FORMFACTOR INC revenue by segment across the last 4 reported quarters, showing how each business line (such as Other and KR) has evolved quarter over quarter.
| Segment | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 |
|---|---|---|---|---|
| Flash Product Group | — | $7.4M | $5.3M | $5.5M |
FORMFACTOR INC Annual Revenue by Year
FORMFACTOR INC annual revenue history includes year-by-year totals (for example, 2025 revenue was $785.0M).
| Year | Annual Revenue |
|---|---|
| 2025 | $785.0M |
| 2024 | $763.6M |
| 2022 | $747.9M |
FORMFACTOR INC Quarterly Revenue & Net Profit History
FORMFACTOR INC results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $226.1M | +32.0% | $20.4M | 9.0% |
| Q4 FY2025 | $215.2M | +13.6% | $23.2M | 10.8% |
| Q3 FY2025 | $202.7M | -2.5% | $15.7M | 7.7% |
| Q2 FY2025 | $195.8M | -0.8% | $9.1M | 4.6% |
| Q1 FY2025 | $171.4M | +1.6% | $6.4M | 3.7% |
| Q4 FY2024 | $189.5M | +12.7% | $9.7M | 5.1% |
| Q3 FY2024 | $207.9M | +21.2% | $18.7M | 9.0% |
| Q2 FY2024 | $197.5M | +17.9% | $19.4M | 9.8% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $197.5M | $207.9M | $189.5M | $171.4M | $195.8M | $202.7M | $215.2M | $226.1M |
| YoY Growth | 17.9% | 21.2% | 12.7% | 1.6% | -0.8% | -2.5% | 13.6% | 32.0% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $1.16B | $1.15B | $1.15B | $1.16B | $1.18B | $1.20B | $1.22B | $1.26B |
| Liabilities | $208.3M | $198.8M | $198.4M | $190.3M | $191.6M | $193.4M | $189.0M | $197.1M |
| Equity | $947.9M | $955.0M | $947.8M | $965.9M | $990.0M | $1.01B | $1.04B | $1.06B |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $21.9M | $26.7M | $35.9M | $23.5M | $18.9M | $27.0M | $46.0M | $45.0M |