FormFactor Q3 revenue $190M, non-GAAP EPS $0.40 above outlook, guides Q4 rev $192-204M

FORMFACTOR INC

2021-Q3 EPS reported $0.73 revenue$564,676,000

Revenue $190.0M, up 1.0% sequentially and 6.7% YoY; GAAP EPS $0.26, non-GAAP EPS $0.40.
Non-GAAP gross margin 46.0% (up 160 bps QoQ), driven by favorable product mix.
Free cash flow $14.4M; new Livermore manufacturing center on track for initial shipments in Q4.
Q4 outlook: revenue $192M-$204M, non-GAAP EPS $0.37-$0.45, GAAP EPS $0.25-$0.33.
CEO cites strong demand across all businesses and added production capacity coming online.

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