secwatch.observer — SEC 8-K summary
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Issuer:     FORMFACTOR INC (FORM)
CIK:        0001039399
Form:       8-K
Filed at:   2022-04-27T23:59:59+00:00
Accession:  0001039399-22-000017
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FormFactor Q1 FY2022: Revenue $197.2M, non-GAAP EPS $0.49 beat guidance; Q2 outlook above street
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- Revenue $197.2M (down 3.8% QoQ, up 5.6% YoY); GAAP EPS $0.38; non-GAAP EPS $0.49.
- GAAP gross margin 47.8% (up from 43.7% Q4); non-GAAP gross margin 49.0% (up from 44.3% Q4).
- Record GAAP and non-GAAP operating income; free cash flow $28.7M.
- Q2 guidance: revenue $203M +/- $6M; non-GAAP EPS $0.43 +/- $0.04.
- CEO cites resilience, progress towards target model of $2 non-GAAP EPS on $850M revenue.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1039399/000103939922000017/0001039399-22-000017-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1039399/000103939922000017/form-20220427.htm
  HTML page:      https://secwatch.observer/filing/0001039399-22-000017

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer