FormFactor Q2 revenue $203.9M (+8.4% YoY), EPS $0.38; guides Q3 revenue ~$183M, EPS $0.08 GAAP

FORMFACTOR INC

2022-Q2 EPS reported $0.76 revenue$401,081,000

Q2 GAAP revenue $203.9M, up 3.4% QoQ and 8.4% YoY; GAAP EPS $0.38, non-GAAP EPS $0.46.
Non-GAAP gross margin 47.4%, down from 49.0% QoQ; GAAP gross margin 46.3%.
Q3 guidance: revenue ~$183M, GAAP EPS $0.08, non-GAAP EPS $0.21; gross margin ~37.5% GAAP.
Acquired dilution refrigerator product line from JanisULT, becoming largest U.S. supplier to quantum computing.
Free cash flow $28.3M in Q2, up from $16.2M YoY.

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