secwatch.observer — SEC 8-K summary
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Issuer:     FORMFACTOR INC (FORM)
CIK:        0001039399
Form:       8-K
Filed at:   2022-07-27T23:59:59+00:00
Accession:  0001039399-22-000073
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1039399/000103939922000073/0001039399-22-000073-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1039399/000103939922000073/form-20220727.htm
  HTML page:      https://secwatch.observer/filing/0001039399-22-000073

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