---
schema_version: "secwatch.filing_event.v1"
accession: "0001039399-23-000016"
form_type: "8-K"
ticker: "FORM"
cik: "0001039399"
company_name: "FORMFACTOR INC"
filed_at: "2023-05-03T23:59:59+00:00"
generated_at: "2026-06-15T23:57:26.514117+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# FormFactor Q1 revenue $167.4M, above outlook; GAAP EPS $0.02, non-GAAP $0.16

## Summary
- Revenue $167.4M, up 0.9% QoQ but down 15.1% YoY; exceeded outlook range due to shipment timing.
- GAAP net income $1.3M ($0.02 diluted EPS); non-GAAP net income $12.5M ($0.16 diluted EPS).
- GAAP gross margin 36.5%, up from 27.2% in Q4; non-GAAP gross margin 38.4%.
- Q2 FY2023 outlook: revenue $162M +/- $5M; non-GAAP EPS $0.12 +/- $0.04; stable demand anticipated.
- Free cash flow negative $7.3M; cash from operations $12.3M in Q1.

## SEC filing metadata
- accession: 0001039399-23-000016
- form_type: 8-K
- ticker: FORM
- cik: 0001039399
- company_name: FORMFACTOR INC
- filed_at: 2023-05-03T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1039399/000103939923000016/0001039399-23-000016-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1039399/000103939923000016/form-20230503.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001039399-23-000016
- JSON: https://secwatch.observer/filing/0001039399-23-000016.json
- Plain text: https://secwatch.observer/filing/0001039399-23-000016.txt

## Key facts
- Earnings Releases
  FORMFACTOR INC reported the first quarter of fiscal 2023 ended April 1, 2023 results: revenue $167.4 million, net income $1.3 million, EPS $0.02 per fully-diluted share.
  - Period: the first quarter of fiscal 2023 ended April 1, 2023
  - Revenue: $167.4 million
  - Net income: $1.3 million
  - EPS: $0.02 per fully-diluted share
  - Result: reported results
  source text: Calif. — May 3, 2023 —FormFactor, Inc. (Nasdaq: FORM) today announced its financial results for the first quarter of fiscal 2023 ended April 1, 2023. Quarterly revenues were $167.4 million, an increase of 0.9% compared to $166.0 million in the fourth quarter of fiscal 2022, and a decrease of 15.1% from $197.2 million in the first quarter of fiscal 2022. • Delivered
  evidence_url: https://www.sec.gov/Archives/edgar/data/1039399/000103939923000016/0001039399-23-000016-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.