secwatch.observer — SEC 8-K summary
======================================

Issuer:     FORMFACTOR INC (FORM)
CIK:        0001039399
Form:       8-K
Filed at:   2023-05-03T23:59:59+00:00
Accession:  0001039399-23-000016
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1039399/000103939923000016/0001039399-23-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1039399/000103939923000016/form-20230503.htm
  HTML page:      https://secwatch.observer/filing/0001039399-23-000016

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