FormFactor Q2 revenue $155.9M, down 23.5% YoY; non-GAAP EPS $0.14

FORMFACTOR INC

2023-Q2 EPS reported $0.03 revenue$323,364,000

Revenue $155.9M, down 6.9% QoQ and 23.5% YoY; GAAP EPS $0.01.
Non-GAAP gross margin 40.6%, up from 38.4% QoQ; Systems segment near record.
Generative AI driving strong demand for DDR5 and HBM probe cards.
Q3 guidance: revenue $167M ±$5M, non-GAAP EPS $0.17 ±$0.04.
Free cash flow $2.1M in Q2 vs negative $7.3M in prior Q1.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

FORMFACTOR INC reported second quarter of fiscal 2023 ended July 1, 2023 results: revenue $155.9 million, net income $0.8 million, EPS $0.01 per fully-diluted share. Guidance reaffirmed.

Period: second quarter of fiscal 2023 ended July 1, 2023
Revenue: $155.9 million
Net income: $0.8 million
EPS: $0.01 per fully-diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Calif. — August 2, 2023 —FormFactor, Inc. (Nasdaq: FORM) today announced its financial results for the second quarter of fiscal 2023 ended July 1, 2023. Quarterly revenues were $155.9 million, a decrease of 6.9% compared to $167.4 million in the first quarter of fiscal 2023, and a decrease of 23.5% from $203.9 million in the second quarter of fiscal 2022. • Higher

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Source: SEC EDGAR

accession 0001039399-23-000030

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