---
schema_version: "secwatch.filing_event.v1"
accession: "0001039399-23-000045"
form_type: "8-K"
ticker: "FORM"
cik: "0001039399"
company_name: "FORMFACTOR INC"
filed_at: "2023-11-01T23:59:59+00:00"
generated_at: "2026-06-09T01:52:31.983892+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# FormFactor Q3 revenue $171.6M near high end; non-GAAP EPS $0.22 beats; sold FRT for $100M; $75M buyback

## Summary
- Revenue $171.6M (+10% QoQ, -5% YoY); GAAP EPS $0.06, non-GAAP EPS $0.22 (above outlook range).
- Completed sale of FRT to Camtek for $100M cash, subject to customary purchase price adjustments.
- Board authorized additional $75M stock repurchase plan (expires Oct 2025), supplementing existing May 2022 program.
- Q4 outlook: revenue $165M+/-$5M; non-GAAP gross margin ~41%; non-GAAP EPS $0.20+/-$0.04 excluding ~$0.76 gain on FRT sale.
- Foundry & Logic probe card demand strong; record Systems revenue; DRAM probe card demand expected stronger in Q4.

## SEC filing metadata
- accession: 0001039399-23-000045
- form_type: 8-K
- ticker: FORM
- cik: 0001039399
- company_name: FORMFACTOR INC
- filed_at: 2023-11-01T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1039399/000103939923000045/0001039399-23-000045-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1039399/000103939923000045/form-20231101.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001039399-23-000045
- JSON: https://secwatch.observer/filing/0001039399-23-000045.json
- Plain text: https://secwatch.observer/filing/0001039399-23-000045.txt

## Key facts
- Earnings Releases
  FORMFACTOR INC reported fourth quarter ending December 30, 2023 results: revenue $165 million +/- $5 million, EPS $0.20 +/- $0.04.
  - Period: fourth quarter ending December 30, 2023
  - Revenue: $165 million +/- $5 million
  - EPS: $0.20 +/- $0.04
  - Result: guidance update
  source text: For the fourth quarter ending December 30, 2023, FormFactor is providing the following outlook*: GAAP Reconciling Items** Non-GAAP Revenue $165 million +/- $5 million — $165 million +/- $5 million Gross Margin 40% +/- 1.5% $2 million 41% +/- 1.5% Net income (loss) per diluted share $0.84 +/- $0.04 $0.64 $0.20 +/- $0.04
  evidence_url: https://www.sec.gov/Archives/edgar/data/1039399/000103939923000045/0001039399-23-000045-index.htm
- Earnings Releases
  FORMFACTOR INC reported third quarter of fiscal 2023 ended September 30, 2023 results: revenue $171.6 million, net income $17.3 million, EPS $0.22.
  - Period: third quarter of fiscal 2023 ended September 30, 2023
  - Revenue: $171.6 million
  - Net income: $17.3 million
  - EPS: $0.22
  - Result: reported results
  source text: Quarterly revenues were $171.6 million, an increase of 10.0% compared to $155.9 million in the second quarter of fiscal 2023, and a decrease of 5.1% from $180.9 million in the third quarter of fiscal 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1039399/000103939923000045/0001039399-23-000045-index.htm
- Earnings Releases
  FORMFACTOR INC reported third quarter of fiscal 2023 ended September 30, 2023 results: revenue $171.6 million, net income $17.3 million, EPS $0.22.
  - Period: third quarter of fiscal 2023 ended September 30, 2023
  - Revenue: $171.6 million
  - Net income: $17.3 million
  - EPS: $0.22
  - Result: reported results
  source text: — November 1, 2023 —FormFactor, Inc. (Nasdaq: FORM) today announced its financial results for the third quarter of fiscal 2023 ended September 30, 2023. Quarterly revenues were $171.6 million, an increase of 10.0% compared to $155.9 million in the second quarter of fiscal 2023, and a decrease of 5.1% from $180.9 million in the third quarter of fiscal 2022. •
  evidence_url: https://www.sec.gov/Archives/edgar/data/1039399/000103939923000045/0001039399-23-000045-index.htm

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