{"schema_version":"secwatch.filing_event.v1","accession":"0001039399-24-000004","form_type":"8-K","ticker":"FORM","cik":"0001039399","company_name":"FORMFACTOR INC","filed_at":"2024-02-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.188287+00:00","generated_at":"2026-06-06T06:21:00.463235+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"FormFactor Q4 revenue $168.2M; divests China ops to Grand Junction","bullets":["GAAP net income $75.8M ($0.97 EPS) includes $73.0M gain from sale of FRT; non-GAAP EPS $0.20.","Revenue $168.2M, down 2% QoQ, up 1.3% YoY; FY2023 revenue $663M, down 11.3% from FY2022.","Signed agreement to divest China operations to Grand Junction Semiconductor, forming exclusive distribution partnership.","Q1 FY2024 outlook: revenue ~$165M ± $5M, non-GAAP EPS $0.19 ± $0.04.","Non-GAAP gross margin 42.1%, up from 31.7% YoY; GAAP gross margin stable at 40.4%."],"urls":{"canonical":"https://secwatch.observer/filing/0001039399-24-000004","json":"https://secwatch.observer/filing/0001039399-24-000004.json","markdown":"https://secwatch.observer/filing/0001039399-24-000004.md","text":"https://secwatch.observer/filing/0001039399-24-000004.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1039399/000103939924000004/0001039399-24-000004-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1039399/000103939924000004/form-20240207.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T06:21:00.463235+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"7c9a7e21755541e0ddbdf2e7760555c334303633","claim":"FORMFACTOR INC reported fiscal 2023 ended December 30, 2023 results: revenue $663 million, net income $82.4 million, EPS $1.05 per fully-diluted share.","evidence_excerpt":"For fiscal 2023, FormFactor recorded revenues of $663 million, down 11.3% from $748 million in fiscal 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1039399/000103939924000004/0001039399-24-000004-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal 2023 ended December 30, 2023"},{"label":"Revenue","value":"$663 million"},{"label":"Net income","value":"$82.4 million"},{"label":"EPS","value":"$1.05 per fully-diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"a2b737e167bb8e4f2959b93c85aaa8c4c3915202","claim":"FORMFACTOR INC reported the fourth quarter of fiscal 2023 ended December 30, 2023 results: revenue $168.2 million, net income $75.8 million, EPS $0.97 per fully-diluted share.","evidence_excerpt":"Quarterly revenues were $168.2 million, a decrease of 2.0% compared to $171.6 million in the third quarter of fiscal 2023, and an increase of 1.3% from $166.0 million in the fourth quarter of fiscal 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1039399/000103939924000004/0001039399-24-000004-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter of fiscal 2023 ended December 30, 2023"},{"label":"Revenue","value":"$168.2 million"},{"label":"Net income","value":"$75.8 million"},{"label":"EPS","value":"$0.97 per fully-diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"d5e239a9b39f96cbf6be80f9ec093cd44d0092f2","claim":"FORMFACTOR INC reported the first quarter ending March 30, 2024 results: revenue $165 million +/- $5 million, EPS $0.07 +/- $0.04. Guidance initiated.","evidence_excerpt":"For the first quarter ending March 30, 2024, 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 per diluted share $0.07 +/- $0.04 $0.12 $0.19 +/-$0.04","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1039399/000103939924000004/0001039399-24-000004-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first quarter ending March 30, 2024"},{"label":"Revenue","value":"$165 million +/- $5 million"},{"label":"EPS","value":"$0.07 +/- $0.04"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}